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Sunday, November 3, 2024
TopicInfosys Ltd.

Topic: Infosys Ltd.

Tech firm Infosys halved FY revenue forecast as economic environment stays grim

Infosys’ U.S.-listed shares fell nearly 7% in pre-market trading after the company cut its full-year revenue growth of 1%-3.5% on a constant currency basis from 4%-7% previously.

Indian companies look towards sanction-ravaged Russia to expand their operations

From drugmakers to consumer good firms, numerous Indian firms are eyeing Moscow for more contracts, seeking fresh partners and vendors.

FM Nirmala Sitharaman asks Infosys to fix technical glitch on new e-filing portal

Sitharaman took to Twitter to announce the launch of the new portal that went live Monday evening, but soon, her timeline was flooded with user complaints.

Indian stocks set for longest streak of losses in more than three months

Thirteen of 19 sector sub-indexes compiled by Bombay Stock Exchange declined, led by losses in consumer and telecom stocks. 

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.