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Sethuraman N R

Indian shares end lower for second week; IT stocks rebound

5:39am EST

BENGALURU Indian shares closed mostly unchanged on Friday, as gains in information technology and energy stocks were offset by weakness in banking and auto stocks, but benchmark indexes ended lower for a second consecutive week.

Indian shares rise over 1% as IT stocks jump after recent sell-off

12:23am EST

BENGALURU, Jan 28 Indian shares rose on Friday as investors snapped up beaten-down information technology stocks and higher crude prices lifted Oil and Natural Gas Corp, with a slight rebound in global markets also aiding sentiment.

India's Reliance reports hefty profit on energy, retail boost

Jan 21 2022

BENGALURU (Reuters) -Reliance Industries Ltd, India's most valuable company, on Friday posted a better-than-expected 41.6% jump in profit in the third quarter, boosted by strong performance in its oil-to-chemicals and retail businesses.

Indian IT leaders TCS and Infosys confident on digital services growth

Jan 12 2022

BENGALURU (Reuters) -Infosys raised its revenue forecast and Tata Consultancy Services (TCS) predicted robust demand on Wednesday as the Indian IT giants said they expect tech spending to continue, particularly for digital services such as the cloud.

WRAPUP 1-Indian IT leaders TCS and Infosys confident on digital services growth

Jan 12 2022

BENGALURU, Jan 12 Infosys raised its revenue forecast and Tata Consultancy Services (TCS) predicted robust demand on Wednesday as the Indian IT giants said they expect tech spending to continue, particularly for digital services such as the cloud.

UPDATE 3-India's Infosys lifts annual revenue forecast on robust deal pipeline

Jan 12 2022

BENGALURU, Jan 12 India's Infosys Ltd on Wednesday raised its annual revenue forecast, fuelled by strong deal momentum from global companies strengthening their digital presence to better manage pandemic-led disruptions.

UPDATE 2-India's Vodafone Idea approves conversion of spectrum interest, govt dues into equity

Jan 11 2022

BENGALURU, Jan 11 Indian telecom operator Vodafone Idea Ltd said on Tuesday its board has approved conversion of the full amount of interest related to spectrum auction instalments and dues owed to the government for use of airwaves into equity.

Indian shares track best week since September

Jan 07 2022

BENGALURU, Jan 7 Indian shares were set on Friday for their best weekly gain since early September as benchmark indexes rose for a fifth session in six buoyed by gains in financials and oil producers.

Indian shares close out 2021 with best gains in four years

Dec 31 2021

BENGALURU (Reuters) -Indian shares on Friday locked in their best year since 2017, driven by an economic recovery from the pandemic-led slump and infusion of massive liquidity, even as valuation concerns and a raging new coronavirus variant brought in some caution towards the year-end.

Indian shares inch higher in thin trading as IT, pharma gain

Dec 30 2021

BENGALURU, Dec 30 Indian shares edged up on Thursday in thin trading as information technology and pharma sectors gained, while the country reported the highest jump in daily coronavirus cases in a month.

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