Shares in Indian software giant Infosys fell more than eight percent on Thursday after the company announced a surprise cut its full-year revenue outlook and reported a lower-than-expected profit.
Business
Jul 12, 2012
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India's biggest outsourcer Tata Consultancy Services warned Friday of "weakness" in global markets, marking the latest downbeat comment to emerge from the country's flagship software industry.
Business
Jun 29, 2012
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Indian software exporter Infosys on Friday said its quarterly profit rose 27 percent, but disappointed the markets with a lower-than-expected growth forecast that saw its shares plunge.
Business
Apr 13, 2012
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India is challenging the United States at the World Trade Organisation over increased visa fees for skilled workers that have hit the country's flagship outsourcing firms, an official said Tuesday.
Business
Apr 10, 2012
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Shares in India's biggest outsourcing firm TCS slid as much as 5.1 percent Wednesday amid investor concern about the outlook for a sector dependent on demand from crises-hit Europe and the United States.
Business
Jan 18, 2012
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Indian IT giant Infosys on Thursday posted a 33-percent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.
Business
Jan 12, 2012
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US-based company iGate said Wednesday it plans to delist its unit Patni Computer Systems from stock exchanges by buying shares from the Indian company's public shareholders.
Business
Nov 16, 2011
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India's biggest software exporter, TCS, said Monday its quarterly net profit rose 14.7 percent, marginally below estimates, as concerns over global uncertainty offset improved outsourcing demand.
Business
Oct 17, 2011
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Indian software giant Infosys on Wednesday said quarterly profit rose by nearly 10 percent, powering its shares upwards as investors ignored a warning about an uncertain global market.
Business
Oct 12, 2011
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India's fourth-largest software firm HCL on Wednesday posted a leap of 52 percent in quarterly net profit, beating expectations and giving an upbeat outlook despite global economic uncertainty.
Business
Jul 27, 2011
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