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.
Satyam Computer Services Ltd. , the software developer embroiled in India’s biggest corporate fraud probe, fell the most in almost two years in Mumbai trading on concerns the company is failing to win profitable contracts.
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.
Reliance Communications Ltd. , India’s second-largest wireless carrier, said it may sell a 26 percent stake to help pay debt and upgrade networks. AT&T Inc. is in early talks about investing in the company, the Wall Street Journal reported today, citing people familiar with the plans.
Satyam Computer Services Ltd ., the software exporter embroiled in India’s biggest corporate fraud probe, reported its first quarterly earnings in almost two years, ahead of a merger with Tech Mahindra Ltd.
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.