Online edition of India's National Newspaper
Wednesday, June 23, 2004
Indian firms' revenue up 29 p.c.
MUMBAI, JUNE 22.While India-based IT service vendors represented a small segment of the worldwide market, with 1.4 per cent of total revenues, collectively their revenues increased 29 per cent in 2003 compared with only 4 per cent growth among ...
TCS tops list with $1 b earnings
CHENNAI, JUNE 22.The Indian companies earned revenues of $7.5 billion in IT outsourcing. Of which the top six realised revenues of $3.2 billion in 2003. Tata Consultancy Services topped the list of external service providers with revenues of ...
Rupee tumbles to 11-month low
MUMBAI, JUNE 22. The rupee lost another 32 paise against the U.S. currency today, as sustained hectic all round dollar demand amidst dwindling supplies drove it down to a 11-month closing low of 46.24/26 a dollar with sentiment bearish for ...
Rangarajan for gradual move to capital account convertibility
NEW DELHI, JUNE 22. The Chairman of the Twelfth Finance Commission, C. Rangarajan, today advocated a gradual approach towards full capital account convertibility, saying there could not be a jump towards full convertibility. Speaking at a ...
Financial Times takes stake in Business Standard
MUMBAI, JUNE 22. The Financial Times (FT) has signed an agreement to take a 13.85 per cent equity stake in Business Standard, a leading financial daily. The signing marks the first major investment in an Indian newspaper by a ...
Ranbaxy gets final FDA nod
NEW DELHI, JUNE 22. Ranbaxy today announced that it had got final approval from the U.S. Food and Drug Administration (USFDA) to market its Metformin HC1 tablets for diabetes. The approval was granted after Barr Laboratories, a wholly owned ...
Domestic leased line tariff
NEW DELHI, JUNE 22.With a view to promoting usage of Internet and broadband, the Telecom Regulatory Authority of India today proposed a 63 per cent reduction in the tariffs for a 2 mbps bandwidth capacity for domestic leased lines at Rs. 8.20 ...
Investment pattern for RNBCs
MUMBAI, JUNE 22.The Reserve Bank of India today announced rationalisation of the investment pattern prescribed for Residuary Non-Banking Companies (RNBCs) for imparting greater liquidity and safety to the investments of RNBCs and thus enhancing ...
Full exemption for export profits sought
COIMBATORE: The Chairman of the Apparel Export Promotion Council (AEPC), A. Sakthivel, has appealed to the Union Finance Minister, P. Chidambaram, to restore 100 per cent exemption for the exports profits from the Income-tax Act. In a ...
Biocon's Cuban JV expands product base
NEW DELHI: Biocon Biopharmaceuticals, the Cuban joint venture of the Bangalore-based Biocon, on Tuesday said it was expanding its product portfolio by adding two additional monoclonal antibodies and three cancer vaccines. The agreement on product ...
NCR Corporation bags order for 50 ATMs
CHENNAI: NCR Corporation has bagged an order from the Pune-based Cosmos Cooperative Bank for installing 50 ATMs to be deployed in a phased manner. According to Pramod Parkhi, Chairman, the Cosmos Cooperative Bank received good response from the ...
Oracle to launch ISV Forum
CHENNAI: Oracle has announced that Oracle Partner Network will host its first ISV Forum in San Francisco on June 29-30 and introduce a range of new benefits to help application providers speed up their business. The ISV Forum will offer ...
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