NATIONAL 'India set to become a textile BPO destination' After the success in Information Technology, India is all set to emerge as a global outsourcing destination for textiles, with export potential of $ 10 billion in the next two to three years, textiles secretary S B Mahapatra said.
Stocks crash once again; Sensex down by 121 pts After a two-day steady performance, stocks once again crashed pulling the Sensex down by 121 points at close on the Bombay Stock Exchange (BSE) today (March 18, 2004) on heavy sell-off at the fag end by domestic funds.
Qualcomm to set up development center in India US mobile phone technology company Qualcomm plans to set up a software development and chip design unit in India to benefit from the country's relatively cheap development costs, a top company official said.
India Inc will have to necessarily adopt e-TDS: Govt The Government said today (Mar 18, 2004) that the filing of Tax Deduction at Source (TDS) returns on paper form after June 2003 was not acceptable and all corporate houses would have to necessarily file it only on electronic format (e-TDS).
INTERNATIONAL For Uncle Sam, this time Europe is enemy No.1 Many US chemical factories are pulling down their shutters and transferring production to Europe and China to meet the high cost of natural gas, rendering thousands of Americans jobless.
'India must focus on quality to sustain BPO wave' India, one of the world leaders in business process outsourcing (BPO), must ensure that its services are not only cost-effective but also qualitatively superior to that in the United States to ride out of the furore over outsourcing, a leading American expert on customer satisfaction measurement methodology said.
'India remains the undisputed offshore leader' Amidst outbursts against outsourcing in US, a research firm has reported that one out of every four high-tech jobs in developing countries may be outsourced to countries like India.
