NATIONAL Stocks crash on sell-off by bulls and local funds
Mumbai: After opening on a promising note, stocks later crashed sending the SENSEX reeling down to
end with a whopping 78-point fall on the Bombay Stock Exchange, (BSE) on July 21 due to heavy sell-off
by operators as well as domestic funds in the face of a slow down in FII activity.
World Bank warns India of danger signals in economy
New Delhi: Highlighting the danger signals in the economy, the World Bank on July 21 warned that the
eight per cent growth target would not be achieved without a major revamp of the precarious fiscal
situation.
Digital Globalsoft's Q1 revenue up by 38 per cent
Bangalore: Digital Globalsoft Ltd, the Indian subsidiary of global IT major Hewlett Packard (HP) on July
21 reported a net profit of Rs 30.2 crore during April to June 2003, an increase of 9.4 per cent over Rs
27.6 crore recorded in the first quarter in 2002.
Government to retain veto power in HPCL
New Delhi: Government will hold veto power on all crucial decisions in the privatised Hindustan Petroleum Corp Ltd (HPCL) through "golden share" clause in the share-holders agreement.
INTERNATIONAL BPO: LogicaCMG for expansion programme in India
London: The UK-based IT group LogicaCMG plans to launch an expansion programme in outsourcing in
India in a big way despite protests from union activists against loss of jobs.
