A near-$1B money laundering scandal in New Delhi is threatening to ensnare some of the country's largest banks. » Read More
,India's No.2 software exporter, falls 6.9 percent after the company's revenue growth forecast for the fiscal year that ends in March failed to meet market expectations. *However, the company's revenue growth forecast for the current fiscal year does not include the revenue from Lodestone Holding AG, Chief Financial Officer V. Balakrishnan said on Friday.
*Nifty futures on the Singapore Exchange. FACTORS TO WATCH* Infosys, India's no. 2 software services provider, will report September quarter earnings. *A committee, led by prime minister's Economic Advisory Council chief C. Rangarajan, will recommend lifting curbs on India's tightly controlled sugar sector.
*Nifty futures on the Singapore Exchange. *Infosys, India's no. 2 software services will report September quarter earnings. Infosys is expected to post a 24.9 percent rise in profit in the quarter ended Sept. 30 to 23.8 billion rupees.
*Unitech surges after settlement with Telenor. MUMBAI, Oct 11- Indian shares rose on Thursday as expectations of better-than-expected earnings sent Infosys. and HDFC Bank higher a day before they report results.
*Nifty futures on the Singapore Exchange. *Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, and kept oil and other commodity prices under pressure.
*S&P says India still faces risk of rating downgrade. *India FY13 car sales growth f'cast slashed to 1-3 pct. S&P said the recent reform steps initiated by the government had helped in "slightly" revising its view on the country's credit rating, but warned India still faced a one-in-three chance of a credit rating downgrade within the next 24 months.
MUMBAI, Oct 10- Indian shares provisionally ended lower on Wednesday led by a fall in banking stocks including ICICI Bank. ICICI Bank fell 0.95 percent while State Bank of India. Ahead of corporate earnings on Friday, Infosys.
falls 0.64 percent, while the 50- share NSE index is down 0.68 percent, as profit-taking hits private lenders, including ICICI Bank. falls 1.1 percent after gaining 1.14 percent on Tuesday, while HDFC Bank. *Blue chip capital goods stocks also hit by profit-taking: Larsen& Toubro.
*Blue chips that report earnings on Friday lead the fall in India: Infosys. falls 1.4 percent, while HDFC Bank. *Traders still welcomed a government panel report recommending India scrap a law that taxes asset transfers retrospectively.
Italian Prime Minister Mario Monti's government unexpectedly cut the lowest income tax rates ahead of next year's national election, promising to meet the budget goals it has agreed with the European Union. Italy's Treasury sells 3.0 billion euros 3- month BOTs maturing Jan. 14, 2013 and 8.0 billion euros 12- month BOTs maturing Oct. 14, 2013.
*United Spirits surges on hopes for Diageo deal. MUMBAI, Oct 9- Indian shares recovered on Tuesday from two previous sessions of losses as dented stocks such as Infosys rose, while private banks such as ICICI Bank gained on hopes their quarterly earnings would prove resilient.
gains 1.2 percent, while HDFC Bank. *Pharmaceutical stocks such as Cipla. *Cipla gains 1.5 percent while Lupin.
gains 0.51 percent, while the 50- share NSE index is up 0.48 percent. *Asian shares rise on Tuesday but were capped by concerns over global growth prospects, especially in the world's second-biggest economy China and expected weak U.S. corporate earnings. gains 1.4 percent, while HDFC Bank.
While the Indian stock market lost about 14 percent this year, you’re still looking at an “excellent” growth story, according to Ron Shah, managing partner at Jina Ventures.
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Indian stocks have been sliding since the New Year amid inflation fears but there are still places where investors can get in, said Ron Shah, managing partner at Jina Ventures.
With President Obama visiting the Subcontinent, Ron Shah of Jina Ventures recommends playing these Indian companies in the long-term.
The Lightning Round is extended in this CNBC.com exclusive feature.
Peter Kenny, managing director of Knight Equities, and Charles Campbell, senior sales trader at Miller Tabak, weighed in on the best places to invest now.
Indian stocks that trade in the U.S. are up double digits as stock trading in India was halted for the first time because of a surge in stock prices on the big election victory for Prime Minister Singh's Congress Party.