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12-01-2009, 02:57 PM
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#1 (permalink)
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Back!
Join Date: Jun 2007
Location: Bangalore
Posts: 513
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now WIPRO Banned by World Bank
Quote:
<!-- .bwtextaligncenter {text-align: center} -->
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that in connection with revised disclosure policies, Wipro and the World Bank are disclosing that in June 2007 the World Bank determined Wipro to be ineligible to contest direct contracts from the World Bank for the period 2007 – 2011.
In 2000, in connection with its Initial Public Offering (IPO) of American Depository Shares (ADS) in the United States, Wipro offered a commonly utilized and Securities and Exchange Commission approved Directed Share Program (DSP) that allowed employees and clients to purchase ADSs at the IPO market price. The Program’s objective was to involve employees and customers with the public offering to expand our recognition and brand. A majority of the shares sold under the DSP were allotted to our employees.
Pursuant to this program, Wipro representatives offered the World Bank, through its Chief Information Officer (CIO) and a senior staff, participation in the program and they directed this offer to members of their family and friends. The aggregate number of shares purchased by them was 1,750 for approximately $72,000 at the IPO price. All participants in the program signed a conflict of interest statement that their purchase did not violate any ethics or conflict of interest policies of their company.
To date, Wipro’s revenue from World Bank is insignificant. Our inability to get future business from World Bank will not adversely affect our business and results of operations.
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SOURCE
and
Quote:
MUMBAI: Its just not Wipro. From an announcement on the World Bank website, there is one more Indian company (other than Satyam and now Wipro)
that has been deemed ineligible to receive contracts from the World Bank. US based IT Service provider, Megasoft Consultants Ltd, which is an associate company of BSE listed Megasoft Ltd, have also been barred for four years since 2007.
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Source
ah...now the fun begins 
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12-01-2009, 03:11 PM
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#2 (permalink)
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In The Zone
Join Date: Sep 2005
Location: out of phase with this dimension
Posts: 436
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Re: now WIPRO Banned by World Bank
ek aur???? india ka to band baj gaya international market me.....
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12-01-2009, 03:17 PM
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#3 (permalink)
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Tribal Boy
Join Date: Jun 2004
Location: Cochin , Kerala
Posts: 1,724
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Re: now WIPRO Banned by World Bank
Hmm this is not good
First Satyam (of course their mistake), now Wirpo and many other Indian companies ....
Something serious is going on .. 
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12-01-2009, 03:30 PM
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#4 (permalink)
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Sami Hyypiä, LFC legend
Join Date: Jun 2007
Location: Нью-Дели
Posts: 2,138
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Re: now WIPRO Banned by World Bank
This is disturbing...
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12-01-2009, 03:33 PM
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#5 (permalink)
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Democracy is a myth
Join Date: Apr 2004
Location: Kaikhali,Kolkata
Posts: 2,159
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Re: now WIPRO Banned by World Bank
Heard from one of my WIPRO friend, the issue is that "World Bank" didn't renew Wipro's contract till the period (2007-2011).
Ajim Premji has mailed them that nothing to worry from it.
__________________
"My opinions may have changed, but not the fact that I am right."
"I'm never wrong. Once I thought I was wrong, but I was wrong"
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12-01-2009, 03:56 PM
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#6 (permalink)
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Rapacious eBayer
Join Date: Sep 2008
Posts: 377
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Re: now WIPRO Banned by World Bank
Wow! Who's next? Infosys, TCS, Tech Mahindra or someone else?
__________________
•Favorite track Of '07: Dash Berlin - Till The Sky Falls Down
•Favorite track Of '08: Emilio Fernandez - Reynosa
•Current favorite track: Blackfeel Wite - On The Down (J-Soul Vocal Mix)
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12-01-2009, 05:07 PM
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#7 (permalink)
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Wise Old Mouse
Join Date: Sep 2005
Location: Bhopal, India
Posts: 1,930
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Re: now WIPRO Banned by World Bank
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12-01-2009, 05:20 PM
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#8 (permalink)
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It's true Im not confused
Join Date: Feb 2007
Location: Hyderabad
Posts: 347
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Re: now WIPRO Banned by World Bank
dene wala jab bhi deta, deta chpad phaad ke
__________________
After the game is over, the pawn and the king go into the same box
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12-01-2009, 05:28 PM
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#9 (permalink)
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Senior Owner
Join Date: Feb 2007
Posts: 730
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Re: now WIPRO Banned by World Bank
^^^  BTW kids like us will have a gr8 problem in making new MNCs ... 
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12-01-2009, 05:30 PM
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#10 (permalink)
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हॉर्न ओके प्लीज़
Join Date: Sep 2007
Posts: 1,493
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Re: now WIPRO Banned by World Bank
Quote:
Originally Posted by rhitwick
Heard from one of my WIPRO friend, the issue is that "World Bank" didn't renew Wipro's contract till the period (2007-2011).
Ajim Premji has mailed them that nothing to worry from it.
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And you think that Ajiz Premji is Satyavadi Harishchandra?
__________________
विक्टर रॅंबो - चाणकया प्रभावित व्यक्ति
गीक होना माँगता
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12-01-2009, 05:47 PM
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#11 (permalink)
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Rapacious eBayer
Join Date: Sep 2008
Posts: 377
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Re: now WIPRO Banned by World Bank
Quote:
Originally Posted by victor_rambo
And you think that Ajiz Premji is Satyavadi Harishchandra?
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Ajim? Ajiz? Are they Azim Premji's brothers? :-P
__________________
•Favorite track Of '07: Dash Berlin - Till The Sky Falls Down
•Favorite track Of '08: Emilio Fernandez - Reynosa
•Current favorite track: Blackfeel Wite - On The Down (J-Soul Vocal Mix)
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12-01-2009, 06:10 PM
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#12 (permalink)
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I have Yolks not Brains!
Join Date: Aug 2006
Location: Inside the shell
Posts: 744
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Re: now WIPRO Banned by World Bank
Quote:
Originally Posted by gforce23
Ajim? Ajiz? Are they Azim Premji's brothers? :-P
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hahahahahahahahahahahaha
Good nitpicking
__________________
Y U NO ALLOW PICTURES IN SIGNATURES?
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12-01-2009, 06:22 PM
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#13 (permalink)
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Wahahaha~!
Join Date: Dec 2006
Location: Pune/there
Posts: 7,679
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Re: now WIPRO Banned by World Bank
lol...the game begins now 
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12-01-2009, 06:30 PM
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#14 (permalink)
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Back!
Join Date: Jun 2007
Location: Bangalore
Posts: 513
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Re: now WIPRO Banned by World Bank
^
Time to play the game...
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12-01-2009, 06:32 PM
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#15 (permalink)
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Davislav Ivanuiz!!!
Join Date: Apr 2004
Location: Pune
Posts: 1,396
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Re: now WIPRO Banned by World Bank
Looks like they are competing with each other in this field too!
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I was here when the forum's swear filter kept bleeping out the word 'FUNK'. :crazy::censored::eeksign:
www.abhi247.com | The Photohblog A Little Lunacy! [v3]
Flickr!
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12-01-2009, 06:38 PM
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#16 (permalink)
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Back!
Join Date: Jun 2007
Location: Bangalore
Posts: 513
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Re: now WIPRO Banned by World Bank
^ and i think WIPRO is the winner here... they were banned from 2007 while SATYAM got banned from 2008 lol
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12-01-2009, 07:02 PM
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#17 (permalink)
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damn busy...
Join Date: Sep 2006
Location: Jhansi/Meerut
Posts: 1,990
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Re: now WIPRO Banned by World Bank
Quote:
Originally Posted by confused!!
dene wala jab bhi deta, deta chpad phaad ke
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lene wala jab bhi leta ,leta kapde phaad ke
__________________
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www.techjunkiez.com
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12-01-2009, 08:13 PM
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#18 (permalink)
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It's true Im not confused
Join Date: Feb 2007
Location: Hyderabad
Posts: 347
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Re: now WIPRO Banned by World Bank
^^ 
__________________
After the game is over, the pawn and the king go into the same box
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13-01-2009, 10:43 AM
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#19 (permalink)
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a.k.a VipER
Join Date: Dec 2008
Location: New Bombay
Posts: 604
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Re: now WIPRO Banned by World Bank
Woooo 1 more disaster. There goes Indian market reputation out the window...
__________________
Quote:
Originally Posted by shayanthebest
I want to buy a new computer which can play 2-3 year old games at good resolutions. My budget is 5 to 6 lakhs. Please help
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13-01-2009, 10:59 AM
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#20 (permalink)
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Wahahaha~!
Join Date: Dec 2006
Location: Pune/there
Posts: 7,679
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Re: now WIPRO Banned by World Bank
I mean in what way will it affect the current situation. I dont think Wipro will be in a dilapidated state as its just a discontinuation of contract.
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13-01-2009, 12:06 PM
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#21 (permalink)
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In The Zone
Join Date: Mar 2004
Location: Chennai
Posts: 470
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Re: now WIPRO Banned by World Bank
Bad... I've been placed in Wipro. Dont know what would happen for people like me.
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13-01-2009, 12:09 PM
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#22 (permalink)
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Wahahaha~!
Join Date: Dec 2006
Location: Pune/there
Posts: 7,679
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Re: now WIPRO Banned by World Bank
^^March 2009...lol
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13-01-2009, 12:20 PM
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#23 (permalink)
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Call me Sumit
Join Date: Feb 2004
Posts: 1,418
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Re: now WIPRO Banned by World Bank
^^T u gng to join Wipro or not ?
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13-01-2009, 12:35 PM
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#24 (permalink)
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Back!
Join Date: Jun 2007
Location: Bangalore
Posts: 513
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Re: now WIPRO Banned by World Bank
so that makes it the 3 of us
T, bharat and me lol
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13-01-2009, 12:40 PM
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#25 (permalink)
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Wahahaha~!
Join Date: Dec 2006
Location: Pune/there
Posts: 7,679
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Re: now WIPRO Banned by World Bank
Quote:
Originally Posted by esumitkumar
^^T u gng to join Wipro or not ?
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Yeah, its payback time for me But I will make it another vacation there.
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