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Infosys is enhancing its global capability centre (GCC) practice by appointing Deval Shah as the new GCC leader. The company aims to capitalize on the rapidly expanding GCC market, focusing on multi-year transformation deals and support for existing centres, as highlighted in an internal note. Recent wins include a significant contract with Lufthansa to establish a GCC in Bengaluru, further solidifying Infosys's commitment to technology transformation in the banking and airline sectors.
Nuvama Institutional Equities has upgraded Wipro to 'Buy' from 'Hold,' raising the target price to Rs 700, citing a favorable portfolio mix and new leadership under CEO Srini Pallia. This upgrade suggests a 20% upside potential for Wipro's shares, which have gained 20% year-to-date, outperforming the Nifty 50. The brokerage anticipates a revival in discretionary spending, benefiting Wipro following recent macroeconomic improvements.
Srini Pallia
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Infosys strengthens global capability centre practice with new leadership appointment
United States Dollar
Infosys Ltd
DEUTSCHE LUFTHANSA
Danske Bank A/S
Citizens Financial Group, Inc.
Wipro Ltd
IND
Salil Parekh
Ravikumar
Srini Pallia
Sailaja Josyula
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17:41 21.04.2025
Nuvama upgrades Wipro to buy citing turnaround potential and growth prospects
07:18 28.11.2024
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