Wipro Share Price Live Updates: Wipro's beta showcases consistent performance
Join us on the Wipro Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about Wipro, including: Last traded price 250.14, Market capitalization: 261950.01, Volume: 11785042, Price-to-earnings ratio 19.94, Earnings per share 12.54. Our liveblog provides a well-rounded view of Wipro by incorporating both fundamental and technical indicators. Be the first to receive breaking news that can impact Wipro's performance in the market. Our expert analysis and recommendations empower you to make informed investment choices. Stay informed and stay ahead with the Wipro Stock Liveblog. The data points are updated as on 08:43:13 AM IST, 30 May 2025
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Time of India
2 hours ago
- Time of India
AI, transformation-led deals likely to fuel IT M&As: Experts
As the technology services industry navigates another year of business drought, AI, engineering and transformation-led projects are likely to fuel the appetite for acquisitions, experts say. Since the beginning of 2024, Infosys—India's second largest IT major— has made four acquisitions in engineering R&D and semiconductor design services space, including two announced in April in cybersecurity and energy consulting areas. Its smaller rivals HCLTech and Wipro acquired two firms each while LTIMindtree purchased in December. These came after a lull of almost no acquisitions in 2023. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo 'We expect more and more small AI specialists getting acquired by IT services firms,' said Ashutosh Sharma, research director at global firm Forrester Research India. 'This is a throwback to digital era when most service providers acquired a number of agencies and digital specialists. This will happen and continue over next 3-5 years.' According to data platform Tracxn, Infosys ' most active year in terms of acquisitions was 2015 with five acquisitions, while Wipro's was 2020 with six cumulative acquisitions. Over the past three years, both Bengaluru-headquartered IT majors averaged nearly one acquisition per year, it said. Bellwether TCS is the only exception with no acquisitions announced since 2020. Live Events Mid-sized players Coforge , Persistent Systems and Happiest Minds Technologies , among others, have made at least two acquisitions each, all are specialists either in data, engineering, analytics and/or software services with built-in AI, transformation and consulting capabilities. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The acquisitions come at a time when software service providers are struggling to grow revenue base amid subdued demand and uncertain macro environment. Analysts believe that industry players with higher cash reserves could eye building expertise and also scale up inorganic route amid continuing caution around tariff-led impact on organic business demand. 'We are in a period where IT majors need to execute on a dual mandate of perform and transform,' said Prashant Shukla, vice president at technology-focused research and advisory firm Everest Group. He said while conventional thinking would suggest a cautious approach to acquisitions in FY26 amid mounting margin pressures and uncertainty (balance short-term performance), some companies are using this as an opportunity to acquire assets cheaper for their capability 'transform' efforts. According to other experts, this is also a period when mid-cap companies have been outperforming the larger peers and could be readying for consolidation. 'Tier-1 IT companies have been lagging on growth and commentary. But our mid-cap IT players have actually shown more agility in their thought process leadership… they are representing a very different market outlook,' said Shobhit Jain, MD and head, enterprise, technology & services for investment banking at Avendus Capital. In the broader market, M&A remains an important theme across the board. 'Even when companies have exhibited flat growth, we have not traded any asset below a 3x revenue multiple over the last 3-4 years, and I don't see that changing,' the banker said, adding that private equity is also getting aggressive in doing M&A. As per consulting major EY, enterprise tech M&A hit 857 deals globally in 2024, up from 722, with values rising to $32.2 billion. 'M&A is strategic to Wipro. When we have the right opportunity and it falls into our strategic priorities, we go for it. We are constantly looking for an opportunity around that which will help us drive our strategic priority. That is something that is part of inorganic growth for the future as well,' Srinivas Pallia, CEO and MD of Wipro Ltd, told media persons in a post-results conference in April. Largest global player Accenture, which is typically big on acquisitions, continued its streak taking the total acquisitions to 11 deploying $500 million since September, including investments in the talent and skilling space, a key segment for technology services firms. US-headquartered Cognizant, with a large workforce in India, made two bets during the past year adding to its inorganic growth. Among bigger deals, Capgemini is said to be in advanced talks to acquire business process outsourcing (BPO) specialist firm WNS. The companies did not respond to requests for comment.
Indian Express
2 hours ago
- Indian Express
In relief for Delhiites, govt to soon waive ‘pending, inflated' water bills: Minister
In a major relief to residents of the national capital, the Delhi government is soon going to waive 'pending, inflated' water bills, along with the late payment surcharge, Water Minister Parvesh Sahib Singh said Monday. Addressing a press conference on the BJP completing 100 days in power and the achievements of his departments, he said, 'A scheme to waive all domestic water bills is under preparation and it will be implemented soon. Once it is launched, all domestic water bills will be reduced by around 90%…' 'But until this scheme is officially launched, I have already said that if someone hasn't paid their bill, their connection won't be disconnected for now. The people of Delhi are aware that the government is bringing a new scheme, so everyone is waiting for it… So, until the bill payments are sorted out — and right now there are some technical issues — once that is resolved and the scheme is launched, it will reduce the inflated and pending bills up to 90%,' he added. He said that, currently, the software being used by the Delhi Jal Board was developed and maintained by Wipro. 'Their lease period has already ended, and they have been given an extension… the company has refused to make any further changes to the current system… Once this is resolved, the scheme will be launched,' he said. Sources said that under this scheme, the focus will be on waiving the Late Payment Surcharge (LPSC) of domestic bills. 'LPSC charges are calculated at 18% interest plus compounding charges,' said sources. Currently, in the domestic category, the outstanding bill amount is approximately Rs 12,000 to Rs 13,000 crore, out of which Rs 7,000 crore is LPSC. 'If we waive that, we will still be able to recover at least Rs 5,000 to Rs 6,000 crore,' said sources. 'Because several residents have not paid their bills for the past 8-9 years, this is an incentive for them to pay the principal amount. Once LPSC is waived, the government will rationalise the bills and give a timeline to the people to pay the principal amount. They will be asked to pay the bills in three to four months. No more extensions or schemes will come after this,' said sources. Besides, the minister also said that the government plans to upgrade the water billing system to address the challenges of revenue losses. According to officials, Delhi has approximately 29 lakh water connections. As per the 2011 census, Delhi has 34 lakh households. Last year, the previous AAP government also announced a one-time settlement scheme for pending water bills ahead of the Lok Sabha elections, claiming that it would benefit around 12 lakh consumers, of which 7 lakh will not have to pay any amount. However, the scheme hit a roadblock after the Finance Department raised questions and said that it would lead to financial implications. It said that the benefits of the scheme should not be given to the consumers who have not paid the bills for the last 11 years.
Economic Times
13 hours ago
- Economic Times
Infosys paid CEO Salil Parekh Rs 80.62 crore as salary in FY25, up 22%
PTI Infosys CEO and MD Salil Parekh Indian IT major Infosys chief executive officer (CEO) Salil Parekh received a 22% rise in his annual compensation to Rs 80.6 crore for the fiscal year 2024-25 ending March, the company's annual report increase in FY25 annual compensation was driven by an increase in bonus/incentives/variable pay and Parekh exercising higher restricted stock units (RSUs) -- an equity share compensation -- during the year, the annual report for 2024-25 compensation was Rs 66.25 crore in the previous year, with an increase of 17.5%, which made him the second-highest paid Indian IT chief. It saw a drop in FY23 to Rs 56 crore from Rs 71 crore in FY22. With the FY25 salary package, Infosys' chief's pay is higher than that of his rivals at Tata Consultancy Services (TCS) and Wipro. Wipro chief Srinivas Pallia earned $6.2 million (around Rs 53.64 crore) after a 10% increase from last year, while TCS chief K Krithivasan's compensation was higher by 4.6% to Rs 26.5 crore for FY25. Prior to this, Parekh was the second-highest-paid CEO in India's IT sector after Wipro's former CEO Thiery Delaporte's earned Rs 167 crore in FY24, after which he exited the company. Bengaluru-headquartered Infosys' CEO earned Rs 49.5 crore by exercising stock options as against Rs 39 crore in the same period of last fiscal, and Rs 7.47 crore as base pay, which is almost similar to last year, and Rs 50 lakh as retiral benefits. Parekh's variable pay surged to Rs 23.18 crore in FY25 from Rs 19.75 crore in FY24. Parekh made 752 times the median remuneration - Rs 10.72 lakh - of the company's employees, which cumulatively stood at 323,578 as on March this cofounder and chairman of Infosys Nandan Nilekani continued to voluntarily choose not to receive any remuneration for his services rendered to the his letter to shareholders, Parekh said the financial year 2025 was another year of strong execution for Infosys.'We had growth of 4.2%, operating margin of 21.1%, and free cash flow of $4.1 billion. We announced a total dividend of Rs 43 per share (including an interim dividend of Rs 21 per share),' Parekh said in the is the leader in AI, cloud, data, and digital for clients, he message to shareholders was headlined 'An era of uncertainty'.He said, 'As we contemplate the developments of the last few months, we know we are in an era of uncertainty that we have never seen before. Multiple trends are colliding and leading us to reexamine the fundamentals of our businesses.'Every business vertical is facing challenges of various added that tariffs will be differentiated across products and countries and will likely keep changing. 'Bilateral and regional rules of trade will dominate. Supply chains will continue to shift as tariffs become another form of arbitrage,' Nilekani's message said, adding that Infosys has always believed in enthusiastically embracing change and Infosys will remain fully aligned on strategy, yet tactically agile.
