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IT majors were largely sceptical about the Centre's decision to extend the ‘work from home’ option in companies in Special Economic Zones for one more year.
The move comes at a time when India's No 4 software services exporter is dealing with a plethora of problems ranging from weak client spending to tough competition from larger rivals
Metal, energy and power stocks witnessed selling pressure while buying in auto and consumer durable counters capped the losses.
The company has issued termination letters to all the affected employees and stated that despite adequate training, they have failed to perform.
They had recently acquired the Kerala-based food brand Nirapara
With this acquisition, Wipro Consumer Care joins FMCG firms such as Dabur, Emami, Tata Consumer Products Ltd and ITC, which are already present in the spices market.
Wipro will also set up a Data Centre, Disaster Recovery Centre, Near DR (Disaster Recovery) and command centre, implement the latest RBI cybersecurity frameworks, and provide facility management services for five years.
iD Fresh Foods founded in Bengaluru in 2005, is run by CEO PC Musthafa, who hails from Kerala, and his four cousins Abdul Nazer, Shamsudeen TK, Jafar TK and Noushad TA
Neemuchwala, 52, will continue to hold the office of the CEO and managing director, until a successor is appointed for a smooth transition and to ensure that business continues as usual
Chennai is one of 21 cities that a government think-tank warned last year could run out of groundwater by 2020. This year's monsoon is delayed, further compounding problems across a swath of western and central India.