Forecast of single digit growth this financial year worries analysts, as other firms have provided better outlook.
The 50-issue index regained the 7,800-level for the second time this month by surging 41.35 points, or 0.53 per cent, to trade at an all-time high of 7,809.20, surpassing its previous intra-day high of 7,808.85 touched on July 8.
Infosys Ltd, India's No. 2 IT services exporter, forecast lower revenue growth than analysts had expected for this fiscal year, citing a challenging global economy, sending its shares tumbling nearly 18 percent.
The product will enalble Japanese companies to jumpstart their business operations in India in a short time.
It will charge for results instead of basing fees on the time and labour.
Infosys Ltd forecast full-year sales growth that missed analyst expectations by a margin of up to 50 percent, dimming investor hopes that India's No.2 software services firm will soon start reaping the benefits of its strategic revamp.
The software services provider looks to cut costs and boost sales.
Consolidated net profit for the fiscal fourth quarter ended March 31 was Rs 2,390 crore.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
The company has launched aggressive recruitment programmes overseas, a top official said.
The share price of Infosys Ltd came under pressure on Wednesday as global equity research firm CLSA said its stock could fall 40% from the current levels in 12 months.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Infosys Ltd will set up a new campus at Technocity here, estimated to cost Rs 600 crore (Rs 6 billion), providing a boost to the IT sector in the state.
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We have to speed up our responses to the critical areas that we have, he says.
India's second largest software exporter Infosys Ltd is eyeing big opportunities in cloud computing but advocates that there is need to put in place a policy framework for the same.
The company plans to strengthen consulting capability in addressing the needs for the next phase of growth.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Because of the failure of the UPA era (2004-14), we will add another 10 crore by 2025...total 20 crore in the 21-45 age group with low skills, low education.'
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
Aftek Infosys Ltd said allotted 39,99,300 equity shares of Rs 10 each. The paid up share capital of the company increased to Rs 10 crore from Rs 6 crore.
Infosys pointed out that it is not uncommon for plaintiffs' lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
Palmer had previously tried to take Infosys to court, but his earlier case was dismissed .
It, however, is yet to decide on the annual wage rise.
IT solutions provider Aftek Infosys Ltd said it has acquired 49 per cent stake in Munich-based Arexera Information Technologies Gmbh for Euro 8.86 million.
Investments by Indian corporates in IT have not risen in two years, with 40% of proposed projects being cancelled, says Infosys Chairman N R Narayana Murthy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
IT major Infosys Ltd on Wednesday maintained that its performance in the first quarter ending June 30, 2005 will be flat while it is acquiring new clients at better prices.
In a bid to tap the growing information technology market in Germany, Aftek Infosys Ltd, will participate in Systems 2003, a major international fair for IT and telecommunications, to be held in Munich from October 20 to 24.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Mumbai-based Aftek Infosys Ltd and 3G Tel of UK have decided to set up a new firm, Aftek 3G Tel, to develop software products and services in the 3G environment for the UK-based clients.
Mumbai-based IT products and services firm Aftek Infosys Ltd said on Thursday that it has entered into a joint venture with UK-based IT firm in the wireless and mobile area.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The rupee had rebounded 15 paise to close at two-week high of 61.77 against the dollar at the Interbank Foreign Exchange on Friday.
To attract people from tier-1 colleges IT services companies must increase payment to freshers: Mohandas Pai.
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Quarterly revenue from Europe rose 35 per cent, the strongest growth since the company started breaking out revenue by region two years ago.
This is a culmination of the joint investigation carried out by the Department of Justice and the Department of Homeland Security.
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