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Consumer products maker Unilever has opened a technology support and innovation center in Bangalore to provide IT services for its global operations as well as explore innovative ways of using technology to improve its business, according to reports.
Reports stated that the 220,000 sq ft center in the outskirts of Bangalore, which currently houses 1400 staff, will be its largest technology center.
Unilever is expecting emerging markets to contribute 75% of revenues by the end of this decade, Paul Polman, CEO reportedly said.
COO Harish Manwani also reported that the company has the widest footprint amongst its peers in developing markets.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.