NATIONAL Wipro bags maintenance contract from Loyalty Gate IT major Wipro today (July 27, 2004) said it has bagged a multi-year contract for application maintenance, support and development from European firm Loyalty Gate Ltd.
Infy launches Campus Connect for better IT graduates Software major Infosys today (July 27, 2004) said it aims to reduce training costs and time of new hires with "Campus Connect", a programme launched for improving the quality of graduates from engineering colleges in the country to suit IT industry requirements.
'China is just 3 yrs behind, we have to improve' An aggressive China with its hardware strength is just three years behind India's software industry, with its heavy investments on improving English in its people and building huge capacities in higher education, a top Infosys official said today (July 27, 2004).
TCS IPO to open on July 29 and close on August 5 Tata Consultancy Services Limited (TCS), a part of Tata group is planning to come out with an IPO by offering 55.45 million equity shares of Rupee one each for cash at a premium through a cent per cent book building process, a top company official said.
IBM to set up eGovernance centre in Chandigarh IBM India today (July 27, 2004) announced the signing of a Memorandum of Understanding (MoU) with Chandigarh Union Territory, under which it will set up an "IBM eGovernance Solutions Centre for Linux" for the Chandigarh Administration.
India assertive on Agriculture issue in WTO talks India has taken a tough stand on the contentious agriculture issue in the WTO (World Trade Organisation) talks and asserted that there would be no compromise on issues that affected the livelihood concerns of millions of farmers in the Country.
Reliance records net profit of Rs 1,437 cr in Q1 Reliance Industries Limited has announced its un-audited results for the first quarter ended June 30, 2004. Gross turnover of Rs 20,763 crores ($ 4,509 million). Net Profit of Rs 1,437 crores ($ 312 million), the highest in the private sector.
BSE: Sensex down by 42 points on FII selling After showing signs of a rally, the market came under heavy pressure and ended 42 points lower in an otherwise scrip-specific activity at the Bombay Stock Exchange (BSE) today (July 27, 2004) as Foreign Institutional Investors (FIIs) resorted to selling pressure at the fag end of the session.
FM mulls outsourcing mantra to boost revenues After direct taxes, Finance Ministry proposes to outsource some of the activities in excise and customs departments and find innovative methods to boost revenue collection to Rs 1,65,000 crore this fiscal.
FM agrees in principle to infuse equity in AI, IA Civil Aviation Minister Praful Patel today (Jul 27, 2004) said that Finance Minister P Chidambaram has agreed "in principle" to infuse more equity in Indian Airlines and Air India to enable them expand fleet and "look into" the demand for reconsideration of withholding tax on leased aircraft.
