Financial Daily from THE HINDU group of publications
Wednesday, September 29, 2004

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`34 US States for anti-offshoring law'
AS many as 34 US States, including Alabama, Arizona, Illinois, and New Jersey, have proposed legislations restricting offshoring to low-cost destinations, according to a recent Unctad report. "In response to expansion of offshoring of services, ... More

Sutherland Global to expand in Mumbai
THE New York-based Sutherland Global Services has announced the latest expansion of its India operations in Mumbai, with plans to add 1,000 IT professionals and triple its employee base in the city. A news release from the company said it has ... More

Now, TV clips on Hutch mobiles
MOBILE services operator Hutch has announced the availability of 13 television channels for its mobile customers who own EDGE-enabled handsets. Hutch TV is "the country's only multi-channel TV-on-mobile," said a news release from the ... More

Reliance Info unveils 2 recharge vouchers
RELIANCE Infocomm has launched two recharge vouchers of denominations Rs 199 and Rs 165. This is to reach out to customers whose primary need is to receive incoming calls or recharge in smaller amounts, said a news release from the ... More

Bharti launches 2.4 Ghz cordless phone
BHARTI Teletech today rolled out the country's first cordless phone range that works on 2.4Ghz radio frequency. The new phones will provide enhanced clarity and three time better range than the traditional cordless phones. It also prevents ... More

Taxation of BPO units: CBDT issues revised circular
THE Central Board of Direct Taxes (CBDT) on Tuesday issued a revised circular spelling out the tax treatment of IT-enabled business process outsourcing (BPO) units in India. The draft of the revised circular was issued in August this year, ... More

PC sales up 39 pc in Q1
BUOYED by increasing IT spending by industry verticals and corporate sector, PC sales in the first quarter of 2004-05 crossed 8.9 lakh units, posting a year-on-year growth of 39 per cent. According to the quarterly industry performance review ... More

PeopleSoft revenues not at risk: Hexaware
THE senior management of Hexaware Technologies claim that they see revenues from the PeopleSoft relationship reaching the targets set for 2005. Oracle's recent tender offer for PeopleSoft Inc, cleared in the US with the District judge ruling ... More

Finacle achieves new benchmark
INFOSYS Technologies Ltd said on Tuesday that its universal core banking solution, Finacle, has achieved the highest scalability that is transactions throughput per second (TPS) of 11,180 in online mode and 19,568 TPS for batch mode. With ... More

Accenture trying out i2 Tech toolkit
SUPPLY chain management application vendor i2 Technologies expects to increase its business over the coming year leveraging its proprietary toolkit that allows composite application development. The company has partnered with TCS and NEC ... More

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Top Stories
`Thai trade pact no threat to CTV sector'

Global brewers keen on UB stake: Mallya

Bharti launches 2.4 Ghz cordless phone

PC sales up 39 pc in Q1

Gold safer bet than currencies: Study

Consumer durables becoming dearer this festive season

BHEL net profit rises 48 pc to Rs 658 cr — To pay 60 per cent

Looking back
Sep. 19-Sep. 25
Cisco to invest in start-ups

Reliance bundles phones with Intel-PCs

ICICI Info consortium bags VAT panel deal — For tax information exchange system

Sign-on bonuses are back, but firms are more choosy

IT sector contribution could touch 9 pc of GDP: Karnik

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