TCS falls ahead of analyst meeting
Reuters Market Eye - Tata Consultancy Services (TCS.NS) falls 2.7 percent ahead of a scheduled meeting between the management and analysts later in the day, amid concerns the software services provider will deliver a downcast view on the sector.
Dealers cite market interest on TCS' outlook, given recent concerns over rival Infosys' (INFY.NS) outlook for fiscal 2013.
Infosys' (INFY.NS) dollar revenue growth outlook of 5 pct for the year ending March 2013 could be under threat, Chief Executive S.D. Shibulal was cited as saying by UBS in an investor meeting.
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A missing Malaysia Airlines jetliner may have turned back from its scheduled route before vanishing from radar screens, military officers said on Sunday, deepening the mystery surrounding the fate of the plane and the 239 people aboard. Full Article