NATIONAL Average per capita income in India to rise by 5.2% An average Indian will see only 5.2 per cent rise in income at Rs 12,414 though the economy is expected to log 6.9 per cent growth this fiscal.
Snecma for $10 million joint venture with HAL Leading French aerospace group, Snecma, today (Feb 9, 2005) said it is planning to form a joint venture company with Defence major HAL to produce parts for respective engines of both partners under an initial $ 10 million deal.
US major Lockheed Martin signs TAA with HAL American aerospace major Lockheed Martin Corporation and public sector Defence undertaking HAL (Hindustan Aeronautical Limited) have signed a Technical Assistance Agreement (TAA) regarding the P-3 'Orion' maritime surveillance aircraft programme.
Sensex rises smartly, ends 49 pts higher at 6593 The Sensex today (Feb 9, 2005) surged by 49 points to close at 6593.53 on the Bombay Stock Exchange (BSE), driven up by hectic buying in key counters and extended the rally to the second straight session.
Policy on FDI in retail in next two months: Nath Government is considering opening up of retail and realty sectors for foreign investment and is expected to firm up its policy in next two months.
Tax system made paperless, TDS to be fraud-free Paving the way for a low-cost paperless filing of income tax returns and eliminating Tax Deducted at Source (TDS) frauds, the Government today (Feb 9, 2005) gave the go-ahead for setting up of the Phase-II of the Tax Information Network (TIN) at a cost of over Rs 100 crore.
India aims Defence exports of $130 mn this fiscal India's Defence exports will touch over $ 130 million topping with sales of helicopters and aircraft built by Hindustan Aeronautics Ltd (HAL) to friendly nations.
vCustomer Corporation, Pune facility wins Award The Builders Association of India has recognized Nyati Builders Pvt. Ltd, for the facility constructed by them in Pune for on behalf of vCustomer Corporation, a leading Business Process Outsourcing (BPO) Organization. The award recognizes Niyati's the company's partnership efforts with vCustomer, a leading Business Process Outsourcing Organization, for the efficiency and quality of the construction of its call centre facility in Pune.
BSE: Sensex resumes firm, rises to 6589.46 points The sensex started on a positive note and continued to rise on good buying activity with most of the index heavyweights showing good gains at the opening session on the Bombay Stock Exchange (BSE) today (Feb 09, 2005).
Convergys India to increase its manpower by 4000 Business Process Outsourcing (BPO) company Convergys India will open a new call centre office near Mumbai by June. The company, which currently employs 10,000 people in India, is looking to further increase its manpower by 4000.
Call centre workers in India are well taken care of Call centre professionals in India are well taken care of by the employers, compared to the US, where the workers were treated as a "commodity", said an official of Communication Workers of America (CWA), the largest workers union in the US.
INTERNATIONAL India at the top of the list of BPO destinations India, already on top of a list of leading outsourcing destination, has the potential to win even bigger off-shoring projects, according to CEO Briefing, a report written by the Economist Intelligence Unit.
