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Paramita Bannerjee's  Instablog

Paramita Bannerjee
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Paramita Bannerjee has over 12 years of experience in the Indian Stock Markets. Her online journals cover a wide variety of topics from legal updates, business acquisitions company announcements to the latest corporate results as well as stock market news and the economy.
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Legal Briefing
  • Wipro Infotech Bags 3-yr Contract From Emirates NBD

    Wipro Infotech, the India and Middle East IT Business unit of Wipro Ltd, has bagged a 3 year strategic managed services contract from banking group Emirates NBD. Through the contract, delivery of end-to-end service transition and transformational services will be done effectively to the customers. The services portfolio will include maintaining the banking group's IT systems through a managed service framework, comprehensive help desk and field support services, a joint statement by the two companies stated. The company officials also stated that it will make the processes more streamlined and will allow the banks to offer better services to its end customers. A market leader across core business lines, all Emirates NBD remote offices will be provided support both physically and remotely in the Middle East and the international offices will be supported through a remote super model. Wipro will support both physically and remotely all Emirates NBD's offices in the Middle East and many of its international offices through a remote support model. Some of the officials in the Wipro's top management expressed their anticipation over the contract and said that such global best practices will bring in higher productivity and better services for the customer.

    Source - Wipro

    Mar 21 3:10 AM | Link | Comment!
  • Energy And Utilities Vertical To Generate $1 Bn Revenue For Wipro

    Indian software company, Wipro is finding oil as black gold for the company as the energy and utilities space are becoming lucrative enough for Wipro to generate annual revenue of $1 billion. The energy and utilities vertical of Wipro is contributing around $900 million, or 15 per cent of total sales and has become the fastest growing business unit as the company in April 2011 acquired oil and gas practice of US-based Scientific Applications International Corp (NYSE:SAIC) for about $150 million, said the media report. Beyond basic IT support services, Wipro now works with oil companies to analyze the copious amount of data generated by sensitive sonar probes sent to oil wells to generate intelligence on the presence of oil or gas.

    Source - Wipro

    Mar 21 2:59 AM | Link | Comment!
  • Infosys Associates With Post India For RSI Program

    IT giant, Infosys Ltd said that it has formed alliance with India Post to implement and manage Rural Systems Integration (RSI) program to renovate the rural operations. The move will boost the reach of postal services to the country's rural population add simultaneously will increase the adoption of department services, the company said in a filing to the Bombay Stock Exchange. Moreover, Infosys has also partnered with Post India for Financial Services System Integration Program to transform its financial services operations and end- user experience. Further, Infosys will develop a Service Delivery Platform (NYSEARCA:SDP) that will leverage Infosys solutions such as mConnect, TruSync and Finacle Inclusion, these will serve as a foundation for the RSI program. The new SDP will allow more than 130,000 rural post offices to offer online services.

    Source - Infosys

    Mar 16 2:30 AM | Link | Comment!
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