NATIONAL India soon to become a developed economy: Premji
Bangalore: Azim Premji, head of Wipro group, said on May 21 that the country would soon achieve the status of a developed economy and this will be made possible by the development and deployment of right talent in the public and private services.
IBM to open new technology centre in Bangalore
Bangalore: Global IT major IBM Corporation on May 21 announced the setting up of a new centre in Bangalore to provide technology design services for advance chips, cards and systems to companies in India and across Asia.
Tech stocks tumble; SENSEX ends lower at BSE
Mumbai: Technology shares suffered a sharp setback pushing the SENSEX sharply down from the day's high to end in negative territory at the Bombay Stock Exchange (BSE) on May 21 on heavy selling pressure from operators as well as Foreign Institutional Investors (FIIs).
Infosys warns global IT cos on replicating its model
Bangalore: Software major Infosys Technologies has cautioned global IT corporations that replicating its "global delivery model" of outsourcing from India would not only pose challenges to them due to difficulties faced in business model re-engineering, but also result in earning lower revenues.
SENSEX firms up during morning trading in BSE
Mumbai: The SENSEX opened moderately higher and rallied further during morning trading in line with fresh gains in select heavy weighted counters on the Bombay Stock Exchange (BSE) on May 21, on continued buying by operators.
INTERNATIONAL WTO must give importance to developing world: Abbot
Geneva: Admitting that the World Trade Organisation (WTO) was tilted towards the developed world, the multilateral trade body's deputy director general Roderick Abbot said issues of concern to developing countries should be given due importance.
