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BBCNEWS Business Briefing July 13, 2024 - Vimarsana News

BBCNEWS Business Briefing July 13, 2024

We start with black friday. The annual shopping binge after the thanksgiving holiday is now a global phenomenon, with retailers around the world offering discounts on everything from Kitchen Appliances to tvs to clothing. But its also becoming the focus of concerns about the environmental cost of consumerism. Spending in the us, the home of black friday, is forecast to hit more than 29 billion over the next four days. Theres an added incentive this year us retailers want to do as much business as possible ahead of a new 15 import tax due to hit chinese made goods later this month. It would aff...

Wipro shares rose 116% under Thierry Delaporte's tenure. All eyes now on insider CEO - Vimarsana News

Wipro shares rose 116% under Thierry Delaporte's tenure. All eyes now on insider CEO

Delaporte had joined Wipro on July 6, 2020, when the market capitalisation was around Rs 117,500 crore. It ended at Rs 2.53 lakh crore at the end of Friday's session. After the rejig at the top management, the stock fell up to 1% at Rs 478.40 on BSE on Monday.

Wipro CEO Thierry Delaporte's resignation: Shares fall as quick turnaround unlikely - Vimarsana News

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

Investors will await clarity on any strategic or organisational changes and capital allocation from new CEO and MD Srini Pallia.

Wipro stock price today: CEO Thierry Delaporte's resignation leads to drop; here's what analysts expect | India Business News - Vimarsana News

Wipro stock price today: CEO Thierry Delaporte's resignation leads to drop; here's what analysts expect | India Business News

India Business News: Wipro stock price experienced a 1% drop on Monday, hitting a low of Rs 479 on the Bombay Stock Exchange. The sudden departure of CEO and Managing Director Thierry Delaporte caught investors off guard, leading to concerns about the company's immediate future, said an ET report. Many brokerage firms have issued sell ratings on Wipro's stock, anticipating a period of uncertainty before any potential turnaround.

A phone call, a discussion, and a firing: Behind Delaporte's Wipro exit - Vimarsana News

A phone call, a discussion, and a firing: Behind Delaporte's Wipro exit

To Delaporte’s surprise, Rishad Premji declined to offer a second term, and expressed unhappiness with Wipro's continued underperformance