Can the Indian hedge fund managers convince the wealthy to take up the expensive investment strategy?
Infosys openness backfires as missed guidance frustrates market.
It projected first-quarter revenue for its IT services business to be in a range of $1.58 billion to $1.61 billion - a decline of 0.6 per cent to a rise of 1.6 per cent over the previous quarter.
During the quarter, HCL added 37 customers.
Infosys Ltd, India's No. 2 IT services exporter, forecast lower revenue growth than analysts had expected for this fiscal year, citing a challenging global economy, sending its shares tumbling nearly 18 percent.
The deal highlights industry's growing interest in Fance and Germany.
While the country imposed limits, it also eased and simplified other restriction to attract foreign inflows. This is done to plug record current account deficit.
It believes that BSE Sensex will reach 22,500 by December-end.
Higher food prices can accelerate broader inflation by pushing up wages, while negatively impacting the government finances and reducing monetary policy flexibility, Moody's said in a report.
It believes that there had been "little progress" in structural reforms.
Tech Manhindra, the parent company, expects to complete merging Satyam with itself in March.
The warning late on Wednesday came as a surprise given Tata shares hit a record high earlier this month on a rally sparked by expectations for improving sales at JLR, especially in the key China market, and optimism about the launch of new models.
Since a week ago, better-than-expected results from Infosys Limited, Tata Consultancy Services Limited and HCL Technologies Limited sparked a 13 per cent rally in the sector subindex that grinded to a halt on Friday.
Expectations for a rate cut had gathered momentum this week after inflation slowed to its lowest level in three years.
It also gave an upbeat growth outlook, sending its shares up the most in more than eight months.
It said that the company encourages "chronic under-performers" to leave as part of its staff management.
The software services provider looks to cut costs and boost sales.
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