Page 31 - Infosys

Sensex drops 888pts, Nifty below 19,750; Infy sinks 8%, HUL, RIL up to 3.5%

Closing Bell on July 21, 2023: The benchmarks snapped their 6-day winning run. Among sectoral indices, the Nifty IT index shed 4 per cent, followed by the Nifty FMCG index (down 1 per cent)

Bears crush Nifty's 20,000-mark dream, send Sensex 888 pts down; here's why

The S&P BSE Sensex crashed over 1,000 points to hit day's low of 66,534 levels, while Nifty50 crashed 279 points to day's low of 19,700 levels

More downside seen in Infosys earnings estimate; stock to derate: Analysts

Infosys Q1 result review: Brokerages have unanimously reduced FY24 EPS estimates for the company in the range of 2-4 per cent, though the Street is likely fearing even further downside, they say

Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF

Stocks to watch on July 21, 2023: From Reliance Industries to Infosys, check out the top stocks to watch in Friday's trading session

Infosys cuts FY24 outlook to 1-3.5%; Q1 net profit up 11% to Rs 5,945 cr

Operating margins 'resilient in uncertain macro environment', says company

Markets end at record closing highs; Sensex tops 67,500, Nifty nears 20,000

Closing Bell on July 20: The market discovered price of Jio Financial Services as Rs 261.85 per share, much higher than estimates

Infosys Q1FY24 result: Net profit up 10.9% to Rs 5,945 cr; attrition falls

The operating margin for the quarter was stable at 20.8%. Its attrition declined to 17.3% during the quarter

Stocks to watch: RIL, HUL, Infosys, Bank of Maha, L&T Finance, Tata Coffee

Stocks to watch on July 20, 2023: From Reliance Industries to Hindustan Unilever, check out the top stocks to watch in Thursday's trading session

Infosys may beat peers on Q1 profit growth; risk to revenue guidance eyed

Infosys may post a net profit of Rs 6,245 crore for Q1, up 2 per cent sequentially, much better than the 3-11 per cent QoQ slide in net profits of TCS, HCL Tech and Wipro

Intelligence just got real: IT companies hard-pivot to Generative AI

The company, which will announce its results on July 20, clarified that it was a closure of an old deal. It, however, refrained from disclosing the name of the client

Infosys surges 4% on signing a 5-year AI deal with $2 billion target spend

Infosys was trading at its highest level since March 2023. In the past four trading days, the stock has rallied 11 per cent after sector major TCS and HCL Tech released their Q1FY24 results

IT companies to focus on fixed price projects to improve margins: Report

Fixed price projects allow companies to control the cost better and also to introduce automation in the projects

Infosys signs 5-year AI deal worth nearly $2 bn with existing client

In May, Infosys launched Topaz, a comprehensive suite of services, solutions, and platforms that harness the power of generative AI technologies

Infosys, HCLTech put off pay hikes for employees; TCS bucks trend

Infosys typically rolls out hikes for its senior management in July, but so far, they have not received any communication on the matter, the report said

Infosys' US arm expands to Canada, opens 10,000-sq ft digital centre

IT company Infosys on Thursday said it has set up a new subsidiary in Canada under its US arm Infosys Public Services. Headquartered in Ottawa, Infosys Public Services Canada will span over 10,000 square feet. "Infosys Public Services (IPS), a North America-based company of Infosys, today announced the opening of its new subsidiary, Infosys Public Services Canada, Inc headquartered in Ottawa, Ontario with local offices in Mississauga ON, Calgary AB, and Burnaby BC," the company said in a statement. The expansion follows a series of Infosys' investments in the Canada. IPS Canada aims to work with local universities and technical colleges to recruit talent, it added. "This IPS Canada announcement is the latest development in a series of investments made by Infosys which has expanded the employee count to over 7,000 with a commitment to increase to 8,000 employees by 2024," the statement said. IPS Canada will help modernize public sector service delivery for new and existing federal

Infy, Coforge: Breakout in IT index may assist stocks to soar up to 10%

While index requires to scale major hurdles, the aggressive rally towards those has triggered positive upside in IT stocks.

Large cost-optimisation deals returning for top Indian IT companies

In recent months both TCS and Infosys announced bagging mega deals

Infosys placing emphasis on upskilling employees: Nandan Nilekani

Nandan Nilekani said that Infosys spares no effort in giving its employees opportunities to upskill and improve

Infosys sharpens focus on generative AI, open to acquisitions: Parekh

"We are looking more carefully at the future of acquisitions," said Parekh

AI-first strategy working for Infosys despite unresolved issues: Nilekani

Artificial Intelligence-first business strategy adopted by Infosys is working well for the company despite unresolved ethical and IPR issues around the technology, Infosys Chairman Nandan Nilekani said on Wednesday. In his address at Infosys' 42nd Annual General Meeting, Nilekani said the company can be more efficient while nurturing readiness for growth, given its performance in challenging scenarios created by inflation, interest rates, geopolitics, demand volatility and supply chain dislocations. "Several practical, ethical and intellectual property-related issues, when it comes to AI remain unresolved. We also know that the motto of scaling AI in the enterprise is far from simple. And yet, the AI-first strategy we're embracing already working for us," Nilekani said. He said that the board has approved a dividend of Rs 17.5 per share, taking the total to Rs 34 per share. "The company has returned approximately 86 per cent of free cash flow to shareholders over four years startin