NATIONAL Reserve Bank liberalises ESOP conditions Liberalising the guidelines for acquisitions of foreign securities under the employees stock options plan (ESOP), the Reserve Bank of India (RBI) today (May 3, 2004) relaxed the condition of buying such securities at a concessional price.
WorldSpace to launch sub-Rs 4,000 receiver in India Terming India as the largest focus market in its global operations, WorldSpace today (May 3, 2004) said it has tied up with Indian manufacturer UMS to develop a 'WorldSpace receiver', which would break the existing price barrier of Rs 4,000.
Wipro bags IT outsourcing contract from Shell IT bellwether Wipro Ltd today (May 3, 2004) said it has bagged an IT outsourcing contract from Anglo-Dutch energy major, the Royal Dutch Shell Group.
FirstCaribbean to use i-flex's Flexcube platform I-flex solutions and Barbados-based FirstCaribbean International Bank, today (May 3, 2004) announced that the region's largest banking operation in the Caribbean will employ i-flex solutions' Flexcube technology platform to facilitate their cross border operations in offering online real-time banking and related e-services.
ABB India forays into electrical accessories ABB India has invested Rs 15 crore in a manufacturing unit in Bangalore to produce electrical wiring accessories, marking the firm's entry into the fast growing segment in the country.
Sensex still in bear grip; ends at one-month low Notwithstanding a smart pullback from lows of 5506.00, the Sensex remained in a vice-like grip of bears and ended at a one-month low of 5584.99 on the Bombay Stock Exchange (BSE) today (May 3, 2004), pulled down by sustained selling due to prevailing political uncertainties governing the market.
HR outsourcing becoming the new buzz in India With more and more companies looking to rationalise employees on their payroll, manpower outsourcing is slowly becoming the new buzz in India.
US based BPO firm vCustomer to invest $ 12mn in India New Delhi: VCustomer, a US-based global provider of BPO (Business Process Outsourcing), contact centre and technical support services, has said that it plans to invest upto $12 million this year, and will add about 2,500 professionals by December.
BSE: Sensex opens weak, moves further down The sensex opened slightly lower and moved down further in line with drop in share values at opening session on the stock exchange today (May 3, 2004) following selling by operators in the absence of any worthwhile buying support.
INTERNATIONAL 'Indian companies should invest in US to reduce BPO recoil' Major Indian software companies, like Wipro and Infosys, should make some high profile investments in the United States to take the heat off backlash against outsourcing, according to representatives of several Indian-American organisations.
