Indian software services provider Wipro Ltd. (WIT) agreed to acquire a Singapore-based consumer goods company LD Waxsons for about $144 million in cash, according to the several media reports. The acquisition is expected to be closed within 60 days.
In early November, Wipro had said that it decided to spin off its non-IT related businesses into a separate unlisted company, Wipro Enterprises Limited. Wipro's board had approved the demerger of the Wipro Consumer Care & Lighting, Wipro Infrastructure Engineering and Medical Diagnostic Product & Services business into a separate company.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.