NATIONAL 'Inflation may come down below 5% by March end' Inflation, which hovered above 6.0 per cent in the beginning of this year, appears to have been reined in with Finance Ministry asserting that it would stabilise around 4.7 per cent by March end.
'Philips incubates BPO projects at B'lore centre' Dutch major Philips has incubated two offshoring projects on novelty patent research and product process development from Netherlands at its software centre in Bangalore, Philips Software Centre chief executive officer (CEO) Bob Hoekstra said today (Mar 25, 2004).
BSE: Fresh purchases by FIIs lifts Sensex by 19 pts Equities generally moved upwards at the fag end pushing the Sensex up by 19 points at close in an otherwise erratic movements at the Bombay Stock Exchange (BSE) today (Mar 25, 2004) on short covering by operators coupled with fresh purchases by Foreign Institutional Investors (FIIs).
'Macro-finance entities not allowed to accept deposit' Macro-finance institutions will not be allowed to accept public deposits as it would place public money at a risk judging from the recent experience of urban co-operative banks, Reserve Bank of India Governor Y V Reddy said today (Mar 25, 2004).
BSE: Sensex improves further on buying support The sensex opened moderately higher and later improved further during morning trading on the Stock Exchange today (Mar 25, 2004) on fresh buying support from operators.
INTERNATIONAL BPO will create jobs, boost growth: US experts Offshoring is not a threat to hi-tech employment, rather it will create new jobs and boost economic growth, according to the US-based Cato Institute.
India, China launch talks on Free Trade Agreement India and China have formally launched talks to study the feasibility of signing a bilateral Free Trade Agreement (FTA) as well as a Comprehensive Economic Cooperation Agreement (CECA) to cement their booming commercial ties, official sources said today (Mar 25, 2004).
