MUMBAI - Shares in Tech Mahindra Ltd rose as much as 6.8 percent on Wednesday after its January-March quarter net profit rose 24 percent, beating estimates.
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MUMBAI - The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company.
NEW YORK/FRANKFURT - Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might end soon.
MUMBAI/BANGALORE - IT outsourcing company iGate Corp sacked Chief Executive Phaneesh Murthy after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.
MUMBAI - Essar Energy Plc on Tuesday signed a $1 billion financial cooperation agreement with the China Development Bank and PetroChina International Co. Ltd., according to a document seen by Reuters.
Sebi and Sahara are locked in a bitter legal tussle over the issue of refunding of Rs. 24,000 cr by its two firms to investors from whom they had raised the money. Full Article
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