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Infosys Share Price Live Updates: Infosys faces a downturn in its market performance.
Stocks in news: Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Tata Motors
Indian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, and Infosys are in focus due to significant developments. Vedanta saw a major promoter stake sale, while Honasa Consumer plans an acquisition. Bajaj Auto reported a ransomware attack, and IRCTC's CMD resigned.
Shareholders quiz Infosys on AI hit as stock nears six-year low
Shares of India's second largest information technology service provider fell 3.4% on Tuesday, approaching a six-year low, despite the management sharing opportunities presented by the technology.
What’s likely to move markets in the next trading session on June 24?
Investors will also track the Indian Railway Finance Corporation's Offer for Sale, while comments from Infosys Chairman Nandan Nilekani on the company's AI engagements with clients remain in focus.
Stocks to Watch for June 24: Infosys, IRFC, Honasa Consumer, Delhivery and more
Infosys expands GlobalFoundries AI IT deal, NLC India and IOCL plan green JV, YES Bank, Delhivery, IRFC, Honasa Consumer and Satin Creditcare announce moves. Here are few stocks to track ahead of Wednesday's trading session.
Infosys expands multi-year deal with GlobalFoundries for AI-led IT operations
Shares of Infosys Ltd ended at ₹1,029.55, down by ₹35.85, or 3.36%, on the BSE.
Infosys Says AI Won't Replace It, But Admits Need For Fresh Learnings, New Mental Models
Infosys' senior executive official noted that the AI era requires fresh learning and new mental models.
Infosys AGM: 'AI won't replace firms like ours', says Nandan Nilekani
Infosys Chairman Nandan Nilekani said the company is working with 90% of its top 200 clients on their AI journeys and argued that AI will not replace IT services firms. Nilekani said a significant AI deployment gap remains across large enterprises, while CEO Salil Parekh reiterated Infosys' annual AI services revenue run rate of about $1 billion.
Infosys Hirings: 20,000 Freshers Added In A Year Amid AI Bets
Infosys also secured 96 large deals during the year with a total contract value (TCV) of $14.9 billion, underscoring continued client demand for digital transformation and technology services.
Nifty June futures trade at discount
HDFC Bank (India) Infosys and Tata Consultancy Services were the top traded contract.
Top Gainers & Losers on June 23: Vedanta, Hindustan Zinc, Infosys, TCS, Bank of Baroda among top losers - Mint
Top Gainers & Losers on June 23: Vedanta, Hindustan Zinc, Infosys, TCS, Bank of Baroda among top losersMint
Nifty IT index slips 2%; TCS, Infosys, HCL Tech, LTM, Wipro down up to 3%
In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.