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Business Briefs

BT shifts jobs

London, July 16: BT chief executive Ian Livingston has announced that the company will revert at least 2,000 call centre jobs from India back to Britain. The telecom major has 11,000 customer service staff in India. BT said the move had nothing to do with the quality of service offered in India.

Satyam delay

New Delhi, July 16: Satyam Computer Services, now known as Mahindra Satyam, has approached the Company Law Board for an extension of the deadline for the restatement of accounts of the firm to March 31, 2010. The earlier deadline was December 2009.

Price trend

New Delhi, July 16: The contraction in the price trend was less at (-) 1.21 per cent for the week ended July 4 against (-) 1.55 per cent in the previous week because of a rise in the prices of petrol, diesel and food articles. The wholesale price index was 12.19 per cent in the year-ago period.

Tata stake

New Delhi, July 16: Tata Steel has hiked its stake in Australia-based Riversdale Mining to 19.38 per cent by acquiring the latter’s additional shares through market transactions. The company acquired the stake through its wholly owned subsidiary, Tata Steel Global Minerals Holdings.

China growth

Beijing/ New Delhi, July 16: The Chinese economy grew at 7.9 per cent in the second quarter of 2009, bolstered by the government’s stimulus package. China, the world’s fastest growing economy, expanded at a rate of 6.1 per cent in the first quarter.

First Nano

New Delhi, July 16: Ratan Tata will hand over the keys of the Nano to its first customer tomorrow. In the first lot over 1.55 lakh cars will be delivered.

Cognizant pact

Mumbai, July 16: Cognizant has signed a five-year, multi-million dollar global product research and development alliance with Invensys Operations Management.

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