NATIONAL Valtech India opens Development Centre in B'lore Valtech India, a subsidiary of France-based $ 100 million Global Consulting Group, Valtech, today (May 11, 2005) opened its Global Development Centre in Bangalore and said it plans to reach a headcount of 600 this year from 450 now.
BSE: Sensex down by 9.58 pts; closes at 6445.13 The Sensex today (May 11, 2005) recovered most of the early losses but failed to land in positive terrain and eased moderately by 9.58 points to close at 6445.13 on the Bombay Stock Exchange (BSE) on increased selling following weak global advices.
FM to hound tax evaders by using AIR, TIN, BCTT Promising a carrot and stick policy, Finance Minister P Chidambaram today (May 11, 2005) said taxmen will use annual information report (AIR), tax information network (TIN) and the new bank cash transaction tax (BCTT) to track tax evaders.
'Continue tax reforms; reduce rate to Asean level' The United Progressive Alliance (UPA) Government will continue tax reforms, including reducing tax rates to Asean levels in the coming years, improving administration and making enforcement stricter to check evasion, Finance Minister P Chidambaram said today (May 11, 2005).
BSE: Sensex falls sharply by 46 pts in early trade The Sensex today (May 11, 2005) declined further sharply by 45.56 points at the opening session on the Bombay Stock Exchange (BSE) due to increased selling pressure.
US-based Zylog Systems plans to up India headcount Zylog Systems, the Indian arm of New Jersey-based IT services and products company, yesterday (May 10, 2005) announced an investment of Rs 15 crore to build a bigger facility in the IT Corridor, in Chennai outskirts.
AP & Karnataka ahead of TN in terms of IT exports Despite being a hot destination for IT and Business Process Outsourcing (BPO) segments, Tamil Nadu has recorded lower growth than its neighbouring States, Karnataka and Andhra Pradesh, in terms of total software exports for 2004-05.
INTERNATIONAL Hyundai to launch new Sonata with old price in July Hyundai Motors is all set to launch an all-new Sonata in India by July-end, retaining the price at about Rs 16 lakh, and may also offer a replacement scheme to the existing customers of the premier sedan.
