Infosys Ltd rose 1.16% today to trade at Rs 1823.55. The BSE Information Technology index is up 0.49% to quote at 41952.51. The index is down 2.52 % over last one month. Among the other constituents of the index, Magellanic Cloud Ltd increased 0.87% and Oracle Financial Services Software Ltd added 0.84% on the day. The BSE Information Technology index went up 33.91 % over last one year compared to the 22.32% surge in benchmark SENSEX. Infosys Ltd has lost 6.67% over last one month compared to 2.52% fall in BSE Information Technology index and 2.66% drop in the SENSEX. On the BSE, 10128 shares were traded in the counter so far compared with average daily volumes of 2.66 lakh shares in the past one month. The stock hit a record high of Rs 1990.9 on 15 Oct 2024. The stock hit a 52-week low of Rs 1359.1 on 04 Jun 2024.Powered by Capital Market - Live

Infosys announced the launch of its small language models - Infosys Topaz BankingSLM and Infosys Topaz ITOpsSLM - built using the powerful NVIDIA AI Stack. The collaboration leverages NVIDIA AI and Infosys Topaz offerings to provide a robust foundation for implementing and scaling enterprise AI. These models are developed as part of the Infosys center of excellence dedicated to NVIDIA technologies and built to help businesses quickly adopt and scale AI. The small language models utilize general and industry-specific data, enhanced by NVIDIA's AI Enterprise and NVIDIA AI Foundry in collaboration with Sarvam AI. The models are fine-tuned with Infosys data and integrated into existing offerings, like Infosys Finacle and Infosys Topaz for business and IT operations, creating robust foundational models for industry-specific applications. Infosys also provides these models as services that include pretraining-as-a-service and fine-tuning-as-a-service, to help businesses build their own custom AI models securely, in compliance with industry standards. As part of the center of excellence, Infosys is working with NVIDIA on NIMTM Agent Blueprints to streamline AI application development and integrate innovations such as the new Digital Human blueprint for customer service, multimodal PDF data extraction and various other use cases for Infosys Topaz offerings. Beyond these, the collaboration extends to digitalization efforts, addressing areas like 3D workflows and digital twins with NVIDIA Omniverse Enterprise, and Infosys Responsible AI suite, using NVIDIA NeMo Guardrails. The center of excellence also unveiled an exclusive AI Experience Zone, featuring the latest capabilities from NVIDIA AI and Infosys Topaz. The zone is designed to foster co-innovation in AI solutions, such as agentic and physical AI use cases, across sectors such as telecommunications, retail, and financial services. Powered by Capital Market - Live

The Board of Infosys at its meeting held on 17 October 2024 has approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.a Simplus and Kaleidoscope Animations Inc (step-down subsidiaries) with Infosys Nova Holdings LLC (wholly owned subsidiary). WD is a US-based, full-service creative and consumer insights advertising agency (Revenue for FY ending Dec'23 - USD 123.7 million). Simplus provides enterprise-wide digital transformation across the Salesforce ecosystem through advisory, implementation, change management, and managed services (Revenue for FY ending Jan'24 - USD 106.0 million). BA is a leading digital experience company that empowers global brands to deliver remarkable customer experiences and enables clients to navigate large-scale digital transformation programs.(Revenue for FY ending Dec'23 -USD 88.5 million). Kaleidoscope is a product design, development and insights firm, with services focused primarily on medical devices. (Revenue for FY ending Dec'23 - USD 45.0 million)Powered by Capital Market - Live

The Board of Infosys at its meeting held on 17 October 2024 has approved the acquisition of Blitz 24-893 SE through Infosys Singapore, a wholly owned subsidiary of Infosys, for a consideration of EUR 135,000 including cash. Blitz 24-893 SE was incorporated in August 2024 and the company does not have any operations. The objective of the entity would be to provide Information Technology (IT) and Information Technology (IT) enabled services post acquisition. Powered by Capital Market - Live

Infosys has granted 22,880 RSUs to six eligible employees under the 2015 Stock Incentive Compensation Plan effective from 01 November 2024. These RSUs will vest over a period of two to four years.Powered by Capital Market - Live

Infosys announced that the Board of Directors of the Company at its meeting held on 17 October 2024, inter alia, have recommended the interim dividend of Rs 21 per equity Share (i.e. 420%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Infosys rose 4.73% to Rs 6506.00 crore in the quarter ended September 2024 as against Rs 6212.00 crore during the previous quarter ended September 2023. Sales rose 5.11% to Rs 40986.00 crore in the quarter ended September 2024 as against Rs 38994.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales40986.0038994.00 5 OPM %23.9324.21 - PBDT10413.009934.00 5 PBT9253.008768.00 6 NP6506.006212.00 5 Powered by Capital Market - Live

Infosys announced a strategic collaboration with zooplus, a leading European e-commerce company based in Munich, Germany, to enhance its service capability and scalability. The collaboration will establish a state-of-the-art Global Capability Center (GCC) in Hyderabad, India. zooplus will leverage Infosys Topaz, an AI-first offering using generative AI technologies, that will aim to help the company drive AI innovation and growth transform e-commerce capabilities, and enhance operational efficiency. The collaboration will also help improve its marketing, e-commerce, and supply chain capabilities. It will support zooplus by enhancing its expertise in product management, technology, quality, design, and engineering; and set up a new order management system. Infosys was selected for its unique AI-first strategy and its commitment to driving improvements in productivity while achieving cost efficiencies. The GCC will leverage Infosys' data-driven excellence and innovative capabilities to play a pivotal role in transforming zooplus' customer experience, significantly enhancing their technology and value chain capabilities. Powered by Capital Market - Live

The headline equity benchmarks traded with minor gains in early trade. The Nifty traded above the 26,200 level. IT, metal and pharma shares advanced while realty, media and auto stocks declined. At 09:30 IST, the barometer index, the S&P BSE Sensex rose 33.33 points or 0.03% to 85,857.68. The Nifty 50 index added 17.55 points or 0.07% to 26,233.60. The Sensex and Nifty clocked an all-time high of 85,955.50 and 26,250.55, respectively in early trade. In the broader market, the S&P BSE Mid-Cap index rose 0.22% and the S&P BSE Small-Cap index gained 0.43%. The market breadth was strong. On the BSE, 1,944 shares rose and 903 shares fell. A total of 114 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 629.96 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,405.12 crore in the Indian equity market on 26 September 2024, provisional data showed. Stocks in Spotlight: Infosys rallied 3.33% after the company announced a strategic collaboration with Sally Beauty to bring enterprise scale IT efficiencies from hyper automation. Indian Bank rose 0.61%. The company's board has approved raising additional long term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 5,000 crore already raised in the current fiscal. Escorts Kubota shed 0.06%. The company's Unit, Escort Kubota Finance received RBI certification to begin NBFC business. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.24% to 6.845 as compared with previous close 6.848. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.6425, compared with its close of 83.6600 during the previous trading session. MCX Gold futures for 4 October 2024 settlement rose 0.06% to Rs 76,296. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.13% to 100.66. The United States 10-year bond yield grew 0.05% to 3.797. In the commodities market, Brent crude for November 2024 settlement lost 24 cents or 0.34% to $70.85 a barrel. Global Markets: Most of the Asian stocks traded higher on Friday as Tokyo's inflation rate for September eased to 2.2% from 2.6%, while core inflation was in line with expectations at 2%. China's central bank cut its 7-day reverse repurchase rate to 1.5% from 1.7%, as well as lowered the reserve requirement ratio for banks by 50 basis points. China's industrial profit data for August saw a 17.8% plunge year on year, following a 4.1% year-on-year increase in July. The People's Bank of China unveiled one of its most aggressive policy packages in years on Tuesday, aimed at boosting the slowing economy and restoring investor confidence. US stocks surged on Thursday, with the S&P 500 reaching a new all-time high. Investors welcomed positive economic data and Micron's strong earnings report. The Dow Jones Industrial Average gained 0.62%, the S&P 500 rose 0.4%, and the tech-heavy Nasdaq Composite increased 0.6%. Micron's shares soared, driving gains in the broader chip sector. The US economy grew at a 3% annual rate in the second quarter, driven by consumer spending, inventory investment, and business investment. Additionally, weekly jobless claims fell to the lowest level since mid-May, indicating a strong labor market. Micron Technology's shares jumped 17.3% after the company forecast higher-than-expected revenue for the upcoming quarter due to strong demand for memory chips.Powered by Capital Market - Live

Stocks to watch: Infosys announced strategic collaboration with Sally Beauty to bring enterprise scale IT efficiencies from hyper automation. Indian Bank's board approved raising additional long term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 5,000 crore already raised in the current fiscal. Escorts Kubota's Unit, Escort Kubota Finance received RBI certification to begin NBFC business. Lemon Tree Hotels signed pact for 74-room property in Gujarat. Biocon partnered with Tabuk Pharma to commercialise its Glucagon-like peptide-1 products in the Middle East region. Jubilant Pharmova said that USFDA inspected Washington facility and closed the inspection with zero observations. Aditya Birla Capial made an investment of Rs 500 crore in subsidiary, AB Finance via rights subscription. Interglobe Aviation's board approved the appointment Isidro Pablo Porqueras Orea as the chief operating officer (COO) effective from 1 November 2024. Porqueras will succeed Wolfgang Prock-Schauer, who will be retiring later this year.Powered by Capital Market - Live