Tata Consultancy Services Ltd., India’s largest company, reported profit that beat estimates as customers in the U.S. and Europe boosted spending on information technology services and predicted a “stronger” year ahead.
Reliance Communications Ltd. , India’s second-largest wireless carrier, rose to a five-month high in Mumbai trading after saying it will sell stakes in its mobile-phone tower unit and use the proceeds to pay debt.
Tata Steel Ltd. , Steel Authority of India Ltd. and JSW Steel Ltd. gained after RBS Equities (India) Ltd. said the nation’s top producers may raise prices as much as 4 percent next month because of lower imports from China and a surge in rural demand.
Infosys Technologies Ltd. , India’s second-largest software-services exporter, posted third-quarter profit that missed analysts’ estimates, sending the shares to their biggest decline in more than 1 1/2 years.
Indian stocks climbed, boosting the benchmark index by the most among the world’s 20 largest markets in the second quarter, as a government official said the lifting of fuel-price caps will halve oil company losses.