Jan 12 2009
World Bank blacklists IT major Wipro
Few days before fourth largest Indian Information technology company Satyam was blacklisted by the world bank and after some days second largest Indian IT company Wipro also faced the same. Recently the biggest slowdown is going on in the Indian IT industry as the fraudness and improper steps of some top rated IT companies are revealed and they are falling. Due to this effect, slowdown is also seen in the share market. Worldband has banned Satyam for 8 years for the Rs. 7000 crore fraud case. Now its time for Wipro which told a mass of freshers to join it’s BPO division few days before although they got a job at the technology division. Worldband has blacklisted the company and banned it upto the year 2011. According to worldbank, Wipro has provided improper benefits to bank staff. Due to all of these reasons, reputation of some top Indian IT companies are now getting vanished.
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