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Infosys in $1 b club, recommends 3:1 bonus
BANGALORE, APRIL 13. IT bellwether, Infosys Technologies, the Bangalore headquartered IT services company, announced on Tuesday that it had earned revenues of over a billion dollars for the year ended March 31, 2004. This year, a firmer rupee was ...
Kalam, Vajpayee congratulate
BANGALORE, APRIL 13.The President, A. P. J. Abdul Kalam, in a congratulatory message, today said he was "delighted to see Infosys become a billion dollar company.'' Infosys announced on Tuesday, it had become the largest listed Indian IT company ...
Cognizant announces two-for-one stock split
CHENNAI, APRIL 13.The board of directors of the Nasdaq-listed Cognizant Technology Solutions Corporation, a leading provider of IT services, today approved a two-for-one stock split on its capital stock in the form of a stock dividend. This is, ...
Is threat to Indian BPO real or a myth?
CHENNAI, APRIL 13.India's business process outsourcing (BPO) segment, a virtually non-existent space a few years ago, has grown to $2 billion now. The industry expects a steady growth in this segment, as India is still a favourable destination ...
Other Stories
Textiles quotas deadline to be kept: WTO official
Shareholders handsomely rewarded
Sensex shoots up 121 points
Intel to expand Bangalore centre
Barometer
Stock Market Index
Bullion rates
Briefly
NDTV fixes price band
MUMBAI, APRIL 13. The initial public offer of New Delhi Television Ltd (NDTV), which comprises a fresh issue and an offer for sale will be available for a price band of Rs. 63-70 per share for book-building. The issue opens on April 21 and closes ...
Tata Motors forays into Russia
NEW DELHI, APRIL 13. Close on the heels of acquiring Daewoo Commercial Vehicle Co in Korea, Tata Motors has signed an agreement with S. K. Prom of Russia to assemble 5,000 trucks annually at the Urals plant in Russia. "The plant plans to assemble ...
DPC bid: MSEB clarifies position
MUMBAI, APRIL 13.The Maharashtra State Electricity Board (MSEB) today sought to distance itself from the controversy over not bidding for Enron's equity in Dabhol Power Company (DPC) in a U.S.-based Bankruptcy Court. Explaining the issue, the ...
Citibank launches Woman Account
NEW DELHI, APRIL 13. Citibank today launched a new zero-balance savings account scheme for women, which also offers housing loan at a concessional 7 per cent, credit card and personal accident insurance free of cost. "We are targeting one lakh ...
Bank of India's NPA recovery drive
COIMBATORE: The Coimbatore zone of Bank of India has recovered Rs. 47.23 crores of its total non-performing assets (NPA) of Rs. 133 crores during 2003-04. A release from the bank said that the recovery of Rs. 47.23 crores comprised cash recovery ...
Sona Koyo sales up 26 p.c.
NEW DELHI: Auto component maker, Sona Koyo Steering, has reported a 26 per cent rise in net sales at Rs. 83.21 crores during the fourth quarter ended March 31, 2004 against Rs. 66.50 crores in the same period of the previous year, a company ...
Cheque truncation pilot project
MUMBAI: The Reserve Bank of India is expected to kick off the pilot project on cheque truncation, which eliminates physical movement of cheques, in Delhi over the next 9-12 months. "We have invited tenders from parties for developing the ...
MIT professor on Patni board
NEW DELHI: Patni Computer Systems, an IT services exporter, has announced the appointment of Massachusetts Institute of Technology's (MIT) Michael A. Cusumano as an independent director on the company's board. He will assist the company in honing ...
Sashi Krishnan appointed Chola MF CEO
NEW DELHI: Asset management company (AMC) Cholamandalam Investment and Finance Company has appointed Sashi Krishnan as the Chief Executive Officer of its Chola Mutual Fund. Mr. Krishnan was earlier heading the company's fund management function. ...
Iomega expands portfolio
NEW DELHI: The data storage company Iomega Corporation has expanded its Indian portfolio by launching a new drive for backup storage for small and medium companies. "Iomega's new REV drive makes back-up and system or file recovery tasks faster, ...
Datacraft appoints new President for India
NEW DELHI: Datacraft Asia on Tuesday announced the appointment of Nagendra Venkaswamy as its new President for India and the sub-Continent. He takes charge from Dilip Kumar who has been promoted as Regional Director (India, Malaysia, Thailand, ...
Indian Insure's growth plans
HYDERABAD: India Insure Risk Management Services has chalked out aggressive growth plans to spread its network to western and northern parts of the country, and is considering Gujarat, Punjab, Rajasthan and Uttar Pradesh to start five more ...
Tubes SBU's new initiatives
HYDERABAD: Tata Steel (Tubes SBU) commemorated 50 years of Indian tube making at a retailers meet here. The Tubes SBU on Tuesday is the largest tube manufacturer in India with an annual production capacity of more than two lakh tonnes. Set up in ...
SIDBI signs MoU with SFCs
HYDERABAD: The Small Industries Development Bank of India (SIDBI) has so far found seven State Financial Corporations (SFCs) satisfying the assessing standards set for ascertaining their credit absorption levels from the Rs. 10,000 crore SME ...
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