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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
IT company beat private equity firms to acquire a business that has clients in the life science, industrial and consumer sectors.
Software services firm Wipro on Thursday said it has entered an agreement to acquire the Digital Transformation Solutions (DTS) business of Samsung-owned HARMAN. Over 5,600 DTS employees will transition to Wipro at the end of the transaction. The deal is still subject to regulatory approvals and is expected to close by the end of the year.
“Their specialized engineering expertise, combined with Wipro’s consulting-led, AI-powered capabilities, will significantly enhance the value we deliver to clients. DTS’ strong presence in high-growth sectors and strategic markets complements our global footprint and strengthens our position as a trusted transformation partner,” said Wipro CEO …
Trump’s policy shift has hit the IT major’s healthcare business hard. Investors would do well to understand how that is playing out for Wipro’s overall business.
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
