Sensex snaps 4-session gaining streak, down by 15 pts Snapping the four-session gaining streak, share prices reacted downwards at the Bombay Stock Exchange today (Apr 6, 2004) due to profit-selling and the Sensex fell moderately by 15.60 points to end 5822.42.
Would BPO backlash subside after polls in US? Assuming that the growing sentiment against outsourcing in the United States has a lot do with electoral politics, India expects the American society to be more objective in assessing the impact of outsourcing once the Presidential elections are over, Foreign Secretary Shashank said today (Apr 6, 2004).
Decision on Infosys' bonus shares on April 13 Infosys Technologies said today (Apr 6, 2004) that it will decide on issuing bonus shares or stock split during its board meeting in Bangalore on April 13.
BPO: Keane to invest $ 25 mn in India operations Notwithstanding the backlash over outsourcing in the United States, Information Technology (IT) outsourcing firm Keane Inc today (Apr 6, 2004) announced its plans to invest an additional $ 25 million in expanding its Business Process Outsourcing (BPO) and IT service operations in India, and said it would more than triple its headcount to 5,000 in the next two years.
India's 8 per cent growth not sustainable: Moody's Global rating agency Moody's today (April 6, 2004) warned that India's over eight per cent economic growth may not be sustainable, saying it may average to 6.5 per cent in the coming years.
'Give market access for level-playing field in BPO' India should lower its tariffs, and gradually open its markets in order to provide a level-playing field to the US in the areas of outsourcing, former US Trade Representative Carla Hills said yesterday (April 5, 2004).
INTERNATIONAL Reliance telecom network most impressive: Alcatel Terming the telecom network of Reliance Infocomm as one of the "most impressive" in the world, the French telecom major Alcatel is trying to strike a "network management outsourcing" deal with it and is also exploring the possibility of manufacturing CDMA equipment in a big way.
