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Home -> Finance -> News

NATIONAL
FM for proper regulation of flow of funds to NGOs
Finance Minister P Chidambaram today (Jun 25, 2005) pitched for effective regulation of funds from abroad to NGOs, as unreported flow was fraught with serious security and economic risks.

Police begins investigation into call centre scam
Police today (Jun 25, 2005) began investigation into the reported leakage of financial information about clients in the UK by a call centre in Gurgaon.

Sensex soars to historic peaks; gains 242.10 pts
Barring a brief pause on Thursday (Jun 23, 2005), the bull charge on the Bombay Stock Exchange (BSE) was unstoppable, as sustained hectic all-round buying, led by foreign funds sent the Sensex soaring to historic peaks of 7148.62, a whopping gain of 242.10 points or 3.51 per cent during the week.

Wipro relaunches ayurvedic soap brand Chandrika
Wipro Consumer Care and Lighting, the FMCG business of Wipro Limited, has relaunched Ayurvedic soap brand Chandrika.

Second airport near Delhi may be permitted: Praful
The Government may permit construction of another airport near Delhi, outside a 75 km radius of the existing Indira Gandhi International Airport, by amending the existing rules that prohibit a second airport within a 150 km boundary of an existing one.

E-SoftSys division receives Microsoft Certification
Global E-SoftSys Pvt Ltd., which has development centres in Bangalore and Mangalore, has announced that E-BusinessPro, its e-commerce solution for stores and business has successfully completed the Microsoft Platform Test for Windows Server 2003 Web Services and .NET Framework, conducted by Veritest, an independent Microsoft authorised testing agency.

INTERNATIONAL
US-based IBM to hire over 14,000 workers in India
The US-based IBM, the world's largest IT company, plans to increase its payroll in India this year by more than 14,000 workers, even as it cuts 13,000 jobs in Europe and the United States, The New York Times reported, quoting an internal company document.

Security in Indian call centres very good, says FSA
Amidst concern over the reported leakage of financial information by an Indian call centre, Britain's financial regulator today (Jun 25, 2005) said BPO's in India were "safe" with a "very good" security system.