NATIONAL 'US economy has gained $ 50 bn from outsourcing'
Hyderabad: India's talent, skill and low costs in software service have made it imperative for American companies to resort to outsourcing to India, said Union Communications and IT Minister Arun Shourie today (Jan 13, 2004).
Aztec Software reports dip in Q3 revenues
Bangalore: Aztec Software and Technology Services Ltd today (Jan 13, 2004) reported a dip in its revenue for the third quarter ending December at Rs 10.42 crore, as compared to Rs 11.62 crore recorded during the corresponding period last year.
BSE: Stocks bounce back to lift Sensex to 6132
Mumbai: Stocks bounced back with a vengeance lifting the Sensex to new historic closing high at 6132.97 in volatile activity after the overnight sharp setback at the Bombay Stock Exchange (BSE) today (Jan 13, 2004) on heavy purchases by foreign funds.
No protectionist measures against BPO: Britain
New Delhi: Amidst the backlash against outsourcing from India in UK, Britain has ruled out any protectionist measure for its domestic industry.
Outsourcing backlash a minor issue, says Shourie
Hyderabad: Seeking to allay fears over the outsourcing backlash, Union Communications and IT Minister Arun Shourie today (Jan 13, 2004) said India's strengths in talent, skill and costs in software service would make it imperative for the US companies to outsource to India.
SC allows COAI to withdraw unified licence appeal
New Delhi: US-based Flag Telecom has cleared the decks for amalgamation with Reliance Gateway, a 100 per cent subsidiary of Reliance Infocomm, for a value of $ 211 million, with Flag's shareholders approving the proposal unanimously.
Private oil firms to sell transport fuels by April
New Delhi: Private sector oil firms will start selling transport fuels through about 500 petrol stations in the country by April this year, marking the end of public sector monopoly, Petroleum Minister Ram Naik said today (Jan 13, 2004).
