NATIONAL TCS first quarter net surges 71% Tata Consultancy Services has reported a 71.28 per cent rise in net profit at Rs 519 crore (Rs 5.19 billion) for the first quarter ended June 30, 2004, compared to Rs 303 crore (Rs 3.03 billion) in the corresponding quarter last fiscal.
TCS IPO proceeds to restructure Tata Sons B/S Flagging off the road-shows for the Rs 5,000 crore Initial Public Offering of Tata Consultancy Services Ltd (TCS), Tata group chairman Ratan N Tata today (July 21, 2004) said the proceeds will be used to restructure Tata Sons Ltd's balance sheet and support the group's new business initiatives.
Progeon partners Aceva to offer accounting solutions Business process outsourcing firm Progeon Ltd, a subsidiary of Infosys Technologies Ltd, and enterprise software applications provider Aceva Technologies Inc have formed a partnership to offer finance and accounting solutions.
Govt to amend BPO laws to boost investments The Government said on Wednesday (July 21, 2004) that it would soon bring in amendments in the existing legislations dealing with the business process outsourcing (BPO) industry to inspire confidence among investors and silence the detractors.
Change in transaction tax lifts market by 36 pts Bolstered by the partial roll-back of transaction tax, the market witnessed a sharp rally in the last fifteen minutes of trading today (July 21, 2004), lifting the Sensex by 36 points on hectic buying support from operators and retail investors.
FM failed to address BPO taxation in Budget: NASSCOM The National Association of Software and Service Companies (NASSCOM) will make a presentation before the Finance Minister P Chidambaram on the issues related to taxation of software and business process outsourcing (BPO) sectors which the Union Budget had failed to address.
FM alters transaction tax; stock market soars Government today (Jul 21, 2004) exempted bonds from the new transaction tax and reduced the levy on day traders and arbitrageurs from 0.15 per cent to 0.1 per cent.
FDI policy in the best interest of the nation: FM Finance Minister P Chidambaram today (July 21, 2004) said decisions on Foreign Direct Investment (FDI) will be taken in the best interest of the country in consultation with Left parties but appealed to all parties to consider the Chinese example in this regard.
We won't withdraw support but oppose FDI, says CPM The policy adopted on Foreign Direct Investment (FDI) by the UPA (United Progressive Alliance) Government at the Centre was against the thrust of Common Minimum Programme (CMP) and not acceptable to CPM, party's state secretary Anil Biswas said in Siliguri today (July 21, 2004).
INTERNATIONAL TCS to create jobs in US; opens centre in Buffalo Tata Consultancy Services (TCS) has opened a training centre in Buffalo in the New York State as part of its programme to expand its presence and bring jobs to the area.
