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United Kingdom

Chandini Monnappa

Sensex, Nifty slump over 1.5% as government offers few hints of stimulus

22 Aug 2019

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.

Indian shares erase early gains as financials drag

20 Aug 2019

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.

UPDATE 2-Maruti Suzuki India beats profit estimates on lower costs

26 Jul 2019

* Expenses drop 6% from a year ago (Adds details on cost cuts, industry background)

Indian PM Modi's party wins confidence vote in key southern state

23 Jul 2019

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.

UPDATE 2-U.S. FDA says Indian drugmaker was shredding, dumping key documents

17 Jul 2019

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.

Infosys raises revenue forecast on upbeat demand for digital services

12 Jul 2019

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.

UPDATE 2-India's Infosys raises revenue forecast on upbeat demand for digital services

12 Jul 2019

* Infosys sees FY20 constant currency revenue between 8.5% and 10%

Indian shares subdued as trade tensions resurface, Infosys up ahead of results

12 Jul 2019

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 resurfaced.

Indian shares recover some lost ground, metals lead gains

11 Jul 2019

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.

Indian shares edge lower amid U.S. trade tension

10 Jul 2019

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.

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