Infosys has flagged off concerns around increased rejection of work visa applications, and said this could result in delays and increase in project costs for its clients.
Delhi Deputy Chief Minister Manish Sisodia on Friday said that the government should either completely abolish the 28 per cent tax bracket or reserve it only for "sin goods."
IT major Infosys' philanthropic arm (Infosys Foundation) on Thursday signed an agreement to build and maintain a metro rail station in the Electronics City on Bengaluru's southern outskirts, said an official on Thursday.
India's second largest software company Infosys today said it sees a "good" demand environment in large markets such as the US and Europe, but stuck to the previously-set revenue growth target of 6-8 per cent for the full financial year.
The BSE Sensex retreated from record high to end flat at 36,541.63 today as investors booked profits in recent gainers despite firm global cues.
The country's second-largest software services major Infosys today reported 3.7 per cent growth in consolidated net profit at Rs 3,612 crore for the quarter ended on June 30, 2018, compared to a net profit of Rs 3,483 crore in the year-ago period.
Shares of Infosys today rose by over 2 per cent ahead of its June quarter results. The IT major's stock settled at Rs 1,309.10, up 1.12 per cent on the BSE.
Indian market will react to June IIP data which was at 8-month low at 3.2%. June CPI Data inched higher at 5% vs 4.87% MoM.
BSE Sensex soared over 400 points to hit its record high after Reliance Industries (RIL) reclaimed USD 100 billion (approx Rs 6,86,604 crore) market capitalisation as its shares a hit 52-week high today.
Key Asian indices are trading in the red as concern over a global trade war resurfaced after the US said it would slap tariffs on extra $200 bn worth of Chinese imports.