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Chris Thomas

Infosys loses $6.6 billion in market cap after whistleblower complaints

22 Oct 2019

NEW DELHI/BENGALURU India's No.2 software services exporter, Infosys Ltd , is probing whistleblower complaints that its top two executives engaged in "unethical practices" to boost short-term revenue and profit, sending its shares down 16% on Tuesday.

French energy giant Total to buy 37% stake in India's Adani Gas

14 Oct 2019

BENGALURU/NEW DELHI French energy giant Total SA said on Monday it will buy a 37.4% stake in Indian gas distribution company Adani Gas , as it looks to capitalize on India's push for cleaner sources of energy.

India's September passenger vehicle sales dive 24% as slowdown persists

11 Oct 2019

NEW DELHI/BENGALURU India's passenger vehicle sales slumped 23.7% in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon.

Nifty, Sensex clock best day in 10 years after sharp cuts in corporate taxes

20 Sep 2019

Indian shares notched their best day in more than a decade after the government announced deep cuts in corporate taxes to revive flagging growth in Asia's third-largest economy.

CORRECTED-UPDATE 1-Indian shares soar 5% as gov't cuts taxes to prop up growth

20 Sep 2019

Sept 20 Indian shares surged over 5% on Friday and were set for their best day in more than a decade after the government announced deep cuts in corporate taxes to revive flagging growth in Asia's third largest economy.

Indian shares tumble as oil prices surge after Saudi attack

16 Sep 2019

Sept 16 Stocks in India, the world's third-biggest importer of oil, slumped on Monday as oil prices surged after attacks on key oil producer Saudi Arabia's crude facilities over the weekend.

India loses contact with spacecraft on mission to the moon

07 Sep 2019

BENGALURU/MUMBAI India lost contact with a spacecraft it was trying to land on the moon on Saturday, its space agency said, in a setback for the nation's ambitious plans to become the first country to probe the unexplored lunar south pole. | Video

REFILE-India loses contact with Chandrayaan-2 moon mission

06 Sep 2019

BENGALURU, Sept 7 The Indian space agency lost communication with its Chandrayaan-2 lunar mission on Saturday, the chairman of the Indian Space Research Organisation said, in a setback to the nation's ambitious plan to land an unmanned probe near the south pole of the moon.

Unknown men attack India's SAIL chairman with iron bars

08 Aug 2019

NEW DELHI/BENGALURU Four unidentified men attacked the chief of India's largest state-owned steel firm, Steel Authority of India Ltd, with iron bars as he was driving home in a violent assault that he said on Thursday appeared linked to business dealings.

India Inc earnings disappoint, analysts warn of gloomy festive season

06 Aug 2019

BENGALURU India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy.

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