Infosys

Byjus: Byju’s executive leadership ‘regularly disregarded’ advice and recommendations: Prosus explains why its representative quit startup’s board – Times of India

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[ad_1] NEW DELHI: Trouble continues to mount for Byju’s. A month after the firm’s investor Prosus confirmed the resignation of its representative Russell Dreisenstock from the board of the startup, the Netherlands-based technology investor on Tuesday said that the executive leadership at Byju’s regularly “disregarded” Dreisenstock’s advice and recommendations relating to strategic, operational, legal and … Read more

Infosys’ Q1 profit rises 11% to Rs 5,945cr; company slashes FY24 outlook to 1-3.5% amid macro woes – Times of India

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[ad_1] BENGALURU: IT services firm Infosys on Thursday reported an 11 per cent rise in consolidated net profit in the June quarter at Rs 5,945 crore, but delivered a shocker by slashing full year growth outlook to 1-3.5 per cent hurt by macro uncertainties and delayed decision-making in the market.The net profit (before minority interest) … Read more

A $46 billion rally shows India tech woes easing – Times of India

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[ad_1] NEW DELHI: Optimism is returning for India’s information-technology companies as easing odds of a recession in the US and the emergence of artificial intelligence as a potential new source of revenue drive a rebound in their stocks.The NSE Nifty IT Index has climbed 18% from an April low, adding about $46 billion in market … Read more

Sensex rises by 235 points in early trade as IT, auto shares advance – Times of India

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[ad_1] MUMBAI: Benchmark equity indices Sensex and Nifty advanced in early trade on Tuesday helped by buying in index majors HDFC twins and Infosys amid a mixed trend in Asian markets.The 30-share BSE Sensex climbed 235.52 points to 63,205.52 in early trade. The NSE Nifty advanced 72.4 points to 18,763.60.From the Sensex pack, Tata Steel, … Read more

Infosys signs $454-million deal with Denmark’s Danske Bank – Times of India

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[ad_1] BENGALURU: Infosys, India’s No.2 IT services provider, signed a $454-million deal with Denmark’s Danske Bank, it said on Monday, days after bigger rival Tata Consultancy Services announced a mega-contract amid a slowdown in the IT services industry.The deal, which includes Infosys acquiring Danske Bank’s IT centre in India, is for five years with an … Read more

Sensex, Nifty extend losses into 2nd day on rate hike fears – Times of India

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[ad_1] MUMBAI: Equity benchmarks Sensex and Nifty buckled under selling pressure for the second straight session on Friday as a bearish trend in global equities and concerns over rate hikes by central banks unnerved investors.Besides, selling pressure in index majors Reliance Industries, Infosys and L&T also dragged the benchmark indices lower, traders said.The 30-share BSE … Read more

Markets retreat from record highs; Sensex falls 216 points – Times of India

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[ad_1] MUMBAI: Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking.Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said.After hitting its lifetime high … Read more

Markets climb for 4th day; Sensex rallies 350 points to reclaim 63,000-mark – Times of India

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[ad_1] MUMBAI: Benchmark equity indices ended with gains on Wednesday, logging their fourth day of rally amid fresh foreign fund inflows and a mixed trend in global markets.The gains in metal, realty, oil & gas and industrials stocks also supported the market‘s rally.Rising for the fourth straight session, the 30-share BSE Sensex climbed 350.08 points … Read more

Infosys CEO’s pay drops by 29% to Rs 56 crore in FY23 – Times of India

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[ad_1] BENGALURU: Infosys CEO Salil Parekh’s compensation dropped 29. 3% to Rs 56. 4 crore in the 2022-23 financial year, after a massive 88% jump to Rs 79. 8 crore in the year before that. This was presumably because of the company’s weak performance in the final quarter of the year, and the modest revenue … Read more