Wipro opens GIFT City hub to scale AI-led BFSI transformation

Exam-focused facts from the 20 March 2026 current affairs briefing.

Key facts

Wipro Ltd opened a new hub at GIFT City, Gandhinagar, to deliver AI solutions for global banking, financial services and insurance (BFSI) clients.
The facility will focus on digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernisation.
The hub starts with 150 seats and can scale up to 500 seats based on client demand.
Sanjeev Jain, Chief Operating Officer at Wipro, said the GIFT City presence is a strategic investment to scale Wipro Intelligence for the global BFSI industry.
Wipro posted 1.2% sequential growth in December-quarter revenue at USD 2,635.4 million on a constant currency basis.
Q3 margins expanded nearly 100 basis points to 17.6% from 16.7% quarter-on-quarter.
Wipro shares closed 2.79% lower at ₹188.87, March 19, ahead of the announcement, and have fallen 26% over the last six months.