A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
Infotech publication Dataquest has chosen Tata Consultancy Services CEO Subramaniam Ramadorai as the 'IT man of the year 2004' and Indian Railway Catering and Tourism Corp for its 'pathbreaker award' for the same period.
A special court has convicted four persons, including two brothers of security scam mastermind Harshad Mehta, for their involvement in a related Rs 50 crore (Rs 500 million) fraud.
State-run BSNL is likely to place a Rs 20,000 crore (Rs 200 billion) mobile telephony order with the two winners of the contract - Ericsson and Nokia - by second week of May to increase the capacity of its network.
MTNL on Tuesday launched its long distance services between Delhi and Mumbai, opting Tata-owned VSNL as its preferred carrier for STD calls -- a move that could bring down call rates.
Within two weeks of offering voluntary retirement to 612 officers, state owned MTNL on Tuesday signed up another 1300 Group 'C' and 'D' employees for separation.
The 21-day coronavirus lockdown in force since Wednesday has triggered a mass exodus of migrant workers across the country since the last few days.
The mobile units with online facility will visit the houses of clients with thousands of proposals, R Chandrasekharan, CMD, Garuda International, said.
Faced with the challenge of retaining subscribers, state-owned MTNL is launching a 3-in-1 service, offering voice, broadband and cable TV on a single line while assuring affordability to its customers.
Bharat Hotels Ltd, which operates hotels under brand name 'The Grand', is planning to pump in Rs 1,400 crore (Rs 14 billion) to expand its presence in India by 2008, even as it is mulling an IPO to mop up the funds.
TVS Motor Company on Thursday said it would hit the Indonesian market by October 2006 with its step-thru vehicle.
Bank of India, the first public sector bank to establish a foreign branch, would open another five overseas offices and raise tier-II capital of Rs 300-500 crore (Rs 3-5 billion) to improve its capital adequacy ratio.
Parle Bisleri Pvt Ltd, the packaged drinking water maker, has planned a foray into the domestic fruit juice market and earmarked an investment of Rs 100 crore (Rs 1 billion) for the upgradation of its Chittor plant and setting up of a new facility.
On July 23, the apex court had cracked its whip on errant builders for breaching the trust reposed by homebuyers and ordered cancellation of the registration of Amrapali Group under the real estate law RERA, and ousted it from its prime properties in the NCR by nixing the land leases.
State-run Mahanagar Telephone Nigam, which had acquired the licence to offer telecom services in Mauritius in 2004, has started operations with international long distance services to begin with.
BSNL also launched a pre-paid card with lifetime validity for Rs 949 which includes preloaded talk time of Rs 99.
As soon as the amended Atomic Energy Act is cleared, Reliance Energy would be the first company to come forward to set up nuclear power plants
Recent data from market analytics firm Nielsen shows that the rural market in the country's 630,000-odd villages is pulling down the overall FMCG business.
The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
On name change, Bajaj Tempo CMD Abhay Firodia said, "As per the directive received from the regional director, western region, ministry of company affairs, the company has proposed to change its name to Force Motors Ltd."
The ban on Gaikwad was revoked last Friday after a letter from the ministry of civil aviation "advised" it to do so.
GailTel, the telecom arm of state-owned Gas Authority of India announced on Thursday an investment of Rs 750 crore (Rs 7.5 billion) over thr next five years to expand its telecom infrastructure, combining it with its proposed city gas pipeline.
Housing sales fell by about 30 per cent last year in seven major cities due to costlier flats and higher interest rate, says property consultant CBRE.
Even as the ITSA has opposed appointment of MTNL's director finance as the corporation's new CMD alleging that serious complaints against him were pending investigation, Communications Minister Arun Shourie has dismissed the charges.
Bharti's undersea fibre-optic cable connecting Chennai with Singapore has not been affected by the deadly tsunami waves, triggered by the massive quake off the Indonesian coast, its CMD Sunil Mittal said on Tuesday.
The new-age traveler is no longer into ticking a checklist of must-see spots on his holiday. He is ready to pay a premium to experience culture, crafts and culinary delights of the local populace
State-owned Bharat Sanchar Nigam Ltd on Friday said the concept of 'One India', entailing single tariff for local and STD calls, was welcome from the consumers' point of view but its impact on companies' finances would have to be assessed.
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