Wipro Chairman Azim Premji and HCL co-founder Shiv Nadar are the only two billionaires from India in Forbes' list of the world's 100 richest people in technology, ranking in the top 20 ahead of Google boss Eric Schmidt and Uber CEO Travis Kalanick.

The '100 Richest Tech Billionaires In The World 2016' list has been topped by Microsoft founder Bill Gates with an estimated fortune of USD 78 billion.

Global software major Wipro Ltd disagreed with the findings of the Comptroller and Auditor General of India (CAG) that the Unique Identification Authority of India (UIDAI) had shown undue favour to it, the company said on Wednesday.

“We disagree with the findings of the (CAG) report that UIDAI extended undue favor to us. We draw attention to the latter’s response in the report that the acceptance of goods was given by the competent authority in UIDAI after commissioning the equipment,” the IT major said in a statement here.

With revenue growth of 2% q-o-q CC, WPRO met its guidance for Q1FY17. However, the 0-1% q-o-q CC guidance for 2Q ruled out potential of bridging growth gap to peers in the foreseeable future. Continued drag in the Energy vertical, sluggishness in top accounts and restructuring in the India and Middle East business may continue to weigh on overall revenue growth.

IT Services EBIT margin of 17.8% declined by 190 bp q-o-q (marginally below our estimate of 18.1%).

Wipro’s June 2016 quarter performance once again reflected that the transformation the company is going through is still a work in progress, as the company disappointed the Street with its key financials.

The Bengaluru-headquartered company, though it managed to meet the middle end of its dollar-term revenue projection given for the April-June period, disappointed on the net profit growth and profit margin fronts apart from giving conservative revenue guidance for the September quarter.

The country's third-largest IT firm, Wipro Ltd, today reported an 8% decline in consolidated net profit at Rs 2,052 for the quarter ended June 2016 as compared to Rs 2,238 crore in the previous quarter ending March 2016.

The consolidated revenue declined marginally by 0.3% to Rs 13,69 crore as against Rs 13,742 crore in March 2016.

New Delhi: At least 15 companies, including Wipro Ltd, Infosys Ltd and International Business Machines Corp. have shown an interest in handling the back end operations of India Post Payments Bank (IPPB).

All of these companies have responded to a request for proposal (RFP) released by the department of posts on 1 July on its website, a person with direct knowledge of the matter said.

The $100-billion Indian IT services export industry is unlikely to see a major impact from the new Bill proposed by two US lawmakers seeking further restrictions on H-1B and L-1 visas as the planned legislation is not expected to pass in the current form even as India centric technology companies have increased their hiring of American citizens.

Information technology (IT) major Wipro has said it would stall its plans for a second campus in Kolkata if it is denied the special economic zone (SEZ) status.

Information technology (IT) major Wipro has said it would stall its plans for a second campus in Kolkata if it is denied the special economic zone (SEZ) status.

The $150-billion Indian IT industry may have to experience short-term pains like delays in getting new contracts or dealing with a fluctuating currency but in the long term it stands to benefit from UK’s decision to exit from European Union. In the medium to long term, as UK tries to find its economic feet, its firms will have to continue to find ways to remain competitive and hence seek additional outsourcing expertise.

Rishad Premji-managed Wipro Ventures, the $100 million venture arm of Wipro, India's third largest IT firm, has invested an undisclosed sum in Israel-based TLV Partners.

Based in Tel Aviv, TLV Partners, founded last year, has a corpus of $ 115 million and has invested in three startups so far, including Aqua, a virtual container security and Oribi, a Facebook ads analytics company. The firm specialises in linking Israel based startups with those of Silicon Valley, a key attribute that helps startups connect with the markets and potentially get acquired by large firms in the Valley.

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