CBDT revisits BPO taxation with draft revised circular
THE Central Board of Direct Taxes (CBDT) has come up with a draft revised circular on taxation of IT-enabled business process outsourcing (BPO) units in India. It has also with immediate effect withdrawn its January 2004 circular on the same ...
Bank guarantee for mobile operators to be cut 50 pc
THE Ministry of Communication has decided to reduce performance bank guarantee for mobile operators by 50 per cent in the first year of operation. Operators can claim an additional 50 per cent reduction of the remaining amount if they fulfil all ...
Gypsies' lawsuit against IBM: Law versus morality
THE late June decision of a Swiss appeals court to allow five gypsies to proceed with a lawsuit against IBM in Switzerland relating to the company's role during the Nazi era when the company's technology and products ...
Ma Foi Q2 net revenue up 70 pc
MA Foi Management Consultants Ltd, a human resources firm, has reported net revenue of Rs 9.26 crore on gross revenue of Rs 27.76 crore (Rs 17.96 crore) for the second quarter ended June 30, a 70 per cent growth in net revenue over the ...
Software to create building models
A FUNDAMENTAL shift from illustration of building projects through drawings to representing the structure on the computer by using the Building Information Modelling (BIM) solution is in the offing. The technique, though new even in the US, ...
Amada moves software unit to Chennai, Shanghai
AMADA Co Ltd, one of Japan's largest sheet metal machine manufacturers, has shifted its software development to Chennai and Shanghai from its headquarters in Kanagawa, near Tokyo. Last year, the company closed down its software division, ...
Dax Networks bags Rlys, AP projects
DAX Networks Ltd, a networking solutions provider, has bagged three important networking projects from Southern Railway, and two from Andhra Pradesh for AP Engineering Colleges Communication Network and eSeva. With a recent alliance with Israeli ...
Cordiant Tech to hike staff strength
CORDIANT Technologies, a Kochi-based infotech company, today said that it plans to hire over 100 professionals by the year-end for its offshore development centre. Cordiant offers product engineering, project development and software testing ...
MERGERS & ACQUISITIONS
eSys eyes acquisitions to ramp up business
WITHIN a year of acquiring Chennai-based Nebula Technologies, IT products distribution company eSys is eyeing another strategic takeover of a distribution firm in India, in a bid to expand its existing portfolio and foray into new customer ...
E-COMMERCE & E-BUSINESS
E-commerce solution for AP commodity traders
`Doing business in US has ASP angle to it'
SOME time ago, i-flex Solutions created the concept of Tank Size. Meant to give investors a clear idea of what revenues to expect in future quarters, the terminology, the company says, is gaining acceptance. Mr Deepak Ghaisas, CEO, i-flex, ...
`W. European cos prefer nearshore call centres'
"The most popular targets will be Poland, Hungary, the Baltics, North Africa and the Czech Republic. An educated labour pool (which is increasingly multilingual) and economic stability, are proving very attractive to Western firms."
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