The Hindu Business Line : Friday, June 27, 2003

HP plans to shift BPO base from Sydney to Bangalore
HEWLETT-Packard plans to ship its business process outsourcing operations from Sydney to Bangalore and merge it with Digital GlobalSoft's technical support operations as it aims to consolidate its call centre business to cut costs. HP told its ... More

Broadcasters plan alternative channels on FTA tier — Govt mulls capping ad time on pay channels
BOTH the broadcasters and the Government are finalising contingency plans to ensure that the conditional access system (CAS) rolls through. While, the Government on its part is looking at a slew of options including capping the advertising ... More

LPG, kerosene purchased from Reliance — We are not bound to pay market rates, say oil PSUs
PUBLIC sector oil marketing majors Indian Oil Corporation Ltd (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) have told the Government that they are not liable to pay Reliance Industries Ltd (RIL) ... More

SEBI pulls up MFs on special schemes
THE Securities and Exchange Board of India (SEBI) has taken a serious view of several mutual funds (MFs) having schemes with low investor base. SEBI is understood to have come across schemes with only 3-4 investors. These schemes are targeted ... More

Ministry seeks report on LIC's health
THE Ministry of Finance has asked the Life Insurance Corporation of India (LIC) to give a status report on its financial health in view of the whispers doing the round that the insurance monolith might be creating a potentially explosive ... More

Drought hits SPIC hard; net loss higher at Rs 376 cr
DROUGHT-hit fertiliser major, Southern Petrochemical Industries Corporation Ltd (SPIC) has reported a net loss of Rs 375.68 crore for the year 2002-03, compared with a net loss of Rs 215.50 crore for the previous year. The company also made an ... More

Fiat India mum on impact of job cuts
A spokesperson for the company today declined comment on any likely impact from the developments at its Italian parent, saying more information than already reported was not available for the moment. "There is nothing for us to add here," he ... More

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