Mumbai / Bloomberg Infosys Ltd. surged the most in nine months to a record in Mumbai after forecasting better-than expected sales growth, as India’s second largest software exporter captures new contracts for information technology services. Shares climbed as much as 8.1 percent to a lifetime high of 1,267.90 rupees as of 10.42 a.m., marking its biggest gain since July ...

  New Delhi / Bloomberg The rains are coming, and that’s luring the world to Indian bonds. Overseas holdings of rupee-denominated government and corporate notes rose by 17.4 billion rupees ($261 million) in the holiday-shortened week ended April 13, the most since the period ended March 25, data from National Securities and Depository Ltd. show. The weather department on Tuesday ...

  Seoul / AFP Ratings agency Moody’s on Monday downgraded its outlook for South Korea’s banking system from stable to negative, predicting a deterioration in creditworthiness over the next year. “While our previous stable outlook had anticipated some weakening of profitability and pressure on asset quality, the operating environment for banks is deteriorating amid Korea’s diminished growth outlook and ongoing corporate ...