NATIONAL Market recovers 19 points on Wipro's liberal bonus Led by IT sector, stocks staged a moderate recovery after the brief overnight reaction aiding the Sensex to end 19 points higher even as late squaring up by operators kept the market under pressure.
Tax notice had bigger impact than US backlash: Wipro Wipro Ltd today (Apr 16, 2004) said the Rs 261.4 crore demand notice by the Income Tax department on it had a "bigger impact than the backlash in the US" and added they would file an appeal against the notice.
Spectramind to sign non-poaching deals with peers Wipro Spectramind, the Business Process Outsourcing (BPO) subsidiary of Wipro, plans to sign non-poaching agreements with 11 BPO firms in the country to counter "high staff attrition", even as the company saw a dip in its strength at the end of fourth quarter.
Sony India declares 20% growth; to launch VAIO PCs Sony India yesterday (Apr 15, 2004) declared a 20 per cent sales growth for the year ended March 31, 2004, and said it plans to launch VAIO personal computers in India over the next few months.
Wipro tight-lipped on its response to tax issue Information Technology (IT) company Wipro has decided to be silent on how it would respond to an income-tax demand notice of Rs 261 crore (Rs 2.61 billion) served to it earlier this month.
Annual cost of corruption $ 1 trillion: World Bank Cost due to corruption in both rich and developing countries is estimated at a whopping $ one trillion ($ 1,000 billion) a year, a World Bank Institute study has said.
BSE: Sensex rallies with Wipro bonus announcement After the overnight beating, the sensex once again turned strong on the back of a smart stocks rally led by IT sector during morning trading on the Stock Exchange today (Apr 16, 2004) on revival buying support from investors.
INTERNATIONAL Outsourcing to boom in India, China: Tower Group Tower Group, a research and consulting firm, expects big push to outsourcing by global financial institutions in countries like India and China.
