Welcome to our dedicated page for Wipro news (Ticker: WIT), a resource for investors and traders seeking the latest updates and insights on Wipro stock.
Wipro Limited (WIT) is a global leader in IT services, consulting, and business process solutions. This news hub provides investors and professionals with essential updates on corporate developments, strategic initiatives, and operational milestones.
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Key updates cover mergers & acquisitions, new service launches, and industry recognitions. All content is verified through primary sources to ensure reliability for investment research and competitive analysis.
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Wipro announced the appointment of Sanjeev Jain as Chief Operating Officer, effective immediately. He succeeds Amit Choudhary, who is stepping down. Sanjeev joined Wipro in 2023 and has over 30 years of experience in business operations, Lean Six Sigma, and design thinking.
He has been instrumental in Wipro's AI training and talent management initiatives. As COO, he will oversee Global Business Operations, the CIO, CISO, and Enterprise Risk Management, focusing on client-centric and profitable growth.
Srinivas Pallia, CEO, praised Sanjeev's impact on strategic thinking and execution. Amit Choudhary will remain until May for a smooth transition.
Eightfold AI and Wipro have announced a collaboration aimed at transforming talent management and skills development. Wipro will utilize Eightfold AI's Talent Intelligence Platform™ to create personalized career pathways, facilitate employee upskilling, and enhance internal mobility by matching skills to projects. The initiative is designed to improve talent allocation and retention, consolidating HR capabilities into a globally cohesive offering.
According to Ashutosh Garg, Co-founder and Co-CEO of Eightfold AI, AI is important for proactive talent management. Sanjeev Jain, Global Head of Business Operations at Wipro, added that the collaboration will enhance Wipro's ability to serve clients and support employee career ambitions. The platform will align with Wipro's Responsible AI framework.
Wipro has appointed Vinay Firake as the Chief Executive Officer of APMEA Strategic Market Unit. Vinay, with 26 years of experience at Wipro, will lead the business in Asia Pacific, India, Middle East, and Africa. He replaces Anis Chenchah and will be responsible for driving innovation and expanding capabilities in the region.
Wipro Infrastructure Engineering's Hydraulics Business has signed a definitive agreement to acquire Mailhot Industries, a leading North American hydraulic cylinder manufacturer. The acquisition includes JARP Industries, expanding offerings to various sectors like utilities, mining, defense, and oil & gas. Wipro aims to enhance its global footprint and market position through this strategic move, benefitting from Mailhot's expertise in demanding work environments.
Wipro and Kognitos have collaborated to deploy GenAI-based Business Automation Solutions. Wipro Ventures participated in Kognitos' latest Series A Funding Round. The platform will automate complex business process workflows for Wipro's customers in use cases like order management, contact center, and finance and accounting services.
Rhapsody, a digital health enablement leader, announced the successful implementation of the Rhapsody Enterprise Master Person Index (EMPI) solution by NHS National Services Scotland, in partnership with Wipro UK The cloud-based solution hosted in Microsoft Azure enhances connectivity of healthcare data within NHS Scotland, providing a comprehensive view of patients' health journeys.
Wipro, a leading technology services company, will implement the Medicare Prescription Payment Plan platform for Independent Health in Western New York. The platform aims to streamline prescription payments, introducing capped monthly payments for out-of-pocket drugs starting in 2025.
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