Page 29 - Infosys

Nine of top 10 most valued firms lose Rs 1.63 trn in m-cap; RIL most hit

Reliance Industries Ltd's, the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore

Infosys completes acquisition of digital service provider Blue Acorn iCi

IT services firm Infosys on Wednesday said it has completed the acquisition of Blue Acorn iCi. Infosys had, earlier this month, announced inking a pact to acquire Blue Acorn iCi - a digital customer experience, commerce and analytics services provider - for up to USD 125 million (about Rs 915 crore). "This acquisition further strengthens Infosys' end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey. Blue Acorn iCi brings to Infosys, significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and experience driven commerce services," Infosys said in a statement on Wednesday. This acquisition further deepens Infosys' capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems, it added. The acquisition was undertaken by Infosys Nova Holdings, LLC, a wholly-owned subsidiary of Infosys.

IT firms to expand localisation drive as US proposes more work visa hurdles

Indian IT firms say workplace-independent model, local hiring will help them meet challenge

Infosys' valuation gap with TCS set to narrow further after strong Q2 show

Sharp Q2 outperformance, growth guidance could shrink the discount to 10 per cent from 30% at the start of the year

Weak global cues, sell-off in RIL, IT drag indices; Sensex tanks 1,066 pts

All that happened in the markets today.

Infosys slips over 2.5% after hitting a new high post healthy Q2 numbers

The stock surpassed its previous high of Rs 1,165.85, touched on October 13, 2020

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

Revenue grows 86%; firm revises revenue and margin guidance upward

After TCS, Infosys announces salary hikes as sector overcomes pandemic

Hike will be effective from January 1 next year, quantum to be similar like last year

Infosys to roll out salary hikes from Jan 2021, incentives to junior staff

India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1

IT stks factor in most positives; pay hike, promotion surprising: Analysts

'New era' for IT companies as they do better than other sectors in the coronavirus pandemic.

Top headlines: Infosys Q2 profit soars 20.5% YoY, SC on loan moratorium

From InfosysQ2 net profit beating estimates, SC asking govt to prepare an action plan on compound interest waiver by Nov 2, Business Standard brings you top news of the evening

Infosys Q2 consolidated net up 20.5% YoY at Rs 4,845 cr; ups FY21 guidance

On a sequential basis, profit grew 14.45 per cent.

HDFC twins, ICICI Bank help Sensex settle 169 pts higher; Nifty tops 11,950

All that happened in the markets today

Infosys Q2 preview: Large deal wins to drive revenue growth, say analysts

Edelweiss Securities expects revenue to grow 3.9 per cent QoQ in constant currency terms and 5.4 per cent QoQ in US dollar terms.

Infosys m-cap nears Rs 5-trillion ahead of September quarter results

Analysts expect Infosys to raise its FY21 guidance to 1-3 per cent growth from 0-2 per cent

Infosys completes acquisition of US-based firm Kaleidoscope Innovation

IT services major Infosys on Monday said it has completed the acquisition of US-based product design and development firm Kaleidoscope Innovation.

Infosys inks pact to acquire Blue Acorn iCi for around Rs 915 crore

This acquisition deepens Infosys' capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems

Infosys looks to double headcount in Canada in 12-18 months: Nilekani

The Aadhaar architect pointed out that Canada is a great centre for artificial intelligence (AI) and University of Toronto and Montreal are big centres for the new-age technology

TCS makes buyback buzz but other Indian IT firms unlikely to follow suit

Buyback tax provision and steep valuations may deter companies still playing safe in the coronavirus pandemic, say analysts

IT Q2 preview: Strong deal flow, traction in digital tech to drive earnings

According to ICICI Securities, Tier-1 IT companies will see revenue growth in the range of 1- 3.5 per cent in constant currency terms on a sequential basis.