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...
New Wipro chief executive, Srinivas Pallia who has just completed two weeks at his office, revealed his strategy to revive growth at the fourth-largest IT service major. After taking over the charge, he spoke to media for the first time during the announcement of Q4 earnings.Pallia, who has been with Wipro for over three decades, said, during the Q4 earnings that the building blocks are firmly in place, and he is committed to build on this. “While I remain optimistic about the long term, it is...
Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group), effective April 2024.
New Jersey residents whose jobs are in New York pay taxes there. A new incentive will pay New Jersey residents who sue over the rule.
A conscientious learner driver repeatedly used his indicators as he led police on a high-speed chase. McKenzie Ridley raced away from police during a ten-minute danger dash because he was worried his mum would find out he had been pulled over. The 18-year-old, who had recently failed his theory test, went the wrong way around a roundabout, ploughed through red lights and successfully swerved to avoid a stinger. But bizarre dash cam footage of the chase shows the teenager, who smirked at the...
China Mobile appointed He Biao as CEO three months after previous chief Dong Xin resigned following his appointment to a government position, with CFO Li Ronghua filling the role in the interim.
WhatsApp has rolled out new features, including a "more secure way to log in."
Unity (NYSE: U) (the “Company”), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across mu
The North Carolina native who was born after the Patriots first Super Bowl win will soon get used to the harsh winters of New England.
The redesigned Sonos app arrives to simplify music navigation.
Fibre network infrastructure provider Zayo Group has appointed Colman
Peloton’s CEO Barry McCarthy is stepping down after announcing yet another round of layoffs, this time affecting about 15 percent of its remaining workforce, or roughly 400 global team members. It’s the fifth round of layoffs to hit the pandemic darling and comes a year after McCarthy said on its Q1 2023 earnings call that the company was done with layoffs and that the “ship was turning.” “Hard as the decision has been to make additional headcount cuts, Peloton simply had no other way to bring...