Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Wipro signs pact with Maharashtra govt to convert Pune facility to 450-bed COVID-19 hospital; to be handed over by 30 May
Wipro said it will provide the physical infrastructure, medical furniture and equipment besides appointing an administrator and skeletal support staff to help operationalise the hospital quickly.
Indian IT industry now a change originator, not in catch-up mode, say tech honchos; domestic firms getting into product spaces
In an economy that will touch the $5 trillion mark, IT will be a $1.5 trillion industry in itself, said Rajesh Gopinathan, CEO and MD, TCS.
NASSCOM pegs FY20 revenue growth at 7.7% at $191 bn for IT industry in current fiscal; sector adds 2 lakh jobs
The IT industry body had last fiscal discontinued an over two-decade-old practice of forecasting revenue growth, citing the fast-changing dynamics of the industry.
Neemuchwala, 52, will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition and to ensure that business continues as usual, the company said in a BSE filing
Earlier, Wipro had approached SEBI with a proposal seeking the regulator's nod to permit Rishad to continue in the executive role.
Rishad has new ways of thinking, experience and competence; will lead Wipro to greater heights, says Azim Premji
Azim Premji will pass the baton over to his son Rishad in July-end after leading the charge at the company for over five decades
Azim Premji's pay package rose 95% to $262,054 in FY19; CEO Abidali Neemuchwala's package grew 41% to $3.9 mn: Wipro
Rishad Premji, who is set to take over the reins of the Bengaluru-based software services company soon, took home compensation of $987,652 (about Rs 6.8 crore) in 2018-19
Rishad brings new ways of thinking and competence, will lead Wipro to greater heights: Azim Premji to staff
In a message to employees, Premji exuded confidence that Wipro will continually transform to scale new heights as the world changes but remain firmly committed to its values.
Azim Premji, one of the pioneers of the Indian technology industry and founder of Wipro Limited, will retire as executive chairman upon the completion of his current term on 30 July, 2019.
Nasscom ends annual growth forecast, says industry faces major risks from increasing protectionism, lack of talent
The apex software industry lobby Nasscom on Wednesday ended the practice of forecasting annual growth and said it was cautiously optimistic about 2019, citing rising global economic uncertainties arising out of trade wars and protectionism
The theme of World Economic Forum 2019 would be 'Globalisation 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution'
Tariq Premji will join in his father Azim Premji and brother Rishad Premji on the board of the unlisted Wipro Enterprises as a non-executive director
Rishad Premji has been a member of Nasscom's Executive Council and was the vice chairman for 2017-18, Nasscom said in a statement
Nasscom for the first time deferred giving its outlook of the US $155 billion industry in February and postponed to April-June quarter, as the headwinds including immigration and H-1B visas, rise.
"Create a technology which is affordable, create infrastructure which is developmental, create an environment which is inclusive," Prasad said
Wipro Chairman Azim Premji's salary drops 63% to $1,21,853 in FY17, CEO Neemuchwala's up 16% to $2.09 mn
The high compensation for leaders in the tech sector also come under spotlight after Infosys founder N R Narayana Murthy had questioned pay hikes for senior executives at the Bengaluru-based firm.
The new office-bearers are taking charge at a time when the over $140 billion IT sector is facing headwinds like growing protectionism and business shifts towards digital
The titans on Forbes’ second annual list of the world’s richest in technology are worth a combined $892 billion, six per cent more than a year ago. Just over half of the 100 richest in tech are from the US, including eight of the top 10 richest on the list.