WIPRO JATIN DALAL

Nifty50 and Sensex, the benchmark equity indices, reached record highs on Friday, reclaiming losses incurred on election day. The surge was attributed to expectations of political stability and forecasts indicating accelerated economic growth.

Nifty on Monday ended 25 points lower to form a minor bearish candle on the daily chart. The up move was not supported by the momentum as on the hourly time frame there is a negative crossover, analysts said.

Wipro's new CEO, Srinivas Pallia, plans to settle legal issues with former executives like Jatin Dalal for contract breaches. Settlement details undisclosed, expected this week. Times of India first reported post-Thierry Delaporte's exit amidst laws...

Nifty ended about 39 points lower on Tuesday to form a Shooting Star pattern on the daily chart to indicate strong possibility of further weakness from current levels.

While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as it’s seen as a soft deterrent, said Jay Parikh, partne...

During Delaporte's four years at Wipro, four Wipro former executives went on to become CEOs outside the company, while three became CFOs even as other senior leaders joined smaller and larger firms in top CXO roles.

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.

Srinivas Pallia, who was the CEO for the company's Americas 1 area, will take over as the new CEO and Managing Director from April 7, the company added.

Pallia succeeds Thierry Delaporte, who is stepping down to "pursue passions outside the workplace", the company said in a statement.

Those elevated include Wipro's chief delivery officer Ajit Mahale, healthcare portfolio leader Anuj Kumar, Canada country head Kim Watson, Europe cloud sales head Srinivasaa HG, the head of its cloud arm's strategy and execution arm Satish Y and con...

On January 3, Wipro and Dalal were directed to resolve the case under section 8 of the Arbitration Conciliation Act, 1996. The official order will be uploaded in the next week.

From Infosys and TCS to Wipro and Tech Mahindra, top-level management in Indian IT majors underwent a major churn in 2023. ETtech looks at it.

As part of the non-compete agreement, one of the clauses bars Dalal from joining any other rival company for a period of 12 months from the date of his resignation.

Former Wipro CFO Jatin Dalal joined Cognizant on December 1. While the reasons for the suit remain uncertain, the next hearing is scheduled on January 3, a person with direct knowledge ET spoke to confirmed.

IT major Wipro has sued its former chief financial officer Jatin Dalal in a civil court in Bengaluru, reported the Times of India on Wednesday. Dalal joined rival Cognizant as the CFO on December 1. According to the report, Dalal has filed an applic...

Dalal will succeed Jan Siegmund, who intends to retire in early 2024, Cognizant said in a release, adding that Dalal will be reporting to chief executive officer Ravi Kumar S.

The company said on Thursday Dalal was resigning to pursue other opportunities after more than two decades with the company, and will be replaced by Aparna Iyer, also a 20-year veteran who was most recently senior vice president and CFO of Wipro's c...

Aparna Iyer has served more than 20 years in the company. She will replace Dalal, effective September 22, Wipro said in a regulatory filing.

In February, Pune-based labour union Nascent Information Technology Employees Senate (NITES) had filed a complaint against the company with the central labour ministry alleging "unethical reduction" in salary offers of more than 4,000 candidates.