NATIONAL TCS acquires B'lore-based Phoenix Global Solutions Global IT services provider Tata Consultancy Services (TCS) has acquired Bangalore-based Phoenix Global Solutions (PGS), a provider of technology business solutions to insurance companies across the globe for an undisclosed sum.
RBI asks states to implement fiscal reforms Calling upon States to expeditiously implement fiscal reforms, including improving transparency, Reserve Bank of India (RBI) today (May 10, 2004) asked State Governments to make efforts to enhance revenues, both tax and non-tax, for better budgetary flexibility and providing funds for social sector.
Political timidity hits BSE; Sensex down by 113 pts Despite a late pull-back rally from the lows of 5501.17, sentiments at the Bombay Stock Exchange (BSE) remained distinctly weak today, as renewed political uncertainties drove the Sensex down by a whopping 113.74 point to close at 5555.84 on a virtual sell-off from all quarters ahead of the final phase of elections.
Infosys wins Arab National Bank as Finacle client Information Technology (IT) major Infosys Technologies today (May 10, 2004) said it has signed up Arab National Bank, one of the 10 commercial banks in Saudi Arabia, to implement Finacle, its universal banking solution.
INTERNATIONAL European outsourcing market boomed in 2003: IDC European outsourcing market boomed in 2003, with deals signed during the year increasing by 74 per cent to touch $44 billion, analyst firm IDC (International Data Corporation) said.
