x
Optical/IP

Wipro Soars on Outsourcing

Systems integration and outsourcing services firm Wipro Ltd. (NYSE: WIT) is raking in the bucks as more telecom companies move jobs overseas (see Wipro Records Profit).

There are some who doubt the wisdom of sending jobs overseas, but companies such as Wipro, and its main rivals in India, Tata Consultancy Services and Infosys Technologies Ltd., are clearly profiting from the practice.

Wipro, which counts Cisco Systems Inc. (Nasdaq: CSCO) and Nortel Networks Corp. (NYSE/Toronto: NT) and numerous operators among its customers, increased its earnings per share for the year ended March 31 by 23 percent to 43.2 rupees (about US$1.00).

Get the details at Boardwatch.

— Ray Le Maistre, International Editor, Boardwatch

<<   <   Page 10 / 10
sigint 12/5/2012 | 1:57:33 AM
re: Wipro Soars on Outsourcing brahmos:
..same for the maoist rebellion in Nepal.
__________________________________________________

In fact, this is one of the most under-reported problems. The maoist rebels in Nepal have fraternal ties to the Naxals (Maoist-Leninist, as they call themseleves), and these days arms are trafficked through the Nepal border into Bihar, and southwards to Jharkhand, Madhyapradesh, Chhattisgarh and Andhra. With the Kashmir problems easing off a bit, the Naxal problem is the major remaining terrorist threat that India has to contend with. Even if China didn't start it, they do add fuel to the fire.
lightbay 12/5/2012 | 1:57:28 AM
re: Wipro Soars on Outsourcing But face the fact, "Peaceful liberation" of tibet, sounds awfully like the liberation of Iraq. If Tibet hadn't happened, China and India would still be friends. Possibly allies, and the most formidable power bloc on the planet.

- USA bio weapon to Iraq against Iranian invasion, to Afghan against Russian invasion; Russia weapon sold to Iran was called support of terrists, Chinese weapons to anywhere is support of terrists; Weapon to the same people in Pakistan is called anti-terrism.

- when the USA invaded Vietnam, it was called liberation the country from communism. 30 years later, the same communist party still in power, but USA is back to Vietnam, it is called "Economic Globalization".

- US liberation of Florida, Texas, Arizona ...

- British liberation of India-Pakistan, Iraq ...

- Mongolian liberation of Bulgeria, Hungary ...

There is no fairness in the world, money and power rules. Even with Tibet, China and India can be friends, when one dominates the other - like US and Mexico or Canada; Russia and Ukraine, UK and northern ireland.
sigint 12/5/2012 | 1:56:46 AM
re: Wipro Soars on Outsourcing lightbay:
There is no fairness in the world, money and power rules. Even with Tibet, China and India can be friends, when one dominates the other - like US and Mexico or Canada; Russia and Ukraine, UK and northern ireland.
__________________________________________________

Yes, lightbay, china and India can be friends, with or without Tibet. The alarm bells in India rang loud and clear when Tibet happened, and that soured relationships. Tibet acted as a natural buffer between the territories of India and China for ages, making direct conflict impractical for either side. With that changing, the threat became real.

You sound like a reasonable guy, and I'll share some info with you. To be honest, I'm no neo-buddhist who would care about what happens to the people of Tibet. I'm a resident of Bangalore, it so once happened that I had parked my car in a parking area reserved for motorcycles. The police promptly towed my car away.

I landed up at the police station to retrieve my car at about midnight and found that the cops had rounded up prostituted in the central part of bangalore. All of these were yound Tibetan women. Is that the kind of liberation you were talking about? Most Chinese folks are in denial about this. A very real human problem.

Give the Tibetans at least a special status, and religious freedom. Take the refugees back, they have a right to a home. The world would be proud of China and the magnanimity of Chinese people.
<<   <   Page 10 / 10
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE