NATIONAL Be a partner, not low cost provider: Haque to IT Cos India-born Pramod Haque, rated as world's leading venture capitalist, today (Sep 13, 2004) said Indian IT Companies should transform themselves from being a low cost provider to being a strategic partner for its global customers.
BSE upbeat; up by 27 pts on positive FII inflow Discounting continuous up-trend in the inflation rate, the market remained upbeat lifting the Sensex by another 27 points in an otherwise restricted activity at the Bombay Stock Exchange (BSE) today (Sep 13, 2004) on sustained purchases by Foreign Institutional Investors (FIIs).
Tax collections up 17 pc at Rs 80,639 cr till Aug Duty cuts on petroleum and steel to rein in inflation decelerated the growth in overall tax collection to 17 per cent at Rs 80,639 crore till August, as against 20 per cent growth till July this fiscal.
'Cry against outsourcing would not go away' Nasscom (National Association of Software and Service Companies) president Kiran Karnik today (Sep 13, 2004) said there is shortage of highly skilled people for research and development in the country, while only seven to eight people among 100 were employable in the BPO (Business Process Outsourcing) industry.
Planning Comm 'sceptical' of 8 pc growth as in CMP Planning Commission today (Sep 13, 2004) said it would be difficult to attain an average growth rate of eight per cent in Tenth Plan when only two years of the Plan period are left but expressed the hope that 7-8 per cent growth mentioned in the CMP (Common Minimum Programme) could be possible in the years ahead.
IT and ITeS to employ 3.2mn professionals by 2012 Indian Information Technology (IT) and IT-enabled services (ITeS) export industry will employ 3.2 million professionals by 2012 when the revenues of the industry will rise to $119 billion, according to a study.
INTERNATIONAL India-global back office; China-factory of the world India today (Sep 13, 2004) said that it does not view China's giant leap forward will hurt its own development as New Delhi felt that the sustained growth of the two Asian giants constituted a 'win-win' situation for both and not a 'zero sum game'.
