Market valuation of six of top 10 valued domestic firms erode by Rs 1.71 lakh crore
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
IT major Infosys on Thursday reported 11.5 per cent increase in net profit at Rs 6,806 crore in the third quarter (Q3) this fiscal, from Rs 6,106 crore in the year-ago period.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
IT major Infosys has reportedly deferred the annual salary hike in the fourth quarter of FY 2024-25. The company last implemented a salary hike in November 2023.
The combined market valuation of four of the top10 most valued firms eroded by Rs 96,605.66 crore last week.
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
With the announcement of Q4 results on Thursday, Infosys has declared a final dividend of Rs 20 and a special dividend of Rs 8, i.e. a total dividend of Rs 28 to its shareholders.
There is a standoff between the two tech giants over senior management staff.
IT major Infosys on Saturday announced that a global client has decided to terminate the Memorandum of Understanding (MoU) for a $1.5 billion deal focused on artificial intelligence (AI) solutions.
Murthy stressed the need to create 2,500 institutions to train primary and secondary school teachers by spending $20 billion over the next two decades.
