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Home -> Finance -> News

NATIONAL
Reliance Info plans to cross 10 mn subscriber mark
Reliance India Mobile on Tuesday (Oct 12, 2004) announced Phase-II of its expansion plan to take its number of subscribers beyond 10 million mark.

Finance Ministry to tighten noose on tax evaders
In a bid to check tax evasion, the Finance Ministry will shortly come up with detailed guidelines on Annual Information Return that would record high value transactions above Rs 50,000.

Infosys on hiring spree; to add 4,500 in 6 months
Infosys Technologies said on Tuesday (Oct 12, 2004) that it added 5,010 people during July-September 2004, its biggest recruitment in a quarter so far, which included 2,266 people from various college campuses in the country.

'Indian supremacy in BPO may be short-lived'
India's dominance in the global BPO market might be short-lived as almost eight nations including China, Mexico and South Africa are seriously eyeing a chunk of the market share and upgrading their technical skills for the same, according to an Assocham study.

Intel Software College, a one-stop training facility
Intel today (Oct 12, 2004) announced the formal opening of the Intel Software College, a comprehensive training school that will support India's software developer community by expanding their skills on Intel software and technologies.

Sensex dips by 41 pts as stocks continue to slide
Old economy stocks continued their slide with the Sensex ending lower by 41 points for the second consecutive session in narrow movements at the Bombay Stock Exchange (BSE) today (Oct 13, 2004) on sustained selling pressure from retail investors and operators.

Poll fever begins: All stock markets close tomorrow
All the principal markets, including the Stock Exchange (BSE), National Stock Exchange (NSE), Foreign Exchange (FOREX), Money Market, Bullion, Oilseeds and other wholesale commodity markets will remain closed in Mumbai tomorrow (Oct 13, 2004), October 13, on account of Assembly elections in the State.

Indian industry records impressive growth of 7.9 pc
Led by a strong recovery in the manufacturing sector, the industry registered an impressive growth of 7.9 per cent during August 2004 against 5.7 per cent in the same month last year.

UK based Allianz Cornhill opens new centre in Kerala
UK-based Allianz Cornhill has opened the second unit of Allianz Cornhill Information Services (ACIS) in Kerala.

Google founders' meeting with PM called off
The scheduled meeting of Internet search engine Google's founders and promoters with Prime Minister Manmohan Singh was called off on Oct 11.

BPO outcry: 'Security is the real issue not job loss'
An American IT industry body believes that concerns over outsourcing in the US were not likely to recede after the presidential elections.

Infosys posts 48 pc jump in profits at Rs 447.37 cr
Driven by volume growth and stable prices, software major Infosys today (Oct 12, 2004) reported a 48.64 per cent jump in net profits at Rs 447.37 crore for the second quarter ended September, as against Rs 300.16 crore posted during the same period last year.

INTERNATIONAL
India to create SEZs for biotechnology parks
Indian Government will soon introduce a legislation for creating special economic zones to develop biotechnology parks and free trade warehouses with 100 per cent Foreign Direct Investment (FDI).