NATIONAL Stiglitz advocates forming regional monetary funds
Mumbai: Nobel laureate in Economics Joseph Stiglitz today (Jan 19, 2004) advocated formation of parallel regional monetary funds against the International Monetary Fund (IMF) to contain concentration of decision-making and US domination on financial institution.
Mamata Banerjee rules out disinvestment in NALCO
Kolkata: Minister for Coal and Mines Mamata Banerjee today (Jan 19, 2004) ruled out any disinvestment in National Aluminium Company (NALCO) and said the aluminium major would take up expansion plan involving an expenditure of Rs 2,000 crore.
EU disappointed by India's offers on services
New Delhi: European Union (EU) today (Jan 19, 2004) said it was "disappointed" with the India's offers on trade in services and hoped the country would improve upon its offers to reflect its "fundamental" interests in this area.
Resumption of WTO talks is an urgent necessity: Lamy
New Delhi: India and EU (European Union) today (Jan 19, 2004) agreed the stalled WTO (World Trade Organisation) talks should be resumed immediately by adopting a flexible approach to narrow the differences on contentious issues like agriculture and Singapore.
Stocks bounce back, lifts Sensex by 118 pts
Mumbai: After a sharp correction, stocks bounced back with a vengeance lifting the Sensex by 118 points at close in hectic activity at the Bombay Stock Exchange (BSE) today (Jan 19, 2004) on revival of buying support from institutional investors.
Logistic Solutions to buy 20-25 pc stake in Compudyne
Mumbai: US (United States) based Logistic Solutions Inc (LSI), a software service company, is planning to take a 20-25 per cent stake in Compudyne Winfosystems even as the two companies have decided to form a business partnership to develop BPO (Business Process Outsourcing) services in media-animation and healthcare BPO.
Sensex opens strong; turns weak on fresh sell-off
Mumbai: After opening on a promising note, the Sensex once again met with resistance and turned weak in continuous volatile activity during morning trading on the Bombay Stock Exchange (BSE) today (Jan 19, 2004) due to fresh selling by hedge funds and operators.
INTERNATIONAL 'Huge workforce in India, China will spur economy'
Davos (Switzerland): According to a study released today (Jan 19, 2004), the sizeable workforce in India and China should help to boost their economic growth while the European Union's share of global economic output is set to shrink almost by half.
UK call centers need to change to survive, says study
London: The inevitable export of commodity call centre services to India and elsewhere highlights the need to accelerate the UK's shift towards globally successful knowledge-based economy, an industry report said today (Jan 18, 2004).
