NATIONAL Rolls-Royce mulls tie-ups with Indian IT firms British engine manufacturer Rolls Royce today (March 11, 2004) said it was considering partnerships with Indian firms to source expertise in software and engineering, adding it was not talking about "big outsourcing".
RBI closely monitoring inflation, says Governor Reserve Bank of India (RBI) today (Mar 11, 2004) said it was closely monitoring the inflation trends "carefully in light of unexpected developments in the global oil and commodities market".
CBay plans to hire 7, 500 MTs in India by 2005 end Healthcare BPO services firm Cbay Systems Ltd today (Mar 11, 2004) said it plans to hire over 7,500 medical transcriptionists (MT) in India by the end of 2005.
Singh warns of banking crisis due to BJP policies In an attempt to take the wind out of the sails of Bharatiya Janata Party (BJP)'s "feel-good factor", senior Congress leader Manmohan Singh today (March 11, 2004) said the Centre's dependence on inflow of speculative money could result in a stock market and banking crisis.
Weak global price trends pulls down Sensex by 109 pts Bear operators tightened their grip on Bombay Stock Exchange (BSE) today (Mar 11, 2004) and pulled down the Sensex by 109.43 points to close at 5649.86, following heavy all-round selling triggered by bearish global advices.
S&P lauds India on IT, BPO; warns on infrastructure International rating agency Standard & Poor's (S&P) today (Mar 11, 2004) lauded India's competitiveness in IT, BPO and telecom sectors but warned that inadequate infrastructure continued to hamper sustained high economic growth.
Infosys celebrates five years of NASDAQ listing To celebrate its five-year anniversary as a publicly traded company on NASDAQ, S Gopalakrishnan, Chief Operating Officer of Infosys Technologies Ltd (NASDAQ: INFY), will open the NASDAQ Stock Market today (Mar 11, 2004) at 8:00pm IST. The event will recognise Infosys as the first Indian-registered company to achieve this milestone on NASDAQ.
Shourie hopes BPO backlash would fade after US polls The Government said it hoped that the backlash over outsourcing would taper off after the Presidential elections in the US in November this year, as it would cease to be a hot issue after the hustings.
EXL Service appoints Global Sales & Marketing Head ExlService Holdings Inc, a leading third party Business Process Outsourcing (BPO) Company, today (Mar 11, 2003) announced the appointment of Shiv Kumar as its Chief Sales and Marketing Officer.
Subdued conditions prevail at the stock market Subdued conditions continued to prevail at the Stock Exchange (BSE) at the morning (Mar 11, 2004) session as share prices resumed lower extending overnight losses following sustained selling by operators as well as local funds in the absence of any worthwhile buying and weak global advices.
