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Derek Francis

Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co

Jul 19 2019

BENGALURU Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp .

India's Wipro tops profit forecast on demand from key clients

Jul 17 2019

BENGALURU/MUMBAI Indian software services exporter Wipro Ltd reported a 13% rise in first-quarter profit thanks to robust demand from financial clients and said its main information technology business could show modest growth in the current quarter.

SoftBank-backed Oyo buys shared office startup Innov8 for $30 million

Jul 16 2019

BENGALURU Indian hotel startup Oyo said on Tuesday it has bought local co-working venture Innov8, as the SoftBank-backed hospitality chain looks to venture into the commercial real estate business under the brand name Oyo Workspaces.

Indian shares little changed; Trump, Modi meeting details awaited

Jun 28 2019

June 28 Indian shares were little changed on Friday in the absence of market-moving news as risk-averse investors waited for details of a key trade meeting between U.S. President Donald Trump and Prime Minister Narendra Modi.

Indian shares edge lower; auto, real estate stocks drag

Jun 21 2019

BENGALURU, June 21 Indian shares fell on Friday, amid weakness in auto and real estate stocks, as uncertainty around the U.S.-China trade negotiations and rising oil prices outweighed investor euphoria around the U.S. Federal Reserve's hints at future rate cuts.

U.S. work visa caps to squeeze businesses, jobs: India IT lobby group

Jun 20 2019

BENGALURU The United States' plans to cap H1-B work visas, used by Indian IT firms to send employees there, would imply a "further crunch" for businesses to access skilled workforce, industry lobby group Nasscom said on Thursday.

Indian shares rise; financials offset IT losses on visa curb fears

Jun 20 2019

BENGALURU, June 20 Indian shares recouped early losses to trade higher on Thursday as gains in financial stocks, following Fed's rate-cut hints, offset losses in IT counters triggered by a report of U.S. move to cap H1-B work visas.

Indian shares rise on Fed policy hopes; Reliance Industries surges

Jun 19 2019

BENGALURU, June 19 Indian shares advanced on Wednesday as hopes of easing policy stance by the U.S. Federal Reserve pushed stocks higher, while resumption of trade talks between Washington and Beijing also boosted sentiment.

Indian shares volatile ahead of U.S. Fed meeting

Jun 18 2019

BENGALURU, June 18 Indian shares edged higher on Tuesday ahead of the U.S. Federal Reserve's two-day interest rate meeting later in the day, while crude prices softened on concerns around global growth.

Indian shares fall as crude rises; Jet Air slumps to fresh lows

Jun 14 2019

BENGALURU, June 14 Indian shares edged lower on Friday, tracking broader Asia, as investors fretted over a rally in crude prices following tanker attacks in the Gulf of Oman on Thursday.

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