From the Sensex basket, Sun Pharma, Maruti, IndusInd Bank, Titan, ITC, Tata Motors, Larsen & Toubro and JSW Steel were the major gainers. On the other hand, Infosys, Wipro, HCL Technologies, Tata Consultancy Services, Tech Mahindra and Bajaj Finserv were among the laggards.
A few analysts were surprised by the revenue growth of 3.8 per cent; many had expected revenue growth to be 2.5-2.7 per cent.
Adani Ports, NTPC, Infosys, Hindustan Unilever, HCL Technologies and Sun Pharma were among the other big gainers. However, Larsen & Toubro, Bajaj Finance, State Bank of India, Axis Bank and HDFC Bank were amonh the major laggards.
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry. The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing. Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players' growth may range between 0.7 per cent and 4 per cent.
'These are the two core skill sets that are required for any job, in any profession.'
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
From the Sensex basket, Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen & Toubro and NTPC were the major laggards. Tata Steel, Bajaj Finance, JSW Steel and Bharti Airtel were among the gainers.
'If you see another 1000-point correction, people may start panicking.'
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
Foreign institutional investors (FIIs)' stake in Infosys is nearing historic highs. During the quarter ended September, they bought 6.38 million Infosys shares for Rs 2,236 crore, raising their stake 1.1 per cent, data show.
There were no evidence of any kickbacks, inappropriate contracting or unreasonable expenses
'To those who have just finished engineering or MCA or BSc, BBA, I will say they should take up whatever internship opportunities they are getting.' 'They should look for opportunities to learn the latest tools.' 'They should think innovative and try to solve problems. Only when you sharpen your skills, you will remain relevant.'
Since a week ago, better-than-expected results from Infosys Limited, Tata Consultancy Services Limited and HCL Technologies Limited sparked a 13 per cent rally in the sector subindex that grinded to a halt on Friday.
"Police have foiled a conspiracy to attack the airport and Infosys," Chief Minister H D Kumarawamy said.
Infosys Technologies Limited has acquired 87,50,000 equity shares, 23 per cent on a fully diluted basis, of its BPO subsidiary Progeon Limited from Citicorp International Finance Corporation for Rs 530 crore (Rs 5.3 billion).
In a settlement, Infosys agreed to pay $34 million to resolve all allegations.
Mutual funds are loading up on information technology (IT) stocks on improved valuations and low downside risk after a double-digit correction in top companies like Infosys and Wipro. IT stocks were MFs' top sectoral buys in April when they invested a net of Rs 2,100 crore. In the first four months of 2023, the net investments in IT amounted to Rs 9,500 crore, shows an analysis by ICICI Securities.
Infosys Technologies Limited, the Bangalore-based consulting, IT services and business process management company, is leveraging its human resource (HR) development strategies to bring new business into its fold, said company's chief executive officer and managing director S Gopalakrishnan (Kris).
Infosys, which is managing MCA21, has been facing flak from different quarters on the woes pertaining to the portal.
Ranganath has held several leadership positions.
Even as Srini Pallia, a Wipro veteran, is set to take charge as the chief executive officer (CEO) of the company, analysts expect the stock's underperformance to continue in the near-future. This, they believe, will be on the back of likely loss of market share, and difficult business environment. "We expect Wipro to underperform peers on growth once again in FY25 as channel checks and media reports suggest Wipro is losing share with select clients across multiple verticals.
Some analysts believe underperformance of the TCS stock may continue.
Restricted stock units can be an effective tool to curb employee attrition and retain key talent
A US prosecutor who successfully investigated a precedent-setting work visa fraud case against Infosys, resulting in the Indian IT giant paying a whopping $34 million in fine, has been recognised by Secretary of Homeland Security Jeh Charles Johnson for his work.
Using its global delivery model for implementation of its many relationships within the financial services market, Infosys was now the fastest growing TSP to the industry.
This is the highest cover offered by any insurance company, under any single employer-employee group life insurance policy in India, Thomas Mathew T, managing director, LIC, told media. The policy between Infosys and LIC was initated in 2002 with a uniform cover of Rs 10 lakh (Rs 1 million) per employee covering 12,000 employes for a total sum of Rs 1791 crore (Rs 17.91 billion).
Infosys, the nation's second largest software exporter, on Wednesday paid a record $34 million fine to settle a visa row in the US.
The audited consolidated financial results of the company and its subsidiaries as per Indian GAAP would also be\nconsidered at the board meeting.
From the Sensex pack, Tata Steel, IndusInd Bank, Infosys, UltraTech Cement, NTPC, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, ICICI Bank and Maruti were among the major winners. Titan, Nestle, Larsen & Toubro, Axis Bank, ITC and Asian Paints were among the major laggards.
Even after this sale, the founder group will continue to have a substantial shareholding in the company.
The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
Infosys Technologies Limited, a world leader in consulting and information technology services, will announce results for its third quarter ended December 31, 2005, on January 11
As part of its plan to expand its operations in Chennai, IT major Infosys will acquire 129 acres of land at the Mahindra Industrial Park Limited at suburban Maraimalai Nagar, thus becoming the first 'anchor tenant' to the 1432-acre park.
Company says faults, which were noticed soon after system upgrade on March 27, have been rectified
Banks, the biggest component of the Indian equity market, are now trading at a big discount to the benchmark indicesThe BSE Bankex index, which tracks the share price of the 10 top listed banks, is trading at a trailing price to earnings (P/E) multiple of 15.3X, nearly a 40 per cent discount to the BSE Sensex current P/E of 24.37X. This is the biggest valuation gap between the two indices in at least 10 years. Similarly, the BSE Bankex price to book ratio (P/B) of 2.22X is 40 per cent lower than the current Sensex P/B ratio of 3.61X.
Country's second largest IT firm Infosys has crossed the $2 billion revenue mark in Europe for the first time, driven by strong demand for consulting and system integration (CSI) services.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
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