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Infosys Ltd

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  • NEW DELHI, July 2- For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace a chaotic structure that inflates costs and halts their trucks at state borders for duty payments, and to unify the country into one of the world's largest single markets. India's top business groups are now calling for a slowdown in the process as they try to...

  • June 25- Accenture Plc raised its full-year revenue forecast for the third time, reflecting continued strong demand for the company's consulting and outsourcing services. Accenture raised its full-year revenue growth forecast to 9-10 percent on a local currency basis. New York- based Accenture's rivals include India's Infosys Ltd and Tata Consultancy...

  • NEW DELHI, May 11- India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday. The BRICS- Brazil, Russia, India, China and South Africa- agreed to set up the $100 billion development bank last July, in a step toward reshaping...

  • May 4- IT service provider Cognizant Technology Solutions Corp reported a better-than-expected 20 percent jump in quarterly revenue, helped by higher spending by healthcare and financial service clients in North America. Like its Indian rivals Tata Consultancy Services, and Infosys Ltd, Cognizant gets the largest chunk of its revenue from financial...

  • MUMBAI, March 25- India's third-largest IT services exporter Wipro is setting up a "commando force" unit next month that will target clients seeking to speed up automation and do more business online, an executive told Reuters. "We believe there is a lot of opportunity and a lot of money that our clients can save and that we can make," Kohli, the former head of Wipro's...

  • Feb 4- Cognizant Technology Solutions Corp's fourth-quarter revenue rose more than expected and the IT services provider forecast a pick up in annual revenue growth as healthcare and financial services clients in North America boost spending. The company shares rose as much as 6 percent to a record high of $58.38 on Wednesday. Like its Indian rivals Tata...

  • Asian stocks mixed on US wage slump, oil jitters Monday, 12 Jan 2015 | 8:09 AM ET

    Asian stock indices started the new week mixed, as trading sentiment was tame after last Friday's U.S. nonfarm payrolls report gave a mixed view of the U.S. economy.

  • Infosys shares rise as it sticks to growth targets Friday, 9 Jan 2015 | 12:21 PM ET
    Employees walk past an Infosys Ltd. logo at the company's campus in Electronics City in Bangalore, India.

    Infosys shares rose after it reaffirmed its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar.

  • *AbbVie forecast 2015 earnings above expectations. NEW YORK, Jan 9- U.S. stocks were poised to open little changed on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and following a stronger-than-expected monthly payrolls report. "What we are seeing is a tug of war between the worries about slowing global growth...

  • BENGALURU, Jan 9- Shares in software services exporter Infosys Ltd rose almost 7 percent on Friday after it surprised investors by sticking to its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar. Infosys, which posted a 13 percent rise in third-quarter profit, confirmed it expects sales growth of 7 to 9 percent...

  • *AbbVie forecast 2015 earnings above expectations. NEW YORK, Jan 9- U.S. stock index futures were lower on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and ahead of a key report on the labor market. *The S&P 500 added 3 percent over the last two sessions, retracing a good portion of its 4.2 percent loss in the previous...

  • Early movers: GPS, SBUX, SHOO, BHI & more Friday, 9 Jan 2015 | 7:56 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • *AbbVie forecast 2015 earnings above expectations. NEW YORK, Jan 9- U.S. stock index futures were lower on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and ahead of a key report on the labor market. *AbbVie forecast 2015 earnings largely above analysts' average estimate after the close on Thursday, betting on its...

  • BENGALURU, Jan 9- India's second-largest software services exporter Infosys Ltd beat forecasts and maintained its sales growth outlook for the year, citing strong demand from clients in its largest market the United States. Infosys kept the outlook after it posted a higher-than-expected 13 percent increase in net profit for the quarter ended December 31 on...

  • Infosys Q3 profit up 13 percent, beats estimates Friday, 9 Jan 2015 | 2:32 AM ET

    MUMBAI, Jan 9- Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on Friday, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients including Apple Inc, Wal-mart Stores and Volkswagen, said profit in the quarter ended December 31...

  • Accenture raises revenue outlook after strong 1Q Thursday, 18 Dec 2014 | 12:02 PM ET

    Accenture raised its revenue forecast for fiscal 2015 after contract wins helped it post better-than-expected first-quarter earnings and revenue.

  • Infosys CEO: Don't sweat founders' stock sale Tuesday, 9 Dec 2014 | 1:56 PM ET
    Vishal Sikka, chief executive officer of Infosys Ltd.

    Sikka also said he sees a positive growth environment in India, given the country's increasing adoption of digital technologies.

  • Early movers: CBST, MRK, EBAY, SBUX, INFY & more Monday, 8 Dec 2014 | 7:52 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • NR Narayana Murthy: India poised for growth Thursday, 6 Nov 2014 | 6:28 PM ET
    ounding member of Infosys, N.R. Narayana Murthy, speaks at a press conference at the company's headquarter in Bangalore.

    N.R. Narayana Murthy, the billionaire founder of Infosys, says he expects robust growth ahead for India.

  • King dollar question mark for earnings and stocks Monday, 13 Oct 2014 | 6:44 AM ET
    Traders on the floor of the New York Stock Exchange.

    Even after Friday's jobs report fueled the market's rally, stocks could be in for more bumps, as the first trickle of earnings reports begin.