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Home -> Finance -> News

NATIONAL
BSE: Sensex tumbles by yet another 91.56 points
The free-fall at the Bombay Stock Exchange (BSE) today (Apr 18, 2005) gathered further momentum, as sustained selling pressure drove the Sensex down by yet another staggering 91.56 points to close at 6156.78 influenced largely by the distinct bearishness in global markets.

'Outsourcing is a key strategic initiative for '05'
neoIT the leading offshore advisory and management firm, today (Apr 18, 2005) released the findings from a March survey conducted to assess the state of outsourcing in 2005. The study is part of a monthly series to identify and track the key trends and changes in the outsourcing industry. March's survey set out to determine the impact of outsourcing as a key strategic initiative in 2005 for US and European organizations.

Ministry of Tourism bags 2005 PATA Grand Award
The Union Ministry of Tourism has bagged the 2005 PATA Grand Award for Heritage for its Ajanta Ellora Conservation and Tourism Development Project.

INTERNATIONAL
India warns about dangers of uneven global growth
India has warned that unbalanced nature of robust growth of world economy and widening current account imbalances pose serious risks and wanted appropriate strategy to be evolved to tackle it.

Lloyds TSB, ICICI launch India banking service
Targeting the one-million strong Indian community, Britain's Lloyds TSB, in association with ICICI Bank, today (Apr 18, 2005) launched new services offering free money transfers between India and the UK, as well as access to Rupee mortgage for Indian property purchases.