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Wipro targets $15 billion revenue by 2020
2016-02-02 16:58:56| IT Services - Topix.net
Bengaluru, Feb 2: India's third largest IT firm Wipro Ltd has set a revenue target of $15 billion from its global IT services business by 2020, with 23 percent operating margin, a top executive said on Tuesday. "As detailed to you all recently, our ambition is to double our size and touch $15 billion revenue with 23 percent operating margin in four years ," Wipro's new chief executive Abidali Z Neemuchwala said in an e-mail to his employees on taking over the top post on Monday.
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GSK and J&J back $1 billion biotech spin-off from Index Ventures
2016-02-02 14:09:31| Food - Topix.net
Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion business, with backing from drug giants GlaxoSmithKline The new Medicxi Ventures business will be led by the existing life sciences team from Index Ventures and includes all the current biotech portfolio companies. Medicxi said on Tuesday it had raised 210 million euros for a new fund focused on early-stage life sciences investments in Europe, with GSK and J&J each contributing 25 percent.
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GSK and J&J back $1 billion biotech spin-off from Index Ventures
2016-02-02 13:41:59| Biotech - Topix.net
Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion business, with backing from drug giants GlaxoSmithKline The new Medicxi Ventures business will be led by the existing life sciences team from Index Ventures and includes all the current biotech portfolio companies. Medicxi said on Tuesday it had raised 210 million euros for a new fund focused on early-stage life sciences investments in Europe, with GSK and J&J each contributing 25 percent.
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index
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Japan Trading Houses Facing $13 Billion Hit on Commodity Misfire
2016-02-02 07:53:11| Grocery - Topix.net
A handful of companies that have dominated almost every kind of raw-material business in Japan for decades may take as much as $13 billion in charges during the current fiscal year. sogo shosha ," or general trading houses like Mitsubishi Corp. that supply everything from gasoline and steel to seafood and noodles in resource-poor Japan.
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Japan Trading Houses Facing $13 Billion Hit on Commodity Misfire
2016-02-02 07:51:48| Chemicals - Topix.net
A handful of companies that have dominated almost every kind of raw-material business in Japan for decades may take as much as $13 billion in charges during the current fiscal year. sogo shosha ," or general trading houses like Mitsubishi Corp. that supply everything from gasoline and steel to seafood and noodles in resource-poor Japan.
Tags: japan
hit
trading
houses
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