Wednesday, December 18

Tag: wipro

Wipro veteran Malay Joshi takes over Americas 1 unit
11Apr By adminNo Comments
Business

Wipro veteran Malay Joshi takes over Americas 1 unit

BENGALURU: Wipro has appointed Malay Joshi as the CEO of its Americas 1 strategic market unit, effective immediately. Joshi succeeds Srini Pallia, who was appointed as CEO and MD of Wipro on Saturday.Joshi will also join Wipro's executive board. He was previously the senior vice president and business unit head, leading communications, media, tech, retail, travel, hospitality, and public sector industries, which make up one of Wipro's largest business units globally.In this role, he was responsible for helping clients drive successful enterprise transformations among other duties, enhancing client experience, strengthening delivery, and ensuring consistent revenue growth in the sectors he led.Joshi oversees a diverse array of industry sectors, assumes responsibility for the unit's profit ...
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Do non-Indian CEOs at IT firms fit culturally?
10Apr By adminNo Comments
Business

Do non-Indian CEOs at IT firms fit culturally?

BENGALURU: The appointment of non-Indian CEOs at Indian IT companies has presented a curious case of cultural misalignment, as evidenced by the departures of former Wipro CEO Thierry Delaporte and former Cognizant CEO Brian Humphries.Both leaders faced challenges in blending into the cultural fabric of their respective firms. Both CEOs were based in Europe - Delaporte in Paris and Humphries in London - rather than in the US, their primary customer market, or in India, where the delivery engine is located.Their occasional visits to India were insufficient in helping them understand the leadership role-modelling expected by their colleagues, which includes discussing shared goals, commitments to employee well-being and growth, and breaking down invisible barriers.Delaporte said he de-compli...
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Stocks to Watch: Wipro, Biocon, Titan, Adani Group, Voda Idea, Zee Ent, and Others
8Apr By adminNo Comments
Business

Stocks to Watch: Wipro, Biocon, Titan, Adani Group, Voda Idea, Zee Ent, and Others

Stocks to watch on April 8Stocks to watch: Shares of firms like Wipro, Biocon, Titan, Adani Group, Voda Idea, Zee Ent, and others will be in focus on Monday's trade.Stocks to Watch on April 8: Equity markets started the new fiscal on a high as benchmark indices scaled fresh lifetime highs last week. In today’s trade, shares of Nestle India, Titan, Vodafone Idea, Wipro, Tata Steel will be in focus.Healthcare: Shares of healthcare related firms likely to be in focus as Manipal Health Enterprises nears Rs 1,400 crore deal to acquire Medica. Post acquisition, Manipal will become India’s largest hospital chain with over 10,700 beds overtaking Apollo Hospitals in the process.Biocon: The Kiran Mazumdar Shaw led firm, is leading the charge among Indian drugmakers, as they race to grab a slice of ...
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Delaporte quits as Wipro CEO, Srinivas Pallia is new chief
6Apr By adminNo Comments
Business

Delaporte quits as Wipro CEO, Srinivas Pallia is new chief

NEW DELHI: Indian IT major Wipro Saturday announced the resignation of Thierry Delaporte as CEO and named Srinivas Pallia as the new Chief Executive Officer of the company, effective immediately.The announcement comes days before the Bengaluru-headquartered company is scheduled to announce its Q4 and full-year earnings for 2023-24 on April 19. Wipro has been trailing its peers on the performance front with subdued report card and weak guidance and saw a spate of senior-level departures, including CFO Jatin Dalal and chief growth officer Stephanie Trautman, last year.According to a Wipro release, Pallia brings to the CEO role extensive institutional and industry knowledge, as well as a strong track record of leadership through some of the most significant technological shifts the industry ...
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Who is Srini Pallia, Wipro’s new CEO & MD? All you want to know about him
6Apr By adminNo Comments
Business

Who is Srini Pallia, Wipro’s new CEO & MD? All you want to know about him

Wipro has appointed Srini Pallia as its new Chief Executive Officer and Managing Director from immediate effect. In a company statement, IT giant Wipro said the current CEO Thierry Delaporte will be stepping down from the position, but will continue till May-end, working closely with Srini and Rishad Premji to ensure a smooth transition.Commenting on his appointment, Srini Pallia said, “Wipro is one of those rare companies that combines profit with purpose, and I am truly honored to have been chosen to lead this iconic institution.”So who is Wipro’s new CEO Srini Pallia?Srini, a veteran of Wipro for over three decades, has recently served as CEO for Americas 1, the company's largest and fastest-growing strategic market.According to Wipro, during his tenure, he led various industry sectors...
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Wipro may skip salary hikes for top performers with higher compensation
9Nov By adminNo Comments
Business

Wipro may skip salary hikes for top performers with higher compensation

Wipro may skip giving hikes to "top performers with higher compensation" in its largest business line in the upcoming round of salary revisions in December, news agency Reuters reported on Thursday citing an internal memo.  The move comes at a time when the company is dealing with a plethora of problems ranging from weak client spending to tough competition from larger rivals.  "We are doing a selective MSI (merit salary increases) rollout based on our business affordability," Nagendra Bandaru, the managing partner and president of the "Enterprise Futuring" business line told employees in an e-mail, according to Reuters. Wipro will prioritise employees with lower compensation among those eligible for a raise, Bandaru highlighted, adding that "top performers wit...
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Wipro says CFO Dalal resigns, replaced by 20-year veteran Iyer
21Sep By adminNo Comments
Business

Wipro says CFO Dalal resigns, replaced by 20-year veteran Iyer

BENGALURU: Wipro said on Thursday that Jatin Dalal has resigned as chief financial officer to pursue other opportunities after more than two decades with the company.Dalal will be replaced by Aparna Iyer, also a 20-year veteran who was most recently senior vice president and CFO of Wipro's cloud services unit, the company said.While Iyer will take over as CFO on September 22, Dalal will stay on until Nov. 30, Wipro said.Dalal, who became CFO in 2015, and CEO Thierry Delaporte guided Wipro through the pandemic years as demand for digital services boomed.The company's stock surged 57% in 2020 and 85% in 2021. However, it gave up a chunk of those gains last year as demand waned.In July, Wipro and its larger peers flagged an uncertain environment as clients cut spending, and the company said ...
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Markets climb in early trade on firm global trends, encouraging domestic macroeconomic data
4Sep By adminNo Comments
Business

Markets climb in early trade on firm global trends, encouraging domestic macroeconomic data

MUMBAI: Equity benchmark indices climbed in early trade on Monday in line with firm trend in global markets and encouraging domestic macroeconomic data.Fresh foreign fund inflows also added to the optimistic trend in the domestic equity market.Extending its previous day's rally, the BSE benchmark Sensex climbed 243.69 points to 65,630.85 in early trade. The Nifty went up by 91.5 points to 19,526.80.From the Sensex pack, Tata Steel, JSW Steel, UltraTech Cement, Larsen & Toubro, Maruti, HCL Technologies, Wipro and Tech Mahindra were the major gainers.ICICI Bank, Nestle, Asian Paints and Power Grid were among the laggards.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with gains.The US markets ended mostly in the positive territory on Friday.Manufacturing activities ...
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Wipro Q1 Results: Net Profit Rises 12% YoY To Rs 2,870 Cr; Revenue At 22,831 Cr
13Jul By adminNo Comments
Business

Wipro Q1 Results: Net Profit Rises 12% YoY To Rs 2,870 Cr; Revenue At 22,831 Cr

Last Updated: July 13, 2023, 16:00 ISTWipro Q1 Results DeclaredWipro Q1 Results: India’s fourth largest IT services company Wipro on Thursday reported its earnings for quarter ending June 30Wipro Q1 Results: India’s fourth largest IT services company Wipro on Thursday reported a consolidated net profit of nearly 12 per cent year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 2,870 crore. Consolidated revenue increased 6 per cent to Rs 22,831 crore.Technology major Wipro reported a Wipro said its IT Services segment revenue rose 0.8 per cent YoY to $2,778.5 million. Revenue for the IT Services segment fell 2.8 per cent in constant currency (CC) terms in line with the earlier guidance.Total order wins for the quarter stood at $3.7 billion. Large deal wins wer...
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