Online edition of India's National Newspaper
Wednesday, January 21, 2004
Nasscom aiming at $15.5 billion turnover
NEW DELHI, JAN. 20.With revenues topping $12 billion in 2003, the Indian software industry is aiming for a IT software and service industry turnover of $15.5 billion in 2004. In the $12 billion turnover in 2003, exports accounted for $9.5 billion ...
Taxing BPO companies `hurting India'
NEW DELHI, JAN. 20.The National Association of Software and Services Companies (Nasscom) today said that the Government stand on taxing companies providing information technology enabled services was `hurting India'. Unless this anomaly was ...
NCAER expects 8 p.c. GDP growth
NEW DELHI, JAN. 20.In line with other forecasts, the National Council of Applied Economic Research (NCAER) has also raised its estimate for gross domestic product (GDP) growth this fiscal. Against an estimate of 6.98 per cent growth forecast in ...
Merrill Lynch raises forecast
MUMBAI, JAN. 20. Merrill Lynch today raised its financial year 2004 gross domestic product forecast for India to 8 per cent from 7.3 per cent on the back of the exceptionally strong second quarter GDP numbers (8.4 per cent), driven by a 9.6 per ...
`Offshoring will continue'
BANGALORE, JAN. 20.Offshoring to India would hold steady for some years to come, driven by the larger enterprises, with "occasional failures and backlash/protectionist movements,'' Ed Yourdon, director of iGate Global Solutions, told reporters ...
Jindal Iron Q3 profit up
Jindal Iron & Steel Company has announced a net profit of Rs. 52.41 crores for the third quarter ended December 31, 2003 against Rs. 29.86 crores in the corresponding period of the previous year. Gross sales were higher at Rs. 132.92 crores ...
Sensex plunges below 6000-mark
MUMBAI, JAN. 20. Discounting all positive factors, the Sensex once again plunged below the 6000-mark ending with a huge 142 points drop after a brief overnight turnaround as stocks went roller-coaster and came crashing like a pack of cards on ...
Tatas to foray into DTH
MUMBAI, JAN. 20.Tata Sons is all set to foray into the direct-to-home television (DTH) segment in India through a joint venture with Rupert Murdoch-controlled Star Group. The Tata group would hold 80 per cent equity in the joint venture while ...
Oracle's E-Government projects
CHENNAI: Oracle India has announced its working on nine E-Government projects in India along with its partners including Tata Consultancy Services, National Informatics Centre and CMC among others. Oracle India is now involved in E-Government ...
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