TCS and Infosys, which are both debt-free, will benefit from the weakening of the rupee because most of their revenue is in US dollars, says Moody’s.

Indian benchmark indices opened higher on Friday, extending gains to day three this week, as Nifty Bank, auto, FMCG and IT sectors led the morning trade. In early trade, Nifty rose 0.31 per cent to 23 ...