On Tuesday, IT major Wipro and General Motors, along with auto parts supplier Magna, announced that they are developing a B2B sales platform to buy and sell automotive software. General Motors has been a client for Wipro for many years. While Wipro disclosed that it has made an investment of $5.85 million by acquiring a 27% stake in SDVerse, GM and Magna will hold 46% and 27% stake, respectively.
Similarly, on Wednesday, Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree signed an agreement to form a joint venture in an IT services company in the Kingdom of Saudi Arabia, to provide information technology services in the Middle East and North Africa (MENA) region.Aramco has been a client for the larger L&T group for many years.
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