Four-month-old Ekagrah Rohan Murty has become a millionaire even before learning how to walk on two legs as his grandfather and billionaire NR Narayana Murthy has gifted him 15 lakh Infosys shares worth over Rs 240 crore. Regulatory filings show that 77-year-old Murthy gifted 15 lakh shares or 0.04% stake to his grandson in an … Read more
Betting that IT stocks could be traversing an inflection point as the growth momentum may bottom out over the next few months and a return to growth over CY24 on the back of easing of several headwinds and new drivers taking over, both FIIs and mutual funds increased their shareholding in most largecaps.MF holding in … Read more
Shares of IT major Infosys on Friday rallied up to 6.7% to the day’s high at Rs 1,594 on BSE as it reported decent results after back-to-back disappointments in recent quarters. Investors are betting that Q3 was the bottom for the earnings downgrade cycle for Infosys and the sector as the US macro becomes favourable … Read more
Shares of Infosys on Tuesday fell up to 2.5% to the day’s low at Rs 1,522.50 on BSE after a global company terminated the MOU for a $1.5 billion deal with the IT giant. “The global company has now elected to terminate the Memorandum of Understanding and the parties will not be pursuing the Master … Read more
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