A sharp fall in Infosys after the Q1 results led the markets down sharply by more than 600 points on Friday.
Infosys ADR slumped by more than 9 per cent in pre-market trade after the company cut revenue guidance.
Tech major Infosys on Tuesday launched Topaz -- an AI-first set of services, solutions and platforms using generative AI technologies to empower global firms, the company announced.
The company’s board has selected D Sundaram to take over as the lead independent director of the company in her place.
Software giant Infosys on Friday declared an interim dividend of Rs 16.50 per equity share for shareholders for the year 2022-23, while Akshata Murthy, wife of UK Prime Minister Rishi Sunak, will get a dividend of Rs 64.27 crore.
Software giant Infosys softening its stand on moonlighting has allowed its staffers to take up external work with prior permission, sources stated on Friday. The company has intimated to the employees its new policy through email.
The 30 stock S&P BSE Sensex closed 684.64 points or 1.20 per cent higher at 57,919.97 points against its previous day's close at 57,235.33 points. Earlier, the Sensex started the day sharply higher at 58,162.74 points and surged to a high of 58,435.12 points in the intra-day. The Sensex pared part of the gains due to profit-taking in the last hour of the trade. It touched a low of 57,848.23 points in the intra-day.