NATIONAL Rally in old-economy stocks props up SENSEX
Mumbai: Boosted by a sharp rally in key old-economy heavyweight counters, the SENSEX notched up a fresh gain of 9.05 points to close at 3049.84 on the Bombay Stock Exchange on May 23, cutting short a brief two-session decline, even as select software shares reeled under selling pressure.
NASSCOM fears more visa restrictions on techies
Bangalore: As much as 40 per cent of India's GDP (Gross Domestic Product) is black money, former Chief Vigilance Commissioner N Vittal said on May 23.
NASSCOM fears more visa restrictions on techies
Bangalore: NASSCOM (National Association of Software and Services Companies) on May 23 feared more visa restrictions for IT (Information Technology) professionals in Europe and US in the face of economic slowdown, which would affect the domestic software industry.
Multi-banking scheme for indirect tax payment by Oct
New Delhi: The multi-banking scheme for the Central Excise Commissionerates, enabling tax payers to remit the customs and excise duties through any public sector bank, would be operationalised across
the country by October, a top government official said.
'Lower margins for Indian IT firms in next 2-3 yrs'
Bangalore: NASSCOM (National Association of Software and Service Companies) on May 23 said Indian software firms will earn "lower margins" in the next two to three years due to stepping up of operations of global IT (Information Technology) majors in the country and customers offering large contracts at lower rates.
SENSEX recover slightly during morning trading
Mumbai: The SENSEX opened slightly higher and showed signs of recovery as IT and bank stocks tended to moved upwards during morning trading on the Bombay Stock Exchange (BSE) on May 23 on fresh buying support from investors.
Suzuki proposes top-level changes at Maruti
New Delhi: Japanese auto giant Suzuki proposes to effect top level changes in Maruti management, a year after it took control over India's largest car maker inducting some fresh faces while re-assigning work to others.
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.
