India's second-largest IT services exporter has agreed to pay $34 million in a civil settlement with U.S. authorities investigating its use of visas.
India's Infosys said it was in the process of reaching a settlement with the U.S. over the company's alleged misuse of temporary business visas.
Ankur Rudra, Vice-President of Ambit Capital tells CNBC's Cash Flow that Wipro's rally is short-lived and advises investors to short the stock.
Retail banks care becoming increasingly concerned about being left behind by trends in social networking and mobile computing, according to a survey of the industry.
S.D. Shibulal, CEO of Infosys, comments on the lawsuit in the U.S., the group's growth prospect as the U.S. is gaining momentum and Europe is showing "signs of early improvements".
Infosys posted quarterly profit that missed analyst estimates on a charge related to visa, but raised its fiscal year revenue guidance.
Stocks have had a run of bad days as investors worry about the effects of Fed tapering, which could start as soon as September. But some experts say the markets have it all wrong.
This earnings season IT outsourcing firms have posted surprisingly upbeat earnings, a sign tech spending by U.S. corporations is slowly coming back, said analysts.
India's new exurban planned communities could be part of a solution to large-scale municipal failings, or the greatest mass fleeing from impoverished cities in the 21st century.
For all the worries among investors and policymakers over the rupee's sudden plunge to record lows, the Indian economy may now be in better shape to handle a depreciation.
We have a stacked day of earnings coming up on Thursday with Nokia, Google, IBM and Microsoft all reporting.
Next week is a big week for the earnings. CNBC's Jon Fortt gives a rundown on what to expect from tech companies.
Some of the names on the move ahead of the open.
Infosys, India's No. 2 IT services exporter, forecast lower revenue growth than analysts had expected for this fiscal year, citing a challenging global economy.
India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the entry-level computer coders they normally hire.
Kris Gopalakrishnan co-chairman of Infosys, says macroeconomic prospects are better this year because there is less chance of the euro zone disintegrating, among other reasons.
Stock-pickers betting on an Indian economic rebound may be disappointed by upcoming earnings reports from domestically focused companies, as consumer demand and infrastructure output remain weak and high inflation persists.
The battle for emerging market growth is turning into a cutthroat competition between established multinational companies and a new generation of rivals.
India's No.3 software services provider Wipro posted an 18 percent gain in quarterly profit, joining bigger rivals Tata Consultancy Services and Infosys in reporting better-than-expected earnings.
Take a look at some of Friday's midday movers: