NATIONAL S&P revises India's outlook on foreign currency rating
Mumbai: Global rating agency Standard & Poor's today (Dec 16, 2003) revised the outlook on India's 'BB' long-term foreign currency rating from negative to stable reflecting the improving external finances but retained the negative outlook on the country's 'BB+' long-term local currency rating due to Government's difficulty in addressing its fiscal problems and structural reforms.
BSE: SENSEX surges by 46.17 pts to close at 5437
Mumbai: Helped by a smart rally in select heavy weighted counters, the SENSEX surged by yet another
46.17 points to close at 5437.05 at the Bombay Stock Exchange (BSE) today (Dec 16, 2003), driven-up
by sustained buying by foreign funds and local retail operators.
‘Singapore issues must be dropped from WTO agenda’
New Delhi: Mounting fresh pressure on developed nations, India today (Dec 16, 2003) said that three of
the four Singapore issues should be dropped from the work programme of World Trade Organisation
(WTO).
Wipro, Excelergy ink pact to address energy market
Bangalore: Wipro Technologies and Excelergy Corporation have signed a partnership agreement to
jointly market, deploy and integrate the complete line of Excelergy platforms, including the
CustomerPoint CIS/CRM solution.
i-Flex acquires SuperSolutions in $ 11.5 mn deal
The Boards of i-Flex Solutions and SuperSolutions today (Dec 16, 2003) approved i-Flex's
acquisition of SuperSolutions Corporation, a US-based specialised consumer lending software provider, in an all-cash-deal for $ 11.5 million.
INTERNATIONAL Lehman stops outsourcing IT held desk from India
New York: As backlash against outsourcing continues, Lehman Brothers, a leading financial services
company, has shifted call centres for its internal computer desk from India to the US, complaining about the quality of service, media reports said.
