NATIONAL 'SEBI to probe into ONGC share allotment issue' Government today (March 31, 2004) said market regulator Securities and Exchange Board of India (SEBI) would probe into the issue of over-allotment of Oil and Natural Gas Corporation (ONGC) shares to retail investors to find out if there was any "culpable mistake" and to determine as to who should bear the consequent losses.
24/7 Customer to increase headcount by 4,000 BPO major 24/7 Customer today (Mar 31, 2004) said it plans to hire over 4,000 people during this year to take its total employee strength to 7,000 and invest $ 15 million in its facilities across the country.
Reliance launches India's First Power Sector Fund Reliance Mutual Fund has launched India's first Power Sector Fund 'Reliance Diversified Power Sector Fund'. It's another first from Reliance Mutual Fund, which had in May 2003 launched the first Banking Sector Fund.
IT giants Infy, Wipro team up on banking projects Software majors Infosys and Wipro, who are vying with each other for global IT outsourcing contracts, have now joined hands to outsmart competitors and win domestic banking contracts.
India's third quarter economy growth jumps 10.4 % In a vindication of the "feel good" claims of the National Democratic Alliance (NDA) Government, the economic growth of the country jumped to double digit levels at 10.4 per cent during the third quarter of the current fiscal on the back of good performance by industry and agriculture.
INTERNATIONAL 'Outsourcing not to restrain US job recovery' Pessimistic predictions about a wholesale export of Unites States' service jobs are unlikely to materialise because outsourcing will be uneconomical for many types of jobs, particularly high-value ones, according to a member of the Federal Reserve Board of Governors, the policy-making body of the US Central Bank.
Offshore outsourcing good for US economy: Study Outsourcing of United States' Information Technology (IT) jobs to foreign countries, such as India, is good for the US economy and will create new jobs, says a study released yesterday (Mar 30, 2004).
