Latest news with #Entrust
Business Standard
2 days ago
- Business
- Business Standard
Stock Alert: Yes Bank, Zydus Lifesciences, Ashok Leyland, R Systems Intl
Securities in F&O Ban:Manappuram Finance shares are banned from F&O trading on 4 June to Watch:Yes Banks board approved raising Rs 16,000 crore through equity and debt securities in one or more tranches. The bank will raise Rs 7,500 crore through equity and Rs 8,500 crore through debt Lifesciences wholly owned subsidiary, Zynext Ventures, has entered into share purchase agreement with Aegnus, USA to acquire 5.9% stake for a total consideration of $16 Leyland received order worth Rs 184 crore from Tamil Nadu State Transport Corporation to supply 543 nos. BSVI diesel chassis and fully built Renewable Power received a significant order for a 7.8 MW grid-connected solar rooftop project by the Rangiya Division of the Northeast Frontier Railway. The order, valued at Rs. 336 Million, also includes a comprehensive 5-year Annual Maintenance Contract (AMC)/Comprehensive Annual Maintenance Contract (CAMC) for various buildings within the Rangiya has bagged a multiyear deal with Entrust, a global leader in identity-centric security solutions, where it will provide strategic resources, scale, and agility to help Entrust accelerate its growth.R Systems International announced strategic partnership with Mavvrik, a leader in AI cost governance, to help enterprises gain visibility and precise financial control over rapidly escalating AI, cloud, and hybrid infrastructure by Capital Market - Live News
Business Standard
2 days ago
- Business
- Business Standard
Wipro bags multi-year deal from Entrust to accelerate growth strategy
Wipro said that it has secured a multi-year deal with Entrust, a global leader in identity-centric security solutions, where it will provide strategic resources, scale, and agility to help Entrust accelerate its growth. The IT company will utilize cutting-edge industry practices to assist Entrust in product development, infrastructure, and application modernization. Wipro will deploy Gen AI-powered solutions to redefine self-service, resulting in improved user experiences, swift query resolution, and reduced support response times. Additionally, the Wipro team will bolster application security by integrating advanced analytics to proactively identify vulnerabilities and offer actionable insights for intelligent software development. Ultimately, this collaboration will enable Entrust to enhance productivity, elevate employee satisfaction and security measures, and reduce costs through streamlined IT operations and reporting. Jeff Smolinski, senior vice president of operations, Entrust, said, We are pleased to leverage Wipros domain expertise and AI-powered solutions to support our strategy, increase our agility, and drive growth, we chose Wipro based on its ability to help us access top talent, scale up to meet market opportunities, and add new capabilities. Wipros customer-centric approach and alignment with Entrust values of innovation, collaboration, and integrity help make them the right partner to help us achieve our long-term goals. Malay Joshi, CEO - Americas 1, Wipro, said, We are excited to bring our proven expertise to deliver comprehensive, AI-powered software development services at scale to further Entrusts strategic priorities. This collaboration with Entrust highlights our commitment to innovation and delivering measurable value as we work together to shape a future where AI leads business transformation. Wipro is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients most complex digital transformation needs Leveraging its holistic portfolio of capabilities in consulting, design, engineering, and operations, it help clients realize their boldest ambitions and build future-ready, sustainable businesses. The companys consolidated net profit jumped 6.43% to Rs 3,569.60 crore on 0.83% increase in net sales to Rs 22,504.20 crore in Q4 FY25 over Q3 FY25. The counter fell 0.61% to end at Rs 246.20 on the BSE.
India Today
2 days ago
- Business
- India Today
Stocks to watch on June 4: HDFC Bank, Wipro, Ola Electric, Nestle, Yes Bank
The stock market had a rocky session on Tuesday, as Dalal Street ended the day on a low note amidst mixed global Nair, who leads research at Geojit Investments Limited, mentioned that geopolitical tensions and a volatile currency market, driven by a weak USD, are keeping the domestic market Bank Yes Bank saw a buzz of activity when CA Basque Investments sold off 82 crore shares at an average of Rs 21.65 per share. This amounts to a 2.6% stake worth Rs 1,774.89 crore. As of March 2025, CA Basque Investments held a 6.84% stake in the bank. This transaction is a significant point of interest for investors keeping an eye on company moves and shareholder BankHDB Financial Services, owned by HDFC Bank, got the green light from Sebi for a Rs 12,500 crore Initial Public Offering (IPO) that's expected in the coming IPO will feature a fresh issue of 2,500 crore and an offer-for-sale of 10,000 crore by HDFC Bank, which currently owns a massive 94.36% stake in the subsidiary. This step is crucial as it could sway market viewpoints and pique investor interest in HDFC continues to make strides in the tech world by signing a multi-year deal with Entrust, a leader in identity-centric security solutions. This partnership is designed to boost Entrust's growth through strategic resources and agility, strengthening Wipro's global partnership network in the TechnologiesTPG, a US-based private equity firm, is reportedly selling a 2.1% stake in Tata Technologies through a block deal, valued at around 634 crore. The floor price set for this deal is Rs 744.5 per share. Such market activity is essential for investors tracking ownership stakes and market shifts in the tech ElectricOla Electric Mobility was in the spotlight when Citigroup picked up over Rs 8.61 crore shares in a transaction worth Rs 435 crore via a block deal. This deal saw Hyundai Motor Company and KIA Corporation as the sellers. The acquisition underlines Ola Electric's enduring allure among institutional investors looking to enter the electric vehicle Logistics Solutions, which operates as BlackBuck, saw action with institutional investors buying in, while Peak XV Partners cut its holdings. In parallel, Nestle India reported a 3.8% decrease in its full-time workforce for FY25, though the company plans to ramp up capital expenditures and invest in new capabilities, highlighting its focus on workforce and operational Motor is rolling out updates to its premium Hyundai Alcazar SUV, featuring additions like a panoramic sunroof and DTC options. These upgrades are part of Hyundai's ongoing strategy to keep a competitive edge and attract customers in the SUV Watch
Time of India
2 days ago
- Business
- Time of India
Wipro shares in focus after multi-year deal with US security firm Entrust
Under the agreement, Wipro will assist Entrust in expanding operations and speeding up growth by offering services in product development, infrastructure management, and application modernisation. Wipro will enhance application security by using advanced analytics to detect vulnerabilities and provide actionable insights for smarter software development. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Wipro , India's fourth-largest IT services company, will be in focus on Wednesday after it signed a multi-year agreement with Entrust, a US-based identity-centric security solutions provider. Financial details of the deal were not partnership is expected to help Entrust improve operational efficiency, advance its digital transformation goals, and manage IT costs more effectively, Wipro said in a the agreement, Wipro will support Entrust in scaling operations and accelerating growth by providing services in product development, infrastructure management, and application deal was first referenced in Wipro's second-quarter earnings.'We are pleased to leverage Wipro's domain expertise and AI-powered solutions to support our strategy, increase our agility, and drive growth. We chose Wipro based on its ability to help us access top talent, scale up to meet market opportunities, and add new capabilities,' said Jeff Smolinski, senior vice president of operations at said it will deploy GenAI-powered solutions to redefine self-service, resulting in improved user experiences, swift query resolution, and reduced support response times. Additionally, the Wipro team will bolster application security by integrating advanced analytics to proactively identify vulnerabilities and offer actionable insights for intelligent software collaboration aims to enhance Entrust's productivity, boost employee satisfaction, tighten security, and lower costs through streamlined IT operations and reporting.'We are excited to bring our proven expertise to deliver comprehensive, AI-powered software development services at scale to further Entrust's strategic priorities. This collaboration with Entrust highlights our commitment to innovation and delivering measurable value as we work together to shape a future where AI leads business transformation,' said Malay Joshi, CEO for Americas 1, deal comes along with India's largest IT services provider, Tata Consultancy Services (TCS), announcing a seven-year partnership with Europe-based Virgin Atlantic, and smaller rival Tech Mahindra signing a deal with Netherlands-based firm, multi-service utility provider, Hanab, to modernise their IT US contributes the most in terms of revenue share of around 40-50%, followed by Europe at 20-30% for most Indian IT majors.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
3 days ago
- Business
- Time of India
Wipro signs deal with US security solutions firm Entrust
Wipro , the country's fourth-largest IT services company, on Tuesday entered into a multi-year agreement with Entrust, a US-based company focussed on identity-centric security solutions. Financial details of the deal were not disclosed. This partnership is expected to help Entrust improve operational efficiency, support its digital transformation goals, and manage IT costs more effectively, Wipro said in a statement. Under the agreement, Wipro will support Entrust in scaling its operations and accelerating growth by providing support for product development, infrastructure services, and application modernisation. The deal was first mentioned in the second quarter financial earnings of Wipro. 'We are pleased to leverage Wipro's domain expertise and AI-powered solutions to support our strategy, increase our agility, and drive growth. We chose Wipro based on its ability to help us access top talent, scale up to meet market opportunities, and add new capabilities,' said Jeff Smolinski, senior vice president of operations at Entrust. Wipro said it will deploy GenAI-powered solutions to redefine self-service, resulting in improved user experiences, swift query resolution, and reduced support response times. Additionally, the Wipro team will bolster application security by integrating advanced analytics to proactively identify vulnerabilities and offer actionable insights for intelligent software development. 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 collaboration aims to enable Entrust to enhance productivity, elevate employee satisfaction and security measures, and reduce costs through streamlined IT operations and reporting. 'We are excited to bring our proven expertise to deliver comprehensive, AI-powered software development services at scale to further Entrust's strategic priorities. This collaboration with Entrust highlights our commitment to innovation and delivering measurable value as we work together to shape a future where AI leads business transformation,' said Malay Joshi, CEO for Americas 1, Wipro. The deal comes along with India's largest IT services provider, Tata Consultancy Services (TCS), announcing a seven-year partnership with Europe-based Virgin Atlantic, and smaller rival Tech Mahindra signing a deal with Netherlands-based firm, multi-service utility provider, Hanab, to modernise their IT infrastructure. The US contributes the most in terms of revenue share of around 40-50%, followed by Europe at 20-30% for most Indian IT majors.
