Re rises 15 paise at 65.49 against US dollar

Mumbai
Snapping its two-day losing streak, the rupee recovered by 15 paise at 65.49 against the US dollar on Wednesday on fresh selling of the American currency by banks and exporters despite a higher greenback in overseas markets. PTI

Advertisement

New York
Cognizant Q3 profit grows 12% at $397m

Driven by growth in healthcare division, IT services major Cognizant Technology on Wednesday reported 11.69% increase in its consolidated net income at $397.2 million for the quarter ended September 30, 2015. PTI

Mumbai
Tata Motors’ shares jump 6%; mcap rises Rs 6,128 cr

Shares of Tata Motors on Wednesday surged 6%, adding Rs 6,128 crore to its market valuation, amid reports that the sales of Jaguar Land Rover (JLR) in the US rose in October. The stock ended the day with a gain of 6.02% at Rs 405.05 on the BSE. PTI

New Delhi
DLF’s debt rises by over Rs 900 cr to Rs 22,520 cr

India’s largest realty firm DLF’s net debt has increased by Rs 922 crore during the quarter ended September to Rs 22,520 crore. Of the total net debt, the one attributable to its rental business (RentCo) was Rs 14,300 crore and the rest Rs 8,220 crore pertained to development arm (DevCo), it said. PTI

Mumbai
RCom to set up four data centres in India 

Reliance Communications (RCom) and its subsidiary Global Cloud Xchange (GCX) would invest $80 million (around Rs 500 crore) to set up four data centres in India over the next 12 months. This is part of the company’s major expansion of its cloud platform, where it sees significant business opportunity. PTI