Wipro Ltd has bagged a $1 billion, eight-year contract from Singapore-based food processing major Olam Group, marking its first mega deal in nearly six years. As part of a broader engagement, the country’s fourth...
Information technology
OpenAI acquires tech talk show TBPN
ChatGPT-maker OpenAI has acquired online talk show TBPN. However, OpenAI did not reveal the terms of the deal. OpenAI confirmed that TBPN will remain editorially independent, keeping full control over its programming...
Infosys to acquire US firms Optimum Healthcare IT for $465 million, Stratus for $95 million
Indian IT services firm Infosys said on Wednesday it had entered into separate agreements to acquire U.S.-based technology companies Optimum Healthcare IT and Stratus in all-cash deals. Infosys will buy...
Amazon acquires Swiss robotics company Rivr to test robots for doorstep delivery
Amazon has acquired Swiss robotics company Rivr to strengthen its doorstep delivery capabilities. The acquisition took place earlier this week. However, the terms of the deal have not been disclosed. The development...
Google completes $32-billion acquisition of cloud security startup Wiz
Google has completed its $32-billion acquisition of cloud security unicorn Wiz, formally bringing one of the biggest cybersecurity startups into Google Cloud, the companies announced in separate blog posts. Google...
Capillary Technologies to acquire Mastercard’s SessionM for $20 million
Software-as-a-service (SaaS) company Capillary Technologies, which manages loyalty programmes for corporates, is acquiring US payments major Mastercard’s loyalty and rewards business SessionM for $20 million in an...
Happiest Minds’ Ashok Soota shrugs off stake sale reports
Happiest Minds’ founder and chairman Ashok Soota said on Tuesday that he was “very much in charge” at the mid-cap IT firm, amid media reports that he was exploring a stake sale. “There is nothing more important than the...
Uber to acquire delivery business of Turkey’s Getir
Uber said on Monday it agreed to acquire the delivery arm of Turkey’s Getir from Mubadala, its Emirati controlling shareholder, expanding the US-based company’s Turkish footprint. Uber did not give a...
Australia’s Qoria to merge with US-based Aura in $675 million deal
Australia-listed Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million ($675.64 million), and then relist the merged entity on the Australian...
Zensar in talks to acquire promoter stake in Mastek
IT firm Zensar Technologies is in talks to acquire an 18–20% stake from promoters of mid-sized peer Mastek, three people familiar with the matter told Mint. The proposed transaction is expected to be valued at over $200...
Capgemini to Divest US Unit Criticized for Contracts With ICE
French IT services provider Capgemini SE plans to sell a US-based unit that’s facing scrutiny over its contracts with US Immigration and Customs Enforcement. The company said it would initiate the sale process of the...
Coforge sweetens India’s largest IT deal after shareholder pushback
Coforge Ltd’s public shareholders rejected the firm’s decision to give private equity giant Advent International the right to nominate members on the board’s audit, nomination, and remuneration panels, forcing the Noida...
