IT services company Wipro's USD 375-million acquisition of HARMAN's Digital Transformation Solutions (DTS) business unit has been completed following regulatory nods, according to a release on Tuesday. The DTS buy was announced on August 21, 2025, and, with the successful closure of the deal, it will begin operating as part of Wipro's engineering global business line, the Bengaluru-headquartered IT company said in its release. "The acquisition of DTS marks a significant milestone in Wipro's commitment to advance AI capabilities, engineering innovation and R&D excellence," the release said. It is pertinent to note that on August 21, Wipro said it has signed a definitive agreement to acquire a 100 per cent stake in the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, for a cash consideration of up to USD 375 million (about Rs 3,270 crore). Under the agreement, more than 5,600 DTS employees, including senior leadership, across the Americas, Europe, ..
Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.
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Analysts attributed the up move to a pullback rally after sharp declines in past sessions. The index is currently 22.72% below its 52-week high of 46,088.90 and is down about 14.8% so far this year.
Technical charts suggest that the IT index may gain another 5%, with heavyweights Infosys, TCS and HCL Technologies possibly rallying up to 17%. Wipro and Tech Mahindra, however, may see tepid trends.
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Wipro's share price fell after its net profit was up 1.15 per cent compared to the same quarter last year
Wipro's Q2FY26 profit rose 1.15% to Rs 3,246 crore and revenue grew 1.7% to Rs 22,697 crore, supported by strong deal wins worth $2.9 billion and steady performance in BFSI
Q2FY26 company results: Waaree Energies, Jio Financial Services, Indian Bank, JSW Infrastructure, and Indian Overseas Bank are also to release their July-September quarter earnings report
Analysts forecast a sequential decline in Wipro's Ebit margin despite rupee depreciation, mainly due to upfront costs linked to large deals, analysts said
Azim Premji has declined Karnataka govt's request to allow vehicles through Wipro's Sarjapur campus, citing legal, governance and SEZ compliance issues in traffic plans
IT stocks such as Infosys, TCS and 3 others could see limited downside from current levels, as they are trading above key support levels, backed by positive cues from momentum oscillators, show charts
Another silver lining for the companies and the markets, analysts said, is the falling dependence on the H-1B visa in the last few years.
The initiative by the IT services giant comes at a time when the company is ramping up its efforts to increase the number of women in its workforce
Global uncertainty, US trade tariffs, and muted growth weigh on Indian IT firms as over 600 major outsourcing contracts near renewal in the second half of 2025
The service is aimed at strengthening and simplifying cybersecurity for client companies
Infosys will repurchase 100 million shares at an average price of ₹1,800 per share, a 19.3 per cent premium to its closing share price of ₹1,509.50 on Thursday
Infosys will buy back ₹18,000 crore worth of shares at a premium, marking its biggest repurchase in a decade. Here's a look at major corporate buybacks in India