NATIONAL Interest rates to remain 'stable' in medium term: FM Unfazed by surging inflation that is putting pressure on deposit and lending rates, Finance Minister P Chidambaram said today (Sep 9, 2004) that interest rates would remain "stable" in the medium term.
Sensex ends flat at 5298.23, ITC in limelight In yet another session of quiet and range-bound trade, the Sensex today (Sep 9, 2004) ended flat at 5298.23 at the Bombay Stock Exchange (BSE), but remained on positive turf with a fractional gain of 0.07 points to ensure a complete five-day winning streak.
Govt will encourage mergers of PSU banks: FM Government today (Sep 9, 2004) said that it will encourage mergers of PSU (Public Sector Unit) banks to create strong entities, which can compete with other world class banks.
Major banks rule out hike in home loan rates Major banks including State Bank of India, ICICI Bank, Canara Bank, Punjab National Bank (PNB) and Central Bank today (Sep 9, 2004) ruled out any hike in home loan and lending rates in the short term.
INTERNATIONAL 'India may loose BPO market share to China by 2007' Lack of clear strategy and competition from countries like China will see India losing its market share in the BPO business from the current 80 per cent to 55 per cent by 2007, an international research firm has said.
Global Outsourcing market to top $100 bn in 2004 The worldwide market for offshore business process outsourcing (BPO) is projected to top $100 billion this year and there's more to come, says a report.
