Wipro to acquire Harman DTS for $375 mn, Boosting AI-led ER&D
Wipro will acquire Harman's Digital Transformation Solutions unit for $375 mn, adding 5,600 staff and strengthening its AI-driven ER&D portfolio. Analysts are split: Nomura sees revenue gains and a Rs 310 target, while Morgan Stanley and HSBC caution on margin dilution, with targets of Rs 285 and Rs 260. Retail sentiment on Stocktwits turned bullish as Wipro shares held near Rs 250.