Word: wipro
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2000
Sort By: most recent first
(reverse)
...America's stock-option business culture. As a result, more than 200 Infosys workers have become U.S.-dollar millionaires. "The IT industry has created more millionaires in the past five years than all of India's industries put together in the past 50 years," says Azim Premji, chairman of Wipro, another big software house with headquarters in Bangalore...
...software billionaires have become national heroes. For a brief period this year, Wipro's Premji was the second richest man in the world, after Bill Gates. (Wipro's stock price subsided in April, though Premji's net worth is still estimated at more than $11 billion.) The techno-tycoons are admired because they have earned fortunes in one of the world's most competitive industries without any under-the-counter help from Indian bureaucrats. In the early 1990s, in fact, the software lobby got the government to remove import duties intended to protect local firms from software products sold...
...America's stock-option business culture. As a result, more than 200 Infosys workers have become U.S.-dollar millionaires. "The IT industry has created more millionaires in the past five years than all of India's industries put together in the past 50 years," says Azim Premji, chairman of Wipro, another big software house with headquarters in Bangalore...
...software billionaires have become national heroes. For a brief period this year, Wipro's Premji was the second richest man in the world, after Bill Gates. (Wipro's stock price subsided in April, though Premji's net worth is still estimated at more than $11 billion.) The techno-tycoons are admired because they have earned fortunes in one of the world's most competitive industries without any under-the-counter help from Indian bureaucrats. In the early 1990s, in fact, the software lobby got the government to remove import duties intended to protect local firms from software products sold...
...moments hot--war with Pakistan became more dangerous still when both nations tested nuclear weapons in 1998. And nowhere are the contradictions of globalization more manifest. India's economy is growing at 6%, and software exports are increasing 50% a year; last month an Indian technology magnate--Wipro's Azim Premji--became one of the world's five richest men. And yet more than 300 million Indians live in poverty...