NATIONAL Taxing BPO will drive firms away from India: Karnik
New Delhi: National Association of Software and Service Companies (NASSCOM) today (Jan 20, 2004) warned that the move to tax core services of captive Business Process Outsourcing (BPO) units of multinationals will drive them away from India to other tax friendly countries.
'The next big IT wave may emerge out of India'
Bangalore: A leading American Information technology (IT) expert and iGate Global Solutions director Ed Yourdon today (Jan 20, 2004) said the "next big thing" may emerge from India, which may not be on the radar screen of IT majors for innovations..
Sensex plunges below 6,000-mark after strong start
Mumbai: Discounting all positive factors, Sensex once again plunged below 6,000-mark today (Jan 20, 2004) ending with a huge 142 points drop after a brief overnight turnaround, as stocks went roller-coaster and came crashing like a pack of cards on severe sell-off by institutional investors.
'GDP growth to touch nearly 8.0 pc in 2003-04'
New Delhi: Economic think-tank National Council for Applied Economic Research (NCAER) today (Jan 20, 2004) revised upwards the gross domestic product (GDP) growth forecast to 7.98 per cent in 2003-04 from its earlier projection of 7.0 per cent.
