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Derek Francis

India's Infosys revises forecast on upbeat client demand

11 Oct 2019

BENGALURU/NEW DELHI India's second-largest software services exporter, Infosys Ltd , on Friday raised the low end of its revenue forecast for the year on upbeat demand for its digital services from Western clients.

UPDATE 2-India's TCS flags challenging second half after missing profit estimates

10 Oct 2019

MUMBAI/BENGALURU, Oct 10 Tata Consultancy Services Ltd warned of a challenging second half after India's No. 1 IT services exporter missed September-quarter profit on Thursday, as a slowing global economy forced many of its clients to cut back spending.

India probes Lakshmi Vilas Bank directors for alleged fraud

27 Sep 2019

MUMBAI/BENGALURU Indian police have opened a probe into the directors of Lakshmi Vilas Bank after a customer accused them of misappropriating funds, the bank said late on Thursday.

UPDATE 1-India probes Lakshmi Vilas Bank directors for alleged fraud

27 Sep 2019

MUMBAI/BENGALURU, Sept 27 Indian police have opened a probe into the directors of Lakshmi Vilas Bank after a customer accused them of misappropriating funds, the bank said late on Thursday.

Indian shares rangebound; finance minister assurance boosts FMCG stocks

27 Sep 2019

BENGALURU Indian shares moved in a tight range on Friday, as investors looked for further stimulus to revive the economy, while the finance minister assuring of a pick up in growth cheered fast-moving consumer goods (FMCG) sector stocks.

Indian shares track broader Asia higher as Trump signals trade deal with China

26 Sep 2019

BENGALURU, Sept 26 Indian shares moved higher on Thursday, in line with gains in broader Asia, as investors cheered U.S. President Donald Trump hinting at a possible Sino-U.S. trade deal.

Nifty, Sensex track broader Asia lower on U.S. political worries

25 Sep 2019

BENGALURU Indian shares fell on Wednesday, tracking broader Asia as investors braced for prospects of a prolonged political uncertainty in the United States after the launch of a formal impeachment inquiry against President Donald Trump.

Indian shares little changed; IT stocks gain

24 Sep 2019

BENGALURU, Sept 24 Indian shares were nearly flat on Tuesday, swinging between gains and losses, as investors hoped for further stimulus from the government following a surprise corporate tax cut last week.

Indian shares extend rally as corporate tax cuts boost growth hopes

23 Sep 2019

BENGALURU, Sept 23 Indian shares started the week on an upbeat note as investors expect the government's surprise move to cut corporate taxes to revive flagging growth in Asia's third-largest economy.

Outraged Indians lampoon government over steep rise in traffic fines

05 Sep 2019

BENGALURU Many Indians have ridiculed a sharp increase in traffic fines this week, lampooning the poor state of roads and joking that the revenue from the fines would soon exceed that from taxes.

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