Wipro shares fall

India's third largest software services exporter Wipro Limited has joined Infosys in giving a muted forecast for its main IT services business as global spending on outsourcing services have slowed, pushing Wipro's shares down to a nine-month low. Wipro Chairman, Azim Premji disclosed this at a news conference in Bangalore. Wipro reported that it expects September-quarter IT services revenue of $1.52 billion to $1.55 billion, a rise of 0.3 to 2.3 percent from the June quarter while analysts are expecting a forecast of 2 to 4 percent increase.