Reliance Industries on Friday added another feather to its cap by becoming the first Indian firm to hit the Rs 9 trillion market valuation mark in intra-day trade
Industry experts were of the opinion that TCS' focus on large IT outsourcing contracts might be one of the reasons behind the uneven distribution of quarterly revenues
Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.
Hopefully the momentum at both PhonePe and Paytm will spur more Indian entrepreneurship, feeding a rebirth in India's tech sector not seen since the IT-outsourcing boom two decades ago
Analysts are surprised by the fact that Infosys did not raise the revenue guidance at the upper end despite the confidence of strong order booking
The second half is usually weaker in our sector, which is because of normal seasonality, but overall our deal pipeline remains strong, says Parekh
Improvement in operating margins and a healthy deal pipeline were other positives for Infosys in the quarter
Valuation gap between Infy and TCS is unlikely to narrow further
IT announced its earnings for the quarter ended September 30 quarter, meeting estimates on most parameters. Mukesh Ambani was for the 12 time ranked as India's richest person by Forbes magazine.
In constant currency (CC) terms, Infosys posted revenue growth of 11.4 per cent YoY while in US dollar terms, the numbers grew 9.9 per cent.
In the past three months, post June quarter (Q1FY20) results, Infosys has outperformed the market by surging 13 per cent.
Xi will be accompanied by China's Foreign Minister Wang Yi and Politburo members on his visit to India
Infosys, in its June quarter results announcement, had revised its FY20 revenue guidance to 8.5-10 per cent year-on-year (YoY) in constant currency (CC) terms
Besides global cues, market participants would also keep a close watch on rupee-dollar trend, oil prices and investment pattern by overseas investors.
Robust deal pipeline, margin gain hopes have helped it to bridge the valuation gap with TCS
As many as 17 Indian firms, including Infosys, TCS and HDFC, have been named in the list of World's Best Regarded Companies compiled by Forbes
Firm revealed this new strategy in Arizona, where the company opened its sixth tech and innovation centre
Infosys plans to continue hiring locals in the coming quarters
Arizona Technology and Innovation Centre has a special focus on autonomous technologies, Internet of Things (IoT), full-stack engineering, data science and cybersecurity, Infosys said in a statement
Ministry was considering a whitepaper that would form the basis for a wider consultation on non-personal data