NATIONAL BPO backlash will subside after US polls: Karnik The National Association of Software and Services Companies (NASSCOM) said today (Feb 13, 2004) that the outsourcing backlash in the US was not a matter of concern for the Indian IT sector and hoped that the anti-outsourcing campaign would substantially reduce after elections in the US.
'India's IT revenues to jump to $ 62 bn by 2009' India's revenues from the Information Technology (IT) and IT enabled services (ITES) is expected to jump to $ 62 billion by 2009 from $ 12 billion in 2003, translating into a projected manpower requirement of 1.48 million for both IT and ITES exports, according to a high-powered Taskforce on Human Resource Development in IT.
ICRA Online to venture into BPO, insurance India's leading credit rating agency ICRA is poised to enter the business process outsourcing (BPO), insurance and commodities segments through its arm Online Indiacapital.com Ltd.
BSE: Sensex up by 74.70 pts, ends at 6011.66 Buoyed by a sharp rally in pharma shares, the Sensex shot up and once again crossed the 6,000-mark, before ending at a four-week high of 6,011.66, up by a whopping 74.70 points, at the Bombay Stock Exchange (BSE) today (Feb 13, 2004) on renewed buying by institutional investors and operators, cutting off overnight decline.
India is doing extremely well: World Bank Optimistic of India sustaining 8.0 per cent GDP (Gross Domestic Produce) growth, World Bank today (Feb 13, 2004) indicated it will step up assistance to the country next fiscal from close to $ 2.0 billion this fiscal.
Use our name to duck outsourcing outcry: Tunisia Strategically located Tunisia today (Feb 13, 2004) invited Indian Information Technology (IT) companies to use it as a gateway to Europe, Africa and the Arab world to duck the outsourcing outcry, and also forge partnerships to win large contracts.
Decline in prices pulls down inflation below 6 pc In line with the expectations of RBI and the Centre, inflation dropped to 5.8 per cent after remaining over 6.0 per cent in the recent period, with declining prices for fruits and vegetables, eggs and some of the edible oils.
Sensex opens listlessly, pharma shares shine The sensex opened barely steady and moved in a very narrow range in a listless opening session at the stock exchange today (Feb 13, 2004) following lack of buying support from institutional investors and operators.
INTERNATIONAL US releases aid to South Asia, $ 130 mn to India The United States has released the consolidated aid figures under different heads for various South Asian countries, including $130 million for India, for fiscal 2005.
