Categories
Technology

Wipro included in 2021 Bloomberg Gender-Equality Index

EAST BRUNSWICK, N.J. & BANGALORE, India — (BUSINESS WIRE) — #Bloomberg–Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been included in the 2021 Bloomberg Gender-Equality Index (GEI).

Wipro is one of 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index (GEI). This is the second consecutive year that Wipro has been included in the Index.

The GEI brings transparency to gender-related practices and policies at publicly listed companies increasing the breadth of environmental, social, governance (ESG) data available to investors. The comprehensive, transparent GEI scoring methodology allows investors to assess company performance and compare across industry peer groups. The reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.

“At Wipro, our focus is on building a culture of inclusion by breaking stereotypes and biases and promoting equitable practices. We value our diversity and believe that there is much to learn from the varied perspectives and experiences of others. We are honoured to receive this recognition as it highlights how incredibly committed we are to gender equality,” said Sunita Cherian, Chief Culture Officer & Senior Vice President, Corporate Human Resources, Wipro Limited.

In 2012, Wipro signed the Women Empowerment Principles (established by UN Global Compact and UN Women) showing its commitment to the agenda of gender equality and women empowerment at the workplace. The Women of Wipro (WoW) framework, a unique life-stage based approach that recognizes the needs and expectations of women at different life/career stages, is the foundation for Wipro’s internal policies, processes and initiatives that promote gender inclusion & empowerment. Over the years, Wipro has introduced several initiatives for women including focused mentoring programs, behavioral development programs, structured upskilling initiatives for women in technology and concentrated efforts to create an ecosystem of support and enablement for women returning from maternity break.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Contacts

Purnima Burman

Wipro Limited

purnima.burman@wipro.com

Categories
Business

Retail investing continues its upward trend in Q2 as DriveWealth sees record retail investing activity

CHATHAM, N.J.--(BUSINESS WIRE)--DriveWealth’s retail investing hit new highs in Q2 amid the ongoing global economic uncertainty due to the pandemic, with fractional share trades increasing 87% from Q1, according to new data released today by DriveWealth, a leader in global digital trading technology. Data from the DriveWealth platform indicates this surge in retail activity is evidence of a larger paradigm shift in retail investing.

Some of the key Q2 findings from DriveWealth’s proprietary data, which monitors investment activity by individual investors from across its network of global partners including Revolut, Stake and Hatch into the U.S. equities market, include:

  • A 214% increase in Q2 trading volumes compared to Q1
  • Trading activity doubled (100% increase) in Q2 compared to Q1
  • The number of trades placed per account increased by 33%

“In common with other brokers, we’ve seen record levels of retail account openings and trading activity following March’s market correction,” said DriveWealth Founder and CEO Bob Cortright. “While the correction has no doubt attracted many new entrants into the market, we believe that the pandemic and social distancing measures have also served to accelerate the move into digital financial services. Interestingly, account openings among investors aged 60-plus outpaced other age groups, highlighting the move towards digital is far from a millennial-only phenomenon.”

DriveWealth’s data also found a few notable trends regarding trading behavior. Around 70% of all trades on the DriveWealth platform were to buy shares versus sell and the average trade size was $211, up 56% compared to Q1.

Fractional share trades – where less than one share is purchased – also increased in Q2, with a 208% increase in fractional purchases by investors in Latin America compared to Q1. This compares to a 129% quarter-on-quarter increase in fractional trades in the U.S., a 108% increase in EMEA and 65% uptick in APAC.

“Given that single shares of frequently traded stocks such as Tesla and Amazon trade are priced in the thousands of dollars, it’s no surprise that fractional share purchases are proving popular among investors,” said DriveWealth President Julie Coin.

Most traded tickers

The report found that the most traded symbols traded in Q2 continued to be large, recognizable global brands and technology companies, while in the U.S. specifically, Vanguard ETFs proved popular.

Many of the most frequently traded stock symbols are those expected to benefit from trends associated with the global COVID-19 pandemic, including services facilitating the mass shift to working from home (such as Google and Zoom), home entertainment (Netflix and Disney), digital payments (Apple and Google) and online retail (Amazon and Walmart).

In addition to the big-name brands, non-U.S. investors were also investing in more volatile stocks that were featured in the News including Hertz, American Airlines and petroleum companies such as Callon and Oasis.

The top 10 traded symbols on DriveWealth’s platform in Q2 were:

U.S. investors

Non-U.S. investors

Vanguard S&P 500 ETF

Tesla

Vanguard Tax-Exempt Bond ETF

Hertz

Amazon

American Airlines

Vanguard Extended Market ETF

Apple

iShares Short-Term National Muni Bond ETF

Callon Petroleum

Apple

Oasis Petroleum

Whiting Petroleum

Amazon

Hertz

Boeing

Tesla

Whiting Petroleum

Vanguard FTSE Developed Markets ETF

Delta Airlines

The full report can be accessed on the DriveWealth website.

About DriveWealth

DriveWealth Holdings, Inc., wholly owns DriveWealth, LLC, a member of FINRA and SIPC. DriveWealth, LLC is a licensed carrying and self-clearing broker offering digital brokerage solutions to broker-dealers, advisors and online partners worldwide through its proprietary investment platform. DriveWealth, LLC delivers access to the U.S. securities markets along with an array of digital products that power both emerging and established financial companies. For more information, please visit DriveWealth.com.

Contacts

Media:
DriveWealth
Will Hernandez

drivewealth@backbaycommunications.com