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Oct 17, 2014

TCS slumps over 8 percent, earnings miss estimates

MUMBAI (Reuters) – Tata Consultancy Services Ltd(TCS.NS: Quote, Profile, Research), India’s biggest software services exporter, posted a 13.6 percent rise in quarterly net profit, but missed analyst estimates on weakness in outsourcing demand in Latin America and in some industrial sectors.

TCS shares fell as much as 8.5 percent on Friday, setting it on course to log its worst single-day fall in nearly five-and-a-half years, in a positive Mumbai market. The stock was up 25 percent this year as of Thursday, more than the main market.

Oct 17, 2014

Tata Consultancy second-quarter earnings misses estimates; shares fall

MUMBAI (Reuters) – Tata Consultancy Services Ltd, India’s biggest software services exporter, posted a 13.6 percent rise in quarterly net profit, but missed analyst estimates on weakness in outsourcing demand in Latin America and in some industrial sectors.

TCS shares fell as much as 8.5 percent on Friday, setting it on course to log its worst single-day fall in nearly five-and-a-half years, in a positive Mumbai market. The stock was up 25 percent this year as of Thursday, more than the main market.

Oct 17, 2014

Tata Consultancy Q2 earnings misses estimates; shares fall

MUMBAI, Oct 17 (Reuters) – Tata Consultancy Services Ltd
, India’s biggest software services exporter, posted a
13.6 percent rise in quarterly net profit, but missed analyst
estimates on weakness in outsourcing demand in Latin America and
in some industrial sectors.

TCS shares fell as much as 8.5 percent on Friday, setting it
on course to log its worst single-day fall in nearly
five-and-a-half years, in a positive Mumbai market. The stock
was up 25 percent this year as of Thursday, more than the main
market.

Oct 10, 2014

Infosys posts higher-than-expected Q2 profit; keeps annual sales growth outlook

BANGALORE (Reuters) – Infosys Ltd(INFY.NS: Quote, Profile, Research) wants to revive growth through automation and artificial intelligence, its chief executive said on Friday, boosting investors’ confidence in India’s second largest IT exporter after it posted a forecast-beating quarterly profit.

Chief Executive Vishal Sikka was brought in earlier this year to chart a new strategy for Infosys, once a trendsetter for India’s more than $100 billion IT outsourcing industry but which has struggled in recent years to retain staff and market share.

Oct 10, 2014

Infosys sees future in new tech; investors cheer strategy shift

BANGALORE, Oct 10 (Reuters) – Infosys Ltd wants to
revive growth through automation and artificial intelligence,
its chief executive said on Friday, boosting investors’
confidence in India’s second largest IT exporter after it posted
a forecast-beating quarterly profit.

Chief Executive Vishal Sikka was brought in earlier this
year to chart a new strategy for Infosys, once a trendsetter for
India’s more than $100 billion IT outsourcing industry but which
has struggled in recent years to retain staff and market share.

Sep 23, 2014

Hemorrhaging talent, Infosys’ new CEO allows staff to use Twitter, Facebook

MUMBAI (Reuters) – Infosys Ltd’s new CEO has come up with a novel approach to reviving the financial fortunes of India’s trailblazing outsourcing firm: use Facebook at work, tweet, but get the job done.

Infosys has long been run as a conservative company known for keeping strict tabs on work hours and sometimes fining employees for not wearing ties on specific days. Such cheerless self-regard could not have come at a more challenging time, analysts say.

Sep 15, 2014

Google launches $105 Android One; eyes low-price smartphone boom

NEW DELHI/MUMBAI, Sept 15 (Reuters) – Google Inc
launched in India on Monday a $105 smartphone, the first device
from its “Android One” initiative which is aimed at boosting
sales in key emerging markets through cheaper prices and better
quality software.

The Mountain View-Based company tied up with Indian handset
makers Micromax, Karbonn and Spice Mobiles to launch the 6,399
rupees phone, which is powered by Google’s operating system and
targets the booming low-cost segment of the world’s fastest
growing smartphone market.

Sep 3, 2014

India’s smartphone wars: Google’s Android One adds to Samsung’s worries

MUMBAI, Sept 3 (Reuters) – Google Inc’s
partnership with three Indian phone makers is set to rev up
fast-growing demand for lower priced smartphones, and spell more
trouble for Samsung Electronics which is rapidly
losing share in emerging markets.

Micromax Infomatics Ltd, Karbonn Mobiles and Spice Group are
the first phone manufacturers to sign up for Google’s Android
One initiative, which provides specifications for key hardware
parts. Some of the new phones are due to hit the market this
month.

Aug 14, 2014

Reliance Communications profit up on higher tariffs

MUMBAI (Reuters) – Reliance Communications Ltd reported a 22 percent rise in quarterly net profit after the telecom services provider raised voice call rates by about a fifth earlier this year.

Leading Indian mobile carriers raised prices after a 2012 court order revoked some licenses which had increased competition and depressed prices.

Aug 14, 2014

India’s Reliance Communications profit up on higher tariffs

MUMBAI, Aug 14 (Reuters) – India’s Reliance Communications
Ltd reported a 22 percent rise in quarterly net profit
after the telecom services provider raised voice call rates by
about a fifth earlier this year.

Leading Indian mobile carriers raised prices after a 2012
court order revoked some licenses which had increased
competition and depressed prices.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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