Stock market recovers early losses to end flat After the overnight meltdown, the market recovered initial losses and ended flat in volatile activity at the Bombay Stock Exchange (BSE) today (Apr 28) on late buying support from operators as also Indian financial institutions.
'Anti-BPO outcry will subside after US elections' The US and Europe have to depend on outsourcing skills of India to remain competitive, said a top executive of the New York Stock Exchange-listed Unisys Corporation, who expects the present outcry against offshoring to subside in the US after elections.
Unisys announces expansion of Indian operations Unisys Corporation, a worldwide Information Technology (IT) services and solutions company, today (Apr 28, 2004) announced the expansion of its Indian operations with the launch of a new technology development centre in Bangalore, in which it plans to spend about $ 180 million and employ around 2,000 persons over the next five years.
Sensex attempts smart rally, opens at 5,709 After opening marginally lower, the Sensex attempted a smart rally in an otherwise volatile activity during morning trading on the Bombay Stock Exchange (BSE) today (Apr 28, 2004) on alternate bouts of buying and selling.
INTERNATIONAL BPO: UK may become nation of fat cats & hairdressers As British banks and insurance companies locate call centres in India, Amicus, the largest UK union, today (Apr 28, 2004) warned it would have a "devastating impact", hurting mostly the same communities that suffered worst from the collapse of manufacturing and asked the Government to set up an inquiry commission to investigate impact of off-shoring.
Oil major Shell plans to shift IT jobs to India Shell, the oil major at the centre of a corporate crisis over its proven reserves, plans to move thousands of jobs to India in an attempt to cut its huge Information Technology budget by 475 million Pounds, a spokesman of the company said today (Apr 28, 2004).
