NATIONAL Shourie defends proposed divestment of CSL Government today (Jan 30, 2004) said in the Lok Sabha that it had taken the Ministry of Defence's clearance for the proposed disinvestment in Cochin Shipyard Ltd while assuring the House that all security clauses would be taken into consideration at the time of its privatisation.
Misys announces 3rd development centre in B'lore Expanding its India operations, leading UK (United Kingdom)-based global software product company Misys today (Jan 30, 2004) announced the opening of its third development centre in Bangalore for its risk management systems business.
Hazell Carr & Progeon announce BPO alliance Hazell Carr and Progeon today (Jan 30, 2004) announced the formation of a strategic alliance that will offer corporations in the life and pensions market in the UK a unique value proposition, according to an official press release.
'SEBI to relax public issue norms for PSUs sale' The Securities and Exchange Board of India (SEBI) is ready to relax some of the public issue norms to facilitate disinvestment of Government stake in public sector undertakings (PSUs), including the proposed offering for Oil and natural Gas Corporation (ONGC) and Gas Authority of India Limited (GAIL).
India prepays Rs 1,350 cr ODA loan to Canada The Government has prepaid Rs 1,350 crore (420 million Canadian Dollars) to the Canadian Government against 42 outstanding Official Development Assistance (ODA) loans provided to India by that Government.
INTERNATIONAL Don't jump from pan to fire on privatisation: UN United Nations Conference on Trade and Development (UNCTAD) today (Jan 30, 2004) warned developing countries like India that privatisation of State monopolies without proper regulatory mechanism would only lead to private monopolies.
Bills to deny State contracts to outsourcing firms Amidst the continuing backlash against outsourcing in the US, two Colorado lawmakers have introduced Bills, which would deny State contracts to companies, which move out jobs to India and other countries.
