Tata Consultancy News
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Updated 16 minutes ago
Infosys Ltd. Chief Executive Officer S.D. Shibulal says the worst may be over for India’s second- biggest software-services provider, which slumped 18 percent in the past two months. Investors remain to be convinced.
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Most emerging-market stocks fell as weaker growth in Chinese manufacturing overshadowed monetary easing in Europe and the prospect of interest-rate cuts in India. Brazil’s Ibovespa dropped for the first time this week.
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Tata Consultancy Services Ltd., India’s largest software-services exporter, expects a “strong deal pipeline” with new business from all of its key markets helping to boost sales this year.
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As both worker and boss, Neeraj Gupta has profited from the H-1B U.S. immigration program.
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Indian stock-index futures dropped on concern corporate earnings may miss forecasts, even after the nation’s biggest company reported a 22 percent rise in profit, and as volatility rose to a 10-month high.
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Wipro Ltd. posted a 17 percent gain in fourth-quarter profit as clients of the technology-services company controlled by billionaire Azim Premji maintained spending on outsourcing.
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Reliance Industries Ltd., operator of the world’s biggest oil refinery complex, reported its highest profit growth in almost three years after earnings from turning crude into fuels increased.
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Billionaire Mukesh Ambani’s push into retail and digital services may help Reliance Industries Ltd. build on its best profit growth in three years amid an economic slowdown and sliding natural gas output, investors say.
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Indian equities fell for the fourth day, led by software exporters, before the start of the earnings season this week.
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Infosys Ltd., the Indian software developer which plunged last week after forecasting sales that lagged estimates, may struggle to win clients as U.S. President Barack Obama’s $85 billion in spending cuts prompts companies to rein in spending.
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