WIPRO

The BSE Sensex rose 0.8 percent on Thursday to its highest close in nearly three months after strong manufacturing data in India and other major economies from China to Germany eased growth concerns and bolstered risk appetite.

The BSE Sensex rose 0.57 percent on Friday to its highest close in six weeks, as appetite was bolstered by strong results from software services exporter Wipro (WIPR.NS) and the country's No. 3 private lender Axis Bank (AXBK.NS).

The BSE Sensex Thursday gained 2.70 percent on hopes for a surge in foreign fund inflows after the world's six major central banks moved to tame a liquidity crunch for European banks.2

India has the highest percentage share of family businesses in Asia, accounting for 67 percent of total listed companies with market capitalisation of more than $50 million.

The BSE Sensex fell 0.4 percent on Monday as investors turned cautious after four straight sessions of gains, amid weak sentiment in Asian markets, with automakers among the key losers after Maruti Suzuki posted a sharp fall in quarterly profit.

The BSE Sensex fell more than 1.5 percent on Tuesday, dragged down by IT stocks after Tata Consultancy Services reported lower-than-expected quarterly earnings and said the outlook for pricing was tough.

India's software services companies are set to report strong revenue growth when they kick off their quarterly earnings next week. However, a slowing U.S. economy and the debt crisis in Europe may crimp orders.

Wipro, India's No.3 software services exporter, is considering selling data centres and other computer hardware assets of its U.S. unit Infocrossing, the Economic Times reported on Monday, quoting unnamed officials and bankers familiar with the talks.

Outsourcing leader Tata Consultancy Services (TCS) sees opportunity as corporate customers embrace new technology, although a poor economy means that overall spending in the United States and Europe will stay weak.

Electro-mechanical projects firm Voltas Ltd is in advanced talks to buy the water purification and treatment business of India's No.3 software services exporter, Wipro Ltd, The Times of India said, citing unnamed sources close to the development.

RIM shareholders have long questioned this executive management arrangement at the top, and now with the stock in a deep free-fall (shares have plunged about 60 percent since February), calls are getting louder for either or both of the CEOs to step down

RIM shareholders have long questioned this executive management arrangement at the top, and now with the stock in a deep free-fall (shares have plunged about 60 percent since February), calls are getting louder for either or both of the CEOs to step down

Indian software services exporter Mahindra Satyam posted on Monday a net loss for its fiscal fourth quarter, hurt by a one-time expense due to settlement of a U.S. shareholder lawsuit, sending its shares down as much as 6 percent.

Indian technology companies are now looking to hire fresh engineering graduates from American universities, as stringent immigration norms and high unemployment in the US make local hiring attractive, said a media report.

India’s second biggest software services company Infosys Technologies Ltd has launched a program called Talent Strategy 2015 to deal with a large number of global hires, attract talent and stem attrition to boost revenue per employee.

The BSE Sensex fell 1.7 percent on Tuesday to its lowest close since August, extending January's worst monthly slide in more than two years, as inflation worries and hardening interest rates continued to spook investors.

The BSE Sensex erased early gains and was trading down 0.4 percent on Thursday, as the near-term outlook for foreign funds' interest was far from promising due to better prospects elsewhere.

The companies that reported earnings after the markets close on Thursday are: Google, AMD, Capital One, International Game Technology, Wipro, Consolidated Edison, Maxim Integrated, Flextronics, Intuitive Surgical, Polycom...

India’s third largest software exporter Wipro Ltd. has announced the resignation of the joint Chief executives of its IT Business, Suresh Vaswani and Girish Paranjpe

Wipro Ltd surprised markets with the resignations of the joint-CEOs of its information technology business, after reporting profit growth rates which lagged rivals Infosys Technologies LTd and Tata Consultancy Services.

Wipro, India's third-largest software exporter, said a deluge of outsourcing orders helped the company see its third-quarter jump 9.6 percent.