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A British company, New Call Telecom, which offers home telephone services, broadband and low-cost international calls, has taken back its outsourced work from India after it found that outsourcing it to India is no longer cheaper than doing the same work in the UK. Many British companies outsource their work to India because it costs very low.

New Call Telecom competes with BT and Sky to offer these tele-services to the customers. After taking back its work from India, the company has opened a call centre in Lancashire.

The commercial vehicle finance company, Shriram Transport Finance Corporation (STFC) has gained for the fourth consecutive day on over-subscription of its non-convertible debentures (NCD) and the Reserve Bank of India (RBI) circular which was released on Friday. The circular has given freedom to the banks to invest in securitized assets of NBFC.

On Monday, PE giant, Carlyle Group has announced to sell its 65% stake in Chennai-based publishing BPO Newgen Knowledge Works to a group of investors led by Franklin Templeton. These shares were acquired by Carlyle about seven years ago for $9.4 million in one of the first private equity buyouts in the country. No financial details of the deal are available as of now.

The BPO Newgen Knowledge Works serves some of the largest publishing groups in the United States and the United Kingdom. It has a workforce of 800 people, who are working in India, the UK and the US.

A new plan introduced by SBI Life will ensure stable returns to investors. ‘Flexi Smart Insurance’ initiated by SBI aims at security for customer’s investment and stable returns.

The investors will be provided with an option to change the assured amount and elasticity of premium payment, along with interim and additional interest rates.

SBI Life MD and CEO, M. N. Rao said, “We will continue to strengthen our simple and smart series so as to cater to the protection and savings needs of multiple customer segments with varied risk— appetite”.

Telecom watchdog, the Telecom Regulatory Authority of India (TRAI) gave out the advice to service suppliers for offering Value-Added-Services (VAS) to users. These directives were given by TRAI today, keeping in mind the interest of customers.

According to TRAI, the suppliers should confirm the VAS within the 24 hours of confirmation from the customers by mails, messages or Fax or in a written form.

“He should charge the consumer only if the confirmation is received from him for such value added service and shall discontinue if no confirmation is received", TRAI said.

Sakthi Sugars Managing Director, M. Manickam said that though in the sugar markets the decisions are quite unsure but he has hopes from the government for decontrolling the sugar industry.