NATIONAL UK not against BPO; favours free trade: Arthur Britain today (Feb 16, 2004) refuted suggestions that it was trying to be protectionist on the issue of Business Process Outsourcing (BPO) and favoured dismantling all barriers to free trade.
130 IT firms invested Rs 1, 800 cr in B'lore in 2003 Over 130 multinational IT firms have set up their development centres in Bangalore during last year with an investment of over Rs 1,800 crore, a top Government official said today (Feb 16, 2004).
BSE: Sensex closes barely flat at 6,012.35 Shares failed to maintain their initial firmness on the Bombay Stock Exchange (BSE) today (Feb 16, 2004) as select heavyweight met with selling by local funds towards the fag-end, however the Sensex managed to close just in the positive terrain at 6,012.35.
BT, Infosys sign licensing & advanced devt deal BT and Infosys Technologies Ltd today (Feb 16, 2004) announced that they have signed a licensing and advanced development deal that will provide BT with a novel automated resource management system (ARMS) and enable Infosys to provide its clients with advanced and effective fieldforce resource management technology and solutions.
India voices concern to US over outsourcing ban India today (Feb 16, 2004) voiced concern to the US over the ban on outsourcing services from the country and said it would be difficult to open up the domestic agricultural market.
BSE: Sensex opens on a promising note The Sensex opened on a promising note extending last weekend's gain in line with smart rally in heavyweights at opening session on the Bombay Stock Exchange (BSE) today (Feb 16, 2004) following sustained buying by foreign funds and operators.
INTERNATIONAL No foreign firm has troubled Indian industry: Bajaj Despite the outmoded labour laws and infrastructure shortcomings, Indian companies have faced global competition and fared well, leading Indian industrialist Rahul Bajaj has said.
