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Wednesday, November 07, 2007


 

Economy

   Wipro Technologies


 

 

Wipro was set up in the backdrop of the small town of Amalner in Maharashtra in 1945. Primarily an oil factory, the chief products were Sunflower Vanaspati and 787 laundry soap. It was in the early eighties that Wipro made its foray into the Infotech arena. An energetic, committed team of professional R & D and marketing managers came together in Bangalore in 1980. 

References

•  Official site

•  Wipro ePeripherals

•  Wipro weblog

•  Wipro GE Healthcare

•  Azim H Premji

  Stock Quotes

 

With over two decades of experience, Wipro has stamped its presence on the Indian market and leads the Indian IT industry. Headquartered at Bangalore, its business spans India, Asia Pacific and the Middle East. For the year ended March 31, 2005, the revenues touched Rs. 13.96 billion, an increase of 43% year on year.

 

Companies have reiterated many times that no other country can provide efficiencies of scale, cost and quality the way India can. (Indian It Cos Grooming Overseas Centres On The Lines At Home, Business Line, Correspondent or Reporter, Nov 05, 2007)

Polaris Software, a leading Indian software company, has launched its new software testing laboratory here that will inject Australian $5 million (US$4.5 million) into the state of New South Wales (NSW). (Polaris Launches Testing Lab In Sydney, Times of India, Correspondent or Reporter, Oct 31, 2007)

Software major Infosys’s Chief Executive Officer Kris Gopalakrishnan said on Tuesday that his company was ready for an acquisition that would cost $500 million or even more, but ruled out hostile buyouts. (Infosys Says $500 M-Plus Buys Possible, Hindustan Times, Correspondent or Reporter, Oct 31, 2007)

India has emerged as a global leader in the advance of information technology. Yet the country faces a fundamental challenge — building on its successes by enabling greater access to technology for its people. (A New Model For Pc Penetration , The Economic Times, Editorial, Economic Times, Oct 31, 2007)

Again incredible feat by bulls on Monday! They took only six sessions to help Sensex cross record 20,000 point mark in intra-day trade on Monday considering the fact that the same had plunged to a low of 17,171.45 on October 22. (Bulls Play Twenty-20, Pioneer, Correspondent or Reporter, Oct 30, 2007)

The share market has been giving the investors the jitters. Few know which way it would go next. (Share Market Fluctuations, Tribune, Arun Kumar, Oct 29, 2007)

Two of India's biggest IT companies, Infosys and Wipro, are looking for vast expanse of land in West Bengal to expand their operations. (Infy, Wipro Hunt For Land In West Bengal , Deccan Herald, KALYAN RAY, Oct 29, 2007)

THE Chandigarh administration is working towards making the city grow as a knowledge-based one. (Electronic Vision, Frontline, Correspondent or Reporter, Oct 25, 2007)

Demystifying the Global IT Services Industry: Was Rahman and Priya Kurien; Sage Publications India Pvt. Ltd., B 1/11, Mohan Cooperative Industrial Area, Mathura Road, New Delhi- 110044. Rs. 395 (Outsourcing Business, Hindu, Anand Parthasarathy, Oct 23, 2007)

With more Indian carriers tipped to fly to the US, the Mineta San Jose International Airport (SJC) is positioning itself as a major hub for the West Coast with a host of incentives. (San Jose Airport Lures Indian Carriers, Times of India, Correspondent or Reporter, Oct 22, 2007)

From his tree-top-high office, Kris Gopalakrishnan, the head of India's giant software company Infosys, explains the rise of an economic phenomenon about to engulf the world: outsourcers are outsourcing themselves. (India Outsources Outsourcing, Guardian (UK), Correspondent or Reporter, Oct 16, 2007)

Of the 15 proposals listed for the Board of Approvals meeting on October 19, 11 belong to the IT and ITeS sector, including those from TCS and DLF for their new projects in West Bengal and Uttar Pradesh... (Its A Mad Rush For Sezs By It Majors , Deccan Herald, Correspondent or Reporter, Oct 16, 2007)

From his tree-top-high office, Kris Gopalakrishnan, the head of India's giant software company Infosys, explains the rise of an economic phenomenon about to engulf the world: outsourcers are outsourcing themselves. (India Outsources Outsourcing, Guardian (UK), Correspondent or Reporter, Oct 13, 2007)

While political uncertainty looms large, the stock indices ignored all such eventualities as the benchmark Bombay Stock Exchange 30-share sensitive index (Sensex) zoomed past the 18000-mark on Tuesday with the largest single day gain of 788.85 points. (Sensex Crosses 18000-Mark, Hindu, Oommen A. Ninan , Oct 10, 2007)

The stock market barometer Sensex surged by a record 789 points to cross the 18,000-point milestone as investors took heart from the improbability of snap polls and bought heavily in frontline stocks led by Reliance industries. (Sensex Sets New Milestone; Crosses 18,000 Mark, New Indian Express, Correspondent or Reporter, Oct 10, 2007)

Bulls again on Monday tried to conquer 18K mark but failed because of aggressive bears, who were riding on political crisis at the Centre. (Sensex Crashes On Heavy Selling, Pioneer, Correspondent or Reporter, Oct 09, 2007)

The rupee appreciation looks to be hitting jobs in the technology sector. The industry's spends devoted to hiring have hit a speedbreaker. According to industry observers and media analysts, the last few months have seen as much as a 50% decline in . . . (It Hiring Slows Down As Re Hits Sales, Times of India, Correspondent or Reporter, Oct 06, 2007)

The major brunt of the agrarian crisis is on the growers of commercial crops like cotton and tobacco. (The Indian Economic Boom: The Tale Of Two Cities , Deccan Herald, Nilotpal Basu, Oct 05, 2007)

The Sensex is now up 119 points at 17,897. (Sensex Up 119pts; Ntpc Slips 3% , Business Standard, Correspondent or Reporter, Oct 05, 2007)

There were a number of firsts to this year's edition of the jury meeting for the ET Awards for Corporate Excellence. (Kv Kamath Is Et's Business Leader Of The Year, Times of India, Correspondent or Reporter, Oct 05, 2007)


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