NATIONAL 'World Bank to increase annual lending to India' World Bank is planning to increase its annual lending to India to $ 3 billion as part of initiatives to continue the long-term development partnership, the Bank's country director, Michael F Carter said today (Nov 5, 2004).
"Cumulatively, India is our biggest client. The World Bank's present portfolio of projects in India is its second biggest worldwide. We intend to be a facilitator and generator of global knowledge for India and help its poorest States in particular," Carter said.
Sales tax on s/w may impact PC penetration: Nasscom The Supreme Court judgement designating packaged software as 'goods' for the purpose of sales tax could slow down the speed of penetration of PCs in the country and encourage piracy of software, Nasscom said today (Nov 5, 2004).
Sales tax on s/w may impact PC penetration: Nasscom The Supreme Court judgement designating packaged software as 'goods' for the purpose of sales tax could slow down the speed of penetration of PCs in the country and encourage piracy of software, Nasscom said today (Nov 5, 2004).
Bosch to hire 600 software engineers in B'lore German auto engineering major Robert Bosch on Friday (Nov 5, 2004) said it will add 600 software engineers at its India software and engineering centre in Bangalore by August 2005.
Wipro seeks 100 acres in Mysore, 25 acres in M'lore The seventh edition of Bangalore IT.COM came to a close Bangalore today (Nov 5, 2004) with software major Wipro announcing its intent to acquire 100 acres of land for its software and BPO operations in Mysore.
BSE: Market up by 58 pts despite rise in inflation Notwithstanding a rise in inflation and a sharp hike in prices of petrol and diesel, the market surged up to a strong finish, rising by 58 points on hectic buying prompted by downtrend in global crude oil prices.
RIL challenges HC over 'points of interconnection' Reliance Infocomm today (Nov 5, 2004) challenged the single Bench order of the Delhi High Court which rejected the company's plea to restrain BSNL from disconnecting 'points of interconnection' due to the private telecom operator's failure to pay Rs 254 crore for routing international calls as local.
NTPC stock lists at premium to issue price The scrip of National Thermal Power Corporation Ltd (NTPC) today (Nov 5, 2004) witnessed heavy volumes after listing at a premium to the issue price on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Inflation rises to 7.38 pc amid uncertain oil prices After remaining unchanged for a week, inflation rose by 0.28 per cent to 7.38 per cent for the week ended October 23, mainly due to costlier vegetables, fuels and certain manufactured products.
