Signs of economic slowdown in the US and rupee appreciation notwithstanding, the National Association of Software and Services Companies (Nasscom), the consortium that serves as the apex body of the Indian IT software and BPO industry said that India's IT-BPO industry is poised to achieve the target of $75 billion in overall software and services revenues by 2010.
The Competition Commission has said it may release a long awaited remedies report on the UK grocery market on Friday.
The EU Commissioner for Information Society and Media, Vivane Reding, has said that parts of the UK will be exempt from EU regulations on the telecoms market because of sufficiently high competition.
Manchester United has moved up the league table of the world's richest football clubs, putting it just behind Real Madrid, who have held their top position for the third consecutive year.
Viruses on mobile phones are still rare but nearly three-quarters of mobile phone users in developed countries are worried about security on their handsets, a survey showed on Wednesday.
Two suitors competing to rescue British bank Northern Rock have been told to improve their offers to beat the alternative of nationalization, sources familiar with the matter said. The Virgin consortium, though, has been picked as a front-runner, ahead of a rival in-house proposal led by the mortgage bank's current management team, the sources said.
India's largest IT services, business solutions and outsourcing company, Tata Consultancy Services (TCS) has launched its second Global Delivery Center (GDC) near Hyderabad even as it announced reorganization of its global operations for better efficiency.
Indian workers in Gulf countries appear to be the most disgruntled employees in the Middle-East among all expatriates, a survey conducted by the Arabian Business website has revealed.
Scottish & Newcastle (S&N) today announced its plan to close its Berkshire Brewery near Reading by early 2010. The brewer said it would immediately begin consultation with employees at the site, who will be affected by the closure.
Israeli Prime Minister Ehud Olmert said on Tuesday Iran was still seeking to build nuclear weapons and called for a greater international effort to prevent Tehran from succeeding.
In December house prices rose by 0.4 per cent on the previous month, according to the latest figures from the Department for Communities and Local Government (DCLG).Despite this the figures still point towards a slow down in house price growth. The latest statistics said that the annual rate of house price inflation was 9.1 per cent – down from 9.7 per cent in November.The latest figures add to evidence which suggests that the housing market boom may be coming to an end. Last year top mo...
The Office for National Statistics (ONS) has released figures showing that output price annual inflation for all manufactured products increased by 5.7 per cent in January. The ONS has also said that input price inflation rose from 12.2 per cent in December to 19.1 per cent in January.The ONS said that month by month, the output prices measure for all manufactured products increased by 1.0 per cent in January – mainly due to rises in other manufactured products.The 'narrow' output prices ...
Representatives of the Freight Transport and Road Haulage Associations (FTA and RHA) will be meeting with the Chancellor of the Exchequer Alistair Darling today to discuss scrapping a two pence per litre increase on fuel duty.The FTA and RHA represent operators of over 300,000 lorries and in a joint letter to the Daily Telegraph, called for the two pence increase to be scrapped. The letter was signed by 11 major groups representing industry and motorists.The letter said, At 50.35p per l...
Exxon Mobil's no-holds-barred legal fight against Venezuela
Norwich Union International, the Dublin based offshore business of Aviva Plc has reported sales growth of 60 per cent in 2007, worth a total of £521 million.
Lord Digby Jones, the Trade and Industry Minister has said that Government plans to tax non-domiciles could damage London's top position in global finance, saying it could discourage top investors and business people from coming to the capital.
Google's Android mobile operating system may be the face of the show at the world's biggest wireless fair next week as the firm expects many companies to demonstrate their prototype devices using its Android OS.
While talk is axiomatically cheap, the price of debt and risk are proving prohibitively high
Aviva Plc has reported growth of 25 per cent in sales for the whole year 2007, worth £38,583 million, thanks to strong growth in North America and Asia. The group has also said it is positive of sales and profit growth in 2008.
Tesco Plc has announced that it will be giving it's largest ever share payout of £175 million, to 51,000 of it's employees who are part of its Save As You Earn share scheme which allows Tesco employees to buy shares in the company at a discounted price.
The euro declined to two-week lows versus the dollar on Thursday after European Central Bank President Jean-Claude Trichet said euro zone growth risks are to the downside, signaling lower interest rates this year.
The European Central Bank kept its key interest rate steady on Thursday but the Bank of England reduced rates for the second straight month, citing inflation pressure in line with analyst expectations.
