Wipro Chief Azim Premji stated this in his speech at the Wipro Limited's Annual General Meeting here while giving a short overview on the overall environment.

The Street expectations from the company were muted as IT major had already warned of a muted performance in the said quarter on account of furloughs and Chennai-floods.

The stock fell even as the IT major posted posted 1.8 per cent rise in its consolidated net profit in line with analysts' estimates.

The Bangalore-headquartered firm had posted a net profit (after tax, minority interest and share of profit of associates) of Rs 2192.8 crore in the year-ago period.

Corner-office salaries are moving northwards even as junior and mid-level pay remains stagnant, widening the compensation divide among ranks.

\"What we are doing is we are creating a group that we internally call as Unicorns. Unicorns are the people who can really work across multiple technologies and design and this will be a very very small group. This will be a group of about may be 200 to 250 people,\" Wipro CEO and Member of Board T K Kurien told reporters.

Wipro and its CEO and Board Member T K Kurien and HCL Technologies President and CEO Anant Gupta have been awarded the Women's Empowerment Principles (WEPs) Leadership awards.

BPO major Genpact names NV 'Tiger' Tyagarajan as its President and Chief Executive Officer, replacing Pramod Bhasin who has decided to step down as CEO and member of the Board.