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 News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.