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Indian ADRs: Tata Motors, ICICI Bank, HDFC Bank, Wipro, Satyam, Infosys, Dr Reddys and Patni gained, while MTNL slipped.

Indian GDRs: Gail gained 11.90% at USD 23.50, LT was up 9.30% at USD 15.16, RIL rose 8.58% at USD 46.34, SBI advanced 8.33% at USD 46.80, Tata Motors rose 5.61% at USD 4.33, Mahindra gained 4.44% at USD 4.70, while Satyam fell 6.96% at USD 11.76 and Infosys plunged 5.45% at USD 22.89.

The country’s second largest IT services company Infosys Technologies said on Thursday that the growth rate of overall Indian IT and ITES sector may slow down to about 15 per cent this fiscal, compared with about 30 per cent notched during the previous year.

Indian ADRs: Satyam, Wipro, Infosys, Patni, MTNL and HDFC Bank plunged, while Tata Motors, Sterlite, Dr Reddys and Tata Comm was up.

New Delhi, Dec. 4 The country’s second largest IT services company Infosys Technologies said on Thursday that the growth rate of overall Indian IT and ITES sector may slow down to about 15 per cent this fiscal, compared with about 30 per

India’s Infosys Technologies Ltd CEO said he saw the technology sector growing 15 per cent in 2008/09, its chief executive said.

Prabhudas Lilladher expects Infosys Technologies to perform better than most other players in the industry.

India’s second largest software services firm however has no plans to cut jobs and is sticking with its third quarter outlook. Job Switch: How to make smooth transition

S Gopalakrishnan: Infosys would hire the 25,000 people it has targeted for this year, but there would be no fresh recruitments

The country’s second largest software exporter Infosys Technologies on Thursday said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.