Wipro CEO Thierry Delaporte’s resignation: Shares fall as quick turnaround unlikely

Shares of Wipro on Monday fell around 1% to the day’s low at Rs 479 on BSE after investors were left surprised by the sudden exit of the Bengaluru-based IT major’s CEO and MD Thierry Delaporte. About half of the brokerages have a sell rating on the Nifty IT stock as they believe that transition … Read more

Thierry Delaporte: Wipro CEO Thierry Delaporte quits, to be replaced by Americas chief Srini Pallia

Wipro on Saturday said its chief executive officer Thierry Delaporte was leaving the company effective immediately “to pursue passions outside the workplace”. He will be replaced by the Americas head of the company Srini Pallia, the company said in a notification to the exchanges. “I’d like to express my gratitude to Thierry for his leadership … Read more