NATIONAL Market snaps four-day winning streak, down by 8 pts The market snapped four-session winning streak and ended moderately down by eight points in narrow movements on the Stock Exchange in Mumbai today (Oct 5, 2004) due to late selling pressure from domestic financial institutions.
FIPB nod waived for non-residents' transfer of shares In a bid to woo foreign investors, the Government has dispensed with the condition of obtaining Foreign Investment Promotion Board's (FIPB) approval for non-residents to transfer shares and convertible debentures of Indian companies from Indian residents, subject to sectoral caps.
Concerto to invest $10 mn, hire 150 for B'lore centre Privately held Concerto Software today (Oct 5, 2004) said it would invest $ 10 million and hire 150 people by mid next year for its technology centre in Bangalore, which would house research and development and provide global customer support.
INTERNATIONAL Prudential saves 60 mn pounds, thanks to outsourcing Painting a rosy picture of outsourcing in India, Britain's leading insurance company Prudential today (Oct 5, 2004) said that it had effected a 60 million pounds cost savings owing to its call centres and back office Operation opened in India 18 months ago.
