Indian-American executive Srini Gopalan has been appointed chief executive officer of telecom operator T-Mobile, amid ongoing debates over H-1B visa policies. Gopalan's appointment, effective from November 1, 2025, comes as US President Donald Trump signed a proclamation imposing a staggering $100,000 fee on new H-1B visas, triggering widespread panic, concern and fear among Indian professionals on work visa.
IT services major Wipro on Friday reported a 7 per cent decline in consolidated net profit to Rs 3,119 crore in the third quarter of FY26, weighed by a one-time provisional impact of Rs 302.8 crore due to the implementation of new Labour Codes.
IT services firm Wipro on Thursday reported a marginal increase in consolidated net profit to Rs 3,246.2 crore in the July-September quarter, even as company CEO and MD Srini Pallia asserted that the demand environment remains robust with discretionary spends shifting towards AI-related projects.
'The scale and depth of talent here plays a central role in core software product engineering for some of the biggest brands in tech.'
'We remain cautious in this environment, and the uncertainty continues.'
Wipro has once again chosen to bet on an insider who has grown through the ranks to lead the company. Srini Pallia has spent over three-decades at Wipro and it's the only company he has ever worked with. Till now, Pallia was heading the Americas-1 unit.
IT company Wipro on Thursday reported a 21.2 per cent increase in its consolidated net profit to Rs 3,208.8 crore for the second quarter of FY25. It had reported a profit of Rs 2,646.3 crore in the year-ago period. The revenue from operations for the reporting quarter was Rs 22,301.6 crore, a 0.95 per cent decline from Rs 22,515.9 crore in Q2 FY24.
According to the police, the survivor played a crucial role in exposing her alleged abusers by saving their phone numbers and documenting their details, all vital evidence in the case.
Wipro on Wednesday reported a 25.9 per cent year-on-year rise in consolidated net profit for the March quarter to Rs 3,569.6 crore, but warned of a weak quarter ahead with up to 3.5 per cent expected drop in IT services revenue for Q1FY26, amid global uncertainties. CEO and Managing Director Srini Pallia said clients remain cautious in the face of macroeconomic uncertainty.
IT services company Wipro on Friday reported a 24.4 per cent year-on-year rise in its consolidated net profit for the just-ended December quarter at about Rs 3,354 crore. The Bengaluru-based tech major saw its revenue from operations inch up by 0.5 per cent to about Rs 22,319 crore.
The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said. Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020. Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.
Even as Srini Pallia, a Wipro veteran, is set to take charge as the chief executive officer (CEO) of the company, analysts expect the stock's underperformance to continue in the near-future. This, they believe, will be on the back of likely loss of market share, and difficult business environment. "We expect Wipro to underperform peers on growth once again in FY25 as channel checks and media reports suggest Wipro is losing share with select clients across multiple verticals.
Indian IT major Wipro on Saturday announced the resignation of its CEO Thierry Delaporte and named Srinivas Pallia as the new chief executive officer effective immediately. Wipro's Board noted the resignation of Delaporte with effect from April 6, 2024, the company said in a BSE filing, and added he will be relieved from the employment of the company with effect from the close of business hours on May 31, 2024.
Banned former IPL commissioner Lalit Modi again took to micro-blogging site twitter to attack BCCI president N Srinivasan accusing him of "orchestrating the retention policy" to suit his side Chennai Super Kings in the upcoming seventh edition of Indian Premier League.
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
IT major Wipro on Friday posted a 4.6 per cent year-on-year rise in its consolidated net profit for the June quarter at Rs 3,003.2 crore. The Q1 FY25 revenue of the Bengaluru-headquartered firm, however, fell 3.8 per cent to Rs 21,963.8 crore.
The first quarter results (Q1FY25) of Indian IT services hint towards better fiscal growth than the preceding year, but as the management commentary said, "there is still some time for the industry to be firing on all cylinders." Among the majors-Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro-it is the Bengaluru-based Infosys that has performed better, which was also evident in its full-year revenue guidance.
Former Indian Premier League chairman Lalit Modi hailed the Supreme Court's observation that N Srinivasan should step down as president of the Board of Control for Cricket in India to facilitate a fair probe into the IPL spot-fixing scandal, saying the Tamil Nadu strongman must now be shown the door once and for all.
With Supreme Court verdict virtually putting a full stop to their administrative career in BCCI, former presidents N Srinivasan and Anurag Thakur joined forces at an informal meeting in Bangalore on Saturday.
Barred by the Supreme Court from contesting the Board of Control for Cricket in India's elections, president-in-exile Narayanswami Srinivasan has called some of the affiliated units for an informal meeting in Chennai on Thursday to decide his future course of action.
In a move towards gender inclusion, Tamil Nadu has partnered Godrej Consumer Products (GCPL) to offer a 5 per cent job reservation for LGBTQAI+ and people with disabilities at GCPL's upcoming fast-moving consumer goods manufacturing unit in Thiruporur in Chengalpattu district. According to industry experts and activists, while companies acknowledge transgender communities, this is the first time the entire spectrum of gender minorities, including lesbian, gay, bisexual, transgender, queer/questioning (one's sexual or gender identity), asexual and intersex, is receiving such a notable share of job participation in the private sector while signing memoranda of understanding with states.
'MNCs now recognise India's capacity for innovation and its pivotal role in substantive contributions to global product development.'
Board of Control for Cricket in India N Srinivasan and his son-in-law Gurunath Meiyappan appeared before the Justice Mudgal Committee in connection with the probe into the IPL spot-fixing and betting scandal, in Chennai.
'We desire to see our children and children-in-law find legal acceptance for their relationship...' Chintan Girish Modi on how parents of LGBTQIA+ Indians have appealed to Chief Justice Chandrachud to 'consider the plea for marriage equality'.
While notable participants among 22 state units were acting president CK Khanna (Delhi), cornered treasurer Aniruddh Chaudhry (Haryana) and current CAB president Sourav Ganguly (joining on tele-conference), the acting secretary Amitabh Chaudhary (Jharkhand) chose to skip the informal gathering keeping a distance from the revolters.
Aditya Verma, the petitioner in the IPL spot-fixing scandal, hailed the verdict, stating that the ball is now in the BCCI's court and cleaning up the mess can start with BCCI secretary Anurag Thakur urging former BCCI president Srinivasan to withdraw his representation from the ICC.
All about India's favorite summer beverage/dessert indulgences.
The secretary of the unrecognised Cricket Association of Bihar (CAB) Aditya Verma has shot off another letter to International Cricket Council, urging the highest cricket body to take instant action against the suspended BCCI president.
A bench headed by Justice A K Patnaik, which had suggested that the probe be conducted by the Justice Mudgal Committee, reserved the order after the Board of Control for Cricket in India and Srinivasan opposed further investigation by the committee and pleaded for setting up a fresh panel.
A First Information Report was registered at Jyotinagar police station, in Jaipur, on Friday, to investigate allegations of match-fixing by Board of Control for Cricket in India president and Managing Director of India Cements Ltd N Srinivasan, and his son-in-law, Chennai Super Kings team principal Gurunath Meiyappan, for conspiring and executing the fixing of an Indian Premier League match on May 12, between Chennai Super Kings and Rajasthan Royals at the Sawai Man Singh stadium in Jaipur.
Board of Control for Cricket in India secretary Anurag Thakur says former president Narayanswami Srinivasan will continue as ICC chairman till September after which the Board will chalk out a way forward at its Annual General Meeting.
Will it be Naryanswami Srinivasan or Mustafa Kamal?
Former Board of Control for Cricket in India president Narayanaswami Srinivasan will be back in focus as some of the Board's state units plan to prop up his name at its Special General Meeting on Sunday despite COA seeking Supreme Court directives on this issue.
Back as president of the Board of Control for Cricket in India after the Supreme Court's ruling, under-fire N Srinivasan said he did not quit despite calls for his ouster as he had done nothing wrong.
In its quest to paint a rosy picture on the health of Indian cricket, Board of Control for Cricket in India president N Srinivasan and former treasurer Ravi Savant's note in the Board's Annual Report doesn't have a single mention of the spot-fixing scandal that rocked the sixth edition of the Indian Premier League.
The Supreme Court on Tuesday insisted that suspended president Narayanswami Srinivasan should stay out of the Board of Control for Cricket in India's affairs and action must be taken against his son-in-law, Gurunath Meiyappan, who was indicted in the IPL spot-fixing case.
Director M G Srinivas speaks about his debut film Topiwaala
The Board of Control for Cricket in India has filed a 238-page writ petition in the Supreme Court in order to get clarity about whether its former president N Srinivasan should be allowed to attend the Board meetings.
Cricket Australia Chairman Wally Edwards has come out in strong support of the BCCI receiving a lion's share of world cricket revenue, saying that India deserves a fair compensation for contributing 80 per cent of the revenue by "hiring out" its team while an Australian write-up says the ICC should now be re-named IAWS.
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