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Stock Market & Financial Investment News

News Breaks
July 12, 2012
07:28 EDTPTI, WIT, INFYInfosys CEO says clients not confident, outlook weak, NDTV reports
Infosys (INFY) CEO said the company's results and its visibility are being negatively impacted by a lack of confidence at large clients based on the macro environment, according to an interview summarized by NDTV Profit. The Fly notes that Infosys shares plunged in Indian trading after the company cut its guidance. Peers of Infosys include Wipro (WIT), which was also sharply lower in Indian trade, and Patni Computer (PTI). Reference Link
News For INFY;WIT;PTI From The Last 14 Days
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February 11, 2016
10:26 EDTPTIProteostasis Therapeutics opens at $8, IPO priced at $8
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10:14 EDTPTIProteostasis Therapeutics IPO indicated to open at $8, priced at $8
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09:33 EDTWITWipro downgraded to Equal Weight from Overweight at Morgan Stanley
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09:02 EDTWITWipro to acquire HealthPlan Services for $460M
Wipro Limited announced that it has signed a definitive agreement to acquire HealthPlan Services from Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. As part of the agreement, Wipro will acquire 100% of HealthPlan Services' shares for a purchase consideration of $460M. This transaction is subject to customary closing conditions and regulatory approvals and is likely to be completed in next 60 to 90 days.
07:19 EDTPTIProteostasis Therapeutics 6.25M share IPO priced at $8.00
The deal size was increased to 6.25M shares from 3.85M shares and was priced below the $12.00-$14.00 range. Leerink and RBC Capital acted as joint book running managers for the offering. For complete deal analysis and commentary, visit The Fly's Syndicate section.
February 10, 2016
10:00 EDTINFYInfosys McCamish, M Financial extend BPO contract to 2025
Infosys McCamish Systems LLC, an Infosys BPO company, and M Financial Group announced a 10-year extension of their BPO contract till 2025. For the last 15 years, Infosys McCamish has been managing the customer care center, policy administration, and claims processing activities for Magnastar.
February 8, 2016
09:03 EDTWITWipro awarded 5-year management contract by ASSA ABLOY
Wipro announced that it has won an IT infrastructure transformation contract from the ASSA ABLOY Group, headquartered in Sweden. As part of the five-year agreement, Wipro will consolidate ASSA ABLOY's existing data centers in the EMEA region and implement a cloud-based service model, which will include IaaS and PaaS. The deployment will leverage Wipro's BoundaryLess Data Center offering and will provide a full suite of IT infrastructure management services to ASSA ABLOY's global organisation. This solution will bring in a high level of agility, and a consumption-based IT service model powered by a user-friendly service catalog.

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