The start-up mentors debated if they could drive the price further down, but feared an even lower price would raise doubts about its quality, as was the case with the Tata Nano, reports Amrita Singh.
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
'The industry growth in 2016< came from the new digital technology segment which grew at over 20%.' 'The challenge for the industry is that the legacy business makes up almost 80% of revenue.' 'Hence the urgency to transform into digital business.'
Infosys forecast a 10.8-12.3 per cent sales growth in the US dollar terms for 2016-17.
The buyback, if successful, will surpass RIL's 2012 share repurchase of Rs 10,400 cr
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The share buyback -- which will be the first in the company's 36-year history -- has been a long-standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
IT stocks have dropped about 3 per cent in the days since the Donald Trump administration took first steps toward visa reform and all of India's highest-profile technology tycoons have seen their net worth eroded. Saritha Rai reports.
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The catchwords today are digital, analytics, robotics.
IT sector replaces auto sector after a 6-month gap.
Will Infy spring a surprise in subdued second quarter?
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
IT stocks on Wednesday rose as much as 3 per cent in an otherwise weak stock market after sentiments turned buoyant amid the rupee sinking to an all-time low of 60.35 against the dollar, as the stronger US currency boosts the sales of software firms in rupee terms.
Infosys, Wipro may follow suit as investors eye a piece of the large cash kitty as growth slows.
The 2019 list shows a 37 per cent jump in brand value for the Tata group, to $19.55 billion for 2019, the highest in the top 25.
The company seeks floor area ratio of 3, against the permitted 2, from Uttar Pradesh.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Infosys management has guided for a seven per cent growth in FY15.
TCS created wealth worth Rs 3,458 billion for the period 2010-15.
Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
Tata Consultancy Services scrip ended the day 4.27 per cent higher at Rs 2,214.65 apiece on the BSE.
Leveraging next generation technologies like artificial intelligence, software services major Infosys is confident of returning to industry-leading growth and regaining its position as the bellwether of the over $100 billion Indian IT industry.
IT stocks attracted robust demand on Monday, rising by as much as over 2 per cent, on hopes that the rupee's weakness will boost dollar revenues of the software firms.
Infosys announced acquisition of digital commerce company Kallidus for $120 million.
Faced with a spate of senior-level exits, Infosys co-founder N R Narayana Murthy has written to employees to reassure them that the "leadership changes" will be in the "best interest" of the company.
IT sector has lots of hope from the Union Budget 2014-15.
'It is not that the H1B visa employees are coming in to displace jobs.'
Infosys, in April, had said that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback.
Software services industry may have to relook its cost structure to maintain a higher margin.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Donation to go to Sarojini Damodaran Foundation and Advaith Foundation
Mid-sized IT firms have stepped up hiring in the current fiscal year, adding more than half as many employees in the first quarter of FY19 as compared to the whole of the previous financial year. This momentum is likely to continue for the rest of 2018-19 (FY19) as well.
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