Philip George

Bharti Airtel second-quarter revenue jumps 22% on higher tariffs, 4G additions

27 Oct 2020

BENGALURU Indian telecom operator Bharti Airtel Ltd reported its highest-ever quarterly consolidated revenue on Tuesday, helped by higher tariffs and additions to its 4G subscriber base.

Indian shares rise on slowing virus cases, HDFC Bank boost

20 Oct 2020

BENGALURU, Oct 20 Indian shares rose on Tuesday as a slowdown in daily coronavirus cases raised hopes that the government will further ease restrictions, with HDFC Bank supporting the gains after an upbeat forecast from a ratings agency.

Indian shares slip as investors lock in gains in IT stocks

15 Oct 2020

BENGALURU, Oct 15 Indian shares fell on Thursday as IT stocks reversed course to trade lower as investors locked in gains in a sector that has helped drive a rally in the broader market so far this month.

Indian shares slip as IMF again cuts GDP forecast; Wipro slides

14 Oct 2020

BENGALURU, Oct 14 Indian shares fell on Wednesday after the International Monetary Fund cut its economic growth forecast for the country for the second time in nearly four months, while Wipro's quarterly profit miss also weighed on sentiment. The NSE Nifty 50 index fell 0.76% to 11,844.50 as of 0504 GMT, while the S&P BSE Sensex was down 0.65%% at 40,364.26. The indexes are set to snap nine straight sessions of gains.

Indian shares rally for eighth session as banking stocks shine

12 Oct 2020

BENGALURU, Oct 12 Indian shares rose for an eighth straight session on Monday, led by banks as the central bank appealed to the country's top court to allow lenders classify loans as non performing-assets, raising hopes of some relief for the battered sector.

Indian shares jump after TCS, Wipro buyback plans

08 Oct 2020

BENGALURU, Oct 8 Indian shares jumped on Thursday as IT stocks gained after Tata Consultancy Services decided to buy back up to $2.2 billion in shares and smaller-rival Wipro said it would also consider stock repurchase.

TCS plans up to $2.2 billion buyback as legal costs hit profit

07 Oct 2020

BENGALURU Tata Consultancy Services said on Wednesday it would buy back shares worth up to 160 billion rupees ($2.18 billion), and reported a fall in quarterly profit as it set aside 12.18 billion rupees to cover legal fees related to a U.S. lawsuit.

Indian shares rise on gains in Reliance, Titan; TCS buyback plan awaited

07 Oct 2020

BENGALURU, Oct 7 Indian shares rose on Wednesday as Reliance Industries gained after securing a $750 million investment in its retail arm and Titan Company rose after flagging a strong recovery at its jewellery division in the second quarter.

Indian shares rise on gains in HDFC Bank, Tata Motors

06 Oct 2020

BENGALURU, Oct 6 Indian shares rose on Tuesday, helped by gains in the country's biggest private lender HDFC Bank and automaker Tata Motors, with sentiment aided by the government's decision to name nominees to the central bank's monetary policy committee.

General Atlantic, Silver Lake co-investors buy stakes in Reliance's retail arm

01 Oct 2020

MUMBAI/BENGALURU India's Reliance Industries Ltd said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, while Silver Lake co-investors will also buy a stake.

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