BENGALURU Indian stocks slid more than 1.5% on Thursday as comments from key policymakers failed to assure investors that the government was serious about taking steps to revive economic growth.
Aug 20 Indian shares were volatile on Tuesday,
after gains in IT stocks were largely offset by declines in
financial stocks, as cautious investors awaited more details on
reports of a corporate tax rate cut by the government before
making fresh bets.
* Expenses drop 6% from a year ago
(Adds details on cost cuts, industry background)
BENGALURU Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) was set to return to power in the southern state of Karnataka after narrowly defeating its arch-rival Congress in a confidence vote on Tuesday.
BENGALURU, July 17 A U.S. Food and Drug
Administration (FDA) investigator discovered that India's
Strides Pharma Science Ltd, which exports to the U.S.
market, was shredding drug production, quality and laboratory
documents and dumping others in a scrap yard.
BENGALURU/MUMBAI India's second-biggest software services firm, Infosys Ltd, raised its revenue forecast for the year on Friday, betting on upbeat client demand for its new-age digital services such as cloud, data and analytics.
* Infosys sees FY20 constant currency revenue between 8.5%
July 12 Indian shares were trading flat on
Friday, tracking subdued Asian peers, as investors stayed on the
sidelines after concerns over U.S.-China trade tensions
BENGALURU, July 11 Indian shares rose on
Thursday, driven by gains in metals and financials, and tracking
strength in broader Asia as dovish comments by U.S. Federal
Reserve Chairman Jerome Powell rekindled rate-cut hopes.
BENGALURU, July 10 Indian shares edged lower on
Wednesday amid renewed concerns over trade tension between the
United States and India, with Tata Motors and Tata
Consultancy Services dragging the index lower.