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Hiring loals in Atlanta
Posted by :
rvk41
Wipro Technologies is expanding its US operations and will hire about 1,000 people, including more locals, at its Atlanta development facility, reports Economic Times.
The company said that they are expanding their US operations to scale up our headcount to about 1,000 from 350 presently at our Atlanta centre.
About 80% of them are locals and includes graduates from leading academic institutions in Atlanta.
The local employees will support our North American clients in diverse verticals such as healthcare, manufacturing, telecom, utilities, retail and financial services
For information,with regards
rvk41
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Good price to sell at 650 levels..
Posted by : WhatsUP
Sell at this level 650 and One can buy back at lower levels ..
=happy investing...
Bags order from Australian University
Posted by : rvk41
Australia`s University of Canberra, which awarded an outsourcing contract to Wipro in May earlier this year, plans to bring down its operational costs by up to 40 per cent over next three to four years, and focus better on its core business of teaching and researchMeanwhile, the university did face backlash when it announced its contract with Wipro. “We realised that it makes sense not only for cost benefits, but also because there are people who can do a job better than us,” said Mr Parker. “We are living in globalisation which is about exchange and it is not one way,” he added.
As educational institutes prepare to address a growing market, their investments in modernisation of different systems is likely to increase
For information,with regards
rvk41...
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange that: 1) Administrative Committee of the Board of Directors vide Circular resolution dated November 16, 2009 resolved to issue and allot 47949 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005....
BSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed BSE that Administrative Committee of the Companys Board of Directors vide Circular resolution dated November 16, 2009 resolved to issue and allot 47949 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005....
Buy Wipro Target is 700Rs
Posted by : GuestI agree. The news flow has been very positive and performance is helping the stock too....
Buy Wipro Target is 700Rs
Posted by :
Kanabar FinanceWe will see wipro trading around 700Rs. when Dollar will regain its position against Rs...Kanabar Finance - Brain Advances Over Money...
WIPRO FUTURE- GUIDENCE
Posted by : dhakak
Friends came out of profit in wipro future/I held it till it collapsed till 580 but then sold it off at 634 .Adx Saved me
regards
dhakak...
Wipro
Posted by : rupesh711in
Wipro has made:-
Nov 11, 2009 Price Crosses Moving Average (21-day) Short-Term Bullish at- 615
Nov 11, 2009 Continuation Diamond (Bullish) Intermediate-Term Bullish at-615
trgts - 675 - 696
support at - 589
resist at - 618
stoploss at - 553.50 ...
Wipro gets 50-acre land on lease
Posted by : pms.swastika
Wipro gets 50-acre land on lease
Bengal Govt to give 50-acre land to Wipro on 99-year lease.
Regards
Swastika PMS...
BSE Announcements on Wipro
Posted by : MMB Messenger
Wipro Ltd has informed BSE about the following:
1. Administrative Committee of the Companys Board of Directors at their Meeting held on November 10, 2009 resolved to issue and allot 45917 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
2. Administrative Committee of the Companys Board of Directors vide Circular resolution dated November 10, 2009 allotted 23369 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan - 2004....
Multibagger from IT
Posted by : rvk41
Wipro has made some key buyouts – both in India and overseas — in the consumer businesses. The latest has been the acquisition of British consumer and home care brand Yardley’s business in Asia, Australia and north and west Africa, for a ticket value of $45.5 million (Rs 215 crore). Yardley will retain its businesses in markets like the US and Europe.
Yardley is a brand that is over 200 years old and boasts of a portfolio which has Lavender. Before Wipro bought it, the Yardley brand had changed hands at least four times. The last owner was UK’s Lornamead Group. “Yardley is a very strong brand and will help complete our portfolio of products,” said Vineet Agrawal, president, Wipro Consumer Care and Lighting. He adds that Yardley’s revenues, for the last financial year, was Rs 100 crore for the regions where Wipro has acquired the brand. In that context, Wipro has paid a little over two times Yardley’s annual revenues. “It is not expensive as FMCG deals typically happen at 2.5-3 times the revenues,” points out Agrawal, who adds that the brand is one that is profitable.
In July 2007, Wipro acquired Singapore-based consumer care company, Unza for $246 million to expand the reach of its consumer care businesses in the Asia Pacific region. A year before that, it bought Delhi-based North-West Switches which was preceded by the acquisition of Hindustan Unilever’s glucose drink brand Glucovita.
Meanwhile, Wipro’s bathing soap brand, Santoor, has consistently remained at the third position in terms of market share in the category. The company’s other brand, Chandrika, which it took over on a lease in 2003, is snapping at the heels of the top five brands in Kerala and other southern markets. In the context of the Yardley transaction, Shirish Pardeshi, an analyst with Anand Rathi Securities says, “One needs a vehicle to introduce its products in other geographies and setting up a distribution channel often entails a huge investment.” According to him, FMCG majors like Godrej and Marico have gone to markets like Egypt and South Africa to grow their portfolios.
The revenues from the consumer and lighting division have grown from Rs 816 crore in FY07 to Rs 1,520 crore in FY08. For FY09, it stood at Rs 2,083
crore. “We have grown at a CAGR of 25% in the last five years,” says Agrawal. The division has an operating profit margin of 12%.
Though the business contributes only 8% to Wipro’s total revenues, the decision to go inorganic has been productive. “Unza contributed as much as 40% to the consumer and lighting business revenues in FY09,” says Agrawal. Though in terms of the size of the deal, Yardley is much smaller than Unza, the former gives Wipro a boost to its revenues from the Middle East. “It will double our revenues from the Middle East and will make our presence stronger there,” adds Agrawal. Yardley earns 70% of its revenues from the Middle East alone.
For Wipro, Yardley is a brand that has more premium value than Unza’s Enchanteur. Though Unza is the third-largest selling brand in Malaysia and Vietnam, it does not have a large presence in the Middle East. That could change with Yardley in the time to come.
For your information,with regards
rvk41...
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange that: 1) Administrative Committee of the Board of Directors at their Meeting held on November 04, 2009 resolved to issue and allot 108620 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005. 2) Administrative Committee of the Board of Directors vide Circular resolution dated November 04, 2009 allotted 34365 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan - 2004....
BSE Announcements on Wipro
Posted by : MMB Messenger
Wipro Ltd has informed BSE about the following:
1. Administrative Committee of the Companys Board of Directors at their Meeting held on November 04, 2009 resolved to issue and allot 108620 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
2. Administrative Committee of the Companys Board of Directors vide Circular resolution dated November 04, 2009 allotted 34365 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004....
wipro buys yardley personal care business
Posted by :
stocktobuy
MUMBAI: Wipro, India`s No. 3 software services exporter, said on Thursday it had agreed to buy some personal care businesses of Yardley for about Globe`s biggest M&A dealmakers
Factors for successful M&As
Formula for successful biz
$45.5 million, adding to its consumer goods business.
Wipro said it had signed an agreement with UK-based Lornamead group, which owns the Yardley brand, for the businesses in Asia, the Middle East, Australasia and some African markets.
The transaction is expected to be completed by mid-December, it said in a statement.
Lornamead`s global turnover is estimated to be close to $650 million. Its portfolio straddles various categories of personal care products including hair-care (Brisk, Aqua Net and Vosene), cosmetics and skin-care (Amplex and Handsan), oral care (Brilliant and Goldspot) and home care brand Stergene.
Tura is a significant player in soaps and skin care in Nigeria, with an annual turnover of close to $50 million.
This is Wipro`s second big buy-out in the FMCG space in two years. In July 2007, Wipro had acquired Singapore-based personal care products manufacturer Unza Holdings Ltd for $246 million (Rs 1,010.2 crore) in an all-cash deal. That deal with Unza`s portfolio of shampoos, creams, lotions and detergents had marked Wipro`s big plunge into the global FMCG space.
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