Wipro Technologies to hire 8000 employees for its BPO business in next six months

Wipro Wipro Technologies, the third-largest IT services exporter from India, has announced that it would recruit 8,000 employees to its business process outsourcing (BPO) arm Wipro BPO by this financial year.

The BPO arm would begin recruitment drives in major cities and towns in the next two weeks. The company would recruit undergraduates and graduates from Tier II and III cities for its customer support and technical help desk segments.

According to reports, the company has revealed that out of total proposed vacancies, 1,200 staffers would be added to its 30-acre Hyderabad facility.

With this addition, the total headcount at the Hyderabad unit would rise to 4,150.

Wipro BPO, which began its operations in 2001-02, had over 21,000 employees with a turnover of $290 million (Rs 2,250 crore) in 2007-08.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.