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.
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.
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.
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.
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.