BSE500 companies sitting on a huge cash pile



75 companies can dole out Rs 1.1 trillion from the ‘extra cash’ to shareholders.



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Voting rights on 34% of Wipro shares are still with Premji family



The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.



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Azim Premji loosens purse strings further for philanthropy



With the latest action, the value of the philanthropic endowment corpus contributed by Premji is about $21 billion, which includes 67 per cent of the economic ownership of Wipro.



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How Wipro plans to beat Street estimates in profit terms



It had reorganised its India business by carving out public sector undertaking and government businesses. Besides the company had also split its India and West Asia businesses.



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Wipro Q3 net profit rises 31.8% to Rs 2,544.5 crore



“Our strategic investments, backed by strong client relationships and client spends towards enterprise modernisation and digital transformation have enabled us to deliver a very satisfying quarter,” Wipro CEO and executive director Abidali Z Neemuchwala said.



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