The top Nifty gainers included Indiabulls Housing Finnace, Infosys, Wipro, Hindalco Industries and Vedanta while the top losers included Zee Entertainment, IOC, HPCL, BPCL, ONGC
The hostile takeover brings into sharp focus a key lesson for founders that look to retain control with small shareholdings: have a backstop or a white knight to bail you out.
According to a regulatory filing by Infosys on results of postal ballot on reappointment of Shaw, 92.2 per cent of the overall votes were cast in favour of the proposal - an outright majority - while nearly 7.7 per cent were against the said resolution.
The lawsuit was filed in 2016 by a whistleblower alleging that the iPhone maker Apple and Indian IT company Infosys conspired to bring two Indian nationals for training on B-1 visa instead of more expensive H1-B visa.
The Finacle Trade Connect solution will be used by HNB to pilot a trade network with other corresponding banking partner
Digital revenues are growing significantly every year. On an average, revenues from digital now account for 25-30 percent of the total for most IT firms.
Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
In his first interview as CEO with CNBC-TV18's Shereen Bhan, Parekh talks about Infosys guidance, investment outlook and margin growth.
Infosys fined Kiran Mazumdar-Shaw, independent director, for Rs 9.5 lakh for trading 1,600 share without obtaining pre-clearance for trade, the company said in its BSE filing on Thursday.
Infosys, India's second largest IT services firm, said 5G technology will enable enterprises – IT and other business departments – to usher in a new era of innovation, create new experiences and improve operational efficiency in organisations.
"Technology as barrier has come down...it's more about the talent that you have to take that technology and apply it to a particularly situation, say, where you have data," Nilekani said while addressing an event organised by the All India Management Association (AIMA).
Under a share buyback issue, a company repurchases its shares from shareholders at a higher price than current market price
Nifty IT was the biggest contributor to the market turning red led by loses from Infosys, Tata Consultancy Services and Wipro which were down over 2 percent each followed by Tech Mahindra, KPIT Tech and Tata Elxsi.
The top gainers from NSE included Vedanta, Bharti Airtel, ICICI Bank, BPCL and Grasim Industries while the top losers included NTPC, Infosys, TCS, Dr Reddy's Labs and Tech Mahindra.
CLSA expects NASSCOM, the trade association of Indian IT-BPM industry, to guide for 8-10 percent growth for the industry in FY20
The watchdog had issued a notice seeking to initiate adjudication proceedings against the company in November 2017.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 16.5 point, or 0.15%. Nifty futures were trading around 10,771-level on the Singaporean Exchange.
Kotak advised adding HCL Technologies, L&T Infotech, Mindtree and Tech Mahindra which could return 8-12 percent
During the financial year of 2017-2018, the recruitment figure was just below 14,000 employees, five times lesser than the current fiscal year.
Infosys, like many of its peers, has been ramping local hiring in key markets like the US, the UK and Australia to tackle increasing scrutiny around work visas by various governments.
Murthy said the best incentive a company can provide these youngsters was to promise them of using their projects to solve problems afflicting the society or a nation, which Infosys did in future by creating a repository of experiential knowledge acquired by way of InStep.
The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in a bullish mode which reconfirms strength.
The Sensex rose nearly 600 points, while the Nifty hit 10,800 in the afternoon. Buying was visible across all sectors, with maximum gains seen among banks, technology names as well as energy sector.
The breadth of the market favoured the advances with 919 stocks advancing and 751 declining while 385 remained unchanged. On the BSE, 1227 stocks advanced, 1061 declined and 145 remained unchanged.
Valued at USD 26.3 billion, Accenture took the title of the world's most-valued IT services brand. The tag was previously held by IBM, which now occupied the second place with a brand value of USD 20.4 billion, according to the report.