BAE buys United Defense

Britain’s BAE Systems announced a $3.97 billion takeover of US armoured car maker United Defense Industries on Monday, expanding its le...

Britain’s BAE Systems announced a $3.97 billion takeover of US armoured car maker United Defense Industries on Monday, expanding its lead over European rivals in the US market.

BAE said it would pay $75 a share for the maker of the Bradley Fighting Vehicle, a premium of 29 per cent over United Defense’s close of $58.26 on Friday.

The move puts BAE in line for lucrative repair and overhaul work on Bradley vehicles involved in operations in Iraq and Afghanistan. It also gains a company set to play a key role in the $100 billion Future Combat Systems programme, which will provide the US army with a new generation of armoured vehicles. — Reuters

Premji said that Wipro would partner with the Government "to find a lasting solution for Bengaluru's mobility challenges".

Wipro rejects Karnataka Govt request to allow public vehicles inside Sarjapur campus

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Wipro, a leading company in Bengaluru, has refused to allow public vehicles inside its Sarjapur campus to ease traffic congestion. However, they have agreed to finance a study to find a solution for the traffic problem. The founder, Azim Premji, believes that the issue is complex and requires expert analysis. Wipro has also committed to funding a significant portion of the study's cost.

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