Wipro shares nosedived over 9 pc after missed earnings expectations
Shares of IT major Wipro nosedived on Monday by nearly 9.3 per cent over missed expectations in its April-June quarter results and a weak guidance for the next quarter.
Global software major Wipro’s Chief Strategy Officer Rishad Premji has been appointed the new Nasscom Chairman for 2018-19, said the Indian IT industry’s apex body on Tuesday.
“Rishad Premji, the member of Board of Wipro, succeeds Raman Roy as the Chairman for 2018-19,” said the National Association of Software and Services Companies (Nasscom) in the statement.
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Rishad is the son of Wipro Chairman Azim Premji.
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Keshav Murugesh, the Group Chief Executive Officer of the Mumbai-based global business process management company WNS Global Services, has been appointed the new Vice Chairman for the period.
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