NATIONAL India must step up growth to be economic super power Stressing on speedy reforms, the United Nations Industrial Development Organisation (UNIDO) today (July 22, 2004) said India has to step up industrial growth to 10 per cent to sustain 7-8 per cent GDP (Gross Domestic Product) growth and emerge as economic super power in 21st century.
8 Indian Cos among world's Most Valuable Companies Oil & Natural Gas Corporation Limited (ONGC) and Reliance Industries Limited (RIL) have been for the first time listed amongst the Top 500 companies in the world in terms of market value.
BSE: Tax revision lifts market by another 61 points Responding to favourable amendment in the transaction tax, investors today (July 22, 2004) made heavy commitments aiding the Sensex to end 61 points up at two-month high of 5054.29 despite weak global advices and monsoon worries.
Infosys expands: to hire 10,000 with $21 mn outlay Beating its own guidance once again in the first quarter results this fiscal, Nasdaq-listed software major Infosys on Wednesday (Jul 21, 2004) said that it will recruit 8000-10,000 people this year and invest $21 million for expansion.
INTERNATIONAL Outsourcing megadeals worth $9.2 bn inked in Q2 Five outsourcing megadeals with a total value of $9.2 billion were inked during the quarter this year, compared to three deals worth $6.8 billion during the same period last year, said a report released by a consulting and research firm. The value of pending deals are on par with last year's but TPI, the firm which conducted the study, believes that signs point to even more growth.
