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Wipro shares fall on slowdown in deal closures, pricing pressure
“Even if the government continues to be a spectator rather than a driver, I think we can get 6% (GDP growth). If the government becomes a driver – becomes an active participant in the growth of the economy – then 8% growth is achievable,” he said and the
12 Jun 2012, 10:17 AM IST 
Inside an IKEA store in Stockholm, Sweden
Confirming its forecast of muted revenue growth in the June quarter, IT major Wipro told analysts Monday that the company was witnessing a slowdown in deal closures in the current quarter. Near term pressures are likely to continue and June quarter will be weak, the management said. Shares in Wipro, India's third biggest software services exporter, fell the most on the Nifty index Tuesday. The stock traded 2 per cent lower at Rs 39...
