Wipro, a leading Indian IT company, has been under the spotlight for a string of high-profile exits. CEO Thierry Delaporte s abrupt resignation before his term s end follows a trail of senior departures, including CFO Jatin Dalal and growth officer Stephanie Trautman. Can Wipro s new captain, veteran Srinivas Pallia, navigate the choppy waters? This episode of The Morning Brief podcast dives deep into Wipro s challenges. Was it a leadership crisis under Delaporte s restructuring efforts? How will global economic uncertainties impact them? Host Dia Rekhi speaks with two ace analysts - Phil Fersht of HFS Research and Peter Bendor-Samuel of Everest Group to decode the issues and explore what it ll take for Wipro, under Pallia s leadership, to reclaim its former glory as an IT bellwether. Tune in! Credits: The Economic Times, CNBC-TV18 (1), CNBC-TV18 (2), CNBC-TV18 (3), WION
The company is facing a regulatory lawsuit accusing it of breaching consumer law by selling fares for 8,000 flights that were cancelled in mid-2022, leading to the abrupt resignation of CEO Alan Joyce. In his first interview since these allegations by the country's competition regulator in late August, Chairman Richard Goyder said he has confidence in the Qantas board and that major investors wanted him to continue in his position, the news website said. The ABC report did not mention the names of investors and consumers who have called for Goyder's resignation.