NATIONAL IT department slaps Rs 261.7 crore notice on Wipro Income Tax authorities have served a Rs 261.7 crore notice on IT major Wipro on denial of deduction under section 10A for the software firm's profits in 2001-02, the company said today (Apr 4, 2005).
Sensex ends flat with fractional fall of 0.62 pt The Sensex today (Apr 4, 2005) ended flat with a fractional fall of 0.62 point at 6604.42 on the stock exchange, after the market underwent a fresh correction due to profit-taking that arrested an early rally and cut-short a sharp three-session weekend bounce back.
HAL achieves a sales turnover of Rs 4425 crores Hindustan Aeronautics Limited (HAL) has achieved a sales turnover of Rs 4425 crores (Provisional) during the FY 2004-05, recording a growth of 16.4% over last year. While the profit of the largest Defence PSU soared to Rs 630 crores (Provisional), which is an increase of 5.1% over its last year performance.
Mysore airport project: K'taka to ink MOU with AAI Airports Authority of India (AAI) has conveyed its willingness to construct a airport in Mysore and Karnataka would soon ink a MOU with AAI in this regard, Minister for Industries P G R Sindhya said today (Apr 4, 2005).
Ocwen unveils enhanced vendor management tool Ocwen Financial Corporation (OCN) today (Apr 4, 2005) unveiled Vendor Assurance, a Web-based vendor management tool that will make it easier, quicker and more profitable for mortgage originators to electronically manage the settlement process.
China a major BPO threat to India: Azim Premji "China would emerge as the biggest threat to India in the coming years in the field of IT outsourcing", chairman of Wipro Limited Azim Premji said today (Apr 4, 2005).
Germany plans to invest in India's infrastructure Germany wants India to play an important role at the World Trade Organisation (WTO) and is planning to step up investments in infrastructure, including energy, roads, airports and port sectors.
Britain favours an open skies policy with India Britain today (Apr 4, 2005) favoured an open sky policy with India to allow its three airlines to fly more services and routes to the country and said, it would raise this issue during the bilateral meet on aviation to be held later this month in New Delhi.
Infosys is 1st company in India to get BBB rating Infosys Technologies Ltd has become the first company in India to obtain BBB rating, higher than the country's sovereign rating (BB+/Stable/B), from global credit rating agency Standard & Poor's, reflecting the company's strong financial profile.
Indo-German discussions on how to boost investment Germany wants India to play an important role at the World Trade Organisation (WTO) and is aiming to step up investments in infrastructure, including energy, roads, airports and port sectors.
BSE: Sensex opens on a firm trend; gains 10 pts The Sensex today (Apr 4, 2005) extended its last week's firm trend at the opening session on the Bombay Stock Exchange (BSE) on increased buying activity and rose by 10 points.
