Infosys buyback: IT major’s share hits 52-week high on account of buyback, third in 5 years
Business | April 12, 2021 14:24 ISTShare of IT major Infosys on Monday hit a 52-week high of 1,477.55 on the NSE on account of buyback news.
Share of IT major Infosys on Monday hit a 52-week high of 1,477.55 on the NSE on account of buyback news.
Infosys will work with London-based steel and mining firm's European arm and share its best practice to optimise, stabilise and transform its IT landscape.
Infosys announced on Wednesday that it has been recognised as the fastest growing among the top ten IT services brands, by brand valuation firm 'Brand Finance', in its Global 500 2021 report.
HCL Tech's revenue grew 6.4 per cent to Rs 19,302 crore in the quarter under review, from Rs 18,135 crore in the year-ago period (as per US GAAP).
IT services major Infosys on Wednesday said it will purchase assets and onboard employees of Carter Digital, an Australian experience design agency.
Shares of Infosys gained over 2 per cent in early trade on Wednesday after the company said it has formed a long-term partnership with Daimler AG for a technology-driven IT infrastructure transformation. The stock jumped 2.31 per cent to its record high of Rs 1,249 on the BSE.
IT company Infosys on Monday said it will prefer a flexible "hybrid" work model going ahead in view of uncertainty around the pandemic situation and allow employees work from home or office depending on the condition.
Indian IT services firm Infosys and Rolls-Royce, an aerospace and defence technology major, on Wednesday announced signing a strategic partnership for sourcing engineering and R&D Services for the latter''s Civil Aerospace business. As part of the overall partnership, Rolls-Royce will "transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys", a statement said.
Infosys, which counts the US as its biggest market, said it is still early to comment on the approach the new US administration could take towards work visas but it expects to continue benefiting from its ongoing localisation efforts.
Shares of Infosys on Thursday erased its opening gains and declined 3 per cent on emergence of profit-booking a day after the company announced its September quarter earnings.
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.
Infosys had clocked a net profit of Rs 4,019 crore in the same period last fiscal, Infosys said in a regulatory filing.
IT services major Infosys has hit a fresh 52-week high of Rs 1,146.50 apiece for the second consecutive day on the BSE, gaining over one percent.
InfosysLimited on Monday announced a definitive agreement to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe.
Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
Global software major Infosys on Thursday announced it has acquired US-based product design firm Kaleidoscope Innovation for $42 million (Rs 309 crore) to expand its engineering service offerings in medical devices, consumer and industrial markets across America.
The Indian IT sector has been struggling with high denial rates for H-1B visas. A study by an immigration think tank has revealed staggering numbers.
India's second-largest IT firm Infosys on Tuesday said it plans to hire 12,000 American workers over the next two years, taking its hiring commitment in the country to 25,000 over five years.
Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.
Shares of Infosys rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.
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