Wipro's CFO Resigns, Stock Slides

In a surprising move, Wipro's long-serving CFO, Jatin Dalal, resigns, leading to a 3% slide in the company's stock

Ongoing Leadership Exodus

Dalal's departure follows the exits of Chief Operations Officer Sanjeev Singh and several senior vice presidents, as Wipro continues its years-long business turnaround

Investor Concerns Grow

Analysts at Kotak Institutional Equities express concerns about the loss of key leaders during Wipro's turnaround, potentially impacting investor confidence

Dalal's Career at Wipro

Jatin Dalal, with more than two decades of service at Wipro, resigns to explore new opportunities, paving the way for Aparna Iyer to take over as the new CFO

Challenges in the IT Industry

The IT industry faces challenges due to concerns about high-interest rates in the United States and economic uncertainties, leading to delays and order cancellations

Industry Challenges Persist

Wipro and other IT firms continue to face challenges amid uncertainties in key markets, making the path to recovery more complex