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Wipro CEO Thierry Delaporte resigns, Srinivas Pallia takes charge facing tough times. Must boost morale, focus on large deals, client mining, integrate acquisitions, manage industry analysts, and address executive departures for company revival.
ET had reported on April 1 that Bengaluru-based Byju's delayed salaries for workers again as amid a severe cash crunch.
STG acquires Eka Software Solutions, merging with Quor Group to offer a wide software suite. Eka focuses on CTRM for soft markets, Quor on metals. Garg advises amid market volatility, global asset solutions, supply chain disruption, and customer hedging needs.
European politicians embrace TikTok for voter outreach despite security concerns. ByteDance denies spying allegations. Major leaders like Biden, Macron, and Scholz engage with TikTok to connect with young voters and counter far-right influence.
Justifying his work in an email to employees at Wipro, Thierry Delaporte said that the IT services major is seen as a “transformation partner” by its clients and is set for future growth. This even as Wipro has come under fire in the last few years for underperformance compared to its larger rivals. There has also been multiple senior level exits from the company.