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
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article