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Home -> Finance -> News

NATIONAL
Canara Bank cuts interest on home loans by 0.25 %
Canara Bank, a major player in home loan market has cut home loan interest rates by 0.25 per cent on all maturities and both on floating and fixed basis.

Gartner doubts viability of Indian BPO providers
The recent acquisition of Daksh eServices by IBM raises serious questions about the viability of Indian-owned business process outsourcing (BPO) providers, according to analyst firm Gartner.

Sensex moves upward during morning trading
The Sensex opened on a promising note and later moved upwards during morning trading in line with a fresh upsurge in old economy stocks on the Bombay Stock Exchange (BSE) today (April 19, 2004) on buying support from retail investors.

INTERNATIONAL
'India to steer S Asia GDP growth to 7.2% in 04'
India's robust economic growth is expected to push up growth in South Asia to 7.2 per cent in 2004, but high fiscal deficit and infrastructure bottleneck was coming in the way of sustaining such high growth, a World Bank report said today (Apr 19, 2004).

Outsourcing fears based on myths, say experts
Amidst the furore in the US over outsourcing to countries like India, experts have dubbed as "myths" the fears on sending jobs overseas, saying more Americans are now employed than ever before.