Wipro, India’s third largest information technology services company, on Monday announced the appointment of a chief operating officer and said it was promoting two internal candidates as presidents.

The Bengaluru-based company named Abid Ali Neemuchwala, former business process outsourcing head at Tata Consultancy Services (TCS), as its group president and chief operating officer (COO), a position lying vacant since A L Rao was made an advisor to the company after he retired in September 2009.

In line with an overall weak trend in equities, the combined market valuation of top nine Sensex companies dropped sharply by Rs 83,209 crore last week, with IT major TCS taking the biggest hit.

Barring Coal India, the rest of nine companies suffered erosion in their market capitalisation (m-cap) for the week ended Friday (March 13, 2015).

Wipro, India’s third largest IT services company, on Monday announced the appointment of Abid Ali Neemuchwala as Group President and Chief Operating Officer (COO), with effect from 1 April, 2015.

In his previous assignment, Neemuchwala headed business process outsourcing (BPO) services for Tata Consultancy Services (TCS) where he spent over 23 years of his career.

Tata Consultancy Services has elevated a woman onto its board of directors, earning the distinction of the being the only top Indian information technology (IT) services company to have a woman as an executive director. The Mumbai-headquartered company said, Aarthi Subramanian, who currently heads the global delivery excellence group had been appointed the executive director to the board for three years.

Tata Consultancy Services has been named as the top employer in Europe for the third consecutive year by a top employers certification agency, citing the Indian IT major as an "exceptional performer" in nine core human resources areas.

TCS, the leading IT services, consulting and business solutions organisation, has been certified as top employer in eight European countries - the UK, Belgium, the Netherlands, Germany, Switzerland, Sweden, Denmark and Norway by Top Employers Institute.

Top software exporter TCS has introduced a new platform which will increase the level of automation in underwriting for insurance business.

"The solution automates the ability to capture, analyse and make use of data in order to determine risk exposure and risk aggregation," the Tata group company said in a statement here.

After decades of low-margin work like server maintenance, India's information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients' needs.

Companies from Tata Consultancy Services to Wipro are all joining Infosys in investing in new, high-end technology, industry watchers say. Earlier this week Infosys bought US automation specialist Panaya Inc for $200 million.

Tata Consultancy Services, the country’s largest provider of information technology, has been recognised as the fastest-growing brand globally in this sector over five years. The study is by London-based Brand Finance, a brand valuation entity.

In 2010-2015, TCS increased its brand value from $2.3 billion to $8.7 billion, while retaining the highest brand strength rating of AA+. It was also recognised as one of top-four global brands in IT services for a fourth year in row.

Tata Consultancy Services (TCS), India's largest information technology services provider, announced on Wednesday it had partnered Startupbootcamp FinTech, an accelerator, to host Pitch Days in India.

The Pitch Days will be on the TCS campuses on Tuesday in Mumbai and next Thursday in Bengaluru. The one-day events will be open to early-stage start-ups in the financial technology sector.

Tata Consultancy Services (TCS), India's largest IT services provider today announced that it has partnered with Startupbootcamp FinTech, a leading accelerator focused on financial innovation, to host the Pitch Days in India.

The Pitch days will be held in the TCS campuses on February 24 in Mumbai and February 26 in Bangalore.

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