NATIONAL GE Capital, HSBC eye Kolkata for BPO operations Leading corporates GE Capital and HSBC have expressed interest in starting business process outsourcing (BPO) operations in Kolkata and had written to the West Bengal Government seeking land for this purpose.
CII hopes new Govt will choose path of development The chairman of the Confederation of Indian Industry's (CII) Eastern region, B Muthuraman, today (May 14, 2004) expressed hope that whoever formed the next Government at the Centre, it would choose the path of development and liberalisation to take India on the road to become a "global business powerhouse".
Sensex crashes a whopping 330 pts; ends at 25-wk low Left parties' demand for scrapping of disinvestment policy before the formation of Government at the Centre played havoc on the bourses, wiping out a market cap of over Rs 1,00,000 crore and the Sensex tumbled by a huge 330 points to end at 25-week low at 5,069.87 on across-the-board sell-off by investors.
24/7 Customer to hire 4,000 more staff in India Business Process Outsourcing (BPO) company 24/7 Customer is actively looking for acquisitions abroad and plans to hire 4,000 additional staff in India by 2004-'05 end.
Biocon '03-'04 net zooms 219 % at Rs 138.63 cr Biotech firm Biocon India today (May 14, 2004) reported net profits of Rs 138.63 crore during 2003-'04, up by 219 per cent over Rs 43.51 crore in the previous fiscal.
Left parties favour removal of disinvestment policy As speculation mounted over whether the Left parties would join the new Congress-led Government, CPM (Communist Party Marxist) and CPI (Communist Party of India) today (May 14, 2004) made it clear that pro-active disinvestment policies should be scrapped.
