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Wipro's new CEO Srinivas Pallia, who took over the reins from Thierry Delaporte, has challenging tasks cut out in reviving the company's fortunes, retaining key leaders and restoring morale as he faces tough quarters, weak global cues and discerning shareholders at the USD 11 billion IT services firm, industry watchers say. Some analysts believe that the outgoing CEO, Paris-based Delaporte whose five-year tenure came to an abrupt end with his resignation on Saturday, could not effectively address many operational and leadership issues at the multi-billion dollar IT powerhouse, that had been lagging peers on performance and operational metrics quarter-after-quarter. "The morale has been sapped out of Wipro for a year now, and this change in leadership is at least six months overdue," Phil Fersht CEO of HFS Research said in a note. Fersht noted that the new CEO will need to "nail down" his plans quickly, give the firm renewed direction, and convince key stakeholders he is the right ..
Four Indian young leaders are among 50 social entrepreneurs, environmental champions, innovators, and human rights activists from across the Commonwealth shortlisted for this year's Youth Awards. The young people, aged between 15 to 29, are all involved in initiatives that make tangible contributions to achieving the Sustainable Development Goals (SDGs). From India, Akshay Makar has been shortlisted under SDG13 Climate Action, Soumya Dabriwal SDG 5 Gender Equality, Kaushal Shetty SDG 11 Sustainable Cities and Communities, and Shrutika Silswal SDG 4 Quality Education. Each year, I am always amazed by the innovative and transformative work these young people are undertaking to create a better world for us all, Baroness Patricia Scotland, Commonwealth Secretary-General. I am particularly proud that 50 young leaders are being honoured in this Commonwealth Year of the Youth. I have always been of the view that development should be youth-led. Those who have been shortlisted prove that