India’s Wipro buys S’pore’s Unza for US$246m
Why do they do something like that? Wipro is very profitable as a software outsourcing firm, but what has that got to do with personal care products? Where is the synergy? Too much cash in the bank earning miserable interests rates? But in that case, they should just pay shareholders their high dividends…. then let shareholders’ themselves decide where to invest their money.  If retailing is indeed the next growth industry, shareholders’ can then buy shares in these industries themselves….. Diversifying? Surely, I thought it is more app to focus on your core strengths? In Singapore, banks are no longer allowed (I think) to have too many non core activities, i.e. properties… so they have to sell them off… i beileve to focus on their core….