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The Latest Breaking News from Infosys

How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks

LIC gained over Rs 21,000 crore from three top software exporters. This paper profit materialized within thirty-five days after a contrarian investment strategy. The insurer accumulated shares of Infosys, TCS, and HCL Technologies during the June quarter. This move reversed earlier investor pessimism surrounding artificial intelligence disruption fears. The IT…

The Economic Times

Kospi’s mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%

Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.

The Economic Times

IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?

Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving investor sentiment. Jefferies turned neutral on the sector, citing positive FPI feedback and potential tactical upside after a sharp correction. The rally came despite a global tech selloff, with investors…

The Economic Times

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Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh cr gains on D-Street

Indian stock markets experienced a significant surge on Wednesday, with Sensex and Nifty rising over one percent. This rise occurred despite escalating US-Iran tensions and a sharp increase in global oil prices. Key factors contributing to the market's upward movement included a global AI selloff and a strengthening rupee. Foreign…

The Economic Times

TCS, Infosys, Coforge, other IT stocks rally up to 10% after Nvidia-led chip rout. Is AI trade ending?

Indian IT stocks rallied on Tuesday, with TCS, Infosys, HCL Tech, Wipro, Coforge and Tech Mahindra gaining despite a global sell-off in AI-linked stocks. Investors tracked the sharp decline in Nvidia, Micron, SanDisk, SK Hynix and Samsung shares for clues on AI sector sentiment.

The Economic Times

Sensex falls 70 points, Nifty closes below 23,400 as HUL, BEL, other stocks react to Q1 earnings

Indian stock markets closed lower on Tuesday after erasing early gains. Sensex and Nifty experienced a slight decline, while broader markets showed mixed performance. IT stocks rallied significantly, driven by global sentiment shifts and attractive valuations. Analysts noted cautious investor sentiment ahead of central bank policy meetings. Improving monsoon conditions…

The Economic Times

Nandan Nilekani to S Somanath: Meet the experts on Centre's exam reform task-force

Prime Minister Narendra Modi has announced a new six-member task force. This high-powered committee will be headed by Nandan Nilekani, a renowned tech leader. The task force aims to recommend reforms for a leakproof examination system. Experts in technology, intelligence, and education will contribute their knowledge. Their collective efforts will…

The Economic Times

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Kapil Sibal slams Centre's handling of paper leak, mocks exam reform task force

Rajya Sabha MP Kapil Sibal criticised the Centre's handling of the NEET paper leak issue, accusing the Modi government of first denying the problem, cracking down on protesters and only later announcing exam reforms. His remarks came after Prime Minister Narendra Modi unveiled a high-powered task force headed by Infosys…

The Economic Times

From Aadhaar to exams: Nandan Nilekani, the Infosys co-founder PM Modi has entrusted with exam reforms

Nandan Nilekani will lead a high-powered task force on examination reforms. He previously co-founded Infosys and chaired the Unique Identification Authority of India. Under his leadership, Aadhaar, India's biometric system, was successfully rolled out. Nilekani also co-chairs the EkStep Foundation, focusing on education and digital infrastructure. His extensive public service…

The Economic Times

PM Modi announces high-powered task force on exam reforms led by Infosys co-founder Nandan Nilekani

Prime Minister Narendra Modi announced a new task force for exam reforms. This high-powered committee will be led by technology expert Nandan Nilekani. The government is committed to ensuring exam system reliability and transparency. Accused individuals involved in exam irregularities are currently in jail. Fast-track courts and new legislation are…

The Economic Times

F&O Talk: Nifty looks weak on chart, says Sudeep Shah; outlines HDFC Bank, Bluestone Strategy after Q1

Nifty ended a fifth straight losing session with SBI Securities warning that a break below 23,600 could deepen the correction. Bank Nifty faces key support at 55,800, while HAL, Titan, Manappuram Finance and United Spirits remain technically strong despite weak market sentiment.

The Economic Times

Infosys shares fall 3% as JPMorgan downgrades stock, Jefferies cuts target after Q1 results

Infosys shares fell after global brokerages turned cautious following the company's Q1 FY27 results and a cut to the upper end of its revenue growth guidance. JPMorgan downgraded the stock, while Jefferies lowered its target price, citing weaker demand visibility despite strong deal wins and rising AI-led revenue.

The Economic Times

Stocks in news: Infosys, Cipla, Meesho, Suzlon Energy, IndiGo, NTPC

Markets extended their losing streak for a fourth consecutive session. Infosys reported a 12% year-on-year profit growth in its first quarter. Cipla's net profit fell 39% due to weakness in its North America business. IndiGo reported a loss of Rs 238 crore in its first quarter. Several other companies will…

The Economic Times

Infosys headcount falls by 532 employees in June quarter

The Bengaluru-headquartered company said it hired over 4,000 college graduates in the just-concluded quarter. Overall, it plans to recruit 20,000 college graduates this fiscal, similar to the previous year.

The Economic Times

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The Economic Times

Who is Ashiss Kumar Dash, Infosys CEO-designate & fitness enthusiast from IIT Kharagpur who spent nearly 3 decades at Infy before reaching the top?

Infosys has appointed Ashiss Kumar Dash as its next Chief Executive Officer. He will officially assume the role of Managing Director and CEO on April 1, 2027, succeeding Salil Parekh after the completion of his second term. With more than three decades of experience at Infosys, Dash has played a…

The Economic Times

Infosys’ next CEO; Swiggy renews Indian-ownership bid

Infosys announced on Thursday that company veteran Ashiss Kumar Dash will be the CEO from April 2027. This and more in today’s ETtech Top 5.

The Economic Times

Infosys ADRs fall over 4% as Q1 revenue guidance cut overshadows profit growth

Infosys ADRs fell over 4% after the IT major trimmed the upper end of its FY27 revenue growth guidance despite reporting higher June-quarter profit and revenue. Investors remained concerned over weak discretionary demand, slower constant currency growth and cautious client technology spending.

The Economic Times

Infosys Q1 Results: Profit rises 12% YoY to Rs 7,769 crore; co trims upper-end revenue forecast

Infosys Q1 Results: IT services major Infosys reported 12% year-on-year (YoY) growth in its consolidated net profit at Rs 7,769 crore in the first quarter of FY27. The same stood at Rs 6,921 crore in the last year quarter. Revenue from operations in the reporting period increased 14% YoY to…

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The Economic Times

Stocks in news: Infosys, IndusInd Bank, Eternal, Adani Green, Dr Reddy's

Indian markets experienced a decline on Wednesday due to global and geopolitical concerns. IndusInd Bank reported a significant profit increase while Eternal saw substantial net profit growth. BPCL, however, posted a considerable loss in the first quarter. Adani Green announced a moderate profit rise, and Dr Reddy's profit declined. Several…

The Economic Times

Infosys Q1 preview: Guidance cut expected? Infosys may not have good news for investors in Q1 results

Infosys is expected to post double-digit growth in revenue and profit for Q1FY27, aided by seasonal factors and acquisitions. However, brokerages remain divided on whether the IT major will raise or trim its FY27 revenue growth guidance amid macro uncertainty, weak discretionary spending and AI-led pricing pressure.

The Economic Times

Market wrap: Trent, Axis Bank among top gainers and losers on Nifty and Sensex today

Indian equities ended lower as escalating Iran-US tensions and surging crude prices dampened investor sentiment despite easing volatility. Banking stocks dragged benchmarks, while analysts expect geopolitical risks, inflation concerns and Q1 earnings momentum to shape market direction, with Nifty support at 24,100 and resistance near 24,400.

The Economic Times

Nifty breakout isn’t convincing yet; a move above 24,600 could unlock record high: Anand James

Nifty’s Friday rebound has broken its recent range, but a sustained uptrend is yet to be confirmed. Geojit’s Anand James sees 24,400 as near-term resistance and flags India Cements and Bharat Forge as top trading picks.

The Economic Times

Q1 earnings this week: Infosys, Eternal, Bajaj Auto among 256 companies set to announce June quarter results

The Q1 FY27 earnings season gathers momentum this week, with 256 companies scheduled to announce their April-June quarter results. Key names include Infosys, Eternal, Bajaj Auto, UltraTech Cement, Nestlé India, Adani Power, Paytm and TVS Motor. Investors will closely track corporate earnings and management commentary for cues on business performance,…

The Economic Times

Will Sensex, Nifty extend gains on Monday? Q1 earnings, global tech selloff among 6 factors to steer D-St this week

Dalal Street ended the week on a strong note, with the Sensex and Nifty gaining over 1% on Friday. Investors will track six key market triggers this week, including the peak of the Q1 earnings season, the escalating Iran-US conflict, surging crude oil prices, the global tech selloff, rupee movement…

The Economic Times

2 reasons why Infosys, TCS and other IT stocks are rising today

Indian IT stocks saw gains on Friday, led by Tech Mahindra's better-than-expected first quarter results. Infosys and HCL Tech also advanced, with HCL Tech securing a significant seven-year deal. Wipro shares declined more than three percent after reporting weak first-quarter performance. Brokerages offered positive outlooks for Tech Mahindra, increasing target…

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