Makara Sankranti

MUMBAI (Reuters) - India's No. 3 software company, Wipro Ltd, said on Monday the World Bank had determined in June 2007 the company would be ineligible for the bank's direct contracts up to 2011 citing a conflict of interest policy.

Wipro said its revenues from World Bank were insignifianct and the decision would not affect its business and results.

It said the announcement was being made now under revised disclosure policies.

HONG KONG (MarketWatch) -- Shares of Wipro (WIT:

26.35, +0.15, +0.6%) tumbled 9.5% in Mumbai Monday after the company said the World Bank had barred its software unit in June 2007 from participating in direct contracts from the lender between 2007 and 2011. Wipro said the company and World Bank were making the announcement under revised disclosure policies. Wipro, which also has a presence in personal products and lighting, said that in 2000, employees of the World Bank had purchased 1,750 shares of the company through Wipro's initial public offering in New York. The shares were valued at $72,000 at the IPO price, the company said. "All participants in the program signed a conflict of interest statement that their purchase didn't violate any ethics or conflict of interest policies of their company," Wipro wrote in a statement.


Wipro says ineligible for World Bank contracts

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Pongal 2009

Pongal festival is on January 15, 2009.
Pongal is a highly revered festival celebrated in Tamil Nadu to mark the harvesting season. An important festival in India, Pongal is celebrated by offering prayers to the Sun God. Pongal gifts are exchanged among family members, relatives and friends. Houses are cleaned, and all maintenance jobs are done before this festival. Held in the middle of January, it is a time when the people of Tamil Nadu get ready to thank God, Earth and their cattle for the wonderful harvest they have reaped. During the four-day pongal festival, different varieties of Rangoli are drawn in front of the houses early in the morning. Apart from exchanging Pongal gifts, this festival also sees people exchanging lot of Pongal cards also.



SANKRANTI GREETING CARDS [Link]


ORKUT GREETINGS[Link]


PONGAL CARDS[Link]