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…
India’s diesel exports hit by China, South Korea! India’s diesel exports to Asia saw a significant decline of 63% in March compared to the previous month. This drop was because of tough competition from Chinese and South Korean suppliers, which affected profit margins. Indian refiners shipped 61,000 barrels per day (bpd) of diesel to Asian…
India to soon have ‘One Airspace’: India is moving forward with a plan to streamline its airspace management to enhance efficiency and reduce emissions. The initiative aims to consolidate control over the airspace spanning 2.8 million square nautical miles, currently divided into four regions, under a unified command center in Nagpur. The aim is to…
