NATIONAL Mphasis consolidated net up 57 per cent in Q3
Mumbai: Mphasis BFL group has reported a 56.76 per cent rise in consolidated net profit for the third quarter ended December 31, 2003 at Rs 28.50 crore (Rs 285 million) compared to Rs 18.18 crore (Rs 181.8 million) posted in the same period the previous fiscal.
Promote IT outsourcing benefits abroad: Shourie
Hyderabad: Union Minister for Divestment, Communications and Information Technology Arun Shourie today (Jan 8, 2004) urged the Indian industry to allay the apprehensions of some countries against IT (Information Technology) outsourcing.
'Tax cuts not to have major impact on revenue'
New Delhi: Finance Minister Jaswant Singh today (Jan 8, 2004) said the tax cuts announced today would not have any major impact on the revenue and the Government was expecting much better growth in the third quarter.
Highlights of tax sops, new duties
Following are the highlights of new direct tax rules announced today (Jan 8, 2004). These rules will be effective from April 1, 2004.
India viewed as dynamic, competitive nation: Gowers
Hyderabad: India was no longer viewed by the West as a country of Maharajas, snake-charmers, diseases, disasters, and chaotic democracy with closed and backward looking economy, but as a dynamic nation, Andrew Gowers, Editor 'Financial Times', London said in Hyderabad today (Jan 8, 2004).
BSE: Market soars to historic high on SEBI decision
Mumbai: Riding piggyback on the decision to allow margin trading, Stocks soared to new dizzy heights and lifted the Sensex to end at a historic closing high at 6108.54 in a flurry of activity at the Bombay Stock Exchange (BSE) today (Jan 8, 2004) on across-the-board buying support.
Customs duty on cell phones cut; travel tax abolished
New Delhi: In a virtual mini-Budget ahead of a possible Vote-on-Account and early Lok Sabha elections, Government today (Jan 8, 2004) slashed customs duties on various non-agricultural goods, cell phones, IT and electronics items and abolished domestic and foreign travel tax.
ONGC public issue in 10s; to attract small investors
New Delhi: With a view to attract small investors, Government will offer in lots of 10, the shares of State-owned exploration firm Oil and Natural Gas Corporation (ONGC) for public issue to divest 10 per cent of its equity.
INTERNATIONAL 'BPO: China is a threat but India has the edge'
London: Despite the emergence of China and Philippines as competitors in the business process outsourcing (BPO) space, India is well placed in terms of parameters like cost savings, competency, technical infrastructure, language and skill pool, according to an industry report by ICRA (Internet Content Rating Agency).
