NATIONAL India to take up the BPO issue with US: Jaitley
New Delhi: Opposing the passage of a federal law by US Senate to ban outsourcing of Government contracts, India today (Jan 28, 2004) said it would take up the matter with American authorities.
Borrowings to be lower than budgeted amounts: RBI
Mumbai: The gross and net market borrowings of the Centre are expected to be lower than the budgeted amounts in 2003-04 even as Reserve Bank of India (RBI) has expressed concern over the fiscal situation.
Sensex undergoes correction, down by 117 pts
Mumbai: Profit-booking ahead of the derivative settlement tomorrow (Jan 29) and a slowdown in foreign funds activity pulled down the Sensex by a massive 117.01 points to close at 5876.05 at the Bombay Stock Exchange (BSE) today (Jan 28, 2004), as the market underwent a correction after two straight session sharp gains.
Indian markets still attractive: RBI report
New Delhi: The Government today (Jan 28, 2004) allowed free import of gold and silver and brought import of capital goods under duty-free entitlement scheme.
Govt allows free import of gold and silver
New Delhi: The Government today (Jan 28, 2004) allowed free import of gold and silver and brought import of capital goods under duty-free entitlement scheme.
'Outsourcing to India will grow by 30 % in 2004'
New Delhi: Offshore outsourcing to India will grow by at least 30 per cent during 2004 on the back of increased offshoring by bigwigs like IBM, EDS and Accenture, according to Information Technology (IT) research firm Giga.
Ban on outsourcing unfair, says Vajpayee
Jhajra (Dehradun): Describing as "not fair" the recent US Federal law banning outsourcing of jobs to other countries, including India, Prime Minister Atal Bihari Vajpayee today (Jan 28, 2004) said there should be open competition in IT-enabled services sector.
INTERNATIONAL 2-way job traffic as Indian firms invest in UK
London: Fast-growing Indian companies in the UK have pumped about 300 million Pounds into the British economy to date and their investment levels may increase as India becomes more prosperous, Sunil Mehta, vice-chairman of the National Association of Software and Service Companies (NASSCOM) has said.
'More VCs investing in Silicon Valley again'
Silicon Valley: Signalling recovery of economy and more jobs, venture capitalists invested $ 1.66 billion in Silicon Valley last quarter - 22 per cent increase from the $ 1.36 billion the quarter before, according to a survey by VentureOne and Ernst & Young released in Silicon Valley.
US Federal Reserve chief condemns attacks on BPO
London: Amid increasing calls for protection of American industries and banning outsourcing of IT (Information Technology) services to countries like India, China and Brazil, chairman of the US Federal Reserve Alan Greenspan has asserted that globalisation eventually benefits all and any impediments to it would exact a heavy price.
