BENGALURU (Reuters) -Shares of HCL Technologies Ltd fell nearly 7% on Friday, in their sharpest intraday drop since mid-January, after the IT services firm warned furloughs and spending cuts by clients in the key U.S. market could hurt its revenue outlook. The IT industry, which saw demand sky-rocketing during the pandemic on the back of …
India’s HCL Tech drops most since mid-Jan on downbeat revenue outlook Read More »
NEW DELHI (Reuters) – The Indian government will extend the deadline to submit expressions of interest for its stake sale in IDBI Bank to early January from Dec. 16 previously, a government source familiar with the talks told reporters on Friday. India has invited bids for a 60.72% stake in the bank and the government …
India to extend deadline to submit interest for IDBI Bank to early Jan – source Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee rose on Friday as a further decline in the dollar index propped up Asian currencies, with softer oil prices and positive news from China adding to the momentum. The rupee was up 0.32% to 82.16 per dollar by 10:48 a.m. IST, hovering near the 82.15 mark, …
Rupee gains as dollar wallows, tests 82.15/USD resistance Read More »
BENGALURU (Reuters) – Around five million people globally have had their data stolen and sold on the bot market till date, of which 600,000 are from India, making it the worst affected country, according to one of the world’s largest VPN serice providers NordVPN. Bot markets are used by hackers to sell stolen data from …
Stolen data of 600,000 Indians sold on bot markets so far – study Read More »
By Kavya Guduru (Reuters) – Gold prices edged higher on Thursday as the dollar eased, while investors positioned themselves ahead of key U.S. inflation data and the Federal Reserve’s policy meeting due next week. Spot gold was up 0.2% at $1,789.42 per ounce, as of 1901 GMT, after rising more than 1% on Wednesday. U.S. …
Gold firms on softer dollar with focus on Fed’s next move Read More »
(Reuters) -India’s Paytm said on Thursday it was considering to repurchase its own shares, without specifying details, at a time when the digital payments giant’s shares are trading 75% lower than its stock market debut last year. Paytm’s parent company, One97 Communications, said its board is set to meet on Dec. 13 to consider the …
HONG KONG (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday that its Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million. The announcement of a $500 million injection into its India unit comes after Reuters reported last month that Apple …
Foxconn unit invests $500 million in India affiliate Read More »
By Sumit Khanna AHMEDABAD, India (Reuters) -Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) was set to win the biggest majority by any party at elections in his home state of Gujarat on Thursday, a big boost to the Hindu nationalists ahead of general elections in 2024. The western industrial state of Gujarat is …
PM Modi’s party set for record win in India’s Gujarat state election Read More »
BENGALURU (Reuters) -Sun Pharmaceutical Industries Ltd’s drug shipments from its Gujarat plant could be refused entry in its key U.S. market after the drug regulator slapped an import alert on the facility, the drugmaker said on Thursday. The Food and Drug Administration’s (FDA) import alert implies all future shipments of products made at the plant …
Sun Pharma gets FDA import warning for India plant, shares drop Read More »
BENGALURU (Reuters) – Air India would spend more than $400 million to refurbish the interiors of its entire wide-body fleet to attract more flyers after the carrier was taken over by Indian conglomerate Tata Group at the start of this year, it said on Thursday. The refurbishment will involve introduction of a premium economy cabin, …
Air India to spend over $400 million to refurbish cabin interiors Read More »
