Infosys Technologies, India's IT services major got a major reprieve on Monday, as an Alabama judge dismissed a whistleblower harassment case against it, but second similar case and criminal probe on Visa fraud against the company remains.
Coventry Health Care, Barclays Plc, Facebook, Apple Inc, Infosys, Waste Management and Deutsche Bank AG are among the companies whose shares are moving in the pre-market trading Monday.
The trial in the whistleblower case involving Infosys and one of its employees in the U.S. has been postponed from August 20 to September 17.
Most of the Asian markets rose Tuesday amid hopes that the Bank of Japan will soon announce stimulus measures to regain the economic growth momentum.
Another employee of Infosys, India's leading IT player, has filed a lawsuit against the company, alleging harassment for his role in bringing to light the visa and fraud issue.
Most of the Asian markets rose Wednesday as investor confidence continued to be lifted by hopes that the European Central Bank will take actions to reduce the debt pressure faced by Spain and Italy.
Cognizant Technologies Solutions Monday raced ahead of India's IT bellwether Infosys as the second largest IT company. New Jersey-based Cognizant beat Infosys in terms of the quarterly revenues in the first quarter of the financial year 2012-13.
Most of the Asian markets rose Tuesday as investor sentiment turned positive amid hopes that Germany will step up measures to alleviate the debt burden lingering over the euro zone.
Linkedin Corp, Deutsche Bank AG, Facebook Inc, Banco Santander, Rosetta Genomics, Molycorp Inc, Infosys, Knight Capital Group and Silvercorp Metals Inc are among the companies whose shares are moving in pre-market trading Friday.
The whistleblower case between Infosys, India's second largest IT services exporter, and one of its employees in the U.S. would go to trial next month as a mediation conference Tuesday fell through.
Baidu.com, Goodyear Tire & Rubber, NXP Semiconductors, Telecom Italia, Elan Corp, Infosys Ltd, Banco Santander and Barclays Plc. are among the companies whose shares are moving in pre-market trading Tuesday.
Most Asian markets fell Tuesday as investor sentiment was dragged down by the continuing concerns over the debt burden lingering over the euro zone.
Mellanox Technologies, Asset Acceptance Capital, Bank of America, Infosys, Credit Suisse Group, Pluristem Therapeutics, Yum! Brands, Deutsche Bank and Perrigo Co are among the companies whose shares are moving in pre-market trading Thursday.
Dean Foods, Sprint Nextel, Yahoo, Barclays, France Telecom, Alcatel Lucent, Infosys and Sony Corp. are among the companies whose shares are moving in pre-market trading Tuesday.
Infosys Ltd, BT Group, AFLAC, Freeport-McMoRan, Kinder Morgan, Ampio Pharmaceuticals, Logitech International and Two Harbors Investment Corp. are among the companies whose shares are moving in pre-market trading Friday.
Tata Consultancy Services (TCS), India's top IT exporter, exceeded the market expectations in the First quarter of the Financial year 2012, by posting strong earnings and affirmed its position as the bellwether of India's IT industry.
Spelling more trouble for India's second largest IT exporter Infosys, Barclays Capital cut its ratings for the company's shares to equal weight from overweight, citing disappointing first quarter earnings.
India's industrial output growth rose in May to 2.4 percent, exceeding analysts' expectation of 1.8 percent and as compared to a dismal growth of 0.1 percent registered in April.
Infosys Technologies Ltd, India's second largest software services firm, Thursday reported 33 percent rise in net profit for the first fiscal quarter ending June 31, 2012, supported by the appreciation and depreciation of the rupee, and met analysts' expectations.
Most Asian markets fell Thursday as investor worries about worsening global economic downturn strengthened following unanticipated interest rate cut in South Korea.
Ford Motor Company, Ellie Mae Inc, Infosys Ltd, ArcelorMittal, Banco Santander S.A., Nokia Corporation and Deutsche Bank AG are among the companies whose shares are moving in pre-market trading Monday.
Asian markets fell Friday as central bank measures in Europe and China could not allay investor concerns about the intensifying debt crisis looming over the euro zone and the worsening global economic downturn.
