Stocks To Watch On June 11: Indian markets may continue to consolidate on Tuesday amid lack of decisive triggers. At 7:43 AM, GIFT Nifty was up 29 points at 23,276 levels. InterGlobe Aviation: Rahul Bhatia’s promoter entity, InterGlobe Enterprises, is expected to off load around 2 per cent stake in the company through a block … Read more
Fine imposed on Infosys. (Representative image) The penalty was imposed on Infosys due to non-payment of sales tax for the period of April 2024 IT major Infosys has been fined an amount of USD 3,142.02 (around Rs 2.60 lakh) by the Texas Comptroller of Public Accounts, USA. The penalty was imposed due to non-payment of … Read more
Mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects. Representational | Photo Credit: REUTERS Mid-tier firms in India’s $254 billion IT sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. … Read more
The market capitalisation of the top-10 companies currently stands at a little above $1 trillion or Rs 90.54 lakh crore. All-India market capitalisation, including 5,391 listed companies, stands at $5 trillion or Rs 414.7 lakh crore, which is about $633 billion higher than that at the start of the year Despite the markets witnessing volatility … Read more
Music icon Paul McCartney has become the UK’s first billionaire musician, according to the Sunday Times Rich List published on Friday, despite the country recording its largest fall in the billionaire count in the guide’s 36-year history. The 81-year-old’s fortune was boosted by “strong touring, a valuable back catalogue and even a little help from … Read more
New Delhi: Amid the muted revenue growth in the Indian IT services sector due to global macroeconomic headwinds, leading IT companies saw a drop of nearly 70,000 employees in the last fiscal year (FY24). Infosys, Tata Consultancy Services (TCS), Wipro and Tech Mahindra, among others, lost maximum number of employees in FY24. While Infosys saw … Read more
Bengaluru: The full-year headcount at IT major Infosys declined for the first time in nearly 23 years, by 25,994 in the financial year 2023-24. The full financial year headcount was 317,240 — a 7.5 per cent decrease from the previous fiscal year. “Our utilisation rate has improved from 77 per cent utilisation including trainees in … Read more
Infosys founder NR Narayana Murthy New Delhi: Ekagrah Rohan Murty, the five-month-old grandson of Infosys founder N. R. Narayana Murthy, is set to get richer by at least Rs 4.2 crore as the IT bellwether announced final and special dividends. The Infosys’ board has recommended a final dividend of Rs 20 per equity share, and … Read more
Stocks to watch on April 2: Equity market started the week with modest gains and hit new life highs, gaining over half a percent. In today’s trade, shares of ABFRL, Hero MotoCorp, Infosys, RIL, Bharat Electronics will be in focus due to various developments and monthly business updates. Infosys: The IT services major has received … Read more
UK Prime Minister Rishi Sunak is in a soup after trade minister Dominic Johnson revealed that he gave VIP access to Sunak’s father-in-law’s Indian IT firm Infosys. The Indian company Infosys is owned by Rishi Sunak’s father-in-law Narayan Murty and his wife Akshata Murty has partial ownership in it. The allegations have surfaced as the … Read more
