Page 15 - Wipro

Wipro CEO Pallia has challenging tasks cut out in reviving firm's fortunes

Wipro's new CEO Srinivas Pallia, who took over the reins from Thierry Delaporte, has challenging tasks cut out in reviving the company's fortunes, retaining key leaders and restoring morale as he faces tough quarters, weak global cues and discerning shareholders at the USD 11 billion IT services firm, industry watchers say. Some analysts believe that the outgoing CEO, Paris-based Delaporte whose five-year tenure came to an abrupt end with his resignation on Saturday, could not effectively address many operational and leadership issues at the multi-billion dollar IT powerhouse, that had been lagging peers on performance and operational metrics quarter-after-quarter. "The morale has been sapped out of Wipro for a year now, and this change in leadership is at least six months overdue," Phil Fersht CEO of HFS Research said in a note. Fersht noted that the new CEO will need to "nail down" his plans quickly, give the firm renewed direction, and convince key stakeholders he is the right ..

Stock Market Highlights, April 8: Sensex soars 494 pts, ends above 74,700 for 1st time; Nifty closes at 22,666; Maruti rises 3%, RIL 2%

Stock market updates on Monday, April 8, 2024: In the broader markets, the BSE MidCap and SmallCap indices closed mixed with the former up 0.26 per cent, but the latter down 0.06 per cent

Stocks to Watch: Healthcare, Titan, UB, Wipro, Zee, Voda Idea, Adani group

Stocks to watch on Monday, April 08, 2024: Shares of healthcare related firms likely to be in focus as Manipal nears acquisition of Medica Synergie.

Srini Pallia's job as Wipro CEO: Drive growth, stem senior-level exits

Pallia joined Wipro in 1992 as product manager and moved to the US in 2000 as general manager, US central

Wipro CEO Thierry Delaporte steps down, Srini Pallia takes charge

Delaporte will continue in his role until the end of May, working closely with incoming CEO Pallia and Wipro Chairman Rishad Premji

Wipro CEO Thierry Delaporte resigns; Srinivas Pallia named successor

Srinivas Pallia, who was the CEO for the company's Americas 1 area, will take over as the new CEO and Managing Director from April 7

Wipro aims to become AI-first firm; more than 220K trained in GenAI

Till date, over 220,000 of our employees have completed training on AI fundamentals and the responsible use of AI, said Subha Tatavarti, Chief Technology Officer, Wipro Ltd

Wipro GE Healthcare to invest Rs 8K cr in 5 yrs on medical devices, R&D

Wipro GE Healthcare on Tuesday said it will invest over Rs 8,000 crore in India over the next five years to increase local manufacturing and research and development (R&D) initiatives. The company, a leading global medical technology, pharmaceutical diagnostics, and digital solutions provider, said as a part of the investment, its 'Made in India' PET CT Discovery IQ scanner will be exported to 15 countries. Additionally, locally produced Revolution Aspire CT, Revolution ACT and MR breast coils will be manufactured 'In India for the World', the company said in a statement. The strategic investment bolsters the company's local manufacturing footprint to address the growing domestic and international market. It will also build supply chain resiliency for the organisation, it added. Wipro GE Healthcare Chairman Azim Premji said India is riding the resurgent growth in the healthcare industry and rapidly expanding MedTech sector. "With 'Make in India', we are witnessing an exponential .

IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall

FY25 outlook muted for the sector, say analysts

Wipro promotes 31 staff to senior roles after top-level exodus: Report

The promotions, seen by industry watchers as a move to stem senior-level attrition, came after a series of high-profile exits at the country's No.4 software services exporter

Stocks to Watch on March 21: Wipro, TVS Motor, Torrent Power, RVNL, Krystal

Stocks to Watch on March 21, 2024: Exicom Tele-Systems, Platinum Industries will release their Q3 results today

Wipro appoints Anne-Marie Rowland as CEO of Capco effective April 1

As CEO, Rowland will report to Delaporte and will become a member of Wipro's Executive Committee

Wipro's health care deals get an artificial intelligence booster shot

"Large deals with committed business transformation and business value delivered through AI, automation, and platform modernisation, are in the pipeline," said Kumar

Stocks to watch: Wipro, JM Financials, JSW Energy, NHPC, Zomato, Aavas Fin

Stocks to watch on 06, March, 2024: Wipro is set to acquire a 27 per cent stake in SDVerse LLC, aiming to enhance its leadership in software-defined vehicle and cloud car engineering services.

General Motors, Magna, Wipro team up for automotive software marketplace

The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software's features and attributes can be listed

Wipro and Nokia launch private 5G wireless solutions for enterprises

The joint solution will initially be made available to customers in the manufacturing, energy, utilities, transportation, and sports entertainment industries

Wipro, Nokia partner to provide 5G private wireless corporate solutions

IT services firm Wipro on Monday said it has partnered with Finnish telecom and IT company Nokia to deliver private wireless solutions to enterprises. Through this solution, enterprises will be able to create an integrated private environment that they can control to better manage their performance and mitigate security risks, as per a statement said. Wipro said the joint private wireless solution with Nokia will "help enterprises scale their digital transformation". This joint solution will provide enterprises with a more secure 5G private wireless network solution integrated with their operation infrastructure, it said. "The solution will bring greater reliability, mobility, connectivity speed, real-time access to business insights, and the ability to process high volumes of data with low latency," the statement said. This AI-driven solution will initially be made available to customers in the manufacturing, energy, utilities, transportation, and sports entertainment ...

Will IT sector be the dark horse of 2024 on rate cuts? What analysts say

Most global traders now expect the first Fed rate cut to be announced in June against early bets of March

Wipro announces collab with Intel Foundry for chip design innovation

The collaboration comes amid rising demand for artificial intelligence chip manufacturing, Wipro said

Nifty IT slides for second day with 1% fall: What's weighing on IT stocks?

The latest inflation data in the US for January, which showed a surprise increase, has kept domestic IT stocks listless from last week