Wipro to separate non-IT units to focus on outsourcing

Wipro Ltd, India's No.3 software services provider, said it will fold all its non-IT businesses into a new company and focus exclusively on information technology, sparking a more than 3 percent rally in its shares in Mumbai. The new unlisted firm, known as Wipro Enterprises Ltd, will include Wipro's consumer care, medical diagnostics and infrastructure units, Wipro said in a statement to the stock exchanges on Thursday. Wipr...