BENGALURU: The leadership transition at Wipro occurred earlier than anticipated, while LTIMindtree is currently engaged in succession planning. Both organisations seem to favour internal candidates for the CEO position.As Debashis Chatterjee‘s tenure as LTIMindtree CEO will end next year, two internal candidates are competing for the role: COO Nachiket Deshpande and president of sales Sudhir…
MUMBAI: Not just pure play chocolate makers but dairy giant Amul, ice-cream brand Baskin Robbins, even snacking and cereal brand Kellanova, and other companies across the spectrum are beginning to feel the pinch of higher cocoa prices.Amul is looking to hike the price of its chocolates by 10-20%, Jayen Mehta, MD at Gujarat Cooperative Milk…
BENGALURU: Going by major financial metrics, one could say that Thierry Delaporte did not make things worse for Wipro than his predecessors had already done. In one significant respect, the outgoing CEO actually did better – share price. Wipro’s share price since Delaporte took over has risen 116%, compared to 81% for TCS, 94% for…
Reliance Industries (RIL), Tata Motors, and Indian Oil Corporation (IOC) are set to be the primary bidders for the government’s experimental project involving green/grey hydrogen (H2) in the transportation sector. This initiative aligns with the government’s goal to decarbonize the Indian economy, lessen reliance on fossil fuel imports, and position India as a leader in…
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…
NEW DELHI: Despite simmering discontent among Vistara pilots over reduced pay as their airline readies for a merger into Air India by the year end, over 98% of the 1,000-odd pilots have signed the new agreement for the same. The Tata Group is in the process of merging its low-cost carriers — AIX Connect (erstwhile…
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…
Wipro CEO Thierry Delaporte has resigned, with Srinivas Pallia set to take over from April 7, the IT major announced on Saturday. Pallia, previously the CEO for the Americas 1 area, will step into the role of CEO and Managing Director. Wipro announced the appointment of Srini Pallia effective immediately. “He succeeds Thierry Delaporte, who,…
Do you own an SUV? You may want to check again, since the criteria for determining GST rates on Sports Utility Vehicles are very specific. In India, Sports Utility Vehicles or SUVs have gained immense popularity, constituting every second car sold. However, as per the official SUV definition, they represent only about one-tenth of total…
IT sector hiring: Leadership hiring in the IT sector is on the rise after a period of stagnation. IT companies are keen on filling pending leadership positions and exploring new roles post elections in India, the US, and the UK. The optimism stems from the hope for a more stable and favorable business environment. Headhunters…
