Search Results for: Infosys

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Sensex climbs 200 points, Nifty reaches 11,400 as banking stocks rise

Both the Sensex and Nifty50 hit their all-time highs of 37,801.78 points and 11,427.00 points respectively.

Aug 6, 2018

Who is Akshay Venkatesh? Indian-origin professor wins the Fields Medal

The Stanford University professor is the second Indian to win the coveted Fields Medal, akin to the Nobel Prize in the field of mathematics. The medal is given every four years.

Aug 2, 2018

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Equity indices continue to set fresh benchmarks; Sensex breaches 37,500 mark

The barometer S&P BSE Sensex breached the 37,500-mark for the first time, touching an all-time high of 37,511.39 points and the NSE Nifty50 touched a record level of 11,318.50 points.

Jul 30, 2018

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HCL on the rise, takes over Wipro as third largest IT firm

HCL reported Rs 2,431 crore in net profit for Q1, and overtook Wipro in terms of dollar revenue, clocking $2.05 billion, as compared to Wipro's $2.02 billion.

Jul 28, 2018

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BSE Sensex hits 37,000: Is the current market rally a mirage?

Barring a handful of heavy lifters, many stocks do not matter anymore in either the rise or fall of the market.

Jul 26, 2018

Weak Rupee, no-confidence vote help IT stocks soar

Sensex sees a rise as Rupee weakens after a no-confidence vote and a drop in the value of the Yuan. IT stocks are the biggest earners from the weakening value of India's currency.

Jul 20, 2018

Indian IT companies witness drop in foreign portfolio investors' exposure

Interestingly, one of the major features of the Indian markets in the current year has been the high volatility in terms of investment when it comes to foreign inflow and outflow

Jul 16, 2018

Infosys net up 5.8% in first quarter, investors to be rewarded

Releasing its earnings for Q1 2018, the company reported Rs 3,613 crore consolidated net profit, growing 12 percent annually a year ago. The company has decided to celebrate its 25th year of public trading by issuing one bonus share for every equity share.

Jul 14, 2018

No takers for Air India but someone is buying its iconic office building in Nariman Point

The decision to sell the iconic property comes days after the government deferred the plan to sell off the 76 percent stake in the cash-strapped national carrier. Air India's debt burden is estimated to be over Rs 50,000 crore.

Jun 28, 2018

Infosys denies whistleblower's allegations on delayed 20F filing

Infosys denies any wrongdoing in filing the 20F form with US Securities and Exchanges Commission despite whistleblower's complaints.

Jun 26, 2018

Global cues subdue equity indices, Sensex ends 200 points lower

On the currency front, the Indian rupee weakened by 29 paise against the US dollar to 68.13, from its previous close of 67.84 per greenback.

Jun 25, 2018

Wipro's Rishad Premji gets a salary hike of 250% for FY18

It is interesting to note that the hike comes at a time when Wipro has sacked a large number employees in last fiscal year. The IT major has also been dealing with growth issues after the bankruptcy of two clients.

Jun 25, 2018

Mamata Banerjee announces 18% DA hike for West Bengal govt employees

The West Bengal government employees will receive 18 per cent hike in Dearness Allowance from January 1, 2019, announced the Bengal Chief Minister Mamata Banerjee on Tuesday.

Jun 20, 2018

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Infosys' Narayana Murthy to head Karnataka planning board? Kumaraswamy extends offer

Karnataka CM HD Kumaraswamy has said that he is looking to appoint Infosys co-founder Narayana Murthy as the head of Karnataka Planning Board and believes that this will help build the government's image and also bring in a lot of foreign investors to the state

Jun 13, 2018

Organic growth or aggressive approach? Why Infosys needs to decide soon

With global IT majors like Capgemini and Accenture gaining market share with their aggressive approach to acquisitions, many are of the opinion companies like Infosys should decide if they want to remain without acquisitions and stick to good old organic growth.

Jun 9, 2018

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