Stocks to Watch: Wipro, L&T, Adani Green, Vi, Cochin Shipyard, ZEEL, Titan

livemint.com:

Wipro: Thierry Delaporte, the CEO and MD of Wipro, has stepped down from his role, as announced in a regulatory filing by the company on April 6. His term as CEO was originally set to conclude in July 2025, but it was prematurely ended with his resignation announced late on Saturday. Delaporte will be officially relieved of his CEO duties from May 31, 2024.

Srinivas Pallia, the former CEO of the company's America region and a veteran of the company with over three decades of service, will assume the role of the new CEO and MD from April 7, 2024. His tenure will last for five years, as stated by the company in its Saturday statement. Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure.

This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts. To align with this new business approach, the division has been renamed L&T Precision Engineering and Systems, effective from April 1. AM Naik, Chairman Emeritus of L&T, said in an exclusive interview with Mint, "We have developed all our technology in-house.

We do not have any foreign technology partners." Currently, the company holds several overseas defence contracts and has recently secured maintenance contracts for two ships of the United Kingdom's Royal Navy at its Kattupalli shipyard. Adani Green Energy: The company has announced plans to invest approximately ₹1.5 trillion by 2030 to establish the world's largest renewable energy plant at the Khavda renewable energy park in Gujarat. This plant, with a capacity of 30 gigawatts, was revealed by the company's head, Vneet Jaain, during a media interaction on