NATIONAL TCS to offer 5.54 crore equity share through IPO India's largest IT company Tata Consultancy Services Ltd (TCS) will offer 5.54 crore equity shares of Re one each, including a fresh issue of 2.27 crore shares, in its Initial Public Offering (IPO) through a book building route.
Volvo to synergise Indian ops; all under one roof Swedish bus and truck maker Volvo said today (June 10, 2004) that it would synergise operations in India by bringing a number of units like exports, IT and component outsourcing, construction equipment, and diesel manufacturing under one entity.
Adea Solutions to buy Netkraft in an all-cash deal Software services firm Netkraft today (June 10, 2004) said it is being acquired by the privately held business process and technology consulting company, the United States-based Adea Solutions, in an all-cash deal.
TCS to go public; the biggest private IPO issue! Tatas today (June 10, 2004) filed the draft prospectus with market regulator SEBI (Securities and Exchange Board of India) for their closely held company TCS's (Tata Consultancy Services) initial public offer to raise an estimated Rs 5,000 crore, the biggest IPO issue to hit the market from a private corporate.
'IT firms strengthen security to block anti-BPO lobby' India's software industry body National Association of Software and Services Companies (NASSCOM) today (Jun 10, 2004) said that it has initiated moves to prevent security and privacy issues from becoming the target point of the American anti-outsourcing lobby to scuttle outsourcing to the country's IT firms.
CMP is 'sensible', India can grow by 6pc: World Bank Finding "sense" in the Common Minimum Programme (CMP) of the United Progressive Alliance (UPA) Government, World Bank said today (Jun 10, 2004) India could at least grow by six per cent over the long term, but containing fiscal deficit was important.
Akiko Callnet to set up call centres in Kerala The Delhi-based Akiko Callnet, with a track record of running about 62 training institutes for the BPO (Business Process Outsourcing) industry and call centres across the country, is all set to spread its wings to Kerala.
INTERNATIONAL BPO firms eyeing small recession hit towns in US While shipping of US jobs overseas to take advantage of "dirt-cheap" wages in India and other countries is not likely to stop anytime soon, some big companies are discovering drawbacks to outsourcing jobs abroad and transferring jobs instead to small, recession-hit towns in the US.
India's high fiscal deficit 'not sustainable': IMF Warning that India's high fiscal deficit was "not sustainable", the International Monetary Fund (IMF) has said that a more efficient revenue collection and tax administration, a wider tax base and reduction in subsidies would help improve the fiscal position of the country.
