Wipro to acquire Brazilian IT services provider

IANS Indian software major Wipro Tuesday said it has signed an agreement to acquire IVIA Servicos de Informatica Ltda, a specialized IT Services provider to financial services, retail and manufacturing sectors in Brazil, for an undisclosed sum. Founded in 1996, IVIA provides IT solutions including system development, maintenance, consulting and project management services to clients […]

Flipkart of India raises $1.2 billion led by Walmart

iNDICA NEWS BUREAU India’s e-commerce giant Flipkart Group Tuesday said it closed an additional $1.2 billion equity round to support continued development of its e-commerce marketplace. The investment is led by Walmart, Flipkart Group’s majority owner, along with a group of existing shareholders and values the company at $24.9 billion post-money. The money, Flipkart said, […]