NATIONAL FTAs making Indian industry uncompetitive: CII
Bangalore: The Confederation of Indian Industry (CII) on October 22 said that the recent free trade agreements (FTA) with certain countries have led to cheaper inputs being available for import from abroad, which rendered domestic input goods and intermediaries' manufacturers uncompetitive.
Cognizant quarterly revenues up by 60 per cent
Chennai: Nasdaq listed Cognizant Technology Solutions Corporation has finished the quarter ended on September 30 with a total sales revenue of $ 98.1 million, up by 60 per cent from $ 61.2 million in the same period in 2002.
Subex Systems reports 7.73 cr profit; up 46%
Bangalore: Telecom software firm Subex Systems Ltd on October 22 reported a profit of Rs 7.73 crore
during the six months ending September, an increase by 46 per cent over Rs 5.30 crore during the
corresponding period last year.
FM to convene meeting of Chief Ministers on VAT
New Delhi: Finance Minister Jaswant Singh will soon convene a meeting of state Chief Ministers to work
out details for implementation of the much-delayed Value Added Tax (VAT) in the country.
Indonesian Co eyeing investment opportunities in WB
Kolkata: The over $ 30 billion Salim Group of Indonesia, with huge interest in petrochemicals and real
estate among others, is exploring opportunities to invest in India, a senior official of the group said.
VC firm Oak looking to invest in BPO, IT in B'lore
Bangalore: Oak Investment Partners, a leading United States-based venture capital firm, announced on
October 22 that it is looking to invest in Indian companies, primarily in Business Process Outsourcing
(BPO), Information Technology enables services (ITES) and IT services sectors.
'Cancun draft not starting point for future talks'
New Delhi: India on October 22 outrightly rejected the Cancun draft as the starting point for future World Trade Organisation (WTO) negotiations, terming it as the main cause for "stalemate" at the collapsed ministerial.
INTERNATIONAL Suzuki has no plans for alliance with GM in India
Tokyo: Japanese carmaker Suzuki Motor Corp (SMC) on October 22 said it had no immediate plans to
tie up with its global alliance partner General Motors Corp for the Indian market.
India refusing to finalise trade concessions: Pak
Islamabad: Pakistan has accused India of refusing to finalise bilateral trade concessions at the recently
concluded fifth round of talks of the South Asian Free Trade Area (SAFTA) in Kathmandu.
