NATIONAL 'US has the same level of insourcing as outsourcing' Supporting outsourcing as an important and positive part of overall trade agenda, US Congressman David Dreier said on Wednesday (Apr 7, 2004) that while outsourcing had become a political issue in the US, factors such as economic growth and creation of new jobs there would end up lowering temperature.
HLL leads the fall; Sensex down by 7.29 pts Led by a sharp decline in Fast Moving Consumer Goods (FMCG) giant Hindustan Lever Ltd (HLL), share prices washed out initial gains and landed in negative territory for the second successive day on the Bombay Stock Exchange (BSE) today (April 7, 2004), pushing the Sensex down by another 7.29 points to close at 5815.13.
IBM planning to acquire Daksh eServices In its first ever acquisition in India, global Information Technology major IBM plans to acquire the country's third-largest business process outsourcing (BPO) outfit Daksh eServices to add skills in strategic areas.
INTERNATIONAL Bush fears economic isolation if BPO is banned Hitting out at the opponents who accused him of supporting outsourcing and leading to job losses, President George W Bush has said US will plunge into economic isolation if it fails to open its markets.
