Editor's Desk - FreePress India

Wipro Collaboration Tools for MS Office Communications Server 2007

February 5, 2009February 5, 2009 by Editor's Desk

Wipro Technologies has developed a new communication and collaboration solutions, which works with Microsoft Office Communications Server 2007. The company hopes to provide customized domain specific solutions to customers with the implementation of this new version. This will in turn boost productivity and improve intra office communication significantly. Customers can now leverage existing Exchange Server … Read more Wipro Collaboration Tools for MS Office Communications Server 2007

CLSA projects India’s FY10 growth at 5%

February 5, 2009 by Editor's Desk

Brokerage major CLSA has forecasted India’s gross domestic product (GDP) growth in the next fiscal at under 5% whereas the figure for FY11 has been put at under 7%. The company said that it had slashed the estimates across the board though it still expected India and China to outperform in terms of growth. It … Read more CLSA projects India’s FY10 growth at 5%

Indian IT Services – Sunset clause may be extended

February 5, 2009 by Editor's Desk

Tax relief for export-oriented units (EOUs) is likely to be taken up by Commerce and Industry minister Kamal Nath. He would take up this issue with the Finance Ministry to extend the sunset clause to 31 Mar-13 from 31 Mar -10. The full tax rate on offshore profits would be deferred by three years – … Read more Indian IT Services – Sunset clause may be extended

Additional Borrowing + 4% Excise Duty cut – Likely

February 5, 2009February 5, 2009 by Editor's Desk

Indian government is expected to announce additional borrowing for the rest of the current fiscal in the interim budget due on February 16. Government officials are saying that any additional borrowing which will be needed for the current fiscal will be reflected in numbers in the interim budget. Earlier, the Deputy Chairman of Planning Commission … Read more Additional Borrowing + 4% Excise Duty cut – Likely

Home loans not taking off despite sweeteners

February 5, 2009February 5, 2009 by Editor's Desk

One of the key anti-cyclic measures that government of India has been working on to halt the pace of slowdown is housing and civil constriction. However, despite a number of steps taken by Reserve Bank of India (RBI) to boost lending in housing sector, and lower rates of interest being offered by banks, credit off-take … Read more Home loans not taking off despite sweeteners

Tanu Healthcare to merge Blue Cross Generic with the Company

February 5, 2009February 5, 2009 by Editor's Desk

Tanu Healthcare’s Board at its meeting held on February 04, 2009, has considered and approved the merger of Blue Cross Generic, Indore with the Company, subject to the necessary permission being obtained from Stock Exchange and other appropriate authorities including Stock Exchange. Blue Cross Generics, Indore is a Company which has presence in the Medicinal … Read more Tanu Healthcare to merge Blue Cross Generic with the Company