Key Developments: Wipro Ltd (WIT)
7.88USD
17 May 2013
$0.15 (+1.94%)
$7.73
$7.79
$7.93
$7.73
349,669
682,084
$9.23
$6.74
Latest Key Developments (Source: Significant Developments)
Wipro Ltd Acquires Minority Stake In Opera Solutions For INR162 Crore (INR1.62 Billion)-Business Standard
Business Standard reported that Wipro Ltd has signed an agreement to acquire a stake in Opera Solutions, a global big data and analytics company for about $30 million (approx. INR162 crore(INR1.62 Billion)). According to Wipro, Opera Solutions which specializes on machine learning to Big Data flows to extract predictive patterns which are also known as 'signals’. The Company offers a range of solutions that turn these signals into prescriptive actions and improve the productivity and bottom-line growth of clients. Full Article
Wipro Ltd And AT&T Expand Tie-Up-Business Line
Business Line reported that Wipro Ltd and AT&T expanding the relationship and will work together to offer machine-to-machine (M2M) development services and systems integration across all major industries. The agreement focuses on building solutions on AT&T M2M application platform powered by Axeda. Full Article
Wipro Ltd Announces Date Of Payment Of Dividend
Wipro Ltd announced that the payout date for final dividend is fixed as August 02, 2013. Full Article
Wipro Ltd Approves Merger Of Wholly-Owned Subsidiary
Wipro Ltd announced that the Board of Directors of the Company at its adjourned meeting held on April 19, 2013, has approved the proposal for merger of Wipro Energy IT Services India Private Ltd, wholly-owned subsidiary of the Company and Wipro Technologies Services Ltd, a wholly-owned subsidiary of the Company with Wipro Limited. This will be subject to approval of Shareholders, Creditors, High Courts and other regulatory approvals. Full Article
Wipro Ltd Recommends Final Dividend
Wipro Ltd announced that the Board of Directors of the Company at its adjourned meeting held on April 19, 2013, subject to approval of shareholders, have considered and recommended declaration of a final dividend of INR5 per equity share of par value of INR2 each. Full Article
Wipro Ltd Clarifies On Polaris Unit Deal
Wipro Ltd announced that with reference to the news item appearing in a financial daily titled 'Polaris to Approach L&T, Wipro to Sell Services Unit', Wipro Ltd has clarified that as a part of the Company's strategy it is constantly in discussion and consultations with various parties for acquisitions, deals etc. As and when any of those discussions fructify, the Company will be making suitable announcements to the stock exchanges. Full Article
Wipro Ltd's Wipro Infotech Wins Three Year Contract From Emirates NBD-Business Standard
Business Standard reported that Wipro Infotech, the India and Middle East IT Business unit of Wipro Ltd, has won a three year strategic managed services contract from banking group Emirates NBD to deliver end-to-end service transition and transformational services. This includes maintaining the banking group's IT systems through a managed service framework, comprehensive help desk and field support services, a joint statement by the two companies said. It will make the processes more streamlined thereby allowing the bank to offer better services to its end customers. Emirates NBD is a banking group. It as retail banking franchise in the UAE and player in the corporate banking arena. Wipro will support both physically and remotely all Emirates NBD's offices in the Middle East and many of its international offices through a remote support model. Wipro will also maintain and manage more than 8,000 assets of the organisation. Full Article
Infoblox Inc And Wipro Ltd's Wipro Infotech Extends Partnership Agreement
Infoblox Inc and Wipro Infotech, IT Business unit of Wipro Ltd., announced a global reseller arrangement to give businesses and public organizations greater control over their corporate IT networks. Through the reseller agreement, Wipro will offer global customers Infoblox solutions for discovery, real-time configuration and change management, and compliance for the control plane - the layer in between infrastructure like switches and routers, and applications and endpoints like IP phones or virtual machines. Full Article
Wipro Ltd Ties Up With Pingar-Business Line
Business Line reported that Wipro Ltd has partnered New Zealand-based Pingar, a company that provides data management technologies. With this partnership, India’s third software provider gets access to areas such as artificial intelligence and data mining that is used in various verticals . According to this partnership, Wipro will be an original equipment manufacturer (OEM) for Pingar, thereby providing the latter access to a network of clients in a number of regions worldwide, in industries including aerospace, banking, consumer goods, government, manufacturing, medical devices, natural resources, professional services, retail, telecoms and utilities, according to the statement. Full Article
Wipro Ltd Announces Allotment of Equity Shares
Wipro Ltd announced that the Administrative Committee of the Company's Board of Directors at their meeting held over January 16, 2013, was resolved to issue and allot 66,714 equity shares of INR2 each pursuant to exercise of the stock options. The Company also announced that the Administrative Committee of the Company's Board of Directors at their meeting held over January 16, 2013, was resolved to issue and allot 21,868 equity shares of par value of INR2 to JP Morgan Chase Bank, the Company’s depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options. Full Article
Wipro gets nod to meet public holding rules by share transfer
May 9 - Wipro Ltd, India's third-largest software services provider, said the country's capital markets regulator had approved its proposal to meet minimum public shareholding rules through a transfer of shares by its founder group to an independent trust.
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