NATIONAL Housing flats to be costly following service tax Housing Flats in apartments with more than 12 units will become costlier with the levy of service tax on construction of residential complexes along with eight other services from June 16.
'Young BPO staff in a culturally confused state' A top business process outsourcing expert said today (Jun 7, 2005) with highly lucrative salaries, the younger lot in the BPO industry earning much more than what their parents earned at their age, they tend to be in a culturally confused state.
FM prescribes financial reform for 7 pc growth Finance Minister P Chidambaram has said crucial financial sector reforms are required, if India has to maintain a seven per cent growth rate, listing out banking, insurance, pension and capital markets as immediate priority areas.
K'taka clears Rs 13,937 cr investment proposals The High Level Committee (HLC) of the Karnataka Government at its meeting in Bangalore yesterday (Jun 6, 2005) has cleared fourteen mega industrial projects involving Rs 13,937 crore investments, Minister for Industries P G R Sindhya said today (Jun 7).
GrapeCity announces partnership with Telelogic GrapeCity India today (Jun 7, 2005) announced a business partnership with Telelogic, a leading global provider of solutions for advanced systems and software development, to sell their range of development tools in India.
BSE: Bank stocks lead rally; Sensex up by 23 pts Led by bank stocks, the stocks market today (Jun 7, 2005) turned firm at the fag end and lifted the Sensex 23 points up extending the gaining streak to fourth straight session on late buying support from local funds amid slowdown in FII inflows.
Goldman to set up operations in India; to hire 300 Investment bank Goldman Sachs is ramping up its India operations with plans to hire 300 people taking its total headcount to 800 by this year end, company executives said today (Jun 7, 2005).
Pak to review ban on import of diesel from India Pakistan will review a ban on import of diesel and petrochemicals from India, when it next prepares the draft of the import-export policy, India's Petroleum Minister Mani Shankar Aiyar said today (Jun 6, 2005).
Vigilance mulls legal action against Sahara group The Vigilance Investigation Bureau was contemplating legal action against the Sahara group management, the employer of the high-profile former Patna District Magistrate Gautam Goswami, who is evading arrest in the multi-crore flood relief scam.
India disappointed with US and EU services offers India today (Jun 7, 2005) said that it was very disappointed with offer made by the US in the services negotiations of WTO (World Trade Organisation) as it has not increased number of work visas for professionals.
Outsourcing to India cuts costs by 40-50 %: NASSCOM Outsourcing ITES-BPO work to India has helped companies achieve 40-50 per cent cost savings, according to NASSCOM (National Association of Software and Service companies).
India to face manpower shortage in ITES-BPO space Manpower shortage in India's high potential, high-growth Information Technology Enabled Services (ITES)-Business Process Outsourcing (BPO) industry by 2009 is estimated to be 2.62 lakh people, officials said today (Jun 7, 2005).
Investors gain over Rs 12 lakh cr in 1st yr of UPA Investors gained over Rs 12 lakh crore in the first year of the United Progressive Alliance (UPA) regime under the leadership of Prime Minister Manmohan Singh.
Maruti hikes Swift prices by Rs 8,000 to Rs 10,000 Barely a fortnight after launching its new hatchback model "Swift", Maruti Udyog Ltd (MUL) yesterday (Jun 6, 2005) hiked its price by Rs 8,000 to Rs 10,000 depending on the variants.
New Ind policy in Haryana to be investment-friendly Promising an investment-friendly climate, Haryana Chief Minister Bhupinder Singh Hooda yesterday (Jun 6, 2005) announced the State's new Industrial Policy aimed at attracting an investment of Rs 2 lakh crore in a decade and generating one million jobs.
INTERNATIONAL India to build reserves for Iran-India gas pipeline India will develop underground natural gas storage facilities to act as a reserve in the event of disruption in gas supplies through the proposed $4.16 billion Iran-Pakistan-India gas pipeline.
