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Infy scouting for BPO firm in Canada
Infosys BPO Ltd, the business process outsourcing (BPO) operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources. http://smallpersonalloans.org.uk

Lancor Holdings approves Rs 75 cr issuance of securities
Lancor Holdings, a realty major, has approved the further issue of securities up to a value of Rs 75 crore with domestic and international markets through various instruments. The decision ws taken in its board meeting yesterday.

News of the day

Hiring activity in Kolkata down 3 per cent in July
Hiring activity in Kolkata declined by 3 per cent in July compared to June this year, according to a Naukri JobSpeak, the monthly job index released by Naukri.com. The index moved from 775 in June to 750 in July. However, market sentiment remains positive with recruitment index expected to move up post September.
Small Business

Sensex in red in early trades

Markets have dropped again. The Sensex is now down 213 points at 16,567. The Nifty is down 75 points at 4,933. _________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The Nifty is down 50 points at 4,956. US markets ended flat on Wednesday ahead of a US Federal Reserve policy decision Asian markets are mostly in green. The Hang Seng has added 42 points to 20,151. The Nikkei has advanced 30 points to 10,356. All major indices are in red. The bankex has dropped 1.6% to 9,541. The BSE realty, IT, metal and auto indices have slipped around 1% each. Banking shares have dropped in opening trades. ICICI Bank and SBI have declined 2.4% each to Rs 811 and Rs 2,045, respectively. Metal stocks are also weak. Hindalco has shed 1.3% at Rs 157. Sterlite and Tata Steel have slipped 1% each to Rs 793 and Rs 605, respectively. DLF has dropped 1.3% to Rs 340. Sun Pharma, Wipro, Tata Motors, HDFC Bank, Hindustan Unilever have also dipped in red. ONGC, TCS, Grasim, Mahindra & Mahindra are the other losers in the market today.


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