Wipro Share Price Live Updates: Wipro's Stock Performance Declines by 1.87% This Week
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News18
13 hours ago
- News18
Gujarati Bizman Rejected Jinnah's Offer To Become Pakistan's 1st Finance Minister. His Son Is…
Azim Premji's father, Mohamed Hasham Premji, founded Western India Products Ltd in 1945. It later changed its name to Wipro. Wipro founder chairman Azim Premji turned 80 recently. A big name in business, Premji played a big role in strengthening Wipro's business interests in sectors like cooking oil, IT, BPO and R&D services organisation after his father, Mohamed Hasham Premji, passed away in 1966. But, not many know that Muhammad Ali Jinnah himself offered the post of Pakistan's Finance Minister to Mohamed Hasham Premji. Hasham Premji belonged to a Gujarati Ismaili Muslim family. He founded a vegetable oil company called Western India Products Ltd in 1945, the same year his son Azim was born. When the partition happened in 1947, Premji and his family chose to stay in India. Reports suggest that Jinnah, the founding father of Pakistan, was keen to have Hashem as a cabinet minister and had even personally approached him on the matter. Dinesh C Sharma mentioned this incident in his book The Long Revolution—the birth and growth of India's IT industry, explaining that Mohamed Hasham Premji had been offered the post of Pakistan's first Finance Minister. Premji, also known as the 'Rice King of Burma', had moved to Bombay with his family for trading. How Western India Products Ltd Became Wipro Western India Products Ltd was mainly focused on producing sunflower vanaspati oil. It shifted to making soaps and other consumer care products later. In 1966, Azim Premji dropped out of Stanford after his father's death and assumed responsibility for the business. He expanded the company, making a foray into IT and other sectors. Under his leadership, the firm changed its name to Wipro Products Ltd and then to Wipro Ltd in 1982. Wipro is now one of India's most well-known companies. Azim Premji is listed in the Bloomberg Billionaires Index with a net worth of $11.8 billion. He stepped down from leading the company in 2019 and his son Rishad became the executive chairman of the conglomerate. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
a day ago
- News18
Wipro liquidates Hungarian step-down subsidiary
Agency: PTI Last Updated: New Delhi, Jul 25 (PTI) IT services firm Wipro on Friday said its step-down subsidiary Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag has been voluntarily liquidated. Confirmation of the liquidation was received from the Hungarian Court of Registration on July 25, 2025, according to a regulatory filing by the company. The decision has been taken with an intent to rationalise and consolidate Wipro's overall group structure, it said. The Hungarian subsidiary contributed no operational revenue during the last financial year, with other income reported at Rs 2.9 crore and a net worth of Rs 18.5 crore, accounting for only 0.02 per cent of Wipro's net worth. PTI ANK ANK BAL BAL Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
a day ago
- Economic Times
Wipro, DLF shares trade with dividend eligibility today; set to go ex-dividend on Monday
Some of the prominent companies, including Wipro and DLF, are set to trade ex-dividend on Monday, July 28, making today, Friday, July 25, the last day to purchase shares and remain eligible for their upcoming dividend payouts. ADVERTISEMENT Wipro, one of India's leading IT services firms, has announced an interim dividend of Rs 5 per share, with the record date fixed for July 28. To qualify for this dividend, shareholders must ensure that their purchase of Wipro shares is completed before the market closes today. The shares of Wirpo closed flat at Rs 261.90 on the BSE on Thursday. Further, real estate major DLF has also declared a final dividend of Rs 6 per share. With the record date set for Monday, July 28, today marks the cut-off for investors to be eligible for the benefit. The dividend is part of the company's distribution for the financial year, and reflects its strong performance and cash shares closed 1.5% lower at Rs 828.95 on the BSE on Thursday. As per standard settlement timelines, the ex-dividend date falls one working day prior to the record date, making Friday the final day for purchase to be considered for shareholder eligibility. ADVERTISEMENT Apart from Wipro and DLF, some other companies have also announced dividend payouts with the same record date of July 28. These include: (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
