TCS plan for Mexico

Mexico, June 6: Tata Consultancy Services plans to hire 5,000 workers in Mexico in the next five years as labour costs have climbed in India because of a rising rupee. The TCS facility in Guadalajara, northern Mexico, which was opened last week will start operations with about 300 employees, said Gabriel Rozman, head of the company’s operations in Latin America, Spain and Portugal.

Aviation FDI

New Delhi, June 6: The government will soon announce a major liberalisation in fdi policy for the aviation sector, hiking the threshold limit in certain ground handling and support services to 100 per cent.

Trai move

New Delhi, June 6: Trai has said it will consider a policy for allowing sharing of spectrum among telecom companies. The new policy may come into effect in the next two years, Trai chairman Nripendra Misra said.

BPO firms

New Delhi, June 6: India might lose its status as an attractive outsourcing destination because of the strong appreciation in rupee coupled with the minimum alternate tax on IT firms introduced this fiscal, Nasscom president Kiran Karnik said.

m&m launch

New Delhi, June 6: Mahindra and Mahindra has launched its utility vehicle Mahindra Pik-Up in Australia.