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EXPLAINED: 4 | Vintage Vibes

Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?

Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is poised for recovery, arguing Gen-AI presents an opportunity rather than an existential threat. Valuations have become attractive, leading to upgrades for major…

The Economic Times

Wipro's Rs 15,000 crore buyback opens tomorrow: Should retail investors tender shares?

Wipro's Rs 15,000 crore share buyback opens on Thursday, offering shareholders an opportunity to tender their shares at Rs 250 apiece, a 38% premium to the stock's previous closing price of Rs 181.67. The buyback, open from June 10 to June 17.

The Economic Times

Wipro's Rs 15,000-crore buyback opens June 11; entitlement ratio and key details announced

IT major Wipro's Rs 15,000-crore share buyback offer will commence on June 11 and conclude on June 17, 2026. Small shareholders can tender 11 shares for every 56 held, while general category shareholders are entitled to tender 10 shares for every 197 held. The company will communicate acceptance or rejection…

The Economic Times

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Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian equities ended sharply lower as weak global cues and geopolitical tensions triggered broad-based selling. Nifty slipped 1.04% to 23,123, with analysts advising caution and a sell-on-rise strategy. Market breadth remained weak, while select stocks attracted buying interest and several counters hit fresh 52-week highs.

The Economic Times

Wipro shares plunge over 8%. What’s behind the selloff?

Wipro shares dropped significantly on Monday. This decline follows the company's share buyback record date. Investors who bought shares for the buyback are now selling. Morgan Stanley maintains an 'Underweight' rating. Challenges in growth and competition are impacting the IT sector. US market sentiment also affected Indian IT stocks.

The Economic Times

ED's Parimatch heat reaches Zepto; SPC's India deeptech push

Zepto has come under the ED's scanner as part of its probe into Parimatch. This and more in today's ETtech Top 5.

The Economic Times

Wipro plunges 8% after shares turn ex-record date for Rs 15,000 crore buyback

Wipro shares fell sharply on Friday after turning ex-record date for its Rs 15,000 crore buyback, despite broader market gains in the early trading hours. The share buyback marks the first such action announced by the IT major in nearly three years. The Investor sentiment was also impacted by allegations…

The Economic Times

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Wipro buyback alert! Last date to buy shares to participate in Rs 15,000 crore share buyback

Investors must purchase Wipro shares by today, June 4th, to be eligible for the company's Rs 15,000 crore share buyback, as Friday, June 5th, is the record date. The buyback offers Rs 250 per share, a 22.5% premium, with analysts projecting potential short-term returns of 8-14% for retail investors.

The Economic Times

Flawed AI, deepfakes and geopolitical conflicts pose major risks to business: Wipro

IT major Wipro identifies Artificial Intelligence adoption as a significant risk. Flawed algorithms and biases could lead to legal and financial issues. Evolving regulations also pose threats. The company warns that AI's rapid integration into client offerings and internal operations carries inherent uncertainties. Inability to effectively innovate or integrate AI…

The Economic Times

Wipro CEO Pallia takes home Rs 49.6 crore in FY26

Wipro CEO Srinivas Pallia's compensation decreased to $5.29 million in FY26, while executive chairman Rishad A Premji earned $773,213. The company's FY26 revenue saw a modest increase, with a focus on AI and strategic acquisitions to drive future growth amidst cautious client spending.

The Economic Times

TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?

IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.

The Economic Times

India leading the pack in AI adoption: Microsoft’s Puneet Chandok

India is leading Copilot's rapid adoption, with a 250% year-on-year growth in deployment. Major IT firms like Infosys, TCS, and Wipro are scaling licenses to over 100,000 employees each, signalling a shift towards AI as an operating model. Banking and manufacturing industries in India are also deploying agents in a…

The Economic Times

Recorded Future Announces Strategic Partnership with Wipro to Deliver AI-Powered Threat Intelligence at Global Enterprise Scale

BOSTON and BENGALURU, India, June 3, 2026 /PRNewswire/ -- Recorded Future, the world's largest threat intelligence company, today announced a strategic partnership with Wipro Limited, a leading AI-powered technology services and consulting company, to expand intelligence-led cybersecurity services for global enterprises. Together, the companies will launch a Managed Threat Intelligence…

AAP

IT rally rages on! Infosys, TCS, other stocks jump up to 4% despite overall market weakness

Indian IT stocks, including Infosys and TCS, surged over 3% on Tuesday, extending a three-day rally despite a broader market decline. This rebound follows an earlier sell-off triggered by AI advancements, with investors now seeing value in the sector's potential to adapt and integrate new technologies.

The Economic Times

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The Economic Times

Wipro shares in focus on deal to acquire additional stake in Aggne Global for $28.5 million. Check details

Wipro is set to acquire an additional 20% stake in US-based insurtech company Aggne Global Inc for $28.5 million, increasing its ownership to 80%. This move aims to bolster Wipro's position in the insurance sector, particularly in AI-led transformation solutions for the P&C segment. The transaction is expected to conclude…

The Economic Times

Stocks in news: Ola Electric, Eicher Motors, Axis Bank, Anant Raj, Wipro

Markets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. Ola Electric approved its QIP issue, Eicher Motors reported a 15% sales rise, and Axis Bank increased its stake in Axis Max Life Insurance.

The Economic Times

Wipro to acquire additional 20% stake in insurtech firm Aggne Global for $28.5 million

IT major Wipro will acquire an additional 20% stake in insurtech firm Aggne Global Inc. The deal is valued at $28.5 million. This acquisition will increase Wipro's total shareholding in Aggne Global to 80%. The transaction is expected to be completed by June 5, 2026.

The Economic Times

Infosys, Wipro, TCS, other IT stocks jump up to 4%: What’s behind the bullish sentiment in a muted market?

IT stocks, including Infosys and TCS, surged up to 4% on Friday, driven by Wipro's expanded partnership with ServiceNow to scale AI workflows. This collaboration aims to integrate Wipro Intelligence with ServiceNow's AI Platform, streamlining enterprise operations and accelerating AI adoption. The move boosted investor confidence in Indian IT companies,…

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The Economic Times

Wipro shares rally over 4% on deal with ServiceNow to scale agentic AI

Wipro's shares surged after announcing an expanded partnership with ServiceNow to integrate Wipro Intelligence with the ServiceNow AI Platform. This collaboration aims to scale agentic AI workflows across enterprise functions, streamlining operations, improving visibility, and accelerating turnaround times for businesses. The partnership focuses on delivering measurable outcomes and enabling scalable…

The Economic Times

Wipro nears record date for Rs 15,000 crore share buyback. What’s ahead for IT major’s 26 lakh shareholders?

Wipro's Rs 15,000 crore share buyback, priced at a premium, is nearing its June 5 record date. Retail investors can potentially achieve double-digit returns over 2-3 months, with brokerages projecting high acceptance ratios based on past trends and lean retail shareholding.

The Economic Times

Diamonds in the dust? Retail investors unleash Rs 17,500 crore on 8 battered bluechip stocks

Retail investors pumped an estimated Rs 17,539 crore into eight battered Nifty bluechip stocks during the March 2026 quarter, betting aggressively on market leaders despite steep declines in portfolio values. HDFC Bank, ITC, Wipro, Infosys, TCS, Reliance Industries and L&T emerged as top retail picks even as their shares fell…

The Economic Times

Wipro's Rs 15,000 crore share buyback at 23% premium: Should you buy before record date?

Wipro has announced a Rs 15,000 crore share buyback. The record date is June 5, with shares to be repurchased at Rs 250 each. This offers a premium to investors. Analysts suggest participation for potential short-term gains. A portion is reserved for small shareholders, with an expected high acceptance ratio.…

The Economic Times

Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher Motors

Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's dividend transfer will impact liquidity and government spending. Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors are in focus. Companies like Suzlon Energy, RVNL, and Pine Labs will…

The Economic Times

Wipro fixes June 5 as record date for Rs 15,000 crore share buyback at Rs 250 apiece

Wipro Limited has set June 5, 2026, as the record date for its Rs 15,000 crore share buyback. The IT major's board and shareholders previously approved the repurchase of up to 60 crore shares at Rs 250 each. This tender offer will allow eligible shareholders to participate in the buyback.

The Economic Times

US firm ContentNexus files patent suit against Wipro

A US patent holder has sued Wipro in a federal court. The company alleges Wipro used patented technology without permission. This involves two patents related to signal processing. ContentNexus LLC filed the complaint. They seek damages and a jury trial. Wipro has not yet responded to the lawsuit. The patents…

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