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Infosys Ltd

INFY

Infosys Ltd

INFY
Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹7,83,709 cr, stock is ranked 6
Low RiskStock is 1.69x as volatile as Nifty
1,886.750.29% (-5.40)
1,886.750.29% (-5.40)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹7,83,709 cr, stock is ranked 6
Low RiskStock is 1.69x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹7,83,709 cr, stock is ranked 6
Low RiskStock is 1.69x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
29.408.862.43%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.629.401.62%

Forecast & Ratings

Detailed Forecast 
68%
Analysts have suggested that investors can buy this stock

from 40 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.11%, vs industry avg of 11.59%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 18.18% to 20.22%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.24%, vs industry avg of 8.4%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue65,561.0071,534.0073,833.0085,557.0093,594.001,02,673.001,23,936.001,49,468.001,58,381.001,60,041.00
Raw Materialssubtract0.000.000.000.000.000.000.000.000.001,18,255.00
Power & Fuel Costsubtract217.00228.00207.00221.00229.00143.00132.00176.00199.00
Employee Costsubtract34,406.0037,659.0038,893.0045,315.0050,887.0055,541.0063,986.0078,359.0082,620.00
Selling & Administrative Expensessubtract4,450.004,594.004,594.005,561.005,383.003,200.004,316.005,315.005,721.00
Operating & Other expensessubtract6,289.007,399.008,006.0011,408.0012,025.0013,699.0021,716.0027,787.0028,705.00
Depreciation/Amortizationsubtract1,459.001,703.001,863.002,011.002,893.003,267.003,476.004,225.004,678.004,654.00
Interest & Other Itemssubtract0.000.000.000.00170.00195.00200.00284.00470.00484.00
Taxes & Other Itemssubtract5,251.005,598.004,241.005,637.005,413.007,277.008,000.009,227.009,755.009,993.00
EPS29.5131.4035.9535.4838.7045.6152.4057.8663.3964.38
DPS12.1312.8821.7521.5017.5027.0031.0034.0046.0046.00
Payout ratio0.410.410.610.610.450.590.590.590.730.71

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual Report Unavailable

Investor Presentation

Feb 13PDF
Aug 26PDF
FY 2018

Annual Report Unavailable

Investor Presentation

Jun 6PDF
Apr 23PDF
FY 2019

Annual Report Unavailable

FY 2021

Annual report

PDF

Investor Presentation

Dec 7PDF
FY 2022

Annual report

PDF

Investor Presentation

Sep 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyIT Services & Consulting

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Infosys Ltd29.878.862.43%
Tata Consultancy Services Ltd34.2517.221.68%
HCL Technologies Ltd30.276.962.97%
Wipro Ltd25.463.770.19%

Price Comparison

Compare INFY with any stock or ETF
Compare INFY with any stock or ETF
INFY
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.03%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding13.13%17.16%16.61%29.44%23.66%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun30.81%29.75%29.98%30.13%30.47%29.44%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.14%

Top 5 Mutual Funds holding Infosys Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
ICICI Prudential Value Discovery Fund - Growth - Direct Plan

Growth
0.4420%6.91%-0.33%6/93 (0)
ICICI Prudential Technology Fund - Growth - Direct Plan

Growth
0.4372%24.11%0.29%1/75 (0)
ICICI Prudential Bluechip Fund - Growth - Direct Plan

Growth
0.4159%5.08%0.69%6/82 (+2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Infosys Ltd

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

INFY has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 2.43%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹24.30 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateMay 31, 2024

Special
Special | Div/Share: ₹8.00

Dividend/Share

8.00

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateMay 31, 2024

Final
Final | Div/Share: ₹20.00

Dividend/Share

20.00

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateOct 25, 2023

Interim
Interim | Div/Share: ₹18.00

Dividend/Share

18.00

Ex DateEx Date

Oct 25, 2023

Cash Dividend

Ex DateEx DateJun 2, 2023

Final
Final | Div/Share: ₹17.50

Dividend/Share

17.50

Ex DateEx Date

Jun 2, 2023

Cash Dividend

Ex DateEx DateOct 27, 2022

Interim
Interim | Div/Share: ₹16.50

Dividend/Share

16.50

Ex DateEx Date

Oct 27, 2022

News & Opinions
Market Overview
Sensex, Nifty end with minor gains; media shares outperform

The domestic equity indices ended with limited gains on Monday. The Nifty traded above the 25,300 level after hitting the day's low of 25,336.20 in early afternoon trade. Media, metal and realty shares advanced while FMCG, IT and pharma shares declined. As per provisional closing, the S&P BSE Sensex rose 97.84 points or 0.12% to 82,988.78. The Nifty 50 index added 27.25 points or 0.11% to 25,383.75. The Sensex and Nifty clocked an all-time high of 83,184.34 and 25,445.70, respectively in morning trade. In the broader market, the S&P BSE Mid-Cap index rose 0.01% and the S&P BSE Small-Cap index rose 0.28%. The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit a record high of 49,506.01 and 57,502.74 respectively. The market breadth was positive. On the BSE, 2,169 shares rose and 1,942 shares fell. A total of 90 shares were unchanged. Economy: India's forex reserves jumped $ 5.248 billion to a new all-time high of $ 689.235 billion for the week ended September 6, the Reserve Bank of India said on Friday. The overall kitty had jumped by $ 2.299 billion to a record $ 683.987 billion for the previous reporting week. For the week ended September 6, foreign currency assets, a major component of the reserves, increased by $ 5.107 billion to $ 604.144 billion, the data showed. New Listing: Shares of Bajaj Housing Finance closed at Rs 164.99 on the BSE, representing a premium of 135.70% as compared with the issue price of Rs 70. The scrip was listed at Rs 150, exhibiting a premium of 114.29% to the issue price. The stock has hit a high of 164.99 and a low of 147. On the BSE, over 608.91 lakh shares of the company were traded in the counter. Shares of Tolins Tyres closed at Rs 238.30 on the BSE, representing a premium of 5.44% as compared with the issue price of Rs 226. The scrip was listed at Rs 227, exhibiting a marginal premium to the issue price. The stock has hit a high of 227 and a low of 226.50. On the BSE, over 2.20 lakh shares of the company were traded in the counter. Shares of Kross closed at Rs 257.55 on the BSE, representing a premium of 7.31% as compared with the issue price of Rs 240. The scrip was listed at Rs 240, matching the issue price. The stock has hit a high of 271 and a low of 231.80. On the BSE, over 25.86 lakh shares of the company were traded in the counter. IPO Update: The initial public offer (IPO) of Western Carriers (India) received 8,41,70,673 bids for shares as against 2,08,68,467 shares on offer, according to stock exchange data at 15:15 IST on Monday (16 September 2024). The issue was subscribed 4.03 times. The issue opened for bidding on Friday (13 September 2024) and it will close on Wednesday (18 September 2024). The price band of the IPO is fixed between Rs 163 to Rs 172 per share. An investor can bid for a minimum of 87 equity shares and in multiples thereof. The initial public offer (IPO) of Northern Arc Capital received 4,44,64,332 bids for shares as against 2,14,78,290 shares on offer, according to stock exchange data at 15:15 IST on Monday (16 September 2024). The issue was subscribed 2.07 times. The issue opened for bidding on Monday (16 September 2024) and it will close on Thursday (19 September 2024). The price band of the IPO is fixed between Rs 249 to 263 per share. An investor can bid for a minimum of 57 equity shares and in multiples thereof. The initial public offer (IPO) of Arkade Developers received 10,21,53,040 bids for shares as against 2,37,75,719 shares on offer, according to stock exchange data at 15:15 IST on Monday (16 September 2024). The issue was subscribed 4.30 times. The issue opened for bidding Monday (16 September 2024) and it will close on Thursday (19 September 2024). The price band of the IPO is fixed between Rs 121 to 128 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof. Buzzing Index: The Nifty Media rose 0.99% to 2,139.50. The index added 3.07% in the three consecutive trading sessions. TV18 Broadcast (up 4.68%), Network 18 Media & Investments (up 3.45%), Sun TV Network (up 2.45%), Hathway Cable & Datacom (up 2.26%), PVR Inox (up 2.08%), Nazara Technologies (up 1.76%) advanced. On the other hand, Tips Industries (down 2.28%), Zee Entertainment Enterprises (down 0.8%) and Saregama India (down 0.46%) edged lower. Stocks in Spotlight: Infosys rose 0.04%. The IT major announced a collaboration with the Life Insurance Corporation of India (LIC) to spearhead its digital transformation initiative called DIVE (Digital Innovation and Value Enhancement). Adani Power jumped 5.12% and Adani Green Energy surged 7.67%. The said companies will sign a long term power purchase agreement (PPA) and supply power agreement (SPA) with Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 6600 MW hybrid solar and thermal power. Central Depository Services (India) (CDSL) rallied 4.25% after its board approved the appointment of Nehal Vora as the managing director (MD) & chief executive officer (CEO) for a term of five years effective from 18 September 2024. Torrent Power rose 0.96%. The company informed that it has committed investments of over Rs 64,000 crore for green or renewable energy projects at 'RE-Invest 2024' with potential employment of 26,000. JSW Energy rose 0.75%. The company announced that its step-down subsidiary, JSW Renew Energy Two, has completed commissioning for the 300 MW ISTS-connected wind power project awarded by Solar Energy Corporation of India (SECI) tranche X located at Tuticorin, Tamil Nadu. HEG rallied 3.65% after the company informed that its board has approved the enhancement of existing investment limit from Rs 200 crore to Rs 250 crore in one or more tranches. The Phoenix Mills advanced 5.42% after the company said that its board has approved issuance of one bonus equity share for every one existing equity share held (1:1). Exide Industries 1.15% after the company informed that it has invested Rs 99.99 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL) by way of subscription to share capital on right basis. Oriental Rail Infrastructure fell 0.20%. The company announced that it has secured an order worth Rs 1.42 crore from Integral Coach Factory (ICF), Chennai, Indian railways. Lumax Auto Technologies (LATL) surged 10.09% after the company has signed an agreement to acquire 100% stake in Greenfuel Energy Solutions (Greenfuel) from its existing shareholders to foray into the green and alternate fuels segment. Global Markets: Most European shares declined while most Asian stocks ended higher on Monday as investors braced for a significant week of interest rate decisions from the U.S. Federal Reserve and the Bank of England. Hong Kong stocks falling as investors assessed downbeat economic data from China, while several key markets were closed for holidays. China's economy continued to weaken in August, with factory output, consumption, and investment all declining more than expected. Home prices fell at the fastest pace since 2014, prompting the People's Bank of China to signal more monetary easing and a heightened focus on combating deflation. Sentiment in Asia was also dampened following a second assassination attempt on US presidential candidate Donald Trump. He was later taken to safety. US stocks closed higher on Friday ahead of the Federal Reserve's upcoming policy meeting. The S&P 500 gained 0.54%, the tech-heavy Nasdaq Composite added 0.65%, and the Dow Jones Industrial Average jumped 0.72%, marking their fifth consecutive winning day. Wall Street is now looking ahead to the Fed's meeting on September 17-18, where a 25-basis-point interest rate cut is widely expected. The current target rate stands at 5.25% to 5.5%. Economic data indicating a moderation in inflation further supports the case for a rate cut. The consumer price index in August rose 2.5% year-over-year, the lowest level since February 2021. Wholesale prices increased by 0.2% in August, in line with expectations. Powered by Capital Market - Live

2 days agoCapital Market - Live
Spotlight
Infosys collaborates with LIC to accelerate digital transformation

As part of the collaboration, Infosys will enable the creation of a cutting-edge NextGen digital platform, which will focus on delivering seamless omnichannel engagement and data-driven hyper-personalized experiences to LIC's customers, agents and employees. Infosys was selected by LIC for its extensive experience in executing large-scale digital transformation projects and its deep expertise in the banking, financial and insurance sectors. The company will provide LIC with turnkey system integration services using AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt. Infosys Cobalt is a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, while Infosys Topaz, an AI-first offering suite, enhances Cobalt with generative AI capabilities. In addition, firm will help establish the necessary infrastructure for digital transformation and ensure ongoing monitoring and maintenance once the platform is operational. The NextGen Digital Platform will enable LIC realize the objectives of DIVE, which is to deliver best in class digital initiatives for all its stakeholders, customers, intermediaries and the marketing team. The platform will also serve as an open platform, enabling swift integration with FinTech companies and bancassurance partners. Siddhartha Mohanty, CEO&MD of LIC, said, 'Our collaboration with Infosys marks a significant milestone in our digital transformation journey. It will not only enhance our operational capabilities, but also enable us to cater to our vast customer, agent and employee base with newer, more personalized experiences. We are committed to leveraging the latest technologies that Infosys has to offer, including Cloud and Enterprise AI, to drive innovation and improve our offerings.' Salil Parekh, CEO&MD of Infosys, said, 'By leveraging Infosys' extensive experience in digital transformation initiatives and prowess in AI and Cloud, we aim to equip LIC with a robust digital infrastructure that will deliver superior customer engagement, enhance operational efficiency and enable rapid market responsiveness. Through this collaboration, we are confident that LIC will be uniquely positioned to offer unparalleled service and value to their stakeholders.' LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. Infosys is a global leader in next-generation digital services and consulting. Shares of Infosys shed 0.40% to Rs 1,936.60 while those shares of LIC declined 0.73% to Rs 1,026.45 on the BSE. Powered by Capital Market - Live

2 days agoCapital Market - Live
Corporate
Infosys undertakes project of LIC's significant digital transformation

Infosys announced its collaboration with the Life Insurance Corporation of India to spearhead its digital transformation initiative called DIVE (Digital Innovation and Value Enhancement). As part of the collaboration, Infosys will enable the creation of a cutting-edge NextGen Digital Platform, which will focus on delivering seamless omnichannel engagement and data-driven hyper-personalized experiences to LIC's customers, agents and employees. Infosys was selected by LIC for its extensive experience in executing large-scale digital transformation projects and its deep expertise in the banking, financial and insurance sectors. Infosys will provide LIC with turnkey system integration services using AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt. Infosys Cobalt is a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, while Infosys Topaz, an AI-first offering suite, enhances Cobalt with generative AI capabilities. In addition, Infosys will help establish the necessary infrastructure for digital transformation and ensure ongoing monitoring and maintenance once the platform is operational. The NextGen Digital Platform will enable LIC realize the objectives of DIVE, which is to deliver best in class digital initiatives for all its stakeholders, customers, intermediaries and the marketing team. The platform will also serve as an open platform, enabling swift integration with FinTech companies and Bancassurance partners.Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Infosys to hold board meeting

Infosys will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live

5 days agoCapital Market - Live
Corporate
Infosys collaborates with Clearstream (part of Deutsche B'rse)

Infosys announced that it has collaborated with Clearstream, the post-trade services part of Deutsche B'rse, an international exchange organisation and leading provider of market infrastructure. The collaboration supported the successful Generation 2 launch of Clearstream's D7 platform, an innovative digital post-trade platform that allows market participants to issue securities digitally. Within the project, Infosys assisted Clearstream in driving end-to-end implementation, customization, and deployment alongside go-live and aftercare support. The platform has set a foundation of institutional grade, digital asset infrastructure to unlock the tremendous value of asset tokenization and digital assets.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Infosys and Proximus Group announce strategic collaboration to unlock synergies

Infosys and Proximus Group, Belgium's leading digital services and communication solutions provider announced a strategic collaboration to help unlock new business opportunities. The new strategic collaboration will focus on a joint go-to-market approach that will use best-in-class products of Proximus' International affiliates, including Route Mobile's Communications Platform as a Service (CPaaS) and Telesign's Digital Identity (DI) solutions. This combined with Infosys digital services will drive innovation in omnichannel customer engagement and AI-driven digital assistants for their customers. The collaboration will enhance digital security by providing robust DI and fraud protection solutions, ensuring trusted communication online. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Stock Alert: Infosys, Pharma Companies, Dixon Tech, GMR Airports, IRB Infra

Securities in F&O ban: Aditya Birla Fashion and Retail (ABFRL), Balarampur Chini Mills, Bandhan Bank, Biocon, Chambel Fertilisers & Chemicals, Hindustan Copper, RBL Bank. Stock to watch: Infosys said that Securities and Exchange board of India (SEBI) on Monday lofted restrictions placed on employees of the company and connected entities and dismissed charges of insider trading against them. Shares of Pharma companies will be in focused as the GST rate on cancer drugs namely, Trastuzumab Deruxtecan, Osimertinib, and Durvalumab, will be reduced from 12% to 5%. Shares of Snack-making Companies will likely impacted as GST rate for extruded or expanded savoury snacks will be reduced from 18% to 12%. Dixon Technology(India)'s subsidiary, Padget Electronics has signed MoU with HP India sales to manufacturing notebooks, desktops and all-in one PCs. IRB Infrastructure August gross toll collection was up 20% at Rs 503 crore. GMR Airports Infrastructure has signed a share purchase agreement with Fraport AG Frankfurt Airport services worldwide to acquire 10% equity stake in Delhi International Airport for $126 million. Ahluwalia Contracts has bagged two orders worth Rs 1,307 crore from Signature Global Business Park and Signature Homes for a group housing project. PNB Housing Finance's board has approved for issuance of non-convertible debentures (NCDs) upto Rs 2,500 crore in private placement basis, in tranches over the next six months.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Infosys collaborates with The Financial Times

Infosys and the Financial Times announced the digital revival of a pioneering piece of economic history'the Monetary National Income Analogue Computer (MONIAC) ' courtesy of a groundbreaking new virtual reality experience, the 'FT Money Machine'. Infosys and The Financial Times have taken economist Bill Phillips' original invention, a hydraulic analog computer created in 1949 that used water to model and study economic systems, as the foundation for a unique Extended Reality (XR) project which revolutionizes how we learn about economics and ensures education at scale. Emphasizing on 'learning by doing', the new XR app, accessible through Apple Vision Pro and available in the Apps Store, faithfully recreates the Moniac's functionality while adding new, interactive features. This approach bridges the gap between historical analogue computing and modern digital learning, offering an unparalleled educational experience to the global student community. Users of The FT Money Machine will not only experience the full operation of The Moniac but also can explore and create their own economic scenarios in free play mode. They will be able to interact with the machine using intuitive gestures such as eye tracking, hand movements, and voice commands, allowing them to adjust variables like consumption, taxation, and investment to see real-time impacts on the economy, as well as understand complex economic interactions, predict outcomes of various policy decisions, and enhance economic modelling techniques. The FT Money Machine also incorporates the academic backing of the London School of Economics (LSE) and Cambridge University, home to one of the last working original Moniacs. It leverages the creative design and build expertise from WongDoody, Infosys' human experience agency, where WongDoody helped ensure that the FT Money Machine app exceeds user expectations in a seamless blend of historical significance and cutting-edge technology. The FT Money Machine's three-dimensional interface will offer a comprehensive educational tool for students, educators, researchers, and economic enthusiasts, providing a hands-on learning experience that illustrates economic principles in a way that is both engaging and insightful. By embracing new immersive technologies, it will help transcend the limitations of traditional educational tools, making economic education more effective and accessible    Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Infosys allots 19,729 equity shares under ESOP

Infosys has allotted 19,729 equity shares under ESOP. Consequently, on 29 August 2024, the issued and subscribed share capital of the Company stands increased to Rs 20,76,06,73,405/- divided into 4,15,21,34,681 equity shares of face value of Rs 5/- eachPowered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Stock Alert: Infosys, CDSL, Great Eastern Shipping, Samman Capital, ITI, Jai Corp, Lemon Tree Hotels

Infosys expands its collaboration with Nvidia to introduce high performance generative AI powered telco solutions based on Nvidia NIMs. Central Depository Services (India) (CDSL) said that the Securities and Exchange Board of India (SEBI) has approved the appointment of Nehal Vora as a managing director & chief executive officer (CEO) of the company. Great Eastern Shipping has contracted to sell its 2011-built Supramax dry bulk carrier, Jag Rani to an unaffiliated third party. The Vessel will be delivered to the new buyer by the third quarter of the financial year 2025. Samman Capital's board approved raising up to Rs 30,000 crore through non convertible debentures (NCDs). Poonawalla Fincorp's board has approved the appointment of Bhaskar Pandey as chief risk officer for five years. 3M India said that National Company Law Tribunal (NCLT), Bengaluru has approved the scheme of Amalgamation of 3M electro & Communication India with the company. The appointed date of the scheme is 1 April 2023. Jai Corp's board has approved the buyback of upto 29.44 Lakh shares (equivalent to 1.65%of total equity ) for upto Rs 177.8 crore, at a price of Rs 400 per share. The record date for the buyback has been set as 10 September 2024. ITI has received its first electronic voting machine (EVM) order from the State Election Commission (SEC) of West Bengal for the supply of 500 sets of electronic voting machines. Lemon Tree Hotels has signed a license agreement for 72-room hotel property in Ayodhya, Uttar Pradesh. The property will be managed by its subsidiary, Carnation Hotels, and is expected to open in FY26.Powered by Capital Market - Live

2 weeks agoCapital Market - Live