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Home -> Finance -> News

NATIONAL
Tata Motors listed on NYSE, 2nd Tata entity to do so
Tata Motors today (Sep 27, 2004) listed its securities on the New York Stock Exchange (NYSE) to become the country's first Indian engineering and motor entity to do so and the second Tata company after VSNL.

BSE: Sensex down by 15.94 points on profit booking
In fairly volatile trading, the Sensex declined by another 15.94 points to close at 5511.81 on the stock exchange today (Sep 27, 2004) on sustained profit-booking by operators and domestic funds, extending downward correction for the third session.

'We have to learn from the failures of WB, IMF'
Asserting that the IMF-World Bank model had failed, Chairman of the newly created National Commission for Promotion of Enterprises in the Unorganised/Informal Sector Arjun Sengupta today (Sep 27, 2004) said the Government had to act as a "catalyst" and sequence WTO-linked changes to suit the needs of the domestic industry.

Wipro completes first SAP implementation in China
Wipro Technologies, the global IT services division of Wipro Limited, said today (Sep 27, 2004) it has successfully completed its first SAP implementation in China for Olympus (Beijing) Sales and Service Co Ltd (OCM).

'Trinity partners' to raise its headcount in India
Trinity Partners, business process management and IT delivery solutions provider to the mortgage industry, has drawn up plans to increase its India headcount by more than 300 per cent in the next 15 months with large number of players in the US striving to bring down costs.

Reverse outsourcing: HCL to create jobs in Ireland
Indian IT major HCL Technologies Ltd has decided to create 250 jobs in Northern Ireland as part of its call centre expansion plan, thus reversing the trend of outsourcing at a time when Britain is debating over offshoring of jobs to countries like India.

INTERNATIONAL
US VCs with $20 bn heading towards India!
A delegation of venture capitalists from the East Coast, US, with a worldwide portfolio of $20 billion, will visit India next month as part of TiE event to explore the possibilities of investing in Indian IT, business process outsourcing and biotech sectors.