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Facebook executives on Thursday fielded questions from an Indian parliamentary panel about changes to WhatsApp's privacy policy, days after the country's technology ministry asked the messaging... | February 5, 2021
Indian shares ended slightly lower on Thursday, as gains in telecom operator Bharti Airtel and lender Axis Bank were offset by losses in IT services stocks, a day before IT major Tata Consultancy Services kicks off third-quarter earnings season.
Indian shares were boosted by mortgage lender HDFC and financial stocks on Thursday, extending a new year rally that has been powered by domestic vaccine approvals and a surge in foreign fund inflows.
IT services stocks drove Indian markets to a record high in the first trading session of 2021, as continued foreign fund inflows and expectations of imminent COVID-19 vaccine roll-outs kept investors bullish.
(Adds quote, context on IPOs) BENGALURU, Dec 24 (Reuters) - Shares in Indian biscuit maker Mrs Bectors more than doubled in their stock market listing on Thursday, the latest company to cash in on a rally fuelled by an improving economic outlook and record inflows from foreign money managers. The initial public offering (IPO) was nearly 200 times oversubscribed and comes as India’s main stock indexes have climbed 17% since the start of November on signs of a faster recovery from the coronavirus-induced slump and positive news around COVID-19 vaccines. “India’s story is getting strength ...