Sreeja VN

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Sreeja VN

India's IIP Declines In November; Analysts Expect Rate Cuts

India's industrial output in November unexpectedly dropped by 0.1 percent to 8.2 percent from the revised growth rate of 8.3 percent recorded in October, the official data released Thursday showed. A Reuters poll of analysts had predicted 0.7 percent growth rate.

Infosys Q3 Profit Beats Market Expectations; Shares Gain 15%

Infosys Technologies Ltd (NYSE:INFY), India's second largest software services firm, reported Friday a better-than-expected net income after tax of $434 million for the quarter ended Dec. 31, 2012 against $431 million for the quarter ended Sept. 30, 2012.

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