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BSE Sensex sheds 103 pts on profit booking; Fed meet eyed
Jun 18, 2013 at 20:22 | Source: DomainB
Equity benchmarks shed more than 0.5 percent Tuesday amid volatility on profit booking and further depreciation in rupee. Investors seemed anxious ahead of the two-day Federal Reserve's policy meeting that will begin tonight. BSE Sensex fell by 102....
Cognizant to enlarge IT SEZ by 50%
Jun 13, 2013 at 11:15 | Source: DNA India
Nasdaq-listed Cognizant Technology Solutions (CTS) is increasing the size of its Chennai special economic zone (SEZ) by 50%. The development, which comes at a time when many corporates are desperate to get out of SEZ development and have flooded the...
Indian IT companies likely to pass on rupee gains to clients
Jun 12, 2013 at 05:47 | Source: Economic Times
BANGALORE: Investors in Indian technology stocks are cheering the rupee's slide against the US dollar by sending the stock of software exporters up, but analysts caution against assuming that all foreign exchange gains will trickle down to profits. S...
For coder companies, small gains from Rupee fall
Jun 12, 2013 at 04:50 | Source: DNA India
After a gloomy fourth (January-March) quarter of the last fiscal, the first quarter (April-June) of this fiscal, marked by the sharp fall of the rupee over the last three weeks, is expected to bring some cheer to IT companies. A falling rupee helps ...
Rupee free fall: The gainers and losers
Jun 11, 2013 at 12:11 | Source: FirstPost
The rupee's downward spiral against the US dollar could spell good news for the domestic IT-ITeS sector, which has been facing strong headwinds due to a weak global economy, provided the Indian currency's softening continues.A stronger dollar boosts ...
Midcaps dive even as Sensex flat; rupee plunges to new low
Jun 10, 2013 at 22:22 | Source: DomainB
Rupee plunged to a new low and mid caps were battered even as benchmark indices closed flat in a volatile session Monday. With the RBI reluctant to support the rupee, outlook on the currency has turned bearish, and raised fears of foreign investors ...
IT stocks surge as rupee hits life-time low
Jun 10, 2013 at 20:02 | Source: Financial Express
Led by Wipro, IT stocks today gained as much as 3 per cent in early trade amid the rupee plunging to its life-time low of 57.77 as a stronger dollar boosts the sales of software firms in rupee terms. Shares of Wipro rose by 2.68 per cent, while TCS ...
IT stocks surge as rupee hits life-time low of 57.77
Jun 10, 2013 at 20:02 | Source: The Hindu BusinessLine
Mumbai, June 10: Led by Wipro, IT stocks gained as much as 3 per cent in early trade today amid the rupee plunging to its life-time low of 57.77 as a stronger dollar boosts the sales of software firms in rupee terms. Shares of Wipro rose 2.68 per ce...
IT stocks cheer rupee fall, gain 3.5 per cent in weak market trend
Jun 10, 2013 at 17:07 | Source: Business Today
PHOTO: Reuters IT stocks on Friday gained up to 3.5 per cent in an otherwise weak stock market, as sentiments turned buoyant amid weakness in rupee's value against the US currency.The rupee breached 57-level to the dollar for the second day in a row...
IT stocks surge as Rupee hits life-time low of 57.54 Vs dollar
Jun 10, 2013 at 13:06 | Source: Business Today
Led by Wipro, IT stocks on Monday gained as much as 3 per cent in early trade amid the rupee plunging to its life-time low of 57.77 as a stronger dollar boosts the sales of software firms in rupee terms.Shares of Wipro rose by 2.68 per cent, while T...
IT stocks like TCS, Infosys and HCL Tech gain momentum as rupee depreciates further
Jun 10, 2013 at 12:36 | Source: Economic Times
MUMBAI: IT companies continued to gain momentum in a range-bound market as the depreciating rupee raised hopes of better operating profit margins for these companies. The rupee has depreciated almost by 8 per cent in the last four months. Every 1 per...
Investment Focus: Hexaware Technologies - BUY
Jun 08, 2013 at 22:52 | Source: The Hindu BusinessLine
June 8, 2013: Investors can buy the shares of Hexaware Technologies, a prominent mid-tier IT player, as a revival in the company’s prospects is expected over the next one to two years. At Rs 84, the share trades eight times lower than its like...
IT stocks buck weak market trend, gain up to 3.5 per cent on rupee fall
Jun 07, 2013 at 18:46 | Source: Economic Times
MUMBAI: Led by TCS, IT stocks today gained up to 3.5 per cent in an otherwise weak stock market as sentiments turned buoyant amid weakness in the rupee value against the US currency as a stronger dollar boosts the sales of software firms in rupee te...
BSE Sensex sheds 49 pts; Reliance dips 1%, ICICI up 1.7%
Jun 06, 2013 at 17:37 | Source: DomainB
Equity benchmarks could not sustain recovery in late trade Thursday, losing marginally at close. The NSE Nifty, which fell below the 50 day moving average of 5877.42 in morning trade on weak global cues, managed to recoup all losses in afternoon tra...
BSE Sensex up 326 as easing crude lifts mood; RIL soars 5%
May 27, 2013 at 19:12 | Source: DomainB
Equity benchmarks surged Monday, as investors cheered falling crude oil price and placed renewed faith in the US Federal Reserve continuing with its monetary stimulus. The BSE Sensex climbed 326.44 points to close at 20030.77, and the Nifty rose 99....
Late surge lifts Sensex; Tata Steel, Larsen key gainers
May 24, 2013 at 21:32 | Source: DomainB
Benchmark indices closed firm, riding a late surge, but finished roughly 3 percent lower week-on-week. Brokers say the mood is cautious after the global sell-off on Thursday, and back home, a mixed bag of quarterly earnings. The Sensex closed at 197...
ChrysCapital to buy 10% stake in CavinKare
May 24, 2013 at 03:22 | Source: The Hindu BusinessLine
Chennai, May 23: ChrysCapital will invest Rs 250 crore in the Chennai-based consumer goods major CavinKare Pvt Ltd for a little over 10 per cent equity stake in the company. Though neither C.K. Ranganathan, Chairman and Managing Director of the comp...
Immigration debate: Hexaware to ramp up US presence
May 20, 2013 at 20:50 | Source: Economic Times
MUMBAI: Hexaware Technologies Chairman Atul Nishar said the mid-sized IT company would launch its fourth global delivery centre in the next two to three months and will start more onshore operations, as it looks to accelerate growth by leveraging it...
Hexaware sets up onshore delivery centre in Texas
May 20, 2013 at 13:17 | Source: The Hindu BusinessLine
Mumbai, May 20: Mid-size IT solutions company Hexaware Technologies has set up an onshore delivery centre in Texas, US. The centre, which has a capacity of 150 engineers, will support clients in all major services lines offered by the company. Hexaw...
Buy Hexaware Technologies Ltd with a target of Rs 88: Prakash Gaba
May 07, 2013 at 13:27 | Source: Economic Times
In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com shares his view on Hexaware Technologies Ltd. ET Now: What are your stock recommendations? Prakash Gaba: Hexaware Technologies Ltd is a 'BUY' call with a target of Rs 88 and a stop loss of Rs...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
