Latest news with #Wipro
Indian Express
an hour ago
- Business
- Indian Express
Stocks to Watch on Friday, July 25: Reliance Power, Reliance Infra, REC, Nestle India, Wipro and more
Stocks to Watch: Shares of several companies will remain in focus on Friday (July 25) including Wipro, Canara Bank, Nestle India, Reliance Power, Reliance Infra, REC, NTPC, etc. On Thursday, equity markets fell, with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in the trade. The benchmark tanked 542.47 points, or 0.66 per cent, to settle at 82,184.17. During the day, it tumbled 679.42 points, or 0.82 per cent, to 82,047.22. As many as 2,410 stocks declined, while 1,645 advanced and 166 remained unchanged on the BSE. IT services firm Wipro on Thursday said it has bagged a multi-year strategic contract from Saudi Electricity Company (SEC)'s wholly-owned subsidiary National Grid to design and implement a Smart Meter Data Management (MDM) system. Wipro will be responsible for designing, developing, implementing, and supporting a robust MDM system for the Saudi national electricity transmission network, the company said in a statement. SBI Life Insurance reported a 14 per cent growth in net profit to Rs 590 crore for the June quarter of the current financial year. The company's profit after tax stood at Rs 520 crore in the April-June quarter of previous financial year. The total income of the company improved to Rs 38,696 crore as against Rs 34,392 crore in the same period a year ago, SBI Life Insurance said in a regulatory filing. New business premium of the insurance firm rose to Rs 7,270 crore during the period under review compared to Rs 7,033 crore in the June 2024 quarter. UTI Asset Management Company (AMC) posted a 7 per cent decline in its consolidated profit after tax to Rs 237 crore for the quarter ended June 2025. The company had posted a profit after tax of Rs 254 crore in the same quarter of the preceding fiscal (2024-25). Its revenues from operations rose 3 per cent to Rs 547 crore in the quarter under review from Rs 529 crore in the April-June quarter of FY25, according to an exchange filing. Canara Bank posted a 22 per cent growth in standalone net profit to Rs 4,752 crore during the first quarter of the current financial year, supported by a decline in bad loans. The Bengaluru-based bank had earned a net profit of Rs 3,905 crore in the same quarter of the previous fiscal year. The total income rose to Rs 38,063 crore during the June quarter from Rs 34,020 crore in the same quarter of FY25, Canara Bank said in a regulatory filing. Aether Industries on Thursday reported a 57 per cent jump in its consolidated profit after tax to Rs 47.02 crore in the June quarter. Its profit after tax (PAT) stood at Rs 29.93 crore during the corresponding period of the preceding fiscal, the company said in a regulatory filing. Revenue from operations of the company witnessed 42 per cent growth during the quarter under review at Rs 256.13 crore against Rs 180.01 crore in the same period a year ago. Nestle India Ltd reported a 13.4 per cent decline in consolidated net profit to Rs 646.59 crore for the June 2025 quarter, mainly impacted by high commodity prices. The company had posted a net profit of Rs 746.6 crore a year ago, according to a regulatory filing by Nestle India, which owns popular brands such as Maggi, NESCAFE and KitKat. Its revenue from the sale of products increased 5.86 per cent to Rs 5,073.96 crore in the April-June quarter. It was Rs 4,792.97 crore in the corresponding period of the last financial year. Shares of Reliance Power, Reliance Infra will remain in focus following raids by the Enforcement Department on Thursday. The raid was a part of an alleged Rs 3,000 crore loan fraud relating to a money laundering case against the companies linked to Reliance Group Chairman Anil Ambani. State-owned REC Ltd posted a 29 per cent rise in its consolidated net profit to Rs 4,465.71 crore June quarter compared to the year-ago period, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 3,460.19 crore in the quarter ended on June 30, 2024, a BSE filing stated. Total income rose to Rs 14,823.98 crore in the quarter from Rs 13,092.44 crore in the same period a year ago. NTPC on Thursday said it has received shareholders' approval to raise up to Rs 18,000 crore through issue of non-convertible debentures on a private placement basis. The fund will be raised in up to 12 tranches, through a private placement during the period commencing from the date of passing of the special resolution till completion of one year thereof, according to a regulatory filing. CG Power and Industrial Solutions on Thursday posted nearly 11 per cent increase in its consolidated net profit to Rs 267 crore in the June quarter compared to a year ago, mainly on the back of higher revenues. Aggregate sales for the quarter were up at Rs 2,878 crore at a growth of 29 per cent compared to Rs 2,228 crore in the same period a year ago, stated a company statement. According to the statement, consolidated profit after tax (PAT or net profit) was 11 per cent higher at Rs 267 crore for the quarter as against Rs 241 crore in Q1FY25. Aditya Birla Sun Life AMC, part of Aditya Birla Capital, on Thursday posted an 18 per cent increase in profit after tax to Rs 277.1 crore for the three months ended June 2025. In comparison, the asset management firm had posted a profit after tax (PAT) of Rs 236 crore in the same quarter of the preceding fiscal. The company's revenue from operations rose 16 per cent to Rs 447.4 crore in the quarter under review from Rs 386.6 crore in the April-June quarter of the preceding fiscal (2024-25), Aditya Birla Sun Life AMC (ABSL AMC) said in a regulatory filing. Cement maker ACC Ltd on Thursday reported a 4.35 per cent increase in its consolidated net profit to Rs 375.42 crore for the June 2025 quarter, helped by volume gains and operational efficiencies. The company had posted a profit of Rs 359.74 crore in the April-June quarter a year ago, according to a regulatory filing by ACC, now a part of Adani Cement. Its revenue from operations rose 18 per cent to Rs 6,035.11 crore. It was Rs 5,113.05 crore in the corresponding period a year ago. ACC's total expenses in the June quarter surged 16.84 per cent to Rs 5,594.25 crore. State-owned Indian Bank on Thursday posted a 24 per cent rise in net profit to Rs 2,973 crore in the first quarter of the current financial year. The Chennai-based lender had earned a net profit of Rs 2,403 crore in the same quarter of the previous fiscal year. The total income rose to Rs 18,721 crore during the June quarter of 2025-26 from Rs 16,945 crore in the same period of FY25, Indian Bank said in a regulatory filing. Snacks manufacturer Bikaji Foods International Ltd has reported a 1.3 per cent increase in consolidated net profit to Rs 58.52 crore in the quarter ended in June 30, of this financial year. The company had posted a consolidated profit of Rs 57.77 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 14.86 per cent to Rs 637.05 crore in the June quarter. It was at Rs 554.59 crore a year ago. Total expenses of Bikaji Foods in the June quarter were up 16.7 per cent to Rs 584.09 crore. (With inputs from PTI)
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Business Standard
an hour ago
- Business
- Business Standard
Wipro, Saudi's National Grid ink deal to boost operational efficiencies
Wipro signs a multi-year agreement with Saudi National Grid SA to implement a smart meter data management system, improving grid stability and operational efficiencies BS Reporter Wipro has signed a multi-year deal with Saudi electric company, National Grid SA, to implement a smart meter data management (MDM) system for the transmission network. The deal aims to modernize the company's meter data platform, enhance operational efficiencies, and better manage risks. "We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), at Wipro. Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will also enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimize its power dispatch, reduce operational costs, and minimize outages.
Zawya
an hour ago
- Business
- Zawya
Wipro wins Multi-Year 'Smart Grid' deal from Saudi Electric Company
RIYADH, Saudi Arabia & BENGALURU, India --(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client's meter data platform, enhance operational efficiencies, and better manage risks. "We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions." Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimize its power dispatch, reduce operational costs, and minimize outages, leading to optimal experiences for the end user. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: 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 our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. Forward-Looking Statements The forward-looking statements contained herein represent Wipro's beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro's control. Such statements include, but are not limited to, statements regarding Wipro's growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Mint
2 hours ago
- Business
- Mint
Wipro stock to be in focus on Friday on securing multi-year 'smart grid' deal from Saudi Electric company
Shares of Wipro, the country's fourth-largest tech company, are likely to be on investors' radar during Friday's trading session after the company announced a multi-year strategic contract from Saudi Electric Company—National Grid SA. The company said it will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client's meter data platform, enhance operational efficiencies, and better manage risks, according to Thursday regulator filing. 'We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions, and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions.' The company will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. 'Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment status. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting,' the company said in its regulatory filing today. The intelligent integrations will support proactive maintenance, faster fault identification, and enhanced visibility into energy usage patterns. This will allow National Grid SA to optimize power dispatch, reduce operational costs, and minimize outages—leading to improved experiences for end users. Last week, the company reported a consolidated net profit of ₹ 3,336 crore in Q1FY26, marking a 7% QoQ decline but a 10% YoY increase, beating analysts' projections of ₹ 3,268 crore. Revenue from operations came in at ₹ 22,134 crore, up from ₹ 21,964 crore in Q1FY25, also exceeding the Street's estimate of ₹ 21,829 crore. Despite continued softness in Europe and weak discretionary spending, the IT major reported total bookings (Total Contract Value or TCV) of $4,971 million, a sequential improvement from $3,955 million in the previous quarter. On a YoY basis, bookings rose from $3,284 million in the same quarter last year. Large deal TCV stood at $2,666 million, up sharply from $1,154 million in both the March quarter and the year-ago period. Against this backdrop, the company expects revenue from its IT Services business to be in the range of $2,560 million to $2,612 million in Q2FY26, implying sequential growth of -1.0% to 1.0% in constant currency terms. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
News18
2 hours ago
- Business
- News18
Wipro bags a multi-year deal from Saudi Electricity Co
Agency: New Delhi, Jul 24 (PTI) IT services firm Wipro on Thursday said it has bagged a multi-year strategic contract from Saudi Electricity Company (SEC)'s wholly-owned subsidiary National Grid to design and implement a Smart Meter Data Management (MDM) system. The financial details of the deal were not disclosed. Wipro will be responsible for designing, developing, implementing, and supporting a robust MDM system for the Saudi national electricity transmission network, the company said in a statement. The system will utilise intelligent forecasting and reporting tools to help National Grid SA with strategic grid planning and risk management, allowing National Grid SA to optimise its power dispatch, reduce operational costs, and minimise outages, leading to optimal experiences for the end user. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalisation ambitions," said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro. PTI ANK ANK BAL BAL BAL Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
