Pune/New Delhi, June 4 (IANS) Amid reports surrounding a former employee’s allegations of religious harassment and forced resignation, IT major Wipro on Thursday said it has shared all relevant documents with the Pune Police and is fully cooperating with the ongoing probe into the matter.The company is cooperating fully with the ongoing probe and remains committed to maintaining a safe and respectful workplace, it said.“At Wipro, employee welfare, dignity and respect are paramount. We maintain…
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New Delhi, June 4 (IANS) A high-level South African delegation led by Deputy President Paul Mashatile visited India, marking a renewed push to deepen strategic, economic and diplomatic ties between the two countries at a time of global geopolitical and economic uncertainty, a report has said.The visit, which reflects the long-standing historical relationship between India and South Africa, also highlights the evolution of bilateral ties from shared anti-colonial and anti-apartheid solidarity to …
New Delhi, June 3 (IANS) IT services major Wipro has identified the rapid adoption of artificial intelligence (AI) as a key business risk, warning that flawed algorithms, bias, regulatory uncertainties and unintended outcomes from AI systems could expose the company to legal, financial and reputational challenges.In its FY26 annual report, the Bengaluru-based company said that while it is increasingly deploying generative and autonomous AI technologies across client solutions and internal operat…
New Delhi, June 3 (IANS) India’s three leading IT services providers — Infosys, TCS and Wipro — have collectively expanded deployment of ‘365 Copilot’ to more than 3 lakh employees within six months, marking one of the world’s largest enterprise artificial intelligence (AI) rollouts, Microsoft said on Wednesday.The US-based technology giant said each of the IT majors has now scaled Microsoft 365 Copilot deployments beyond 100,000 employees, expanding from around 50,000-seat deployments ann…
Mumbai, May 27 (IANS) Domestic equity markets traded on a muted note in early deals on Wednesday amid mixed global cues and a decline in crude oil prices.Sensex was trading at 76,050, up 40 points or 0.05 per cent in the morning session, while Nifty rose 20 points or 0.08 per cent to 23,932. Earlier, the benchmark indices opened at 75,939.86 and 23,880.35, respectively.Among sectoral indices, Nifty Metal emerged as the top gainer, climbing 1.59 per cent, followed by Nifty Cement, which advanced …
New Delhi, May 26 (IANS) Indian benchmark indices ended sharply lower on Tuesday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment after fresh US strikes in southern Iran reduced hopes of a possible peace deal.The Nifty settled at 23,913.7, down 118 points or 0.49 per cent, while the Sensex closed at 76,009.7, declining 479.26 points or 0.63 per cent.Commenting on Nifty technical outlook, experts said that 24,000 now becomes the immediate resistance lev…
Bengaluru, May 15 (IANS) Karnataka Chief Minister Siddaramaiah on Friday said that his government is committed to transforming higher education into a pathway for employment, entrepreneurship, and leadership, while stressing the need for stronger collaboration between academia, industry, and the government.In his address at the inaugural ceremony of the “Campus to Career (C2C) Summit: Future-Ready Universities & Colleges” organised by the Higher Education Department here, Siddaramaiah sa…
New Delhi, May 12 (IANS) Indian IT stocks took a deep plunge on Tuesday, dragging the Nifty IT index down 3.73 per cent to its lowest level since May 2023 after OpenAI said it would launch a new company with $4 billion initial investment to help organisations build and deploy artificial intelligence.A weak earnings outlook for the sector from analysts also impacted the sentiments with Nifty IT index extending losses for a second session.It became the top sectoral loser on the National Stock Exch…
Mumbai, May 12 (IANS) Indian equity benchmarks traded sharply lower on Tuesday for the second consecutive day in morning trade, with both indices declining around 0.5 per cent amid geopolitical tensions.Sensex declined as much as 0.62 per cent or 474 points to trade at an intraday low of 75,541 in early trade, while Nifty was seen trading at 23,689, down 0.53 per cent or 126 points from the previous close.Sector-wise, IT, chemicals, realty, cement and financial indices were among the top losers,…
New Delhi, May 7 (IANS) IT services provider Mphasis has approached a US court alleging that rival Coforge violated contractual obligations by hiring its former senior executives and gaining access to sensitive client-related information, according to multiple reports.According to reports, legal documents filed in March show that Mphasis has sought an injunction restraining Coforge from deploying two former Mphasis executives on projects linked to Charles Schwab, a client serviced by both firms….