INFO-TECH
OUTSOURCING
REACTIONS OF THE BIG 4 TO THE MORGAN STANLEY VERDICT
Need for ‘safe harbour’ provisions
Safe harbour rules provide the circumstances in which the tax authorities would automatically accept transfer prices.
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Two lessons for policymakers
The decision affords the much desired stability and consistency, in relation to the vexed question of PE arising in specific circumstances.
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Will front-office operations be impacted?
The concept of ‘software PE’ appears to be novel. The OECD Commentary says that, in certain circumstances, a server could constitute a PE.
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‘Right’ arm’s length approach
MNCs need to structure their inter-company assignments with care, taking into consideration the nuances of the Supreme Court’s order in the Morgan Stanley case, says Mr Amitabh Singh, tax partner, Ernst & Young.The reference is ...
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TELECOMMUNICATIONS
$400-m RComm contract for Alcatel-Lucent
The Anil Ambani-controlled Reliance Communications has awarded an IP based $ 400 million contract to Alcatel-Lucent to upgrade its CDMA and GSM network by adding additional mobile switching centres and base stations. Alcatel –Lucent will ...
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STOCKS
Mid-cap IT companies remain firm in recent past
Hopes of good Q1 results also trigger interest
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HARDWARE
Dell launches new notebooks, desktops
New Delhi, July 11 PC major Dell on Wednesday announced the launch of a new range of notebook and desktop computers under brand name ‘Vostro,’ aimed at small businesses. “Vostro brand products and services have been ...
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SOFTWARE
Rupee impact: Infosys cuts earnings guidance
Q1 net profit up 34.5%; sequentially down 5.7%
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Cisco strategy to tap growing enterprise biz
Mumbai, July 11 Cisco Systems (India) Pvt Ltd announced its plans to tap into the country’s growing enterprise businesses in the retail, infrastructure, healthcare and education verticals. Cisco will focus on developing customised ...
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Cognizant development centre opens in Kochi
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MERGERS & ACQUISITIONS
Infosys mum on CapGemini buy
Has Infosys Technologies made an attempt to acquire CapGemini, the European consulting giant?The Infosys CEO, Mr S. Gopalakrishan’s comment at a press conference left many newspersons guessing on Wednesday. He neither denied nor ...
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Orange buys GTL’s IT services biz
Marks France Telecom’s re-entry into India
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Megasoft to acquire US firm for $65 m
Hyderabad, July 11 Telecom technology solutions provider Megasoft Ltd has concluded a definite agreement to acquire US-based Boston Communications Group, Inc (BCGI) in an all cash deal valued at $65 million.“The boards of both the ...
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Infy scouting for mid-sized buys to expand consulting
New Delhi, July 11 Even as the company remained mum on recent market speculation that it was mulling a bid for Paris-based Capgemini, India’s second largest software exporter Infosys Technologies today said it is actively scouting for ...
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TRADE & LABOUR UNIONS
BSNL union gives 15 days time to resolve contract row
Even as it ended its one-day strike on Wednesday, the Bharat Sanchar Nigam Ltd (BSNL) employees union has given 15 days time to the Communications Ministry to resolve the cellular contract row. The Joint Forum of BSNL Unions said that ...
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INTERVIEW
‘Rupee rise has hit our BPO margins’
Increased hiring to meet biz requirements
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VENTURE CAPITAL
Infrasoft gets Rs 100 cr funding from Baring
Private equity firm to get controlling stake
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IT-ENABLED SERVICES
Ugam Solutions to provide B2B multi-country research
Sets up a data collection centre in London
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OUTLOOK
Infosys long-term growth story intact
The first quarter earnings card of Infosys Technologies looks disappointing. Infosys is known to give conservative guidance and even such guidance has not been achieved this time around. But the numbers also show continuing business ...
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Infosys positive on prices
Bangalore, July 11 Infosys said on Wednesday that the pricing environment continues to be favourable with an upward bias. The CEO, Mr S. Gopalakrishan, said the company managed to get a 2-3 per cent hike from its new customers during the ...
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