TCS IPO oversubscribed 5.46 times; bid closes The Tata Consultancy Services Ltd's (TCS) initial public offering (IPO) has been oversubscribed 5.46 times even as retail investors lined up at collection centres to submit applications on the last day of bidding.
Concerto Software acquires Positive Software Systems Concerto Software Inc, a provider of Contact-Centre Solutions announced today (Aug 5, 2004) that it has acquired substantially all assets and certain liabilities of Positive Software Systems, Inc (PSS).
'Wipro seeks additional land to expand in Chennai' IT major Wipro has sought 85 acres of land for expansion near its facility in Chennai and about 25 acres for setting up a new facility in Coimbatore, Tamil Nadu IT Secretary Vivek Harinarain said today (Aug 5, 2004).
'Inflation is high but rains are beneficial to economy' Hinting at a reduction in pressure on prices, Chief Economic Advisor to the Union Government Ashok Lahiri today (Aug 5, 2004) said that "inflation has peaked" and the recent rains will have a beneficial impact on the economy.
INTERNATIONAL Microsoft denies allegations on moving jobs to India Microsoft Corp, the world's largest IT firm, has refuted a US-based Trade Union's assertion that the software maker was sending technology and other jobs to India and other nations, agency reports said.
