Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.
Sectors
Jet Airways shares surges upon likely approval of Etihad deal
Shares for Jet Airways increased dramatically after speculation of FIPB approval of Jet-Etihad deal surfaced.
JP Morgan considers sale of physical commodities business
JP Morgan explores options to sell trading and physical commodities businesses. JP Morgan Chase & Co announced that they plan to step out of the business of trading and owning physical commodities which range from oil to metals.
Omnicom and Publicis set for joint venture
Publicis Groupe SA and Omnicom Group are paving the way for the advertising industry's biggest joint venture.
Russian tycoon Nesis sells Uralkali shares to finance railway projects
Russian tycoon Alexander Nesis has sold around US$1 billion worth of shares in Uralkali to fund new projects.
Latest News
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
Handy Hardware gets help from Littlejohn & Co. as the private equity firm takes the reins of the company's acquisition and refinancing.
New Anglo American boss, Mark Cutifani, outlines an aggressive cost-cutting plan to reverse the mining company's poor performance.
Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.
Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.
Intelligent Mechatronic Systems received CAD 4 million investment from BEST Funds. BEST Funds, a venture capital firm based in Toronto, invested CAD 4 million in Intelligent Mechatronic Systems Inc.
Centre for Retail Research aid that the royal baby boy would generate US$373 million retail boom until August 31.
Apple and Los Angeles Unified School District would join forces through a US$30 million-worth deal. Next year, the Los Angeles Unified School District would put 640,000 iPads into the students' hands.
