Wipro Digital, the digital business unit of Wipro Limited, today announced its intention to acquire Designit, an award winning and global strategic design firm specializing in designing transformative product-service experiences.

This investment marks a further stage in Wipro’s move to evolve the digital offer it takes to market, combining its reputation and heritage in deep engineering and transformative technology with human centered-design methods.

TCS’s results exhibit that sector demand momentum continues to suffer from lack of exuberance, with different segment-specific issues causing a miss in growth versus consensus at TCS for the last four quarters. While in isolation there is nothing major to fault in the numbers, soft manufacturing and slightly weaker European growth in Q1 led to the miss.

HPCL has been the primary gainer of recent macro trends such as: a) low oil prices, b) successful implementation of direct benefit transfer (DBT) for LPG, c) higher than long-term average marketing margins in diesel and petrol after deregulation and d) robust GRMs. The company’s high leverage to marketing business makes it the primary gainer of these trends among all OMCs.

The defence division of Tata Motors, the country's largest automobile maker, is eyeing Rs 60,000 crore of contracts to build combat vehicles. There is a silent race between companies to have the largest piece of the $100-billion worth of defence acquisitions laid out by the government over the next decade from local companies.

The company has bagged a Rs 914-crore contract to supply 1,239 indigenously developed high mobility multi-axle vehicles, the single largest order awarded by the army to an Indian private original equipment manufacturer in land systems under the Defence Procurement Policy.

A day after the Gujarat government banned Sunfeast Yippee noodles and Bambino macaroni in the state, ITC, maker of the former, said it was not informed or allowed to present its position on the matter.

"We would like to categorically state that the company has not received any communication from the state authorities regarding the levels of lead in Sunfeast Yippee noodles being higher than the permissible limit," an ITC statement said. "We are deeply pained that no opportunity was given to the company to explain its position as required by law."

State-run BHEL today said that it has commissioned the second 500 MW unit at Tuticorin Thermal Power Station (TPS) in Tamil Nadu.

"Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the second 500 MW unit at Tuticorin Thermal Power Station (TPS)," the company said in a press release today.

Global software major Infosys Ltd will offer its flagship Finacle product to service US banks’ Verizon cloud platforms.

“We will offer solutions to US banks and financial institutions through the software-as-a-service (SaaS) model, which is serving 547 million customers worldwide,” the city-based bellwether said in a statement on Friday.

BSE Sensex and NSE Nifty rocked in volatility ahead of Industrial Production data (IIP). The benchmark BSE Sensex gained.

87.74 points up to end at 27,661.40 after a choppy trade. NSE Nifty gained 32.00 points to close at 8,360.55.

Tata Motors today said it has bagged an order for supplying 1,200 multi-axle trucks to the Indian Army.

It is the single largest order awarded to an Indian company in land systems by the Indian army and comprises 1,200 units of high-mobility 6X6 multi-axle trucks, Tata Motors said in a statement.

Microsoft today released the new version of its productivity suite for Mac users with the debut of Office 2016 for Mac. The updated software is first being made available to Office 365 subscribers, the company says – meaning those who have either an Office 365 Home, Personal, Business, Business Premium, E3 or ProPlus subscription. A standalone version will not become available until September, notes Microsoft, and pricing for that option is not yet available.

With an Office 365 subscription, Mac users have a range of pricing plans available depending on their needs. Pricing for home users is $6.99 per month for Office 365 Personal, $9.99 per month for Office 365 Home, and there are also plans available for students who may be able to get Office 2016 for Mac for free or for a significant discount, Microsoft says.

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