Duncan Aitchison

Wipro’ s improving fortunes in the big deals arena have received a further boost in the shape of an end-to-end platform services contract with Wealthtime, a leading UK finetch. The agreement sees Wipro partner with GBST, the customers technology partner for the last 15 years, in a joint co-delivery model to develop, deploy and manage a digital-first, customer-centric service offering. Under the deal, Wealthtime’s Operations and Technology & Change functions and staff will transfer to Wipro’s newly established UK centre of excellence for business processing, based in the Southwest area.

Over the last twenty-four hours, five of the six offshore-centric majors have announced new initiatives focused on the full NVIDIA AI stack. TCS, Cognizant, Wipro, Tech Mahindra and Infosys all unveiled expanded collaborations with the chip giant at the AI Summit in Mumbai, which has taken place over the last three days.

Bringing you opinionated, authoritative research & analysis on the UK technology scene.

Bringing you opinionated, authoritative research & analysis on the UK technology scene.

Bringing you opinionated, authoritative research & analysis on the UK technology scene.

Yesterday Rachel Reeves delivered her budget. While its contents contained few surprises, the package of £40bn of tax increases and a surge in borrowing averaging over £32bn a year announced is the largest rise to be made by any chancellor for more than three decades. Together, the measures aim to help the government deliver a big boost to investment and Departmental spending with the former viewed as essential to driving economic growth.

Tax, borrow, invest, grow?Yesterday Rachel Reeves delivered her budget. While its contents contained few surprises, the package of £40bn of tax i...

The first budget of the new Parliament saw Chancellor Rachel Reeves raise taxes by £40.1bn a year in 2028-29 to help deliver the government’s plans for economic stability and boost public investment. Entitled 'Fixing the Foundations to Deliver Change', the Office of Budget Responsibility (OBR) described it as “a scale of tax raising not seen prior to that since the March 1993 Budget”.

Bringing you opinionated, authoritative research & analysis on the UK technology scene.

Five months on from revealing the intent to sell its Worldgrid business to ALTEN ( see here ), Atos has signed the binding €270m Share & Asset Purchase Agreement with the French Engineering and IT services specialist. The finalisation of the deal, which will close before the end of the year, follows Atos’s recent announcement that all of its planned financial restructuring transactions are expected to be completed between November 2024 and December 2024/January 2025 ( see here ). This will see €2.9bn of financial debt equitized and the company receive €1.5 to €1.675bn of new money debt.