NATIONAL IT, ITeS revenue may touch $ 148 bn by 2012 India's value proposition and overall shift towards offshore Information Technology and IT-enabled Services (ITeS) will lead to an annual growth rate of 35 per cent in the sector, with the revenue touching $ 148 billion by 2012, according to a Nasscom-KPMG study.
Avaya Mauritius makes open offer for Tata Telecom Following an agreement to pick up 25.1 per cent stake in Tata Telecom Ltd (TTL) from the Tata Group, Avaya Mauritius Ltd and associates are making an open offer to TTL shareholders to acquire upto 28.46 lakh company shares of Rs 10 each for Rs 220 per share.
Bharti to acquire Shyam's 67.5% stake in Hexacom In a major acquisition deal, Sunil Mittal-promoted Bharti Group today (Apr 5, 2004) entered into an agreement with Shyam Group to acquire its entire 67.5 per cent stake in Hexacom, a cellular operator in Rajasthan, for a consideration of Rs 430 crore.
BSE: Sensex up by 49.94 points to close at 5,838 The Sensex ignored the fag-end selling and completed its four-session gaining streak on the Bombay Stock Exchange (BSE) today (Apr 5, 2004) by closing 49.94 points higher at 5,838.02 following sustained buying by Foreign Institutional Investors (FIIs) and operators.
UK, US consumers to taste Indian rum from UB Group The UB group plans to export rum to the United Kingdom and the United States and position it as "Indian Rum", with an initial shipment of one lakh cases this fiscal.
India is definitely shining in telecom: Sam Pitroda India is currently definitely shining in the telecom sector but foundation for its growth was laid in mid-1980s, Sam Pitroda, a key man behind India's telecom revolution, said today (Apr 5, 2004).
