Wipro’s new CEO and MD, Srinivas Pallia, will receive a maximum compensation of $7 million per annum for the first two years, including a cash compensation that may range from a minimum of $1.75 million and a maximum of $3 million per annum.The IT major in a filing with BSE also said that the former CEO, Thierry Delaporte will be paid $4.33 million in the form of cash compensation and applicable social security contributions, subject to appropriate deductions. Meanwhile another exchange filing...
Nasdaq-listed software-as-a-service major Freshworks said on Wednesday that its founder Girish Mathrubootham had stepped down as the company’s chief executiveThe Chennai- and San Mateo, California-headquartered SaaS firm, which focuses on providing CRM (customer relationship management) software tools to enterprises, has named its president Dennis Woodside as the new CEO. Mathrubootham will take on the role of executive chairman at Freshworks.“This decision was not made lightly and comes with a...
Bloomberg's Megan Scully discusses Texas Democratic Congressman Henry Cuellar's indictment under bribery and corruption charges. She states that this seat may be more up for grabs for Republicans as this is an election year. She also talks about the latest on the FAA Bill and if Congress will get it passed before it's deadline next week, and shares her insight on whether or not Rep. Majorie Taylor Green will act upon her motion to vacate and oust Speaker Mike Johnson. Megan speaks with Kailey...
Qualcomm CEO Cristiano Amon was bullish about his company’s prospects for 2024 due to robust demand for premium and AI-enabled devices.
Financial Perspectives Inc reduced its position in Onsemi (NASDAQ:ON – Free Report) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240 shares of the semiconductor company’s stock after selling 410 shares during the period. Financial Perspectives Inc’s holdings in Onsemi […]
A woman in New York who was using TikTok to sell unauthorized weight-loss drugs, including products labeled Ozempic, is facing charges of smuggling and receiving and distributing misbranded drugs, federal prosecutors said.
(Reuters) -Shares in Apple Inc closed up 2.5% on Monday after a well-known analyst at Bernstein Societe Generale Group upgraded the stock to an "outperform" rating, pointing to the prospects for phone replacement phone sales with help from generative artificial intelligence updates. Apple registered its biggest one-day percentage gain in more than two weeks after the upgrade, which marked the stock's first "buy" equivalent rating from Bernstein's Toni Sacconaghi since early 2018. Sacconaghi...
Spinnaker Trust decreased its position in Linde plc (NASDAQ:LIN – Free Report) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,992 shares of the basic materials company’s stock after selling 241 shares during the quarter. Spinnaker Trust’s holdings […]
Bfsg LLC cut its holdings in shares of LKQ Co. (NASDAQ:LKQ – Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,913 shares of the auto parts company’s stock after selling 284 shares during the period. Bfsg LLC’s holdings in LKQ […]
Federal officials raided Cuellar’s home and campaign office in January 2022 as part of an investigation into U.S. businessmen with links to Azerbaijan.
Girish Mathrubootham has stepped down from the role of chief executive officer of Nasdaq-listed software firm Freshworks, transitioning into the role of executive chairman.Dennis Woodside has taken charge as CEO effective 1 May, Freshworks said during its first-quarter earnings call on Thursday. Woodside, who had previously been CEO of Motorola Mobility and chief operating officer of Dropbox, joined Freshworks as president in 2022.Shares of the San Mateo, California-based company fell more than...
Norden Group LLC lessened its holdings in shares of Morgan Stanley (NYSE:MS – Free Report) by 21.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,640 shares of the financial services provider’s stock after selling 1,558 shares during the quarter. Norden Group LLC’s holdings in Morgan Stanley […]