Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
After his retirement from Infosys last year, Gopalakrishnan has been active in philanthropy, science and technology
One of the reasons is the increasing number of upgrades in analysts' recommendations.
Will Infy spring a surprise in subdued second quarter?
From the Sensex pack, Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Larsen & Toubro, Infosys, Asian Paints, Titan, Tech Mahindra, Power Grid and Reliance Industries were the major gainers. Bajaj Finance, Axis Bank, HCL Technologies, State Bank of India, HDFC, HDFC Bank, ICICI Bank and Bajaj Finserv were among the laggard from the 30-share pack.
The report said recent concerns about manpower like attrition, quality of talent and rising wages, have compelled IT companies to take a relook at their so far successful offshore business model more than ever before.
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
Gives more reporting options to staffers who wish to flag a wrong practice; sequel to changes required from US law, experience.
Over 100 people, including 20 senior consultants and at least six VPs, have quit Infosys in 6 months.
These jobs are not being cut and that the employees will be reallocated to other projects
Equity benchmark indices Sensex and Nifty hit their all-time high levels on Friday helped by impressive GDP data and fresh foreign fund inflows. Also, a rally in global markets added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 1,139.04 points to 73,639.34 -- its all-time peak -- in the late afternoon trade.
Despite a shrinking market share and declining profitability, Murthy's return helped Infosys get a double thumbs-up from investors.
Oil companies, cement makers, IT stocks lead declines.
As many as 13 RRBs have finished implementing Finacle CBS solution for their operations.
Software major Infosys on Thursday said it would spend A$ 800,000 over four years in Australia's Smart Internet Technology Cooperative Research Centre (Smart Internet) for conducting research and development in emerging technology areas.
Uber Chief Executive Officer (CEO) Dara Khosrowshahi sees India as one of the toughest markets and a standard to succeed in any other part of the world. One of the biggest challenges for the ride-hailing firm, according to Khosrowshahi, is the expectation of Indian consumers for more services at lower spending. "India is one of the toughest markets out there.
We have initiated the search now to ensure we have a seamless management transition to the next leader, says K V Kamath.
With employees as brand ambassadors, can the company get the grime off its image?
The fresh meat and seafood delivery startup Licious plans to set up 500 stores nationwide within the next five years as part of an omnichannel strategy. The aim is to attract new users in the offline channel and encourage them to transact online as well. The move would also help the company in its efforts to achieve profitability and go for an initial public offering (IPO) in the next 24 months, according to the sources.
Infosys has has the highest proportion of non-independent directors on its board.
Sikka has influenced the company to break away from the old mould in more ways than one.
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
Infosys to open first overseas campus in China
Vishal Sikka's may be a formidable name in the global technology segment, but he isn't your average geek who has time only for technology labs and technical journals.
Last year in the same quarter, Cognizant had toppled Wipro as the third largest software exporter in India.
Infosys has signed a deal with Fujitsu to provide co-development and functionality enhancement services to the Fujitsu suite of software products.
Infosys has a new M&A head to enhance trust on inorganic growth.
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.
A 700-750 pence per share final price for Axon ($900-910 million) cannot be ruled out by the time the bidding war ends, say CLSA analysts. However, regardless of whoever wins this largest overseas acquisition, Emkay Global Financial Services analysts opine that Axon could well prove to be a winner's curse since a long-drawn bidding war might tell on the bottom lines of both firms.
Parekh in a video address to employees expressed delight on leading the iconic company
Among the Sensex firms, Wipro, HCL Technologies, NTPC, Reliance Industries, Infosys, IndusInd Bank, Tech Mahindra and Tata Consultancy Services were the major laggards. IT stocks fell on profit-taking after rallying sharply in the past two sessions. Tata Steel, Titan, Maruti, Larsen & Toubro, ITC and JSW Steel were among the gainers.
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.
Sources said the spin-off, a joint venture company, was yet to be named.
Possibility of higher growth and relatively cheaper valuations makes Street more positive on Infosys, says Sheetal Agarwal.
HCL Technologies was the biggest gainer in the Sensex pack, rising 5.58 per cent, followed by Tata Consultancy Services and Infosys, State Bank of India, Tech Mahindra, Tata Steel, NTPC and Wipro. In contrast, Nestle, Bharti Airtel, Maruti and ITC were among the laggards.
The US had initiated investigation against Infosys and its larger rival Tata Consultancy Services (TCS) for possible violations of H-1B visa rules in June.
Information Technology major Infosys on Tuesday signed an agreement with Australian company Smart Internet Technology CRC to partner in research and development projects.
Infosys, the country's second largest information technology services company, expanded its Executive Council (EC) on Thursday, with the induction of 12 new members.
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