Infosys has posted a robust set of numbers in Q2, beating the Street expectations. For the quarter ended July-September, the company‘s net profit rose 7.3 percent sequentially to Rs 3,096 crore on strong revenue and operational growth.
Infosys on Friday beat street estimates with the July-September quarter net profit rising 7.3 percent sequentially (up 28.6 percent on yearly basis) to Rs 3,096 crore (on consolidated basis) on strong revenue and operational growth.
Infosys insiders say V Balakrishnan's prospects for the top job brightened after Murthy's return to Infosys, prompting Vemuri to look elsewhere for a similar position.
The pressure is mounting on RBI to cut the interest rates to boost industrial growth, which declined to 2.2 per cent in April says, Ajay Srivastava. Though not betting on a rate cut, he is hoping for a roadmap for interest rate reduction.