Financial Times FT.com

Wipro ban deals new blow to IT in India

By Joe Leahy and James Fontanella-Khan in Hyderabad

Published: January 13 2009 02:00 | Last updated: January 13 2009 02:00

India's outsourcing sector suffered a fresh blow yesterday when the World Bank revealed it had barred Wipro Technologies - the industry's third biggest outsourcing company by revenue - from doing business with it.

The allegations against Wipro, which the bank accused of "providing improper benefits" to bank staff, come less than a week after news that the sector's fourth-largest operator, Satyam Computer Services, had been fixing its accounts in a fraud worth more than $1bn.

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