NATIONAL Govt clears 48 FDI proposals worth Rs 305.90 Crore The Government today (Sep 30, 2004) cleared, 48 Foreign Direct Investment (FDI) proposals worth Rs 305.90 crore, including Flextronics' acquisition of Future Software for Rs 185.04 crore.
External debt up by USD 121 mn in Q1 of Fy '05 Reserve Bank of India (RBI) today (Sep 30, 2004) said, India's total external debt grew marginally by $ 121 million to $ 112.6 billion by June end over the March end 2004 level while the country's international investment position (InIP) improved significantly due to depreciation of the USD.
BSE: Sensex soars by 56 points on short-covering The market extended its gains to second straight session, soaring by 56 points as stocks rallied sharply on sustained short-covering by operators and retail investors coupled with selective purchases by Foreign Institutional Investors (FIIs).
SBI-Canara Bank JV begins operations in Moscow The Commercial Bank of India LLC (CBI), a joint venture between public sector Canara Bank and State Bank of India has begun operations in Moscow.
GDP grows at 7.4 pc due to robust manufacturing sector India's GDP (Gross Domestic product) grew by 7.4 per cent in the first three months (Apr-Jun) of this fiscal mainly due to a robust manufacturing sector which clocked 8 per cent growth.
Kyocera sets up CDMA phone design unit in Bangalore Kyocera Wireless India Ltd (KWI), a wholly-owned subsidiary of American CDMA wireless phone maker Kyocera today (Sep 30, 2004) said it has set up a hardware engineering design services centre in Bangalore.
INTERNATIONAL NRI's from UK, Canada to help India retain BPO edge Growing influence and expertise of Diaspora in the United States, the United Kingdom and Canada will help India retain its edge and move up the value chain in outsourcing as other countries try to catch up with it in other parameters, a study by World Bank Institute has said.
Outsourcing experts form Company to assist US Cos A group of PricewaterhouseCoopers (PwC), Ernst & Young, Hewlett-Packard and Lucent alumni have formed a new company that assists US Companies to become more globally competitive using outsourcing as a strategic tool.
World Bank report cites hopes and fears of South Asia The World Bank sees the growing rapproachement between India and Pakistan as preparing the ground for better economic performance in South Asia, but believes the security situation in Afghanistan and Nepal as something that may undermine growth and development.
Number of poor people has gone down in 20 yrs: WB The proportion of people living on less than one US Dollar a day decreased from 40 to 21 per cent of the global population between 1981 and 2001, says the World Bank's latest annual report.
