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Saturday, July 16, 2005

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TCS posts 33 pc rise in Q1 net — Adds 68 clients; hires 2,690 people
TATA Consultancy Services (TCS) has reported a net profit of Rs 578.86 crore for the first quarter ended June 30. The company's consolidated net profit, at Rs 630 crore, was 33 per cent higher, year-on-year, and 33.66 per cent higher, ... More

Left unions to press for 9.5% EPF rate
THE Government is likely to come under pressure once again on the issue of interest on Employees Provident Fund (EPF) deposits. Prior to the July 30 meeting of the Central Board of Trustees (CBT) to decide on the interest rate for 2005-06, ... More

Late evening futures trading in select agri commodities likely
THE Forward Markets Commission (FMC) may permit late evening trades in commodity exchanges in respect of certain internationally traded agriculture commodities such as soya and sugar. "Discussions are on within FMC on this issue," Mr S. ... More

Sensex gains 84 points
THE bulls were back in business at the bourses on Friday, with frenzied short covering in the last hour helping the indices surge over 1 per cent. On a day when it largely stayed in the green, the Sensex gained 83.84 points to close at ... More

Microsoft to launch anti-piracy initiative
IF you use a pirated Windows Operating System and download new updates and drivers from the Microsoft download centre, you may be in for a surprise from July 26. In a global initiative aimed at nudging users to shift to genuine Windows ... More

IT revenues cross $28.5 b in 2004-05
THE domestic IT industry logged in total revenues of Rs 1,24,039 crore ($28.5 billion) in the year ended March 31, 2005, recording a growth of 33 per cent. The industry showed a substantial growth across all segments, while the IT exports grew ... More

BSNL purchase deals to have `local' clause — Bid to boost manufacturing
BHARAT Sanchar Nigam Ltd will procure all its telecom equipment from only those vendors who have plans to set up a manufacturing facility in India. The State-owned company will introduce this clause in all its procurement policy, including for ... More

L&T plans more tie-ups in West Asia — To explore African market `seriously'
THE ECC (Engineering, Construction and Contracts) division of Larsen & Toubro Ltd will shortly finalise tie-ups with local partners in West Asia to tap the booming construction sector in the region. It will also make a serious effort to tap ... More

Inflation falls on lower food prices
THE annual wholesale price index-based inflation fell to 4.09 per cent during the week ended July 2, from the previous week's 4.14 per cent. The fall in the year-on-year inflation rate was mainly on account of lower food prices, according to data ... More

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