Best BRIC Stock Rally Since 1997 Seen Doomed as Rates Rise

Best BRIC Stock Rally Since 1997 Seen Doomed as Rates Rise

Namas Bhojani/Bloomberg

Shares of Infosys Technologies Ltd., India’s second-biggest software exporter, posted the biggest drop in almost two years on April 15 after the Bangalore-based company predicted higher salaries will erode profitability.