NATIONAL Bad infrastructure: Philips boycotts Bangalore IT.Com German IT major Philips Software today (Oct 8, 2004) said it is backing out of Bangalore IT.Com, Karnataka's flagship IT event, protesting the Government's "failure" in improving the infrastructure in India's silicon valley.
Wipro to build domain skills with 15 insurance firms IT major Wipro today (Oct 8, 2004) said it is building strong domain skills with 15 internationally certified insurance consultants for servicing insurance firms.
BSE: Market ends flat after crossing 5800-mark The market ended flat after crossing the 5800-level for the first time in five months, in an otherwise lacklustre activity and low volume on late sell-off by operators and domestic mutual funds in select key stocks amid reduced FII activity.
Datacraft to be global tech support hub in India Singapore-based IT services firm Datacraft today (Oct 8, 2004) said, it plans to move tech support work from South Africa, US, Australia and UK by merging its parent UK-based Dimension Data operations at its India centre in Bangalore in the next 24 months.
Fall in commodities' price dips inflation to 7.38 pc Inflation dropped by 0.42 per cent to 7.38 per cent, for the second week in succession, in the week ended Sep 25, 2004 mainly due to fall in prices of vegetables and essential commodities.
Tax collection up by 19 pc at Rs 1,14,400 cr in H1 Tax collection grew by only 19 per cent to Rs 1,14,400 crore in the first half of this fiscal mainly due to lower-than-expected mop up in corporate tax, excise and customs duties.
INTERNATIONAL 'What does US outsource and what does it insource?' Asserting that India was a better destination than Israel, Ireland and China in business process outsourcing (BPO), Finance Minister P Chidambaram today (Oct 8, 2004) said the controversy in US over BPO was "highly exaggerated" as Washington stands to gain more from the deals.
FM continues hard sell, dispels concerns over Left Carrying further from New York his hard sell of India as an investment destination, Finance Minister P Chidambaram today (Oct 8, 2004) sought to dispel fears of foreign investors on account of the Left parties who he said were not opposed to foreign direct investment (FDI) in the country.
Maran invites foreign entrepreneurs to invest in IT Inviting foreign entrepreneurs to invest in the fast growing telecommunications sector in India, Communications and Information Technology Minister Dayanidhi Maran has said the Government would provide the policy framework for sustaining momentum.
