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Intent to scale up BFSI portfolio is positive but analysts see integration and execution risks
Is CEO Thierry Delaporte's attempt to bolster Wipro's presence in the BFSI space by acquiring Capco for $1.45 billion a step taken too soon?
On the upside, ONGC, Maruti Suzuki, Nestle India, Titan, Reliance Industries, and L&T supported the markets with up to 2.5 per cent gains
IT services major Wipro's shares on Friday went down nearly 4% in early trade after the firm said it has signed an agreement to acquire Capco
A breakout may lead the stock to Rs 480 and Rs 500 levels
Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the BFSI sector
Indiabulls Housing Finance has raised $150 million by issuing foreign currency convertible bonds, the company said
Many states are open to the idea of petrol and diesel being brought under the goods and services tax (GST) regime - contrary to the perception that they are averse to it.
The acquisition will make Wipro one of the largest end-to-end global consulting, technology and transformation service providers to BFSI
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending June 30, 2021
So far the company has raised $103 million, including a $30 million capital fund announced in June last year
Mulder said he looked forward to leveraging his industry experience to help further clients' digital agenda and strengthen Wipro's footprint in Switzerland
After the recent correction in Nifty IT, the index is gradually rising
The Indian government has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc
Wipro, Mindtree, Mphasis and Coforge from the Nifty IT index were up in the range of 3 per cent to 5 per cent on the NSE
Metropolis Healthcare said it will acquire Dr Ganesan's Hitech Diagnostic Centre
Margins too surprised positively on higher offshoring and utilisation
Wipro Limited on Friday announced that it has been chosen as a strategic technology services partner by Fiat Chrysler Automobiles (FCA)
Adani Enterprises, Berger Paints (I), Bharti Airtel, Eicher Motors, Grasim Industries are among the other notable names