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Home -> Finance -> News

NATIONAL
Sensex loses early gains; ends 13 points lower
The Sensex lost its early gains and even ended 13 points lower in extremely low volume on the Bombay Stock Exchange (BSE) today (April 30, 2004) due to fairly heavy selling pressure from operators at the fag end.

Subex net up 78 pc; to raise $ 15 mn through FCCB
Telecom software product company Subex Systems Limited today (Apr 30, 2004) reported a 78 per cent jump in net profit at Rs 17.75 crore for the year ended March 31, 2004, over the previous fiscal, and announced that it intends to raise $ 15 million through foreign currency convertible bonds (FCCB) for funding acquisitions.

Bangalore tops the list in space take-up in IT, ITeS
Fuelled by India's prowess in knowledge-based industry, the total space take-up for the IT and ITeS sectors is all set to cross 20 million square feet in 2004, overshooting the earlier projection by a whopping 54 per cent, according to real estate consulting firm CB Richard Ellis.

Sensex shows signs of turnaround at early stages
The Sensex opened moderately higher and later showed signs of a turnaround at early stages after a massive battering in the last three sessions on the Bombay Stock Exchange (BSE) today (Apr 30, 2004) on selective purchases by institutional investors.

vCustomer gets ISO 9001:2000 certification
vCustomer, a US-based global provider of BPO (business process outsourcing), contact centre and technical support services, announced it has got ISO 9001:2000 certification for all its processes.

INTERNATIONAL
SEBI signs MoU with apex US regulatory body
The Securities and Exchange Board of India (SEBI) has signed a Memorandum of Understanding with the United States Commodities and Futures Trading Commission (CFTC) with a view to strengthening consultation, information sharing and establishing a framework for technical assistance between the two organisations.