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January 17, India’s third largest software services firm Wipro Ltd., has reported a 41 percent jump in net profit, at Rs.765 crores, in the third quarter of 2006-07. Revenue increased by 45 percent to Rs 3,979 crores.

A.Lakshmana Rao, Cheif Operating Officer of Wipro Ltd., told that was good quarter for them at Wipro and they saw a lot of traction in infrastructure management services product development and package implementation. He said that the IT business had seen a good volume growth during the quarter.

A company release said that Wipro’s global IT and procucts revenue was Rs 2,876 crores in the third quarter, up 35 per cent on year. Wipro’s chairman and single largest shareholder Azzim Hasham Premji told that the quarter ending March 2007, they expected revenue from their global IT services and products business to be approximately $685 million.

Mr.premji said their financial services and retail businesses had delivered more than 50 percent YoY growth and the Europe geography posted growth-rates ahead of the company average. He also said that they had brought down their attrition rates in both the IT and BPO business.

Wipro’s Chief finance Officer Suresh Senapaty said that the company’s BPO section had registered a growth of 7.1 percent, increasing the operating margin by 60 basic points. According to Mr.sudip Banerjee, President, Enterprise solutions division, Wipro had seen traction in the finance and banking verticalos as well. Mr.Banerjee told that they We had integrated most of the companies they acquired, and their performance was being reflected in Wipro’s balance-sheet then.

January 17, The congress finally announced that it was withdrawing support to Mulayam singh Yadav government in Uttar Pradesh. The withdrawal support by the Congress was announced by PCC chief Salman Khusheed at a press conference. This has 15 members in the 403 strong State Assembly. The SP has 152 members while its alliance partner the Loktantrik Bahijan Dal has 33. The main opposition BJP has 83 and the BSP 67 MLAs.

Mr.Salman Khusheed said that the party leadership would meet Governer T.V.Rajeswar on the next day to intimate its decision to withdraw support to the yadav government. The SP enjoys support of 16 independents and two Loktantrik Congress party members. The congress action came when fresh polls in the state are round the corner.

Khursheed said that the Congress had extended outside support to the SP-led government. He also said that it appeared that the State Government had joined hands with the communal forces leaving them with no choice but to withdraw their support.

He alleged that the law and order situation had turned for the worse and there was no rule of law worth the name in the state. Pramod Tiwari, CLP leader, said that the main reason which provoked them to take action was delay in handling over the Nithari case was designed to benefit the accused.

Khursheed said, that came as a shock that the government was even willing to collaborate with communal forces in order to undermine the Congress. He also said that in several places communal riots erupted clearly due to the connivance of ruling parties and was agents. At the same time the Samajwadi Party said it was very much on the cards. SP general secretary and Minister for Transport Naresh Agarwal said that they knew that the Congress could withdraw support.

Sania reached women’s singles second round:

January 16, The world 53 rank Sania Mirza awarded off the challenge of Ukranian Olga Savchuk to reach the women’s singles second round of the Australian Open Tennis. Sania over come Olga 6-3, 7-5 at the first Grand Slam of the season. The 53rd ranked Indian on her experience to make the most of Olga’s double faults and unforced errors. In the next match Samia will play against Japan’s Aiko Nakamura.

Olga committed as many as six double faults in the first set. Sania, broke once in the second set, made amends to break back twice and wrap up the set in 46 minutes.

After the match, Sania said that she was a a more complete player those days, she belived she had more than when she was 30 in the world, She played much better tennis that day then she did then. she also said that she felt a lot better, probably the serve was her weakest point right then, but it was not exactly a weakness, but it was not a strength.

Sania said that Tennis was really growing in India as a sport. She added that she got many messages that day from people saying that they were going to sleep early in the morning to see her match on TV.

Australian Open dream of Top-seed Maria Sharapova almost evaporated as Kim Clijsters showed the form that has made her a favourite. US Open holder and World No.2 Sharapova did not look a champion-in-waiting as she dragged herself around the court to post a 6-3, 4-6, 9-7 win over French women Camille Pin.

Triple champion Hingis also showed awesome form, demolishing Nathalie Dechy of France 6-0, 6-2. Among the men australia’s 19th seed Lleyton Hewitt faught back from lossing the opening two sets to down American qualifier Michael Russel 3-6, 2-6, 6-3, 6-3.