NATIONAL Talisma Corporation to merge with Canadian IT firm
Bangalore: Talisma Corporation, the Bangalore-based mid-sized product firm, on October 9 announced it will merge with Canadian IT firm Pivotal Corporation.
Mphasis BFL reports net profit of Rs 25 cr for Q2
Bangalore: IT major Mphasis BFL on October 9 reported a net profit of Rs 25.46 crore during second quarter between July and September, an increase of 58 per cent over Rs 16.18 crore during corresponding period last year.
SupportSoft plans 100 pc STP subsidiary in India
Bangalore: SupportSoft, a leading provider of service and support automation and endpoint management software for corporate enterprises and broadband service providers, plans to establish a 100 per cent STP subsidiary in India, a top company executive said.
BSE: SENSEX crosses 4700-mark, up by 63.82 points
Mumbai: Persistent heavy buying by Foreign Institutional Investors (FIIs) as well as domestic funds helped share prices to rally further sharply at the Bombay Stock Exchange (BSE) on October 9 and the benchmark breached the 4700-psychological barrier.
7 UTI plans to be foreclosed; Rs 3,500 cr earmarked
New Delhi: Government has earmarked about Rs 3,500 crore for foreclosing seven assured return schemes of Unit Trust of India (UTI) but feels that cash outgo would be nominal going by the experience of flagship scheme US-64.
SC ruling on oil firms divestment an obstacle: Advani
New Delhi: Deputy Prime Minister L K Advani on October 9 termed as an "obstacle", the Supreme Court ruling halting privatisation of oil firms Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) and said government will "manoeuvre" it to keep the momentum of disinvestment programme.
'Number of service jobs moving out of US to rise'
The number of jobs moving out of the United States would increase from 0.6 million in 2005 to 1.6 million in 2010 and 3.3 million in 2015, Forrester Research Inc group director John McCarthy said.
Reliance Capital Mutual Fund opens shop in Gujarat
Bangalore: Reliance Capital Mutual Fund has opened its new office in Ahmedabad, Gujarat. Amitabh
Chaturvedi, chief executive officer (CEO), Reliance Capital Asset Management Limited inaugurated the new office on October 8, according to an official press release.
INTERNATIONAL CII to tie-up with Thai Board to boost trade
Bangkok: In a bid to enhance the volume of trade, Confederation of Indian Industry (CII) and Thai Board of Trade on October 9 set up three joint sectoral working groups on agriculture and food processing, pharmaceuticals and auto and auto components.
Indo-Thai free trade agreement looks good: PM
Bangkok: Prime Minister Atal Behari Vajpayee has regretted that the South Asian Preferential Trading Arrangement languished because of the "unreasonable obstructions" of one country, an indirect reference to Pakistan, but expressed confidence that the proposed India-Thailand free trade agreement (FTA) would be successful in meeting its objectives.
