Infosys hits new high; stock surges 25% so far in 2018
Posted on 28th June 2018 |
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Shares of Infosys hit a new high of Rs 1,298 per share, up 2% on the BSE in early morning trade in an otherwise flat market. With Rs 2.83-trillion market capitalisation, Infosys is 6% or Rs 164 billion away to touch Rs 3-trillion mark. Thus far in the calendar year 2018 (CY18), Infosys has outperformed the market by gaining 25% as compared to 3.3% rise in the S&P BSE Sensex. |
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TCS, Infosys shares hit record high as rupee falls to 19-month low
Posted on 27th June 2018 |
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Mumbai: Shares of information technology companies, including Tata Consultancy Services Ltd and Infosys Ltd, gained on Wednesday as the Indian rupee weakened to a 19-month low against the US dollar. NSE’s Nifty IT Index gained 1.11% at 10.57 am. The Nifty 50Index was down 0.20%. |
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Whistleblower’s letter highlights Infosys delay in filing Form 20F
Posted on 26th June 2018 |
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An anonymous whistleblower has raised concerns against Infosys for the delay in filing of Form 20F with the US Securities and Exchanges Commission. Form 20F contains the detailed financials statements and other key risks to the company. The whistleblower has addressed his concerns to both Indian and US regulators. His letter, reviewed by FE, said, “Infosys has not yet filed its Form 20F, which is the annual filing as required under the SEC rules. |
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Infosys at exciting juncture, bets big on digital: Nilekani at 37th AGM
Posted on 23rd June 2018 |
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Riding on strong financial performance and disruptive technologies, global software major Infosys is betting on digital strategy to spur growth in the exciting times, said its co-founder and Chairman Nandan M Nilekani on Saturday. "We are at an exciting juncture in the journey of our industry. I have never seen as many possibilities to partner with and grow along with our clients as I see today. |
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Infosys @ 25 years of listing; ex-CFO says Narayana Murthy made it all happen
Posted on 19th June 2018 |
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As IT major Infosys completed 25 years of its listing on the stock exchange, a former senior official of the firm paid rich tributes to the co-founder N R Narayana Murthy for creating the “dream” company. “I don’t think the country is going to see one more Infosys again because Infosys has been a dream company for many generations,” says ex-Chief Financial Officer V Balakrishnan. |
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TCS, Infosys push BSE IT index to new high; IT index rallies 24% in CY18
Posted on 18th June 2018 |
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Shares of information technology (IT) companies were in focus on Monday with the S&P BSE IT index hitting record high. The raly comes on the back of a surge in prices of sector majors - Tata Consultancy Services (TCS) and Infosys - that hit a new high on the BSE in intra-day trade. |
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Markets applaud Infosys on its silver jubilee, surges 23% on BSE in 2018
Posted on 14th June 2018 |
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With Infosys all set to complete a quarter century on the Indian bourses, the company's share price has reflected the iconic journey of the tech services firm, touching an all-time high on Wednesday. The share price of the Bengaluru-headquartered company touched a record high of Rs 1,284 on the BSE, surpassing the previous high of Rs 1,278 on June 3, 2016. |
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Infosys co-founders roll out Rs 200 crore seed fund for startups
Posted on 13th June 2018 |
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BENGALURU: Early-stage VC financier Axilor Ventures has launched a Rs 200-crore seed fund. Called Axilor Technology Fund, it will invest in fledgling startups looking for pre-seed or seed money in areas that include enterprise, deep tech, artificial intelligence (AI), consumer, fintech and healthcare. |
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Infosys gets nod to delist from Euronext Paris and London exchanges
Posted on 12th June 2018 |
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IT major Infosys on Monday said its proposal for voluntary delisting of its American Depositary Shares (ADSs) from Euronext's Paris and London exchanges has been approved by the Board of Directors of the two bourses. In March this year, Infosys had announced its intention to delist the ADSs on account of the "low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements". |
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