NATIONAL Sensex rebounds by 372 pts on institutional buying After overnight free fall that cost the market 565 points, a series of positive developments including massive salvage operation by Indian financial institutions, led to a strong recovery of over 372 points, with a sizeable part credited to speculation of Manmohan Singh being named for the post of Prime Minister.
Financial markets safe for investors, says SEBI Market regulator Securities and Exchange Board of India (SEBI) today (May 18, 2004) asserted that Indian financial markets were safe for investing and there was no payment crisis on the bourses.
BusinessObjects ties up with Wipro Infotech BusinessObjects, a provider of business intelligence products and solutions, yesterday (May 17, 2004) announced its tie-up with Wipro Infotech aimed at strengthening the latter's position in the business intelligence market, which is expected to touch $ 30 million in 2005, in India.
INTERNATIONAL 830,000 white collar jobs to be shifted from US by '05 Forrester Research Inc, a technology research firm based in Cambridge, Massachusetts, says in an updated report that it now expects a cumulative 830,000 white collar jobs to be shifted from the US offshore to countries like India by 2005, instead of the 600,000 it had projected in 2002.
