NATIONAL Sensex fluctuates wildly as stocks suffer setback
Stocks suffered a sharp setback after an initial rally and the Sensex fluctuated wildly in a range of over 204 points before ending the session 95 points lower at the Bombay Stock Exchange, Mumbai today (Jan 6, 2004) on heavy sell-off by operators and domestic financial institutions.
Measures to change face of telecom sector: Shourie
Panaji: Measures like universal licensing and an ambitious project to modernise defence signalling equipment to make satellite spectrum at the complete disposal of telecom operators, were likely to change the face of the telecom sector in the next two years, Union Minister for Telecom, Disinvestment and IT Arun Shourie said today (Jan 6, 2004).
ONGC, GAIL public issue to hit market on Mar 10
New Delhi: Government is likely to open on March 10 the public issues for sale of its 10 per cent equity each in exploration firm Oil and Natural Gas Corp (ONGC) and gas transmission company GAIL (Gas Authority of India Ltd).
Sensex breaches 6100-mark during morning trading
Mumbai: Continuing its upward march, the Sensex opened strong and rose past 6100-mark during morning trading in line with a smart stocks rally on the Bombay Stock Exchange (BSE) today (Jan 6, 2004) on sustained buying support.
IL&FS acquires minority stake in Datamatics
Mumbai: IL&FS Investment Managers Ltd has acquired a minority stake in Datamatics Technologies Ltd, a Mumbai-based third-party business process outsourcing (BPO) company, for an undisclosed sum.
'India likely to capture 56 pc of world BPO business'
New Delhi: India is likely to capture 56 per cent share of offshore business process outsourcing (BPO) business by 2006 with the demand for BPO services increasing at an annual growth rate of 50 per cent during 2004-06, according to a report by rating agency ICRA.
INTERNATIONAL Barclays' pact with Unifi on outsourcing to India
London: The UK-based high street Barclays Bank has reached an agreement with finance trade union Unifi on outsourcing of jobs to India and compensating the affected employees.
