Apr 19, 2022By: Bhakti Makwana
The midcap IT firm reported a 49 percent jump in net profit on year growth in March quarter at ₹473 crore as against ₹317 crore in the last year.
The IT firm has appointed Satya Easwaran as the Country Head for India. Satya will be in charge of strengthening Wipro’s business in India across key industry sectors through strategic consulting, transformation and modernization engagements.
The company has appointed Radhakrishnan Ravi, as chief executive officer and chief financial officer of the company.
The government owned firm received a work order from Rail Vikas Nigam of ₹11.57 crore for the installation of multi-protocol label switching (MPLS) - virtual private networks (VPNs) at 33 locations across the country.
The Company has signed a loan agreement of ₹494 crore with Himachal Pradesh State Co-Operative Bank for development of 66-megawatt hydroelectric project in Himachal Pradesh.
The company has appointed Rodolfo Hrosz as managing director of the firm with effect from June 1, 2022, for a period of three years.
Life Insurance Corporation of India (LIC) reportedly sold 2.04 percent equity stake in the company via open market transactions. Now the shareholding of LIC in the company stands at 5.95 percent, down from 8 percent earlier.
The company is considering the issue of bonus equity shares in the proportion of one bonus equity share for every one share held by shareholders.
ACC, Larsen & Toubro Infotech, Mastek, Tata Steel Long Products, Benares Hotels, Godavari Drugs, and Longview Tea Company will release March quarter earnings today.