NATIONAL Cable and Wireless to invest $ 10 mn in India British telecom firm Cable and Wireless (C&W) today (Aug 4, 2004) said it would invest $ 10 million in the next 18 months to expand its operations in the country.
Sensex falls by 25 pts on soaring crude oil prices Global bearishness on concerns over soaring crude oil prices weighed heavily on the Sensex as it dropped by 25.56 points to close at 5169.07 on the stock exchange here today (August 4, 2004) as operators preferred to book profits at higher level.
Bank loan quality to improve in India: S&P report Upbeat on India's financial sector reforms, global credit rating agency Standard and Poor's (S&P) today (Aug 4, 2004) said the banks' loan quality is expected to improve and risk profile has "eased" gradually due to focus on retail business, especially home loans.
Govt releases Concept Paper to prune Companies Act Government today (Aug 4, 2004) released a Concept Paper to prune the voluminous Companies Act by two-third and to address, inter-alia, issues like independent directors, structure of investing companies and the retirement age of directors.
UK's Cartel Group plans outsourcing unit in Chennai As part of its expansion strategy within the Indian subcontinent, the United Kingdom-based Cartel Group Holdings Plc on Tuesday (Aug 3, 2004) said that it has entered into a joint venture with call centre services firm Supersight Ceequence for establishing its BPO and call centre operations in Chennai.
Boom time for Indian IT; explosive growth predicted The Indian IT industry will grow to Rs 2,47,000 crore ($ 55 billion) by the end of calendar year 2008 from Rs 87,000 crore in 2003, according to a latest study.
