A parliamentary panel's suggestion that CEOs' salaries should be capped has not found favour with industry chambers and leaders, who said the matter should be left to corporates and their shareholders.
Wipro has announced changes in the management structure of its IT business and expansion of its board. The firm appointed Girish Paranjpe, Suresh Senapaty and Suresh Vaswani to the Board of Wipro Ltd. Wipro also re-structured its IT business by appointing Girish Paranjpe and Suresh Vaswani as joint-CEOs. Paranjpe was the president of the banking, financial services & insurance business unit of the global IT business of Wipro. Suresh Vaswani was the president of Wipro Infotech
An interview with Wipro's CFO and executive director Suresh Senapaty where he explains what the new structure will mean for the company.
Wipro has announced changes in the management structure of its IT business and expansion of its board. The firm appointed Girish Paranjpe, Suresh Senapaty and Suresh Vaswani to the Board of Wipro Ltd. Wipro also re-structured its IT business by appointing Girish Paranjpe and Suresh Vaswani as joint-CEOs. Paranjpe was the president of the banking, financial services & insurance business unit of the global IT business of Wipro. Suresh Vaswani was the president of Wipro Infotech
The Bangaluru-based firm has forecast third quarter revenue from its IT services unit in the range of $1.5-1.53 billion.
Senapaty indicated that Wipro's acquisitions, whenever they are made, would be large, saying the company generally avoided very small companies because "the impact is not going to be felt."
Indian IT firms have been announcing incremental increase in billing rates for quite some time now to counter wage hikes and rising visa costs, to name a few.
It has replacements ready even for senior managers, in case someone quits.
Firm evaluating options, could spend over $400 million.
IT major Wipro on Friday reported a 9 per cent rise in Q3 net profit at Rs 2,192.8 crore in Q3.
Company says integration of various businesses will reap fruit.
He is betting on emerging firms to generate ideas and build wealth through Premji Invest
Rishad joined the company in June 2007.
Executive director and chief financial officer of Wipro Suresh C Senapaty has sold 85,000 shares of the company.
Wipro CFO Suresh C Senapaty on Thursday said there is hope of corporate sector sentiments improving after P Chidambaram assumed charge as Union Finance Minister and wanted the Centre to convert it into policy action.
Wipro Ltd, India's third-biggest software services exporter, posted about an 8 per cent rise in quarterly profit as clients in North America and Europe spent more on technology.
IT majr Wipro needs stability at the top deck, say industry watchers.
Wipro Chairman and CEO Azim H Premji received the highest annual remuneration in the company for the fiscal 2006-07. Premji who also holds 79.58 per cent stake in the company, got an annual remuneration of $721,522.
The blockade was imposed by the UNC since November 1, 2016.
The company's net profit went up 27% in December quarter, sequentially better than peers; core IT services up 33%..
The blockade was imposed by the United Naga Council on November 1 to protest against the creation of seven new districts.
Defending champions Karnataka also remained in the hunt for the last-eight berth, securing a five-wicket win over Uttar Pradesh that took their net run-rate to 0.292.
590 cricketers -- including 370 Indian players and 220 overseas players -- will go under the hammer during the two-day mega auction in Bengaluru on February 12 and 13.
Karun Nair returned to form with a patient hundred as Karnataka set a stiff target of 380 for Hyderabad on the third day of their Group 'A' Ranji Trophy encounter.
Talented Mumbai batsman Shreyas Iyer with an attacking 138 stole the show on the final day on Friday as the team's Ranji Trophy Group 'C' match against Tamil Nadu petered out to a draw at the Sharad Pawar Cricket Academy BKC in Mumbai.
A round-up of Ranji matches played on Sunday
Punjab pummelled Delhi by 10 wickets for their maiden win of the season on Friday while handing the hosts their first Ranji Trophy loss at home in five years.
A hard-hitting half century from fit-again Hardik Pandya went in vain as Mumbai grabbed a narrow 29-run first innings lead after tea on day three of their Ranji Trophy Elite Group A match.
A round-up of Ranji matches played across India on Sunday.
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