Wipro to exit babycare, veg oil business

MUMBAI, INDIA: Indian outsourcer Wipro Ltd has decided to exit its babycare and vegetable oil business, the Business Standard reported on Wednesday, citing company sources.

The two businesses account for less than 3 percent of the revenues of Wipro's consumer care division, which contributes about 8 percent to the company's total revenue, the newspaper said.

It said the move was part of a strategy to focus on the division's personal care segment.

A company spokeswoman declined comment, the paper said.