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Wipro rises 2%
The Wipro scrip rose two per cent amid falling market to Rs 604.15 after the net profit of the company rose 19 per cent to Rs 1,162 crore in the second quarter of the current financial year, as compared to the same quarter a year ago.

Dishnet most congested mobile network in June
Dishnet Wireless Ltd, part of Aircel group that offers GSM mobile services in northern and eastern states, was the most congested mobile network in April-June this year, Trai said today.

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Wells Fargo to raise $10.4 bn in share sale, repay funds
Wells Fargo & Co, seeking to wipe away the tarnish of US government bailout funds, kept pace with rival banks by announcing a $10.4 billion share sale to help repay the Troubled Asset Relief Program. The San Francisco-based bank plans to return all of the $25 billion that taxpayers invested last year, according to a company statement issued on Monday.
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Cognizant acquires US consultancy firm

Nasdaq listed IT company Cognizant Technology Solutions Corp today announced the acquisition of Pepperweed Advisors, the IT consulting services division of US-based Pepperweed Consulting, for an undisclosed sum. - Cognizant inagurates Rs 180 cr facility in Coimbatore - Cognizant, SAP AG tie up - Financials put Pandit on top among NRI-run firms - Cognizant Q1 profit climbs 11% to $113 mn - Cognizant eyes buyouts in Asia-Pacific - Cognizant back in search of Satyam New Jersey headquartered Cognizant, which provides consulting, technology and BPO services, has over 50 global delivery centres and over 64,000 employees and most of them are based in India. "The acquisition brings to Cognizant"s IT Infrastructure Services practice a strategic consulting capability," Cognizant said in a statement. It had earlier acquired another US-based consultancy firm SVC and professional services firm AimNet. Pepperweed Advisors said it uses its proprietary best practice process models and software to act as an advisor to IT companies. Cognizant shares were up 2.31 per cent at $35.34 on Nasdaq at close yesterday. "We welcome Pepperweed Advisors to the Cognizant fold as we strengthen our Cognizant Business Consulting offerings," said Cognizant President and CEO Francisco D"Souza. "Pepperweed helps to round out our ITIS consulting portfolio while enhancing our ability to serve as trusted advisors to our clients," he added. "Process improvement is a top priority for IT infrastructure and operations leaders in 2009," said Cognizant Vice-President (ITIS) Robert Boles. Pepperweed Advisors brings us intellectual property, IT process models, and detailed delivery kits that deepen our domain expertise and enable hands-on implementation for our clients, leveraging our ITIL-based global service delivery framework," he added. Pepperweed Advisors has developed substantial intellectual property and IT process models, including the Pepperweed Process Model. An "ERP for IT" reference model containing over 20 processes, which has been downloaded by more than 2,000 IT professionals in 80 countries. In addition, Pepperweed has created PathFinder 2.0, a process-to-technology enabled software system that provides clients access to, and ongoing management of, their IT process and best practices content in a full-featured, easy-to-use Web application.


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