India's Wipro shares gain on acquisition, order win report
MUMBAI Dec 10 (Reuters) - Wipro Ltd, India's No.3 software services provider, gained 2.5 percent in pre-open trade after the company in a statement on Sunday said it would acquire L.D. Waxson Group, a Singapore-based consumer goods company, in an all-cash deal worth about $144 million.
Dealers also attribute gains to reports in the Economic Times newspaper that Wipro has bagged a $200-million (10.9 billion rupees) technology service contract in Europe, citing a person with direct knowledge of the negotiations.
link.reuters.com/myp54t (Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Anupama Dwivedi)
- Tweet this
- Share this
- Digg this
- China building South China Sea island big enough for airstrip - report
- Pakistani family sentenced to death over "honour killing" outside court
- Bill Cosby says he does not have to 'answer to innuendos': report
- Hitler watercolour fetches 130,000 euros at Nuremberg auction
- China's rate-cut likely to hurt banks, curb new loans to small borrowers
Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts. Article