NATIONAL Govt fixes IBP offer price at Rs 620 per share Government tonight (Mar 2, 2004) fixed a price of Rs 620 a share to sell its 26 per cent residual equity in oil major Indo-Burma Petroleum (IBP) to mop up Rs 352 crore and offered a discounted price of Rs 589 a share for retail investors.
SEBI gives green signal for ONGC participatory notes In what could be a major boost to the ensuing public offer for sale of ten per cent equity in State-owned ONGC, market regulator SEBI (Securities and Exchange Board of India) has permitted lead managers and book runners to issue participatory notes for attracting foreign investment.
Economy is the unifying factor for India, Pak: Jaitley Describing economy as the biggest unifying factor, Government today (Mar 2, 2004) emphasised that business to business interactions between India and Pakistan were a win-win for both wherein they could supplement each other in changing global economic scenario.
INTERNATIONAL UK rules out protectionism against outsourcing Stating that protectionism is the road to recession, Britain has asserted that it will not adopt protectionist policy against flight of jobs owing to companies setting up call centres in India.
American trade groups to battle BPO backlash Contrary to popular belief that outsourcing of jobs from United States would affect its economy, major trade groups believe that outsourcing to countries like India and China is the only way to save jobs in America against international competition.
