NATIONAL ONCG issue oversubscribed 2.8 times on first day After last week's hiccups in the market, the mega public offer of India's largest profit-making firm Oil and Natural Gas Corp (ONGC) today (March 5, 2004) opened to an overwhelming response, ending the first day with an over-subscription of 2.8 times.
Govt targets Rs 13,100 cr from equity sale in 6 PSUs Buoyed by an enthusiastic response to the ONGC issue, which was oversubscribed twice on the first day of offer, Government today (March 5, 2004) said it hopes to mop up at least Rs 13,100 crore from sale of equity in six companies during the current fiscal.
Anti-BPO Bill: Guarded speak from software firms The Indian software industry reacted guardedly to the American Senate passing a Bill banning Government contractors from outsourcing, preferring to watch on how the events would unfold in the election year in the US.
Gateway-based anti-spam solution launched Security solution provider nSecure Software Pvt. Ltd today launched a gateway-based anti-spam solution that will help block email-based spam (unsolicited) messages.
IBSA for creation of Trilateral Business Council Emphasising closer South-South relationship, India, Brazil and South Africa today (Mar 5, 2004) suggested creation of a Trilateral Business Council (TBC), which will concretise and set in new dynamism to business cooperation in the three countries aiming for a Free Trade Agreement.
Sensex opens strong after overnight setback After a moderate overnight setback, the sensex opened firm and improved further in morning trading on the Stock Exchange today 9mar 5, 2004) on renewed buying support from operators and retailers.
INTERNATIONAL 50 US House members back Bill against outsourcing Fifty members of the US House of Representatives have announced that they are introducing a Bill that would deny American companies Federal financing and loan guarantees if they shift jobs overseas.
US Senate votes to bar BPO with taxpayers' money Ahead of Presidential and legislative elections, the US Senate voted to bar Federal contractors from using taxpayers' money to move American jobs offshore.
Logic of outsourcing is irreversible: Jaswant The logic of outsourcing of jobs from countries like the US to countries like India is irreversible in this age of globalisation, Finance Minister Jaswant Singh has said.
