Infosys Ltd News

Sensex sinks 1,150pts, Nifty dips below 23,900: What's behind market crash?

The key benchmarks - Sensex, Nifty faced another bear attack on Thursday, with the BSE Sensex crashing 1,162 points or 1.44 per cent to its intraday low of 79020

Nifty IT index slips over 2%; Infosys, LTIMindtree, LTTS down up to 5%

For the Indian IT services sector, which derives over 60 per cent of its revenues from the US, the Fed's cautious stance has mixed implications

Mamata Banerjee inaugurates Infosys development centre in Kolkata

IT giant Infosys on Wednesday inaugurated a development centre built at a cost of Rs 426 crore at New Town near here. Inaugurating the development centre, Chief Minister Mamata Banerjee said, "This is a New Year gift to West Bengal". "This centre of Infosys will help other IT companies to come to West Bengal. West Bengal is a leading IT state in the country. Nearly 2,200 IT companies have presence in the state, including big ones like TCS, Wipro, IBM and Accenture," she said. The chief minister also said it is a historic day for the state. Banerjee said, "We wanted Infosys in the state and the company fulfilled our dreams." The chief minister said a new Silicon Valley is coming to New Town on 200 acres with the potential to create 75,000 jobs involving an investment of Rs 27,000 crore. "Twenty-eight companies have already started work with 11 data centres coming up," she said. The Infosys campus, built on 50 acres, will have an employment potential of 4,000 IT professionals. Ba

Ajit Mishra of Religare Broking suggests these three stocks to buy today

Stocks to Buy Today: Infosys share price has recently broken out of a three-month consolidation phase and reclaimed its all-time high. We expect this upward momentum to persist

Sensex plunges 1,200pts, Nifty dips below 24k; key reasons for market crash

Stock market crash: Indian bourses were facing a bear attack again on Thursday owing to a weakness in the global markets and after surging significantly in the first two sessions of the ongoing week

Why Nifty IT index fell 2% after two straight sessions of lifetime highs?

The weakness and profit booking in the IT stocks came after two consecutive days of the Nifty IT index hitting lifetime highs and making a new summit at 44,330.60 level on Wednesday

Coforge, Wipro, TCS, LTTS rally 11% in one month; Nifty IT hits record

The Nifty IT index hit an all time high on Tuesday, reaching 44,244.60 level, up 1.43 per cent intraday. Meanwhile in the last 30 days, the index has surged 5.24 per cent

Infosys to give 90% bonus payouts to eligible employees for Q2 FY25

The Q2 bonus is also higher than the firm's Q1 FY25 bonus, which was around 80 per cent, and significantly higher than the 60 per cent bonus in Q4 FY24

Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%

At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.

IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high

At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.

Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2

Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.

Earnings disappointment a catalyst for market correction: Analysts

The developments come at a time when the markets are already grappling with geopolitical developments in West Asia and the uncertainty surrounding the outcome of the US presidential polls

Infosys share price slips 4.5% despite raising FY25 guidance; here's why

The IT major's net profit soared 2.2 per cent quarter-on-quarter (Q-o-Q) to Rs 6,506 crore in the September quarter of FY25, from Rs 6,368 crore in the June quarter of FY25 (Q1FY25).

Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data

F&O market update Oct 18: The Nifty options data suggests likely resistance for the index near 24,800 - 25,000, and support between 24,500 - 24,700; says Dupesh Dhameja of SAMCO Securities.

Infosys raises FY25 revenue forecast on BFSI boost; Q2 net profit up 4.7%

Ups growth projection to 3.75-4.5%

Infosys boosts headcount by 2,456 in Q2, reversing earlier staff cuts

Infosys CFO said that the company intended to hire 15,000 to 20,000 employees in FY25

Infosys Q2 Preview: Co to lead Tier-I IT pack; profits may grow over 9% YoY

Analysts expect Infosys to log strong performance among its Tier-I IT peers, driven by large deal ramp-ups, integration of its subsidiary 'intech', and recovery in the banking and financial services

Infosys expands partnership with Microsoft to boost Cloud, GenAI adoption

IT giant Infosys on Wednesday announced expansion of its partnership with Microsoft to help drive global customer adoption of generative AI and Microsoft's cloud platform Azure. Additionally, Infosys will also act as a strategic supplier to support cloud and AI workloads for Microsoft's enterprise customers. It will infuse Microsoft's generative AI suite of offerings across its Solution IP portfolio to bring unique capabilities to market, helping clients achieve cost-efficiency, scalability, and agility, according to a regulatory filing. "Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI adoption and enable unprecedented innovation for customers," Nicole Dezen, Chief Partner Officer at Microsoft, said. The collaboration aims to provide innovative solutions that enhance customer

TCS, Infy, HCL Tech: Should you buy or sell IT stocks ahead of Q2 results?

Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.

Accenture results: Worst behind for India IT; buy selectively, say analysts

Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results