Wipro chairman News

Wipro fires 300 employees over moonlighting charges, informed Wipro chairman. Premji said company had found 300 employees working with rival competitors. Moonlighting means having a project or job secretly along with full time job.

The 73-year-old Bengaluru-based Premji is a billionaire with $15.6 billion net worth and gave the fifth-highest amount ($8 billion) to charity.

Wipro Chairman Azim Premji is among the honorees of this year's Carnegie Medal, considered the most prestigious prize in Philanthropy, for his efforts to reform India's public school system.

In his letter to Wiproites, he had termed the news article reportedly published in this regard as "baseless and malicious."

Wipro Limited Chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he "remains committed to Wipro."

A huge fall in oil and other commodity prices has helped the economy in a big way, but growth is still not felt on the ground, top industry leader Azim Premji said Wednesday.

According to Wipro's Annual Report 2014-15, it has also set up a USD 100 million corporate venture capital fund to invest in startups as it looks to beef up its digital capabilities.

Rishad for long has been talked about as the natural choice for taking over the company's operations and the move will bring him closer to the top spot at the country's third largest IT services firm.

Wipro Group chairman Azim Premji, who attended an event organised by an RSS body near Delhi, said his presence did not mean that he endorsed the view of the forum.

IT services major Wipro on Friday said it has inducted four new members in its Group Executive Council, a forum of top leaders in the firm that strategises the company's long-term goals.

IT services major Wipro Friday reported a 8 percent growth in its consolidated net profit at Rs 2,192.8 crore for the quarter ended December 31, 2014 led by growth in healthcare and infrastructure services.

IT services major Wipro on Thursday reported a 29.5 percent growth in its consolidated net profit at Rs 2,103.2 crore for April-June period, helped by large deals in the application and infrastructure space.