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WIPRO CFO LAWSUIT
Cognizant faces US court verdict for discriminatory practicesCognizant plans to appeal against the verdict. The case Christy Palmer vs. Cognizant was initially filed in 2017 and addresses plaintiffs’ ...
The Great CFO Shuffle: Top execs are playing financial musical chairs in India's IT sectorIn the past year, the IT sector has seen notable CFO transitions, including Jatin Dalal's move from Wipro to Cognizant. Legal disputes over...
Cognizant to pay Rs 4 crore to settle CFO Jatin Dalal’s lawsuit with WiproCognizant’s CFO Jatin Dalal settled a non-compete lawsuit with Wipro for $505,087, covering legal fees, per SEC filing. Wipro cited confide...
Tata 1mg’s FY24 report; Cognizant-Wipro CFO lawsuit settledEpharmacy Tata 1mg reported a 21% rise in revenue to Rs 1,968 crore for FY24. This and more on today’s ETtech Top 5.
Investors flock to new-age food brands; ecommerce sales reportHappy Wednesday! Investors are showing a strong appetite for new-age food brands, with notable investments and expansions taking place. Thi...
Zomato Q4 earnings; Blinkit edges closer to profitabilityFood delivery major Zomato reported a lower-than-expected quarterly profit of Rs 175 crore on Monday. Details on this and more in today’s E...
Wipro to settle lawsuits against former executives Jatin Dalal, HaqueWipro's new CEO, Srinivas Pallia, plans to settle legal issues with former executives like Jatin Dalal for contract breaches. Settlement de...
Non-compete clauses: Unenforceable under law, but companies love themWhile Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include ...
Restless investors, turnaround hopes await Wipro’s new CEO Srinivas PalliaWipro CEO Thierry Delaporte resigns, Srinivas Pallia takes charge facing tough times. Must boost morale, focus on large deals, client minin...
IT gives bears a bull hug!Despite muted earnings in the previous quarter and little expectations of major recovery in the next quarter, what is driving the rally in ...
Q3 results: HCLTech bucks trend, Wipro's woes continueHCLTech, India's third-largest software exporter, outperformed expectations with a 6.2% rise in net profit and a 6.5% increase in revenues ...
Cognizant gets its mojo back under new CEO’s watchExperts say ‘people's person’ Ravi Kumar wins back competitiveness on large deals. He is also getting major talent back to Cognizant, and h...
Wipro's case against former CFO Jatin Dalal referred to arbitrationOn January 3, Wipro and Dalal were directed to resolve the case under section 8 of the Arbitration Conciliation Act, 1996. The official ord...
IT executive exodus: a primer on breach of contract, lawsuitsIT major Wipro has filed at least two legal complaints against its former senior executives including former senior vice president Mohd Haq...
Explainer: A primer on breach of contract, lawsuitsWipro and Infosys are pursuing legal action against former executives joining Cognizant, raising questions on non-compete clauses' validity...
Wipro seeks Rs 25 crore damages from ex-CFO Jatin Dalal for breach of non-compete ruleAs 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...
Indian IT firms fight it out to foil plans of talent-fishing companiesPlagued by a slew of senior-level management exodus, Wipro has filed lawsuits against at least two of them. In another instance, Infosys, t...
Wipro sues former CFO Jatin Dalal who joined rival CognizantFormer Wipro CFO Jatin Dalal joined Cognizant on December 1. While the reasons for the suit remain uncertain, the next hearing is scheduled...
Uber inks pact with Tata Motors for supply of 25,000 EVs; Wipro cuts salary package offered to freshersRide-hailing company Uber has signed an agreement with Tata Motors to induct 25,000 electric vehicles (EVs) into its fleet. Uber will deplo...
Most desi IT companies sued for staff bias in 2018National Grid supplies energy to more than 20 million people through its networks in New York, Massachusetts, and Rhode Island.