WIPRO

Asian markets fell Friday amid increasing concerns over the slowdown in economic growth in China as the country's manufacturing activity grew at a slower pace in May compared to the previous month.

Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened in red in the morning session Wednesday, weighed down by a slump in the shares of Tata Motors. The choppy trading continued with India's largest automaker being the top loser in the BSE with a 9.03 percent or 24.80 points decline.

EBay Incorporated (NASDAQ: EBAY) will open a new software development center in Bangalore, India which will employ as many as 1,000 engineers to support its eBay Marketplaces and PayPal products, the company announced Tuesday.

Cognizant Technology Solutions Corp has lowered its full-year forecast due to a slowdown in demand for IT outsourcing.

India will file a formal complaint with the World Trade Organization against the US over its visa policy, which India says is discriminatory to Indian companies, the Wall Street Journal has reported quoting a Ministry of Commerce official.

Indian stock markets gained Friday as shares of ICICI Bank and Axis Bank rallied ahead on expectations of good quarter four earnings.

Asian stock markets ended mixed Wednesday as market participants awaited the Fed meeting outcome for any hint at monetary easing.

Wipro, India's third largest information technology services provider, reported 7.7 percent rise in profit in the quarter ending March 31, but forecast slower growth in the next quarter with the global economy continuing to be weak.

A sessions court in Pune Tuesday sentenced two men to death for the rape and murder of a 22-year-old BPO employee in the city.

Forbes released Wednesday its annual list of the richest people in the world for 2012. Out of the 1,226 billionaires who made it to the list, 48 people came from India alone.

Mukesh Ambani retained the top spot among Indians on Forbes' annual list of the world's billionaires on Wednesday with a net worth of $22.3 billion. He is the richest Indian.

The BSE Sensex edged 0.14 percent higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home. Hopes of Greek austerity deal boosted the market.

The BSE Sensex dropped 0.4 percent on Thursday on concerns about earnings outlook and investors took profits after the main index rallied 15 percent over the past five weeks.

The BSE Sensex ended 0.5 percent higher on Wednesday, helped by a rally in software stocks including Tata Consultancy Services (TCS.NS) and Infosys Technologies (INFY.NS) and gains in index heavyweight Reliance Industries.

Indian stock markets opened on a positive note and continued to trade in the green on Wednesday supported by a bit of positive Asian cues, in spite of the uncertainty surrounding the Greek debt deal.

The BSE Sensex rose 0.57 percent on Friday to its highest close in six weeks, as appetite was bolstered by strong results from software services exporter Wipro (WIPR.NS) and the country's No. 3 private lender Axis Bank (AXBK.NS).

The BSE Sensex Thursday gained 2.70 percent on hopes for a surge in foreign fund inflows after the world's six major central banks moved to tame a liquidity crunch for European banks.2

India has the highest percentage share of family businesses in Asia, accounting for 67 percent of total listed companies with market capitalisation of more than $50 million.

The BSE Sensex fell 0.4 percent on Monday as investors turned cautious after four straight sessions of gains, amid weak sentiment in Asian markets, with automakers among the key losers after Maruti Suzuki posted a sharp fall in quarterly profit.

The BSE Sensex fell more than 1.5 percent on Tuesday, dragged down by IT stocks after Tata Consultancy Services reported lower-than-expected quarterly earnings and said the outlook for pricing was tough.

India's software services companies are set to report strong revenue growth when they kick off their quarterly earnings next week. However, a slowing U.S. economy and the debt crisis in Europe may crimp orders.