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Thursday, June 10, 2004
'Smart-shoring' is the new buzzword
BANGALORE, JUNE 9.With a nice round number like $3.6 billion ringing in every one's ears, the annual strategy summit of the Information Technology-Enabled Services and Business Process Outsourcing (ITES-BPO) sector, organised by the National ...
Playing IT low key
The Nasscom ITES-BPO Summit that got underway today the most important event in the global outsourcing industry's Indian calendar provided stark contrast with the previous year's event, at least as far as host Karnataka was ...
Reliance Energy to buy-back shares
MUMBAI, JUNE 9. The board of directors of Reliance Energy Ltd. (REL), at a meeting held today, approved the buy-back of fully paid-up equity shares of the company up to a maximum price of Rs. 525 a share for a total amount of up to Rs. 350 ...
1:1 bonus from TI
CHENNAI, JUNE 9.Tube Investments of India, part of the Murugappa group, has recommended issue of bonus equity shares in the ratio of one share of Rs. 10 each for every equity share held. The company has also announced a dividend of 100 per cent ...
RBI nod for IOB final dividend
CHENNAI, JUNE 9.Indian Overseas Bank (IOB) has received the approval from the Reserve Bank of India for its proposed final dividend of 8 per cent. The total dividend for 2003-04 is 20 per cent. The bank had reduced its net NPA ratio to 2.85 per ...
Salem Steel makes profit
CHENNAI, JUNE 9.SAIL's Salem Steel Plant has made good strides during 2003-04 by registering Rs. 130 crores rise in turnover to Rs. 557 crores as compared to the previous year. The net profit was Rs. 2 crores against a loss of Rs. 119 crores. A ...
Coke's executive to step down
ATLANTA, JUNE 9.The Coca-Cola Co.'s No. 2 executive, Steve Heyer, is stepping down, the company said on Wednesday. The announcement comes a month after Mr. Heyer was passed over for the top job at the world's largest beverage maker. In a ...
Blackwill award for Tarun Das
NEW DELHI: The U.S. India Business Council yesterday awarded Tarun Das, Director General, Confederation of Indian Industry (CII), the prestigious Robert Dean Blackwill Award, for his contribution towards developing new, mutually supportive ...
Sierra Atlantic's software services
HYDERABAD: Sierra Atlantic will be providing hardware and software product developers globally through its interoperability lab at Hyderabad. This lab provides low cost testing services that enable software and hardware vendors to certify its ...
HDFC Bank offers finance for Maruti 800
CHENNAI: HDFC Bank has launched a new product for financing Maruti 800. The bank will offer 85 per cent finance for the on-road price of Maruti 800 (including registration and insurance) for a tenure of seven years. According to a release, this ...
Allianz Bajaj premium income up
CHENNAI: Allianz Bajaj Life Insurance Company has achieved a gross income of Rs. 220 crores in 2003-04. The company issued over 1.8 lakh policies, an increase of 60 per cent over the previous year. The total sum assured during 2003-04 was Rs. ...
Netkraft achieves CMMI Level 5
BANGALORE: Netkraft Private Limited has been appraised at Maturity Level 5 using Continuous Representation of the Capability Maturity Model Integration (CMMI) by Ramesh KK, an SEI-authorised lead appraiser on behalf of TUV Rheinland India, ...
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