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Home -> Finance -> News

NATIONAL
NASSCOM concerned over BPO backlash in US
Voicing concern over the United States outcry against outsourcing of jobs to countries like India, the National Association of Software and Services Companies (NASSCOM) today (Mar 3, 2004) said the next six or seven months would not be easy for the Indian IT companies.

ONGC price band fixed at Rs 680 to Rs 750 per share
The Government today (Mar 3, 2004) fixed a price band of Rs 680 to Rs 750 per share for divesting 10 per cent equity in Oil and Natural Gas Corporation (ONGC) through a mega public offer of 14.26 crore (142.6 million) shares.

Infosys, Thai Exim bank forge strategic partnership
Infosys Technologies Ltd, Export-Import Bank of Thailand and Yip in Tsol and Co Ltd Thailand, today (Mar 3, 2004) announced that they have signed a strategic partnership to revamp the bank's core technology platform with Finacle, the universal banking solution from Infosys.

Market shows stability; Sensex closes at 5,842 pts
Equities witnessed erratic movements today (Mar 3, 2004) in a relatively small range of 78 points, with the market showing stability above 5,800-level on a steady flow of buying from retailers and operators.

Sundaram launches comprehensive 'Home' search portal
Sundaram Home Finance, a Sundaram Finance Group Company today (Mar 2, 2004) launched a unique Portal christened 'sundaramhomefind' - www.sundaramhomefind.com.

INTERNATIONAL
Republican senator introduces Bill to curb BPO
Amid the furore over outsourcing of jobs to countries like India during the election year, one more Bill seeking to prevent Government contracts from going abroad has been introduced before the US Congress.