Article IT stocks cap gains in Indian shares amid U.S. recession fears Indian shares closed marginally higher on Thursday, after a slide in IT stocks following weak quarterly earnings and a cautious outlook from top IT firm TCS Ltd trimmed gains, amid rising concerns of a recession in the U.S. Premium Indian shares closed marginally …
Article RBI begins evaluating potential bidders for IDBI Bank The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd. Premium The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a …
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Article India’s TCS declares weak fourth quarter result Tata Consultancy Services said on Wednesday fourth-quarter results were weaker than it had expected as some of the IT company’s clients in the North American banking space deferred project spending amid the U.S. financial crisis. Premium Tata Consultancy Services (TCS.NS) said on Wednesday fourth-quarter results were weaker than it …