New Delhi

Growth in Domestic BPO Market to outpace that of offshore BPO

BPO MarketNew Delhi, July 29 : While the offshore (international) BPO market faces pressures with economy-wide slowdown in developed markets, the domestic BPO market is getting ready to take off.

According Arun Jethmalani, CEO, ValueNotes, “Unlike the overseas business, labor or cost arbitrage does not drive the domestic BPO market.

It’s strategic factors such as the need to scale rapidly, focus on core competencies, enhanced productivity and reduced time to market that are driving domestic demand”.

India's Sensex tanks 4.2 per cent

Stock MarketsNew Delhi - India's benchmark Sensex index tumbled 4.2 per cent in trading on Tuesday afternoon on heavy selling by funds and investors after the Federal Reserve Bank of India hiked its key interest rate.

The 30-share index lost 606.41 points and was trading at 13,742.70 points at mid-session soon after the RBI announced the hike in a quarterly review of the monetary policy.

Market analysts said weak global markets had a negative impact on trading in the domestic bourses.

RBI hikes repo rate by 0.50 points, CRR by 0.25 points to contain inflation

New Delhi, July 29 :

Three Maoist rebels killed in gunbattle in eastern India

Three Maoist rebels killed in gunbattle in eastern India New Delhi - At least three Maoist rebels, including a top commander, were killed and several injured in an overnight encounter with security forces in India's eastern Jharkhand state, a news report said Tuesday.

The clash broke out late Monday when a police and paramilitary forces contingent raided a Maoist hideout in the Vishnugarh jungles in Hazaribagh district, 130 kilometres north of the state capital Ranchi, the PTI news agency reported.

‘e-INDIA 2008’ conference to begin today

Newe-INDIA 2008 Delhi, July 29: Minister of State for Human Resource Development (Higher Education), D. Purandeswari will inaugurate the ‘e-INDIA 2008’0020 (digital learning) conference and exhibition here today.

The three-day conference is being organised by Centre for Science Development and Media Studies (CSDMS).

The first day will have four sessions, the highlight of which will be the inauguration by the Minister and the opening plenary which will be on Leading Change in e-Education: How to Succeed Amid Endless Challenge.

Delhi police arrests three persons including a Nigerian with over 21 kg heroin

Delhi PoliceNew Delhi, July 28 : In a major drug haul, Delhi police seized more than 21 kilograms of heroin and arrested three persons including a Nigerian national here on Monday.

The Narcotics Branch of Delhi police in one of its biggest drug seizures in Delhi seized the contraband containing a huge quantity of heroin, precursor and chemicals worth
150 million rupees.

According to police, acting on a tip off that a Nigerian national was to strike a deal with a drug dealer, Delhi Police set a trap to nab them.

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