NATIONAL Buyers buoyant on Infy results: SENSEX up by 70 pts
Mumbai: Encouraging second quarter results by the IT bellwether, Infosys Tech, attracted renewed
buying in software segment at the Bombay Stock Exchange (BSE) on October 10 and the SENSEX shot
up further by 70.22 points to close at 39-month high at 4768.90.
Inflation up for the 5th week; raises by 5.3 pc
New Delhi: A sharp near-eight per cent rise in vegetable prices, coupled with costlier manufactured
items and edible oils pushed up inflation for the fifth consecutive week to tick over five per cent for the
week ended September 27.
'VCs invested over $ 400 mn in India in 2003'
Bangalore: Venture Capitalists (VCs) invested more than $ 400 million in India so far in 2003 and the VC funding sector is all set to witness positive growth in 2003 after significant decline in the previous two years, a top industry expert said on October 10.
2nd sexual harassment suit won't have impact: Infy
Bangalore: Software major Infosys Technologies on October 10 said the second sexual harassment
lawsuit filed against the company and its former director Phaneesh Murthy in a US court by a former
employee Jennifer Griffith will not have any impact on its financial position.
Infosys Tech hires 2,025 professionals in Q2
Bangalore: Software major Infosys Technologies on October 10 said it has hired 2,025 employees for its software operations and Business Process Outsourcing (BPO) subsidiary Progeon during the second quarter between July and September 2003.
Infy aims at exceeding revenues of $ 1 bn this fiscal
Bangalore: Increasing its revenue guidance, software major Infosys Technologies on October 10 said it aimed to exceed revenues of $ one billion during the current financial year.
Infosys reports Q2 net profit of Rs 300.16 crore
Bangalore: Information Technology (IT) bellwether Infosys Technologies on October 10 reported a net
profit of Rs 300.16 crore in the second quarter between July and September 2003, a 32.9 per cent jump over Rs 277 crore reported during the same period in 2002.
INTERNATIONAL India can surpass US in software by 2010: Intel
Washington: Observing that India and China are "key threats" to continued US dominance in important high technology sectors, Intel Chairman Andrew S Grove has said India could surpass America in software and tech-service jobs by 2010.
India making headway in simplifying custom procedures
Bangkok: Observing that international trade was an important component, Commerce Minister Arun Jaitley on October 10 said India was making headway in simplifying custom procedures.
