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Wipro CEO Exits After IT Services Giant Falls Further Behind Infosys, TCS

Saturday, February 1, 2020, 7:54 AM

Wipro Ltd CEO Abidali Z Neemuchwala is leaving after a turbulent four-years during which growth stalled and the Indian IT-services giant fell farther behind rivals Infosys and TCS. Mr Neemuchwala will remain at his post until a new CEO is appointed, the company said in a statement. Wipro, whose clients include Levi Strauss & Co. and Pitney Bowes, slid as much as 2.3% Friday.
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TCS launches SaaS platform for FIs to automate asset servicing

Tuesday, September 24, 2019, 8:31 PM

Tata Consultancy Services announced on Tuesday the launch of the TCS BaNCS Cloud for asset servicing, which it said automates the servicing of all classes of assets across all markets. It is targeted at custodians, broker dealers, asset managers and investment and private banks, TCS said in a statement. The platform provides end-to-end business operations management capability.
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Cognizant's aggressive hunt for sales executives may set off a talent war

Tuesday, September 3, 2019, 8:44 AM

The IT services industry may see a battle for talent on Cognizant Technology Services' plan to hire 500 sales-executives to ramp-up digital-technology-based services. The Teaneck, New-Jersey-based tech services company could eye employees of rival software services providers such as TCS, Infosys, IBM, Wipro, Tech Mahindra and also Mindtree/Larsen & Toubro Infotech, as it aims to ramp up talent skilled in digital technologies, analysts said.