Latest news with #Vorwerk
News.com.au
29-05-2025
- Business
- News.com.au
Thermomix cops massive ACCC fine after ‘misleading' NDIS approval claims
A massive kitchenware company allegedly falsely claimed its products were 'NDIS approved' to drive sales but has copped a massive fine instead. Vorwerk Australia, trading as Thermomix in Australia, has been fined nearly $80,000 for allegedly falsely suggesting two of its household appliances were endorsed by the National Disability Insurance Scheme. Thermomix falsely promoted the Thermomix TM6 cooking product and Kobold cordless vacuum and mop as being endorsed through the NDIS or registered by an entity administering the NDIS, the ACCC alleges. The Thermomix website in November last year and March this year allegedly described the two products as 'NDIS approved', 'NDIS-registered product', 'NDIS-consumables', 'NDIS assistive technology' and 'NDIS equipment'. However, the NDIS does not approve goods, according to ACCC chair Gina Cass-Gottlieb. 'The NDIS does not provide specific approval for any particular goods or services. Each NDIS participant has unique needs, and what's funded under their plan is determined individually, not through a list of approved products,' she said. 'There are no categories of goods or services which are automatically NDIS approved or funded for all NDIS participants. 'Misleading consumers experiencing vulnerability or disadvantage is of concern to us, and we will not hesitate to take appropriate action.' The ACCC put businesses on notice of problematic advertising targeting NDIS participants in November 2023. Just last week, bedding retailer Bedshed was fined nearly $40,000 for allegedly making similar false statements that some of its products were 'NDIS approved'.
India.com
01-05-2025
- Business
- India.com
This Indian IT company hits JACKPOT as famous European firm signs major deal for..., not Narayana Murthy's Infosys, Ratan Tata's TCS, name is...
Narayana Murthy, Late Ratan Tata, Azim Premji (Left to right) Good news for Wipro: In a significant achievement for Indian IT company Wipro, led by Ajim Premji, bagged an IT transformation deal from Germany-headquartered firm Vorwerk. As a part of the deal, it has been given the responsibility of managing and improving the IT systems of Europe's famous company Vorwerk. Notably, Vorwerk is a big company manufacturing household goods. Here are all the details you need to know about the recent development on Wipro. As a part of the five-year partnership, Wipro will modernise Vorwerk's IT infrastructure using its AI-powered infrastructure operations solution, according to a company statement, as per a report by news agency IANS. This involves integrating all business applications, IT infrastructure, and cybersecurity systems into a single monitoring platform, enhancing visibility across Vorwerk's technology landscape. It aims to substantially improve operational efficiency and strengthen cyber-risk management. Additionally, Wipro will work with Vorwerk's technology partners to improve their customer engagement strategy, standardise their product line, and develop a technology roadmap with intelligent products for faster time to market. The Wipro team will build an end-to-end support portal that will rapidly and seamlessly enhance end-user experience. 'The partnership is based on transparent collaboration, joint development of innovative solutions and sustainable value creation. By pooling their expertise and engaging in open dialogue on an equal footing, both companies will develop forward-looking IT strategies to actively shape the digital transformation,' Jorg Kohlenz, Managing Director and Group CIO, Vorwerk Services GmbH, said. (With inputs from agencies)
Time of India
29-04-2025
- Business
- Time of India
Wipro bags deal from Germany's Vorwerk for IT transformation
New Delhi, IT major Wipro has bagged an IT transformation deal from Germany-headquartered firm Vorwerk. As part of the five-year partnership, Wipro will modernise Vorwerk's IT infrastructure using its AI-powered infrastructure operations solution, according to a company statement. The company did not divulge the value of the deal. This involves integrating all business applications, IT infrastructure, and cybersecurity systems into a single monitoring platform, enhancing visibility across Vorwerk's technology landscape. It aims to substantially improve operational efficiency and strengthen cyber-risk management. Additionally, Wipro will work with Vorwerk's technology partners to improve their customer engagement strategy, standardise their product line, and develop a technology roadmap with intelligent products for faster time to market. The Wipro team will build an end-to-end support portal that will rapidly and seamlessly enhance end-user experience. "The partnership is based on transparent collaboration, joint development of innovative solutions and sustainable value creation. By pooling their expertise and engaging in open dialogue on an equal footing, both companies will develop forward-looking IT strategies to actively shape the digital transformation," Jorg Kohlenz, Managing Director and Group CIO, Vorwerk Services GmbH, said.
India.com
29-04-2025
- Business
- India.com
Masterstroke by Azim Premji, Wipro wins BIG deal from…, will transform IT with its…
IT giant Wipro has secured a big IT transformation contract with Germany-based company Vorwerk. Under the five-year agreement, Wipro will revamp Vorwerk's IT infrastructure by leveraging its AI-powered infrastructure operations solution, as stated in an official announcement. The financial details of the deal have not been disclosed. This involves integrating all business applications, IT infrastructure, and cybersecurity systems into a single monitoring platform, enhancing visibility across Vorwerk's technology landscape. It aims to substantially improve operational efficiency and strengthen cyber-risk management. Additionally, Wipro will work with Vorwerk's technology partners to improve their customer engagement strategy, standardise their product line, and develop a technology roadmap with intelligent products for faster time to market. 'The partnership is based on transparent collaboration, joint development of innovative solutions and sustainable value creation. By pooling their expertise and engaging in open dialogue on an equal footing, both companies will develop forward-looking IT strategies to actively shape the digital transformation,' Jorg Kohlenz, Managing Director and Group CIO, Vorwerk Services GmbH, said. Azim Premji is the founder of Wipro Limited . He started it as a small business and made it the big giant of information technology, software, and BPO services. He is also known for his philanthropy for society.
India Today
29-04-2025
- Business
- India Today
Stocks to watch today: Bajaj Finance, IndusInd Bank, Wipro, Adani Green, Gensol
Dalal Street saw a strong rally on Monday, helped by a jump in Reliance Industries Limited (RIL) shares and continued buying by foreign investors. The Sensex rose by 1,000 points, while the Nifty gained nearly 300 Nair, Head of Research at Geojit Financial Services, said, "The domestic market recovered from the losses faced during the last two days of the previous week, which came due to border tensions. Sustained buying by foreign institutional investors (FIIs) and better results from RIL also improved investor confidence."Investors will be hoping that Dalal Street will continue its momentum, especially as many companies are set to announce their fourth-quarter (Q4) companies, including Bajaj Finance, Bajaj Finserv, Bharat Petroleum Corporation, Ambuja Cements, Capital Small Finance Bank, Ceat, Fedbank Financial Services, Five-Star Business Finance, IndiaMART InterMESH, Jana Small Finance Bank, Praj Industries, Punjab & Sind Bank, Schaeffler India, Shoppers Stop, Star Health and Allied Insurance Company, Trent, UTI Asset Management Company, and Vishal Mega Mart will release their earnings today, April are the key stocks to watch:Adani Green EnergyThe renewable energy arm of the Adani Group reported a 53.3% year-on-year jump in its net profit to Rs 230 crore for the March 2025 quarter. Revenue also rose by 21.6% to Rs 3,073 crore compared to the same quarter last Total GasAdani Total Gas saw its net profit fall by 8% in the fourth quarter of FY25. The company posted a profit of Rs 154 crore, down from Rs 168 crore in the same quarter a year TechnologiesAccording to CNBC-TV18, TGP Rise Climate is expected to sell 1.59 crore shares, equal to a 3.9% stake in Tata Technologies, through block BankArun Khurana has resigned as the Whole-time Director and Deputy CEO of IndusInd Bank. His resignation is effective from April company Vorwerk has selected Wipro to manage and upgrade its IT systems. As part of this five-year agreement, Wipro will use its artificial intelligence-powered infrastructure operations solution to future-proof Vorwerk's IT setup and help it with enterprise-wide Housing FinancePNB Housing Finance reported a 27.8% year-on-year rise in its net profit to Rs 567.1 crore for the fourth quarter of FY25. Net interest income also went up by 20% year-on-year to Rs 735.8 crore. The company's board has recommended a final dividend of Rs 5 per EngineeringThe Directorate of Enforcement (ED) carried out a search and seizure operation at Gensol Engineering's offices in Ahmedabad and Gurgaon. Documents, electronic devices, and financial records were seized during the operation. The company said that the action was taken under the Foreign Exchange Management Act, 1999. Gensol stated that the financial impact of this development cannot be measured at this Digit General InsuranceGo Digit General Insurance reported a strong 118.9% year-on-year increase in its net profit, reaching Rs 116 crore in the March 2025 quarter. The company's gross written premium rose by 10.3% year-on-year to Rs 2,576 crore. Its assets under management (AUM) grew by 25% year-on-year to Rs 19,703 crore. However, the combined ratio, which measures profitability, increased to 111.3% for the quarter. advertisement
