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ETMarkets Morning Podcast (ETMarkets.com)
04:58 Min | June 28, 2021, 8:41 AM IST
Tune in as we tell you what s happening in the market, what s making news this morning, and look at some of the buzzing stocks.
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Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first
Golden Cross on RIL tech charts signal 10% upside
Technical analysts project Nifty to top 16,000 mark this week
FIIs have turn net short on stocks after 40 months
Analysts see more legs in leaders of discretionary sectors
Wipro arm buys aerospace manufacturing facility in US for $31 million © Provided by The Times of India
BENGALURU: Wipro Givon USA, an arm of Wipro Infrastructure Engineering, is buying the Washington manufacturing facility of Boeing supplier TECT Aerospace Group Holdings for $31 million.
Wipro’s bid for the manufacturing site was the only qualified offer submitted, TECT told the US Bankruptcy Court for the District of Delaware, a Bloomberg Law report said. The court gave the go-ahead for the deal.
TECT Aerospace manufactures complex aerostructure components, parts, and assemblies. It produces thousands of assemblies and parts that are used in flight controls, fuselage/interior structures, doors, wings, landing gear, struts & nacelles, and cockpits. An email to Wipro Givon asking for a confirmation and details about the deal did not elicit a response.
Wipro Aerospace unit to acquire Boeing supplier for $31 million
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