Select Page

Cohizon Life Sciences welcomes seasoned former Hindalco executive as new Chief Information Officer to drive digital transformation.

Here is a summary of the content in 400 words:

Cohizon Life Sciences, a specialty chemicals company, has appointed Navin Nathani as its new Chief Information Officer (CIO). Nathani shared the news on LinkedIn, expressing his excitement about the new role. He brings over 20 years of experience in various sectors, including manufacturing, FMCG, and insurance.

Prior to joining Cohizon, Nathani was the General Manager and Head of IT at Hindalco, where he successfully led numerous technology projects. He has also worked with notable organizations such as General Mills, Blue Star, Deloitte, and Wipro Infotech. Nathani has a Bachelor’s degree in Commerce from Mumbai University and a Certificate in Foundational UX Design from Google through Coursera.

Aside from his corporate achievements, Nathani is also actively involved in community engagement through the Google Local Guides program. His diverse experience and skills will be an asset to Cohizon as the company continues to grow and evolve.

Cohizon, formerly known as Sajjan India Limited, recently rebranded in December. The company is a leading manufacturer of Active Ingredients, Electronic Chemicals, Specialty Chemicals, and Intermediates, catering to various sectors, including Agro, Pharma, and Dyes & Pigments. Headquartered in Mumbai, Cohizon has been operational since 1983.

The appointment of Nathani as CIO is a significant milestone for Cohizon, and his wealth of experience will undoubtedly contribute to the company’s continued success. As a seasoned professional with a strong background in IT and technology, Nathani is well-equipped to drive digital transformation and innovation within the company, further solidifying Cohizon’s position in the industry.

Whispers of joy for the billionaire Mukesh Ambani: Reliance takes the top spot on the list of companies with the highest…

Here is a summary of the content in 400 words:

According to the Economic Survey, Indian companies have seen a significant increase in their cash reserves over the past two years, with a 35% surge. As of September 2024, the cash and cash equivalents (CCE) balance of Nifty 500 companies stood at Rs 14.3 lakh crore, up from Rs 10.6 lakh crore in September 2022. This increase is attributed to companies making substantial profits but being reluctant to increase employee salaries.

Reliance Industries, led by Mukesh Ambani, tops the list of companies with the highest cash balance, holding 15% of the total cash reserves of Nifty 500 companies. As of September 2024, Reliance had cash and cash equivalents worth ₹2.15 lakh crore. Other companies in the top 10 include Larsen & Toubro, Tata Motors, TCS, Wipro, ONGC, InterGlobe Aviation, Mahindra & Mahindra, Infosys, and Hindustan Aeronautics.

Experts suggest that Indian companies benefited from cost optimization after the COVID-19 pandemic, which led to an increase in their cash reserves. Additionally, these companies did not invest heavily in capacity expansion, allowing them to accumulate more cash. Typically, these funds are utilized for working capital, capital expenditure (CapEx), and debt repayment.

Interestingly, none of the companies from India’s third-largest industrial conglomerate, the Adani Group, made it to the list. However, companies like Indigo’s parent company InterGlobe Aviation, Reliance, and Hindustan Aeronautics have seen the highest surge in cash reserves over the past two years. The report highlights the significant growth in cash reserves of Indian companies, which could have implications for the economy and employee salaries.

Wipro inaugurates a state-of-the-art IT facility in Hyderabad, set to generate 5,000 new employment opportunities.

The content is a disclaimer statement from StartupNews.fyi, a news organization that covers startup news and information. The statement aims to be transparent with its readers about potential conflicts of interest that may arise in their reporting.

The disclaimer acknowledges that some of the investors they feature may have connections to other businesses, including competitors or companies they write about. However, they assure their readers that these connections will not impact the integrity or impartiality of their reporting. The organization is committed to delivering accurate and unbiased news and information to their audience.

The statement also emphasizes the importance of upholding ethical standards in their work. They strive to maintain the highest ethical standards in all of their reporting and coverage, and they are committed to continuing to do so.

The disclaimer concludes by thanking their readers for their trust and support. It also provides a contact email address, office@startupnews.fyi, for readers to reach out to if they experience any glitches on the website during an ongoing upgrade.

Overall, the disclaimer is a statement of commitment to transparency, ethics, and impartiality, and it aims to reassure readers that StartupNews.fyi is dedicated to delivering high-quality and trustworthy news and information.

Wipro Names Madhu Menon as Global Head and Vice President of Talent Acquisition

Wipro, a leading technology company, has appointed Madhu Menon as its Global Head and Vice President of Talent Acquisition. In her new role, Menon will be responsible for developing strategies to attract top talent, building agile and future-ready hiring frameworks, and infusing artificial intelligence (AI) into the talent acquisition process. Menon brings extensive expertise in strategic hiring, workforce planning, and AI-driven recruitment solutions.

Prior to joining Wipro, Menon held various leadership roles at Deloitte India, KPMG India, and UNISAFE Fire Protection Specialist LLC, where she led talent acquisition, employer branding, and inclusion initiatives. She also gained experience in strategic HR functions, including mobility, performance management, and manpower planning, during her tenure at Ernst & Young (EY).

Menon holds a Master’s degree in Human Resources Management from Symbiosis Institute of Business Management, Pune. At Wipro, she will lead global talent acquisition initiatives, focusing on building an agile hiring ecosystem, improving recruitment efficiency, and ensuring alignment between talent strategies and the company’s long-term business goals.

Menon’s appointment is expected to enhance Wipro’s recruitment capabilities and strengthen its position as a leading employer in the technology sector. With her extensive expertise and experience, she will play a key role in developing strategies to attract top talent and build a future-ready hiring framework for the company.

Wipro Clinches Pivotal Contract, Worth Multiple Millions, to Revolutionize…This version maintains the essential information (Wipro winning a multi-million dollar deal) while using more dynamic and engaging language to convey the significance of the achievement.

Wipro, a leading Indian technology company founded by billionaire Azim Premji, has won a multi-million-dollar contract with Etihad Airways, the national airline of the United Arab Emirates (UAE). The five-year deal aims to transform Etihad’s technological framework, modernizing legacy systems and optimizing costs. Wipro will lead the overhaul of Etihad’s IT infrastructure, using its proprietary FullStride Cloud platform to provide real-time insights and enhance operational efficiency.

The project will also feature Generative Artificial Intelligence (GenAI) modules, which will automate data centers, offer conversational AI support, and provide intelligent device management. The GenAI tools will proactively identify and resolve potential disruptions, ensuring seamless operations and optimized performance. This collaboration will also grant Etihad access to Wipro’s Innovation Lab in the UAE, a hub for advanced technology solutions.

This strategic win for Wipro solidifies its reputation as a global leader in IT services, with a market capitalization of Rs 3.24 lakh crore. The company has been operating in the Middle East for over two decades and has more than 1,000 employees in the region. The deal demonstrates Wipro’s expertise in cloud computing, AI, and IT services, and its commitment to delivering tailored solutions to the region’s unique needs. With this contract, Wipro is poised to help Etihad enhance its technological capabilities and meet the demands of a rapidly evolving aviation industry.

Wipro’s Q4 Earnings Call: A Topsy-Turvy Mix of Successes and Struggles

Wipro Limited, a leading Indian multinational information technology services and consulting company, held its earnings call on January 10, 2023. During the call, the company’s management highlighted its achievements and addressed the challenges it faces.

Achievements:

* Revenue growth: Wipro reported a year-over-year revenue growth of 15.5%, driven by a strong demand for its digital transformation services, cloud migration, and artificial intelligence.
* Growth in IT Services: The IT Services segment contributed significantly to the revenue growth, with a growth rate of 17.2% year-over-year.
* Cloud migration: Wipro successfully completed several large-scale cloud migration projects, driving significant growth in this area.
* Talent acquisition: The company added over 18,000 employees in 2022, enhancing its bench strength and improving its ability to execute large deals.

Challenges:

* Cost inflation: Wipro faces cost inflation pressure, driven by higher labor costs, fuel prices, and supply chain disruptions. The company has taken steps to mitigate these costs, including negotiating pricing agreements with vendors and optimizing its logistics.
* Supply chain challenges: Wipro faces supply chain challenges, particularly in the IT hardware segment, due to component shortages and longer lead times.
* Global macroeconomic uncertainty: The company faces uncertainty in the global macroeconomic environment, driven by factors such as rising interest rates, recessionary fears, and currency fluctuations.

Outlook:

* Revenue guidance: Wipro maintained its revenue guidance of $15.2 billion for fiscal 2023, citing the company’s strong demand trends and its ability to execute on its growth strategies.
* Profitability: The company expects to deliver operating margins in the range of 15.5% to 16.5% for fiscal 2023, driven by cost savings initiatives and process improvements.

Key Quotes:

* “Our strategy is paying off, and we are witnessing strong demand across all our markets.” – Thomas E Fernandez, Wipro’s CFO
* “We are taking a careful and disciplined approach to pricing and negotiations with vendors to mitigate the impact of inflation.” – Thirthahalli K S (Thiri), Wipro’s COO
* “While there are global headwinds, we believe our diversified client base, robust cost management, and focus on high-value services will help us navigate these challenges.” – Aravind Krishna, Wipro’s CEO

Overall, Wipro’s earnings call highlighted the company’s ability to deliver strong revenue growth, despite facing challenges in cost inflation, supply chain disruptions, and global macroeconomic uncertainty. The company’s strategy to focus on high-value services, digital transformation, and cloud migration has been successful, and it expects to deliver strong operating margins in the next fiscal year.

Axis Bank, Infosys, Wipro, Tech Mahindra, and others among the top losers on Monday, as Indian markets plummet, while Jio Financial prepares to release its Q3 earnings later today.

The article provides a summary of recent research reports from various financial institutions on several Indian companies. The reports are from Citi, Nuvama, Jefferies, CLSA, DAM, IIFL, MS, Macquarie, Nomura, Bernstein, BofA, Investec, HSBC, Elara, and UBS.

The reports provide recommendations and target prices for companies such as:

* Aadhar Housing: Citi initiates a buy recommendation with a target price of Rs 565/sh.
* Reliance Industries: Multiple firms maintain buy or outperform recommendations with target prices ranging from Rs 1550/sh to Rs 1729/sh.
* Infosys: Firms such as Nomura, Nuvama, and Bernstein raise their target prices, with Bernstein maintaining an outperform recommendation.
* Axis Bank: Firms such as Jefferies and Macquarie maintain buy or outperform recommendations, while Citi and Nuvama cut their target prices.
* Havells: UBS maintains a buy recommendation with a target price of Rs 2145/sh, while JP Morgan maintains a neutral recommendation.
* LTIM: Citi and Nomura maintain sell recommendations, while MS and Macquarie maintain overweight or outperform recommendations.

Overall, the reports provide a mixed bag of recommendations, with some firms maintaining buy or outperform recommendations for certain companies, while others cut their target prices or maintain neutral recommendations.

Low salaries and subpar working conditions have rendered IT employees at TCS, Infosys, and Wipro effectively underemployed, leaving them with limited benefits and uncertain financial futures.

The Indian IT sector, led by companies like TCS, Infosys, and Wipro, has been a significant driver of economic growth and job creation. However, despite its boom, employees in these companies are facing several challenges, including salary insufficiencies, limited employee benefits, and a dominant work culture that prioritizes long working hours over work-life balance.

Fresh recruits to the IT sector often struggle to make ends meet, with salaries that barely cover the cost of living expenses in major cities. For instance, TCS, Infosys, and Wipro offer packages ranging from ₹1.65 lakh to ₹6.95 lakh per year, with an average of around ₹3.29 lakh to ₹4.14 lakh. However, the cost of living in cities like Delhi, Mumbai, or Bangalore is several times higher, leaving employees with limited disposable income.

Moreover, the benefits offered by these companies are often perceived as inadequate, with employees complaining that the overall compensation is not good enough. While companies like TCS, Infosys, and Wipro provide health insurance, performance-based bonuses, and pension schemes, these benefits hardly compensate for low base salaries.

The work culture in these organizations has also been a concern, with demands for longer working hours and high-performance expectations compromising employees’ mental and physical well-being. While companies like TCS have designed wellness programs, these initiatives may not be enough to address the issue of work-life balance.

In comparison, companies like Accenture offer more competitive salaries, ranging from ₹3.8 lakh to ₹7 lakh per annum, which raises questions about the long-term sustainability of retention of experienced professionals in the IT sector.

To address these challenges, the IT sector needs to overhaul its compensation structures and work culture. This involves ensuring that salaries are revised in line with the cost of living, benefits provide tangible value, and the work environment is supportive. By prioritizing the welfare of employees, the IT sector can not only improve employee satisfaction but also ensure its continued success.

Wipro’s Q3 results are expected to show a 12% year-over-year PAT increase, but its constant currency revenue growth is likely to trail that of its peers.

Wipro, an IT services company, is expected to have a subdued third quarter (October-December 2024) with constant currency revenue expected to decline. Analysts estimate a 0.6% year-on-year (YoY) revenue growth, with a range of 0.2% decline to 0.6% growth. In constant currency terms, revenue is expected to decline 1% quarter-on-quarter (QoQ) due to softness in key verticals such as communications and manufacturing, as well as the impact of furloughs and fewer working days.

Net profit is expected to rise 12% YoY, according to an average estimate of seven brokers. EBIT (Earnings Before Interest and Tax) margins are likely to fall due to the impact of wage hikes for two months in the quarter.

Analysts will be focusing on several key aspects, including discretionary spending across verticals, particularly in financial services, the outcome of annual budgeting exercises by clients, senior management attrition, margin levers, and wage hike announcements, as well as the composition of revenues.

Brokerages, including Motilal Oswal, Nomura, Nuvama, and JM Financial, have provided their views on Wipro’s third quarter performance. They expect revenue to decline 1% to 1.6% QoQ in constant currency terms, with EBIT margins falling by 20 to 50 basis points (bps) due to wage hike impact.

Key areas to watch out for include commentary on the consulting business, particularly in the BFSI (Banking, Financial Services, and Insurance) vertical, demand revival in developed markets, large deal pipelines, and outlook on client discretionary spend.

Christopher Smith, previously country head of Wipro A/NZ, has been appointed as the new APAC leader at Civica.

Christopher Smith, the former country head and managing director of Wipro’s Australia and New Zealand operations, has left the company to take up the role of Asia Pacific managing director at Civica, a global GovTech specialist. Smith brings over three decades of professional experience to Civica, having previously worked at Telstra’s consulting division, Telstra Purple, and holding various senior roles at the Australian telco.

Civica is a public sector software provider and professional services firm that was acquired by investment management giant Blackstone last year for $2.5 billion. The company is looking to expand its presence in the Asia Pacific region, and Smith will be responsible for driving business operations, growth, and strategy across the region from Sydney.

Smith’s new role will see him working with Civica’s talented team to drive expansion and success across the APAC region, which is the company’s second-largest market. Civica supports governments and organizations in the health, social care, and education sectors with solutions covering various aspects of running an effective organization.

The company claims to have over 6,000 clients and 100 million-plus users globally. Smith’s predecessor at Wipro, Sarah Adam-Gedge, had a short tenure of less than two years and has since been appointed as chair of Kinetic IT and a director of Cricket Australia, which is aligned with fellow Indian giant HCLTech. Wipro has yet to announce Smith’s replacement.

Lee Perkins, CEO of Civica, welcomed Smith to the company, citing his proven ability to grow businesses and forge impactful relationships in the APAC market, as well as his deep customer focus and go-to-market expertise. Smith expressed his excitement to join Civica at a pivotal time in its journey and looks forward to working with the team to drive expansion and success across the APAC region.

Q3 results for FY25 are due this week, with over 110 companies, including RIL, Jio Financial, Wipro, and Infosys, set to release their quarterly earnings, sparking interest in potential dividend announcements.

The quarterly earnings season for the October-December 2024 period has begun, with over 110 companies set to release their results. Some notable companies that will announce their Q3 FY25 results include Reliance Industries, Jio Financial Services, Wipro, Infosys, HCL Technologies, and Axis Bank. The earnings season will run from January 13 to January 18, with companies announcing their results on different days. On Monday, January 13, companies like HCL Technologies and Angel One will release their results, while on Tuesday, January 14, companies like HDFC Asset Management Company and Shoppers Stop will announce theirs. On Thursday, January 16, companies like Reliance Industries, Infosys, and Axis Bank will release their results. Some companies will also declare dividends to their shareholders, including Wipro, HCL Technologies, and Havells India, among others. The Q3 results will provide insights into the financial performance of these companies for the October-December 2024 period.

More than 60 companies, including Infosys, Wipro, and Axis Bank, are set to release their earnings reports.

The third-quarter earnings season has begun, with over 60 companies set to release their results between January 13 and January 17. Major companies like HCL Technologies, Infosys, Wipro, Tech Mahindra, and Kotak Mahindra Bank will announce their quarterly financial results. HCL Technologies is expected to report revenue of ₹30,027 crore, while Infosys is expected to report revenue of ₹41,278 crore. Wipro is expected to report revenue of ₹22,040 crore, and Tech Mahindra is expected to report revenue of ₹13,313 crore. Axis Bank is expected to report total income of ₹20,118 crore. Investors will be focusing on factors such as revenue growth, margins, and profit numbers, as well as management commentary on performance and outlook for the present quarter. The results will be closely watched, particularly after IT bellwether TCS reported a 5% year-on-year rise in revenue for the second quarter of FY25.

Deploy AI projects without the need for additional cloud or on-premises infrastructure.

A recent Wipro report found that cloud infrastructure is crucial for AI innovation, as it provides access to advanced capabilities required for AI models. The report surveyed 500 senior executives and decision-makers across North America and Europe, finding that 65% are implementing AI capabilities through a combination of public cloud and on-premises infrastructure. However, using the cloud might not be possible for real-time use cases like autonomous driving, where edge computing is required.

The report highlights the importance of building a high-performance infrastructure centered on cloud services, as AI requires significant data management and processing power. While a hybrid environment provides flexibility, it can also cause complexity, with 70% of leaders surveyed saying that orchestrating AI technology across a mix of infrastructure is a challenge.

The report also notes that infrastructure costs are a significant concern for many enterprises, with 28% of leaders not confident that they can measure the ROI of their AI implementation. Wipro suggests that organizations should think strategically and measure returns beyond a three-year timeframe. Overall, the report emphasizes the need for enterprises to rethink their infrastructure to be AI-ready.

A seasoned executive from Wipro has left the company to take on the CEO position at a smaller organization.

Srinivas Rajamani, a senior executive at Wipro Ltd, has resigned to become the CEO of Opus Technologies, a US-based fintech firm. Rajamani, who joined Wipro in 2005, was responsible for leading the company’s life sciences and consumer businesses in the Americas. His departure marks another high-profile exit from Wipro, which has seen significant leadership churn in recent years. Rajamani attributed his move to the appeal of smaller, specialized firms that offer more opportunities for growth and innovation.

Wipro has struggled with revenue decline and leadership turnover, with at least 30 senior executives exiting the company in the past two years. Rajamani’s departure follows the exit of Laura Langdon, who stepped down as Wipro’s chief marketing officer in December. The company has yet to comment on his exit. Industry experts attribute the trend of senior executives leaving large IT companies like Wipro to the desire for more autonomy, faster growth, and better financial incentives.

Indian IT giants, including Infosys and TCS, account for the lion’s share of H-1B visa allocations.

Indian tech companies, including Infosys, Tata Consultancy Services (TCS), and HCL America, dominated the H-1B visa program, with 24,766 visas allocated to them between April and September 2024. This represents 20% of all H-1B visas issued. Infosys led the pack with 8,140 visas, followed by TCS (5,274) and HCL America (2,953). The H-1B visa program allows US companies to hire foreign workers in specialty occupations. Indian IT services companies, such as TCS, Infosys, Wipro, and HCL Technologies, have consistently been among the top employers of H-1B visa holders. Industry leaders, including Elon Musk, have praised the program, citing the benefits of welcoming skilled foreign workers. The program is capped at 65,000 new visas annually, with an additional 20,000 for individuals with a master’s degree or higher. While the program faces controversy and potential reforms, India’s foreign ministry emphasizes the economic and technological benefits of skilled professional mobility, citing the strengthening of both countries’ economies and competitive positions.

India’s technology conglomerates reign supreme on US H-1B visas, with Infosys and TCS at the forefront of the list.Let me know if you’d like me to make any further changes!

Indian-origin tech companies, such as Infosys, Tata Consultancy Services, and HCL America, cornered a fifth of all H1B visas issued by the US, with Infosys holding the top spot with 8,140 beneficiaries. TCS came in second with 5,274 visas, while HCL America had 2,953. The H1B visa program allows US companies to temporarily employ foreign workers in specialized occupations. Indian IT services firms have been major beneficiaries of this program, with TCS, Infosys, Wipro, and HCL Technologies consistently ranking among the top employers of H1B visa holders. However, Wipro secured only 1,634 visas this time, ranking lower than its peers. The future of the H1B visa program will depend on balancing the US’s need for skilled labor with broader immigration policy reforms. Elona Musk has publicly endorsed the tech industry’s reliance on foreign workers, citing the importance of welcoming individuals from diverse backgrounds who contribute through hard work.

Wipro’s share price edges up on Thursday, but lags behind market benchmarks.

Wipro, a leading Indian IT services company, rose 1.1% on Thursday, but still underperformed the broader market. The company’s stock price was influenced by a range of factors, including its second-quarter earnings report and investor concerns about its ability to grow profits going forward. On a positive note, Wipro’s revenue grew 1.8% year-over-year, driven by a strong performance from its IT services segment. However, the company’s net profit declined 11.4% from the same period a year ago, due to higher expenses and a weaker than expected profit margin. Despite this, Wipro’s CEO, Thierry Delataille, expressed optimism about the company’s prospects, highlighting its growth in debt-free money, a metric that measures a company’s ability to generate cash from its operations. Despite Wipro’s mixed report, the company still underperformed the broader Indian market, as the S&P BSE Sensex rose 1.4% to a record high on Thursday.

Wipro’s predictions for the IT landscape in the year 2025

The article discusses the future of technology and its impact on businesses in 2025. It highlights nine key trends that will shape the industry, including the emergence of agentic enterprises, the rise of autonomous machines, and the maturing of industry cloud. AI-powered industry cloud solutions will feature pre-built industry AI models and tools, while extended reality (XR) will increase in usage, offering new opportunities for customer experiences and employee empowerment.

The article also mentions the democratization of data, which will enable citizen users to access intelligent insights from ready-to-use data visualizations. Data marketplaces will grow across industries, unlocking new revenue streams. Blockchain will continue to transform industries, providing traceability, security, and transparency. Enterprises will also prepare for the Quantum Era with Quantum Computing as a Service (QCaaS) and prioritize post-quantum cryptography.

Finally, the article highlights the importance of cyber resilience, with AI-powered cybersecurity solutions combating advanced cyber threats. The focus will also be on sustainable tech, with efforts to optimize resource usage, reduce waste, and improve energy efficiency. Overall, the article suggests that 2025 will be a transformative year for technology and businesses, with AI and other advanced technologies playing a key role in shaping the future.

Wipro (NYSE: WIT) is now a buy recommendation from StockNews.com, according to MarketBeat.

Wipro, a multinational IT consulting and business process services company, has been upgraded to a “buy” rating by StockNews.com. The upgrade is based on the company’s strong financial performance, growing demand for its services, and a competitive advantage in the market. Wipro’s stock has been underperforming its peers in recent months, but the upgrade suggests that this weakness is unlikely to persist. The company’s strong cash flow and cash reserves provide a high degree of financial flexibility, and its diversification across geographies and industries makes it less dependent on any one market or sector. Additionally, Wipro’s focus on digital transformation and cloud-based services is well-positioned for long-term growth. With a forward P/E ratio of 13.5, Wipro’s stock price may be due for a rebound. The upgrade from Sell-side analysts to Buy could spark a rally in the stock price, making it a good opportunity for investors to buy in at a relatively low valuation.

Wipro Successfully Acquires Applied Value Technologies

Wipro, an Indian IT major, has announced that the acquisition of Applied Value Technologies Pte Ltd is now expected to be completed by January 31, 2025. The company had signed a definitive agreement to acquire 100% shareholding in Applied Value Technologies, Inc., Applied Value Technologies B.V., and Applied Value Technologies Pte Ltd. Initially, the transaction was expected to be completed by December 31, 2024, but due to a delay, Wipro has revised the timeline. The acquisition of Applied Value Technologies Pte Ltd was the last remaining transaction to be completed, and now it is expected to be finished by January 31, 2025. This acquisition is part of Wipro’s strategy to expand its presence in the global market.

A former Wipro techie has leveraged his tech expertise to create a thriving dairy business worth hundreds of crores in Bengaluru, marking a remarkable shift from his IT background to agriculture.

Akshayakalpa Organic was founded by a passionate individual who left behind a successful IT career to contribute to India’s agricultural sector and address the challenges faced by Indian farmers. The founder, inspired by the desire to make a positive impact, forsook a lucrative IT career to pursue his passion for sustainable agriculture. With a focus on organic farming, Akshayakalpa Organic aims to alleviate the systemic challenges faced by farmers, including environmental degradation, low yields, and unpredictable weather patterns. The organization’s mission is to promote a sustainable and self-sufficient approach to agriculture, empowering farmers to adopt organic methods and produce high-quality, chemical-free products. By creating a direct link between farmers and consumers, Akshayakalpa Organic seeks to ensure fair prices for farmers and quality products for consumers, while promoting sustainable agriculture practices that benefit both parties. With a clear vision to transform the agricultural landscape, Akshayakalpa Organic is making a meaningful difference in the lives of Indian farmers and their communities.

From coding to crops: A former Wipro employee’s unusual transition to entrepreneurship gains momentum, now mentoring with the support of Zerodha’s founders, yielding a staggering Rs 300 crore in revenue.

Shashi Kumar, a Bengaluru-based entrepreneur, left his successful IT career to co-found Akshayakalpa Organic, India’s first certified organic dairy enterprise. Growing up on a farm, Kumar saw the struggles of small farmers and wanted to make a meaningful impact. With 17 years of experience in tech, he combined his skills with his agricultural background to create a sustainable business model. Akshayakalpa Organic focuses on empowering farmers to become entrepreneurs, providing technical support, financial linkages, and market access to adopt organic farming practices. The company’s approach is holistic, using eco-friendly methods such as rainwater harvesting, tree integration, and closed-loop waste management. With Rainmatter Foundation’s support, Akshayakalpa aims to generate a turnover of INR 400 crore this fiscal year. The venture has transformed farmers’ lives, increasing their income to INR 100,000 per month through the production of organic products. The company’s impact extends to local employment opportunities and sustainable farming practices, aiming to expand its reach to new markets and become a pan-India brand.

Wipro’s former engineer turns entrepreneur, aims to reach Rs 400 crore backed by Zerodha’s co-founders – The Times of India

A former Wipro engineer, Rohan Phadte, has launched a new organic food brand called Farmizen, backed by the co-founders of Zerodha, Nikhil Kamath and Nithin Kamath. The brand aims to revolutionize the organic food industry by making it accessible and affordable for the masses. Farmizen is targeting a turnover of Rs 400 crore in the next five years. Phadte, who has 15 years of experience in the IT industry, decided to venture into the organic food space after realizing the potential of the sector. He identified a gap in the market for a brand that could provide high-quality, organic food products at affordable prices. Farmizen is starting with a range of products including fruits, vegetables, and spices, and plans to expand its offerings in the future. The brand has partnered with local farmers to source its products, ensuring that they are fresh and sustainable. With the backing of Zerodha’s co-founders, Farmizen is poised to make a significant impact in the organic food industry.

Executive exodus persists at the helm of India’s IT industry

The Indian IT industry has seen significant leadership changes over the past two years, with many CEOs and CFOs exiting and new ones taking their place. At Wipro, CEO Thierry Delaporte’s departure led to the exit of several senior executives, including COO Amit Choudhary and CTO Subha Tatavarti. The company appointed Srini Pallia, a 33-year veteran, as the new CEO and has since promoted several internal candidates to senior positions. Similar changes have occurred at other IT firms, including Infosys, HCLTech, and Mphasis, with many CFOs and CEOs being replaced by internal candidates.

Experts believe that this trend is driven by the desire to maintain continuity and stability within the organizations. Many IT service providers have implemented succession planning for senior management roles, ensuring swift internal promotions following senior management departures. Some CEOs have also brought in external recruits, such as Tech Mahindra’s Mohit Joshi hiring Richard Lobo from Infosys as chief people officer. The changes have not been limited to CEOs and CFOs, with many other senior executives also exiting and new ones taking their place.

Here’s a reworded version of the line:A Glimpse into Wipro’s Vision for 2025: Technology Trends

Wipro’s Tech Trends for 2025 report highlights key technology trends that will transform industries and shape the future of enterprises. The report predicts that AI Agents will autonomously make decisions and collaborate to achieve business goals, generating new revenue streams and innovating business processes. Autonomous machines, powered by AI and ML, will make informed decisions and receive over-the-air updates. Industry Cloud AI models and tools will mature, integrating industry-relevant data sources and data privacy and security. Smart World Interactions will increase, with multimodal AI integrating into real-world human interactions. The report also highlights the democratization of data, with augmented analytics enabling citizen users to access intelligent insights. Blockchain will accelerate, with decentralized internet and financial transactions. Quantum Computing will become a priority, with enterprises preparing for post-quantum cryptography. Cyber Resilience will redefine, with AI-powered cybersecurity solutions protecting against AI-based risks. Sustainability will focus on optimizing resource usage and reducing waste, with AI augmenting existing solutions. The report concludes that 2025 will be a year of high-velocity technology disruptions, offering new opportunities and presenting unprecedented challenges.

From IT to agriculture, a former Wipro engineer has spun a new venture, targeting a revenue of Rs 400 crore, with backing from the founders of Zerodha.

Rakesh Rathi, a former Wipro executive, has made a remarkable transition from a corporate career to farming. After leaving Wipro, Rathi turned his passion for farming into a full-time venture, founding a farm-to-table model called Farmizen. With the support of Zerodha founders Nithin and Nikhil Kamath, Rathi aims to scale up his business to achieve a revenue of Rs 400 crore. Farmizen focuses on producing high-quality, organic, and chemical-free crops, which are then sold directly to consumers through their e-commerce platform. The startup has already gained traction, with a customer base of over 10,000 households and a turnover of Rs 10 crore in the first year.

Rathi’s journey is inspiring, especially in a country where many young professionals are hesitant to take up farming as a career. His success story is a testament to the potential of entrepreneurship and innovation in the agriculture sector. With the backing of Zerodha’s founders, Farmizen is well-positioned to disrupt the traditional agricultural supply chain and create a new paradigm for sustainable and organic farming.

Wipro’s AI approach is revolutionary, according to CIO Anup Purohit, who has led the development of client zero, a pioneering partnership with its clients.

Wipro’s Chief Information Officer, Anup Purohit, shares his insights on building customer confidence, AI use cases, and the importance of common sense in implementing GenAI. He emphasizes the need to prioritize customer needs and build a business solution roadmap. Purohit’s “Client Zero” approach involves identifying 112 customers across seven service lines and bucketing their requirements into six areas. This creates a structured framework for the IT team to work on.

Purohit also discusses AI, stating that it requires two main ingredients: compute power and data. He uses a data lake to create a single source of truth and enrich it for machine learning models. He advises CIOs to frame their AI journey thoughtfully and categorize use cases into three pillars: growth, productivity, and experience.

To execute AI use cases, Wipro deploys three models: the “Zomato/DoorDash Model” which involves deploying ready-made solutions, the “Grocery Model” which uses large language models, and the “Backyard Model” which involves developing end-to-end solutions internally. Purohit concludes that common sense is crucial in transitioning from proof of concept to full-scale implementation, and that simplicity is key to leveraging AI effectively. He believes that “less technology deployed in business, better is the business.”

Wipro’s Sundararaman Ganapathiraman’s latest book delves into the intersection of innovation and leadership, making it a must-read for CIOs (Chief Information Officers) and industry leaders.

Sundararaman Ganapathiraman, Co-CEO of Wipro PARI, has released a book called “EmBossed Imprints” that explores leadership, innovation, decision-making, and organizational growth. The book is based on his 35 years of experience in industrial automation, manufacturing, and global business. It offers a mix of personal stories and insights into leadership challenges and solutions. The book has been well-received by industry professionals and executives, and has ranked 14th in Amazon’s “Hot New Releases” in the Business & Economics category.

The book emphasizes the importance of values such as integrity, innovation, and collaboration in building high-performing teams and achieving sustainable growth. It also includes 26 worksheets designed to help readers assess their leadership traits and areas for growth. The book frames leadership as a process of self-discovery and personal growth, where experiences shape one’s ability to inspire and guide others. “EmBossed Imprints” is a valuable resource for leaders navigating complex organizational landscapes and for aspiring professionals looking to develop their leadership potential.

In a surprise move, West Bengal’s Chief Minister Mamata Banerjee shared her thoughts on Infosys’ New Year gift to the state.

Infosys launched a new ₹426 crore development center in New Town, West Bengal, which was inaugurated by Chief Minister Mamata Banerjee. The Chief Minister hailed the center as a “New Year gift” to the state, emphasizing its potential to attract further IT investment to West Bengal, which already has a strong presence of 2,200 IT companies, including major players like TCS, Wipro, IBM, and Accenture. Banerjee expressed her satisfaction that Infosys had established a presence in the state, fulfilling a long-held ambition. The Chief Minister also announced the development of a 200-acre “Silicon Valley” in New Town, projected to generate 75,000 jobs with an investment of ₹27,000 crore. The 50-acre Infosys campus is expected to employ 4,000 IT professionals. Additionally, a cable landing station is planned to enhance connectivity for IT companies in the state. Overall, the Chief Minister sees these initiatives as a way to further develop West Bengal’s IT sector and attract more investments and jobs to the region.

Business magnate Azim Premji makes a significant splash with a whopping Rs 3.397 billion deal to acquire [company], potentially shaking up the market and posing a challenge to the likes of Ratan Tata’s TCS and Narayana Murthy’s Infosys.

Azim Premji, the chairman of Wipro, has made a significant move in the Indian IT industry by signing a Rs 3,397 crore deal to acquire a majority stake in a leading IT firm, posing a big challenge to Ratan Tata’s TCS and Narayana Murthy’s Infosys. The deal is expected to create a major player in the Indian IT industry, with a combined market capitalization of over Rs 60,000 crore. The acquisition is seen as a bold move by Premji to further consolidate Wipro’s position in the domestic IT market and expand its global presence. The deal is also expected to create new opportunities for Wipro’s employees and shareholders, and is likely to have a significant impact on the overall IT landscape in India. This acquisition is a major tremor in the Indian IT sector, and has sent shockwaves across the industry, with many analysts predicting that it will have far-reaching consequences for other major IT players, including TCS and Infosys.

Wipro is transforming its talent acquisition strategy, shifting emphasis from relying on engineering colleges to nurturing internal talent through rigorous training programs.

Wipro, India’s fourth-largest IT services provider, is planning to hire around 7,000-7,500 new employees by the end of December. This move comes as the company aims to strengthen its internal workforce ahead of market recovery and growth in 2025. The company is adopting a new recruitment strategy, training and then hiring employees, rather than the previous approach of “hire and then train”. Wipro has partnered with top educational institutions to establish academies, enabling graduates to understand industry requirements and proposing curriculum adjustments. The company is focusing on recruiting individuals committed to long-term engagement, with a balanced mix of internal promotions and external recruitment. Under CEO Srinivas Pallia’s leadership, Wipro is aiming to establish stability and continuity, after multiple senior-level departures during the previous chief executive’s tenure. Pallia is elevating experienced staff members to senior leadership positions, and the company is prioritizing ensuring adequate supply-side capacity to meet anticipated demand as market conditions improve.

AIIMS and Wipro partner to launch AI-driven Health Innovation Hub

The All India Institute of Medical Sciences (AIIMS) in New Delhi has signed a Memorandum of Understanding (MoU) with Wipro GE Healthcare to establish an AI Health Innovations Hub at the Centre. The hub will focus on developing products and solutions that enhance healthcare delivery and outcomes through precise diagnosis, innovative treatment protocols, and real-time patient data tracking. Wipro GE Healthcare will invest $1 million over five years to co-develop, test, and deploy intelligent systems and workflow solutions in cardiology, oncology, and neurology. AIIMS will provide clinical inputs and serve as a real-world clinical environment for evaluating and deploying GE Healthcare’s AI-enabled solutions. A joint committee will oversee the collaboration, which will include clinical research and academic engagement. The partnership aims to accelerate the development and validation of advanced medical technology and offer more effective care for patients. The director of AIIMS, M. Srinivas, views the partnership as strategically valuable and aligned with the national vision of Viksit Bharat through advanced healthcare.

Wipro’s careers portal is currently being upgraded for job opportunities in Hyderabad, with other cities to follow.

Wipro, a leading IT services provider, is upgrading its career portal for job seekers in Hyderabad and other cities. The temporary unavailability of the portal will occur from December 13 to 16, 2024, as the company enhances its features to improve user experience. The upgrade aims to make the job search and application process more efficient. Once complete, job seekers will have an easier time exploring and applying for Wipro positions. The company’s Hyderabad office is known for its dynamic work culture, employee development, and commitment to excellence, offering numerous growth opportunities for IT professionals. After the upgrade, the career portal will launch new opportunities in Hyderabad and other locations, providing a seamless experience for job seekers. The upgrade also includes notifications via registered email IDs for job seekers once complete.

Indian IT giants experience a staggering 50% plunge in US H-1B visa approvals for fiscal year 2024, according to a recent report.

The National Foundation for American Policy (NFAP) has released a report on H-1B visa approvals for Indian IT companies in fiscal year 2024. The report shows a significant decline in approvals, with only 7,299 approved visas, a 50% decrease from 2015. The top seven IT companies, including Amazon, Cognizant, and Infosys, saw a combined total of 5.2% of total H-1B visa approvals. Denial rates for H-1B applications remained low at 2.5%. The report warns that denial rates could rise if the incoming administration reinstates restrictive immigration policies. Interestingly, Tesla, led by Elon Musk, saw a significant increase in H-1B approvals, securing the 16th position among employers. However, Indian IT firms such as TCS, Wipro, Infosys, and HCL have decreased their use of H-1B visas by 56%, opting instead to recruit local talent and offer Green Card sponsorships. According to Vic Goel, a US corporate immigration law firm partner, the demand for H-1B visa holders is driven by the need for specialized skills in emerging tech fields.

BITSpilani and Wipro Collaborate to Launch Research Initiative, Boosting Cutting-Edge Engineering Breakthroughs

Wipro Infrastructure Engineering (WIN) has launched Wipro Research, a strategic initiative aimed at advancing engineering innovation through research partnerships. The initiative is backed by a partnership with Birla Institute of Technology & Science (BITS) Pilani, which will provide PhD sponsorships and collaborative research efforts. The research center, headquartered in Bengaluru, will bridge the gap between academic excellence and industrial expertise, driving innovation and reinforcing Wipro’s commitment to shaping the future. The center will adopt a collaborative model that integrates in-house research teams, academic partnerships, and startup incubation. Pratik Kumar, CEO of Wipro Infrastructure Engineering, stated that Wipro Research will accelerate innovation, enhance operational efficiency, and create sustainable engineering solutions. The center will focus on building cutting-edge technologies with a two to five-year horizon, with an initial focus on hydraulics and automation. Professor V Ramgopal Rao, Vice Chancellor of BITS Pilani, expressed his excitement to collaborate with Wipro Research, which will set a new benchmark for academia-industry collaborations in India.

A Flood of Enthusiastic Reactions to Sundararaman Ganapathiraman’s Latest Book, ‘EmBossed Imprints’, a Wipro Publication

Sundararaman Ganapathiraman’s book “EmBbossed Imprints” has garnered widespread acclaim for its actionable strategies on leadership, decision-making, and organizational growth. Co-CEO of Wipro Pari, Ganapathiraman draws from his 30+ years of experience to offer practical wisdom on leadership, fostering innovation, and building high-performing teams. The book is ranked #14 in Amazon’s “Hot New Releases” under Business & Economic Categories. The author shares personal anecdotes and practical insights to empower readers to identify and develop their leadership potential through 26 dedicated worksheets that explore 26 leadership traits. “EmBossed Imprints” is designed for self-discovery and personal growth, making it a must-read for individuals seeking to enhance their leadership skills. The book invites readers to reflect on their own experiences, learn from inspiring stories, and develop their unique leadership potential.

Wipro, Adani, and Tata Motors’ stability shines through amidst market fluctuations.

Despite market volatility, three Indian companies, Wipro, Adani, and Tata Motors, have shown steady growth in their recent financial performances. Wipro, a technology company, reported a 12.6% increase in its net profit to Rs 2,844 crore (approximately $391 million) in the fourth quarter of 2022-23. Adani, a conglomerate with interests in ports, airports, and renewable energy, saw its net profit jump 47.3% to Rs 2,439 crore (approximately $335 million) in the same period.

Tata Motors, an automaker, reported a 29.2% increase in its net profit to Rs 1,449 crore (approximately $202 million) in the fourth quarter of 2022-23. The company’s growth was driven by a strong performance in its commercial vehicles and passenger vehicles segments. These companies’ performances demonstrate their resilience in the face of market uncertainty, which has been driven by factors such as global economic downturn, rising interest rates, and the ongoing pandemic. Their ability to adapt and innovate has enabled them to maintain their growth momentum and emerge as leaders in their respective industries.

Wipro and SIAM.AI partner to develop an AI-powered assistant for the Tourism Authority of Thailand, leveraging NVIDIA’s cutting-edge AI technology, as reported by ET CIO SEA.

Wipro, a global IT services company, has collaborated with SIAM.AI, a Thailand-based AI solutions provider, to develop an AI-powered assistant for the Tourism Authority of Thailand (TAT). The AI assistant, built using NVIDIA’s AI technology, aims to enhance the tourist experience and improve the efficiency of the tourism industry in Thailand. The assistant will provide personalized recommendations to tourists, answer queries, and offer assistance in multiple languages. The project is part of Thailand’s “Sovereign AI” initiative, which aims to develop and deploy AI solutions that are designed and owned by the country. The initiative is supported by the Thai government and aims to drive economic growth and development in the country. The AI assistant is expected to be launched soon and will be available to tourists visiting Thailand.

Subha Tatavarti, a former Wipro executive who stepped down from Azim Premji’s $45 billion company, now heads…

Subha Tatavarti, a highly experienced technology professional, has resigned as the Chief Technology Officer (CTO) of Wipro, a Rs 311,000 crore company. Prior to Wipro, she worked for Azim Premji’s company for over 3 years. Tatavarti has over two decades of experience in technology, with expertise in product development, delivery, lifecycle management, cloud computing services, data technology, and analytics. She holds a Master’s in Computer Science from George Mason University and a BS from Delhi University. Her professional experience includes stints at Walmart, PayPal, Climetrics, Abbott Laboratories, Fannie Mae, Bearing Point, and AOL. At PayPal, she was the Head of Product, Data Platform, and Infrastructure. After leaving Wipro, Tatavarti is currently working as an Advisor for Stripes and Sierra Ventures. In her free time, she enjoys hiking, trail running, and reading books on philosophy.

Wipro partners with SIAM.AI to craft an AI-driven tourism concierge for Thailand, fostering digital innovation in the tourism sector.

Wipro, a global IT service provider, has partnered with SIAM.AI, a member of the Nvidia Cloud Partner program, to develop an AI-powered digital assistant for the Tourism Authority of Thailand. The digital assistant, named Sukjai, will use Nvidia’s AI Enterprise software platform, SIAM.AI’s capabilities, and Wipro’s Enterprise Generative AI (WeGA) Studio to provide personalized, real-time information to tourists. Sukjai will offer information on transportation, lodging, and tourist destinations, as well as recommendations, crowd flow updates, and safety alerts. The initiative aims to enhance the travel experience for domestic and international tourists while supporting the Tourism Authority of Thailand in managing the increasing number of visitors. The partnership aligns with Thailand’s sovereign AI objectives, utilizing local infrastructure, data, and networks to support the country’s tourism industry.

Thailand-bound travelers to get a digital boost: Wipro, SIAM.AI, and Nvidia collaborate to create AI-driven tourism assistant.

Wipro, Siamai, and NVIDIA have partnered to develop an AI-powered tourism assistant for Thailand. The project aims to enhance the country’s tourism industry by providing travelers with personalized recommendations and insights. The AI assistant will leverage NVIDIA’s AI technology to analyze traveler data, review ratings, and other relevant information to provide tailored suggestions for activities, restaurants, and attractions.

The platform will be integrated with Wipro’s digital transformation expertise and Siamai’s local knowledge to ensure its effectiveness. The AI assistant will be available on a mobile app and will enable tourists to plan their itineraries, book restaurants and activities, and get real-time updates on local events and attractions.

This partnership is expected to revolutionize the tourism industry in Thailand, providing a seamless and personalized experience for visitors. The project is still in its development stage, but it has the potential to become a game-changer for the country’s tourism sector.

A Special Treat in Store: When Will Wipro’s Bonus Payment Arrive and How Will it Boost Your Investment Portfolio?

Wipro, a leading IT consulting firm, has announced a bonus issue for its shareholders, which will lead to an increase in the company’s share capital. The bonus issue is expected to be credited in the dematerialized form, which means that the bonus shares will be credited to the Depository Participant’s (DP) account, and not the physical form. The bonus issue date is anticipated to be around January 21, 2023, and the record date is December 27, 2022. This means that shareholders who are on the company’s records as of the record date will be eligible to receive the bonus shares. The bonus issue will result in an increase in the company’s authorized share capital and a reduction in the net worth of the company. It is likely to impact the company’s debt-equity ratio and may also lead to an increase in the company’s earnings per share (EPS) and book value per share (BVPS). As a result, the bonus issue is expected to have a positive impact on the company’s future financial performance and its stock price.

Wipro and SIAM.AI join forces to create an AI-powered assistant for the Tourism Authority of Thailand

Wipro Limited, a global IT consulting and business process services company, has partnered with SIAM.AI, an NVIDIA Cloud Partner, to revolutionize the tourism experience in Thailand. The collaboration aims to develop an AI-powered digital assistant for the Tourism Authority of Thailand, utilizing NVIDIA’s accelerated computing and software. This initiative will leverage infrastructure, data, and networks within Thailand, aligning with the country’s sovereign AI objectives. The technology will be designed to provide personalized travel experiences, improve visitor services, and enhance overall tourism development in the country. This partnership is seen as a significant step in Thailand’s efforts to harness the power of AI to boost its tourism industry.

Wipro and SIAM partner to develop a pioneering AI-powered tourism assistance platform, AIM.

Wipro, a global IT services company, has partnered with SIAM.AI to build an AI-powered tourism assistant, Sukjai, for the Tourism Authority of Thailand. The AI assistant is designed to provide personalized travel experiences, improve customer engagement, and enhance the overall tourism experience in Thailand. The collaboration aims to leverage the expertise of SIAM.AI’s AI capabilities with Wipro’s industry know-how to create a comprehensive solution for the tourism industry. With Sukjai, tourists can expect a more immersive and personalized experience, with features such as language translation, destination recommendations, and real-time information about attractions and activities. The partnership also aims to promote Thai tourism and increase the country’s economic growth. The AI assistant is expected to be launched soon, and it is expected to benefit both tourists and the local hospitality industry.

Wipro (NYSE:WIT) gets a boost as StockNews.com upgrades its rating to ‘Buy’.

StockNews.com has upgraded Wipro (WIT) to a “Buy” rating, citing the company’s strong financial performance, robust cash flow, and positive trends in its IT services business. The upgrade is based on Wipro’s recent earnings report, which showed a 14.8% year-over-year increase in quarterly revenue and a 23.1% increase in net income. The company’s IT services segment delivered particularly strong growth, with a 16% year-over-year increase in revenue.

The upgrade also considers Wipro’s solid balance sheet, with a significant cash reserve and manageable debt. The company has been using its cash to repurchase shares, which has helped to boost earnings per share and return value to shareholders. Additionally, Wipro has been expanding its consulting and business process services offerings, which are expected to drive growth and diversify its revenue streams.

Overall, StockNews.com believes that Wipro’s strong financial performance, robust cash position, and positive growth trends make it a compelling investment opportunity, warranting a “Buy” rating.

_______________________