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Home -> Finance -> News

NATIONAL
BPO backlash: Premji slams US' double standards
Describing backlash against outsourcing as "extreme demonstration of double standards by the United States" Wipro chief Azim Premji said today (Feb 9, 2004) that it "was not a passing wave and should be taken seriously".

Sensex up by 140 points on all-round buying support
Equities rallied sharply for the second consecutive session lifting the Sensex by 140 points at close in brisk activity on the Bombay Stock Exchange (BSE) today (Feb 9, 2004) on all-round buying support from institutional investors as well as operators and retailers.

'Farm output to drive GDP growth to 8.1 pc in FY 04'
The economy is poised to grow by 8.1 per cent this fiscal powered by a 9.1 per cent rise in farm output, according to the advanced estimates of Central Statistical Organisation (CSO).

Interwoven sets up R & D centre in Bangalore
US-based Interwoven Inc, one of the World's leading enterprise content management (ECM) company, has announced the setting up of its engineering R&D centre in Bangalore, its first-such facility outside the US.

'Dada-Dadi bonds to run alongside Varishtha scheme'
Finance Minister Jaswant Singh has indicated that the proposed 'Dada-Dadi bonds' for pensioners, scheduled to be launched in April, will run side-by-side with LIC's (Life Insurance Corp) Varishtha Pension Bima Yojana.

Sensex opens firm, shows signs of further recovery
After a turnaround last weekend, the sensex opened firm and later showed signs of further recovery on the Stock Exchange today (Feb 09, 2004) on expectations of increased purchases by institutional investors.

INTERNATIONAL
China cannot overtake India in IT: Azim Premji
China cannot overtake India in Information Technology (IT) as long as Indian companies maintain the head-start they enjoy in the sector, Azim Premji, chief of IT major Wipro said.