By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) – India’s No.1 software-services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly …
India’s TCS to diversify to other markets amid US weakness Read More »
By Siddhi Nayak MUMBAI (Reuters) – Lenders to India’s Go First have set Jan. 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday. Go First filed for bankruptcy protection in May but lenders have more recently been considering liquidating the airline after failing to secure new investors. …
India airline Go First’s lenders seek investor bids by Jan 31 -sources Read More »
By Shivangi Acharya and Mayank Bhardwaj NEW DELHI (Reuters) – India and the United States have agreed to bolster trade ties and deepen cooperation in areas such as critical minerals, the United States Trade Representative Katherine Tai said on Saturday. India’s trade minister Piyush Goyal and Tai held their annual trade policy talks in New …
India, US seek to bolster trade ties, work together on critical minerals Read More »
By Siddharth Cavale NEW YORK (Reuters) – U.S. retailer Target is experiencing some disruptions of shipments from India and Pakistan, a big region for apparel manufacturing, due to the crisis in the Red Sea, a source familiar with the matter told Reuters on Friday, calling the effect “minor” overall. The company has faced delays in …
Target seeing some disruption of India supplies due to Red Sea crisis Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices scaled a one-week peak on Friday as an escalation in the Middle East conflict fuelled safe-haven buying, while softer U.S. producer price inflation boosted bets that the Federal Reserve might cut interest rates sooner. Spot gold was up 1% at $2,048.21 per ounce at 2:24 p.m. ET …
Gold rallies on Middle East tensions, Fed rate-cut bets Read More »
BENGALURU (Reuters) -India’s Tata Consumer Products will buy Capital Foods for an enterprise value of 51 billion rupees ($615.95 million), it said in an exchange filing on Friday. The company will initially buy a 75% stake in Capital Foods, which manufactures packaged food and condiments such as chutney, sauces and noodles under their “Ching’s Secret” …
India’s Tata Consumer Products to buy Capital Foods for $616 million Read More »
BENGALURU (Reuters) – India’s proposals for same-day settlement of securities trades will be costly for offshore funds and could fragment the market, according to a lobby group for the funds. The Securities and Exchange Board of India (SEBI) last month proposed a phased rollout of optional same-day settlement and sought views from the public before …
Offshore funds raise concerns over India’s same-day trade settlement plan Read More »
By Sai Ishwarbharath B and Nandan Mandayam BENGALURU (Reuters) -Wipro, India’s No.4 software-services exporter, reported better-than-expected revenue in the seasonally weak third quarter and highlighted early signs of a return to growth in client demand for its consulting services. The results led Wipro’s ADRs up 3.5% in pre-market trading, following signals from larger rivals Tata …
India’s Wipro beats Q3 revenue estimates; sees growth in consulting Read More »
By Haripriya Suresh BENGALURU (Reuters) -HCLTech, India’s third-largest IT services provider, sees no change in demand sentiment, its chief executive said on Friday after the company trimmed the top end of its full-year revenue forecast. Throughout last year, Indian IT companies have struggled as clients held back discretionary spending, preferring cost-oriented deals over growth-oriented ones. …
India’s HCLTech trims full-year revenue forecast, says demand unchanged Read More »
BENGALURU (Reuters) -Indian IT companies rallied 5% on Friday after market leaders Tata Consultancy Services and Infosys posted better-than-feared quarterly reports and gave optimistic forecasts that eased concerns about a sector grappling with sluggish demand. Market leader TCS rose more than 4%, while No.2 Infosys jumped around 8% after they reported third-quarter revenue growth that …
Indian IT stocks rally after TCS, Infosys post better-than-feared results Read More »
