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Tag: Wipro Adrs

Infosys’ ADRs up 4%, Wipro’s up over 2% despite weak trading on Wall Street
Stock Market

Infosys’ ADRs up 4%, Wipro’s up over 2% despite weak trading on Wall Street

Infosys’ American Depositary Receipts (ADRs) reversed Thursday’s losses on Friday, rising 4% in early trade to hit a day’s high of $14.77, while Wipro’s ADRs rose 2.2% to $2.33 despite selling pressure on the Nasdaq Composite and weak trading in domestic IT stocks for yet another session today.Major indices on Wall Street were trading lower […]

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Wipro ADRs fall 6% as third-quarter earnings decline and deal activity declines
Stock Market

Wipro ADRs fall 6% as third-quarter earnings decline and deal activity declines

Wipro’s ADRs fell nearly 6% on the New York Stock Exchange after the IT services company reported its December quarter results, with investors reacting to weaker year-on-year earnings growth and subdued deal momentum despite improving margins and strong cash generation.US-listed American Depositary Receipts fell after Wipro posted a 7% year-on-year decline in consolidated net profit […]

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Infosys, Wipro ADRs fall to 4% amidst Trump’s proposal for $ 100,000 annual H-1B Visa costs
Stock Market

Infosys, Wipro ADRs fall to 4% amidst Trump’s proposal for $ 100,000 annual H-1B Visa costs

American Deposit Vouchers (ADRs) of large Indian IT companies Infosys and Wipro fell to 4% after the Trump-Administration plan to impose an annual reimbursement of $ 100,000 per H-1B visa, a movement that could significantly influence the companies that depend on foreign skilled employees. During the Intraday trade, the Infosys ADR fell no less than […]

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