Wipro Q4 net profit beats estimates, rises 29 percent
Published on Thursday, April 17, 2014 6:36 PM

  Wipro Ltd posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers.

Like its rivals Infosys Ltd  and Tata Consultancy Services Ltd , Wipro is banking on a revival in demand for IT services in the industry's biggest markets as the economie ...

Wipro Q4 net profit beats estimates, rises 29 percent
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A star abroad, RBI boss riles bond traders at home
Published on Thursday, April 17, 2014 3:24 PM

By Neha Dasgupta

MUMBAI  - Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.

Benchmark 10-year bo ...

A star abroad, RBI boss riles bond traders at home
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Bonds rally; RBI raises $3.3 billion in record auction
Published on Thursday, April 17, 2014 4:14 PM

MUMBAI  - Government bonds jumped on Thursday, recovering from two sessions of falls, after the RBI fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer, accomplishing the country's biggest-ever auction.

The cut-offs for the auction were also better than expected, indicating healt ...

Bonds rally; RBI raises $3.3 billion in record auction
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Hathway gains; CLSA starts with 'buy' rating
Published on Thursday, April 17, 2014 1:19 PM

 Market Eye - Shares in Hathway Cable and Datacom Ltd surge 6.3 percent to 242.20 rupees after broker CLSA started coverage on the stock with a "buy" rating and a target price of 302 rupees.

CLSA says Hathway, as India's largest digital cable provider, will benefit from increased digitisati ...

Hathway gains; CLSA starts with 'buy' rating
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Tata Global Beverages gains; Deutsche starts with "buy"
Published on Thursday, April 17, 2014 2:43 PM

Market Eye - Shares in Tata Global Beverages Ltd  gain after Deutsche Bank starts coverage on the company with a "buy" rating and a target price of 200 rupees.

Deutsche touts Tata Global as a "turnaround story," saying EBITDA margins have bottomed out and current share prices do not p ...

Tata Global Beverages gains; Deutsche starts with
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S&P: India's ratings to depend on next govt econ, fiscal policies
Published on Thursday, April 17, 2014 12:48 PM

MUMBAI  - Standard and Poor's may upgrade India's outlook if the government that is elected next month addresses some of the country's fiscal and economic challenges through steps such as passing a goods and services tax.

"If in the future they implement policies that effectively address ...

S&P: India's ratings to depend on next govt econ, fiscal policies
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MindTree gains; earnings beat estimates, HSBC upgrades
Published on Thursday, April 17, 2014 12:20 PM

 Market Eye - Shares in MindTree Ltd  surge 3.4 percent after the company on Wednesday said its January-March net profit rose 24 percent to 982 million rupees ($16.3 million).

The company's board also approved a 1-to-1 bonus issuance and a special dividend of 5 rupees a share.

H ...

MindTree gains; earnings beat estimates, HSBC upgrades
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TCS gains on revenue outlook; other income worries
Published on Thursday, April 17, 2014 11:50 AM

 Market Eye - Shares in Tata Consultancy Services Ltd gain 1 percent after its CEO said the company expected a further rise in revenue growth in the new financial year.

Still, gains were tempered by some concerns about the IT outsourcer's January-March net profit when adjusted for other income, which ...

TCS gains on revenue outlook; other income worries
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Piramal to buy 20 percent stake in Shriram Capital for $334 million
Published on Thursday, April 17, 2014 12:19 PM

MUMBAI  - Piramal Enterprises Ltd  said it agreed to buy a 20 percent stake in unlisted Shriram Capital Ltd for 20.14 billion rupees ($334 million), increasing its foothold in the financial services sector.

Shriram Capital is the holding company for the Chennai-based Shriram group, which controls Sh ...

Piramal to buy 20 percent stake in Shriram Capital for $334 million
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