Business Today
Subscribe
NRICareer & JobsUS NewsInvestors CornerIn PicsWeatherFuel PricesPMS TodayBT Reels
BT India at 100BT Infra SummitEY Business Today Hidden Gems 2026
Search
Advertisement
Business News
markets
stocks
Wipro shares in focus as IT major announces stake buy in AI firm a day after Q2 earnings 

Wipro shares in focus as IT major announces stake buy in AI firm a day after Q2 earnings 

Wipro shares closed 1.58% higher at Rs 173.70 on Thursday. Market cap of the firm rose to Rs 1.72 lakh crore. 

Join Our WhatsApp Channel
Aseem Thapliyal
Aseem Thapliyal
  • Updated Oct 16, 2026 9:01 AM IST
Wipro shares in focus as IT major announces stake buy in AI firm a day after Q2 earnings FLARRE.AI deals in AI based products and platforms. Wipro said its objective through the deal is to enhance AI capabilities for the global insurance sector.

Shares of Wipro Limited are in focus today after the IT firm said it would acquire 20% shareholding in FLARRE.AI, Inc through its step-down subsidiary - Wipro IT Services, LLC. The acquisition is expected to be completed by October 31, 2026.

FLARRE.AI deals in AI based products and platforms. Wipro said its objective through the deal is to enhance AI capabilities for the global insurance sector.

Advertisement

The cost of buying 20% stake is $2,000.

Wipro shares closed 1.58% higher at Rs 173.70 on Thursday. Market cap of the firm rose to Rs 1.72 lakh crore.

FLARRE.AI, Inc. is an agentic AI platform purpose-built for insurance, and its suite of AI SDLC agents across different core insurance platforms, helps carriers accelerate implementation and deployment across product launches, expansions, upgrades, and migrations.

The FLARRE.AI, Inc. Insurance Native Agentic Orchestration Platform combined with Insurance knowledge graph and an Enterprise AI Control plane, embeds agentic intelligence directly into underwriting, claims, and other workflows across the full insurance value chain, to deliver unprecedented gains for operations teams.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Follow us on

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Oct 16, 2026 9:00 AM IST
    Follow Us onChannel

    TOP STORIES

    TOP VIDEOS

    market today

    LATEST

    Read more