NATIONAL Banking entities make presentation to A-I for IPO Six merchant banking outfits, including SBI Caps, DSP Merrill Lynch and HSBC Securities, are in the race for appointment as an advisor to Air-India for its Initial Public Offering (IPO) slated for December 2005.
RIL board plans to shelve 'share buyback offer' Mukesh Ambani-controlled Reliance Industries is all set to shelve midway its ongoing share buyback programme -- which was opposed from the very beginning by younger Ambani scion Anil -- in the wake of the two reaching a settlement.
'Wipro does not need a CEO', says Azim Premji As debate on succession plans of Wipro Chairman Azim Premji is on, the man at the helm of affairs at the Bangalore-headquartered, New York Stock Exchange Listed firm says the company does not need a CEO.
2000 employees in BPO left Wipro in first quarter While Wipro added more than 2,000 employees in IT services in the first quarter, an equal number in its Business Process Outsourcing Business left the organisation in the same period, reflecting the high attrition rate in the BPO industry.
BSE: Sensex zooms by 119 points; ends at 7423.25 The Sensex today (July 22, 2005) zoomed by 118.93 points and after crossing the psychological figure of 7400, ended at an all-time high of 7423.25 on the Bombay Stock Exchange (BSE) on heavy foreign fund buying along with short-covering by operators.
Yuan revaluation to benefit exports: Kamal Nath India today (July 22, 2005) said the revaluation of the Yuan would benefit its exports as it would make the prices of Chinese goods more 'realistic' and provide level-playing field for Indian exporters in global markets.
Boeing in talks with IAF for Super Hornet aircraft American aircraft firm Boeing today (July 22, 2005) said it was in talks with the Indian Air Force and Navy for offering the Super Hornet aircraft for IAF's multi-role combat planes and its co-production.
Our structure is superior than Infosys: Azim Premji Wipro Chairman Azim Premji says his company's organization structure is superior to that of Infosys Technologies, in his rare comments involving the city-based rival. "I think, our structure is superior to the Infosys global delivery model", Premji told reporters here today (July 22, 2005) in response to a question.
Wipro urges acquisition to set up centre in Europe Wipro, the country's third largest software exporter, is seriously pursuing an acquisition, and has also plans to set up a BPO and software services centre in Eastern Europe, its Chairman Azim Premji said today (July 22, 2005).
Costly food products lead to rise in inflation Petrol and diesel price hike appears to have delayed impact as inflation rose to 4.14 per cent in the week ended July nine mainly due to costlier food and non-food products and minerals.
Wipro reports net profits of Rs. 428 Crores for Q1 Software major Wipro today (July 22, 2005) reported a net profit of Rs 428 crore for the first quarter ended June 30, 2005, a 20 per cent jump over the corresponding quarter of the previous fiscal.
