NATIONAL 'Anil Ambani's group applies for DTH licence' Within days of getting India's biggest private telecom company Reliance Infocomm, Anil Ambani's group today (Jun 30, 2005) approached the Government for a licence for entering the competitive Direct-to-Home (DTH) services.
'Infosys to integrate Oracle suite applications' Infosys Technologies and Oracle today (Jun 30, 2005) announced Infosys will integrate Oracle E-Business Suite applications into Finacle, Infosys' universal banking solution.
Canara bank eyes operations in US, Middle-East, SA Canara Bank, celebrating centenary year, is eyeing operations in South Africa, North America and the Middle East as part of its overseas expansion
plans, its Chairman and Managing Director M B N Rao said today (Jun 30, 2005).
Rao told reporters in Bangalore that entry into these regions could be through organic or inorganic routes. The bank would go in for acquisition if it comes across 'attractive proposition', he added.
BSE: Sensex rallies by 74 points, ends at 7193.85 Shrugging off the slowdown in GDP growth, the Sensex today (Jun 30, 2005) surged further by a whopping 73.97 points to climb at a new closing high of 7193.85 on the Bombay Stock Exchange driven up by sustained heavy buying by FIIs and short-covering by local funds.
TCS, Microsoft to form IT outsourcing JV with China In one of the largest ever initiative by Indian IT company in China, Tata Consultancy Services (TCS) and Microsoft have been selected as partners to form a joint venture (JV) company for IT outsourcing services and solutions for global and domestic market.
130 tax help centers: Now no excuse not to pay tax Stressing that lowering of tax rates should provide no reason for tax evasion, Government today (Jun 30, 2005) said about 130 help centres will operate from tomorrow (July 1, 2005) to assist small assessees pay taxes.
Philips to integrate its largest chip in Bangalore Bangalore design centre of the Euro 30.3 billion Royal Philips Electronics would work on the next generation consumer platform chip design and integrate the whole chip - biggest ever designed by the Netherlands-headquartered company, it was announced today (Jun 29, 2005).
CECA won't lead to switch trade, says Kamal Nath Terming the Comprehensive Economic Cooperation Agreement (CECA) with Singapore as a "win-win" pact, Commerce Minister Kamal Nath today (Jun 30, 2005) allayed fears of Indian industry that the country would be hit by switch trading, particularly flooding of Chinese goods.
India's economic growth is at 6.9 pc for 2004-05 Powered by a 9.2 per cent growth in the manufacturing sector, India's economic growth stood at 6.9 per cent for 2004-05, fiscal compared to 8.5 per cent during the previous financial year.
Outcome budget to discipline Ministries in spending The outcome budget to be presented next week will discipline various Ministries in their spending by ensuring that they do not stagger it towards the last quarter of fiscal.
Sensex shoots up by 73 pts during morning trading The Sensex today (Jun 30, 2005) started with overnight strength and rose further steeply by 73 points at the opening session on the Bombay Stock Exchange (BSE) on persistent heavy buying ahead of the expiry of the futures contract today.
Wipro's high-profile vice-chairman Vivek Paul quits Software major Wipro's high-profile vice-chairman Vivek Paul has quit the firm and switched over to technology and life sciences space by becoming a partner at the Texas Pacific Group, a leading private investment firm.
INTERNATIONAL India could be an emerging market lab: Microsoft Global software giant Microsoft has said India could become an emerging market lab for the company, leading the way in developing products and business models to reach the masses and bridging the digital divide.
Bush restores market access for Indian, Pak goods US President George W Bush has restored duty-free access to US markets for some goods from India and Pakistan, citing progress on intellectual property and worker rights, respectively.
