Tue, May 30, 2023 9:46 AM
Jaypee Infratech defers approval of financial statements for March 2023
A Flip by Gaurav
Shares of technology giant Infosys saw a decline of up to 2% on Friday, April 19, following the company's announcement of missing revenue estimates and providing a softer guidance for the financial year 2025. The US-listed shares of Infosys managed to recover slightly, trading 1% down at the opening after experiencing an 8% drop in pre-market trading on Thursday.
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India’s second-largest IT services company Infosys on April 18 reported its highest ever large deal total contract value (TCV) at $17.7 billion for FY24, with 52 percent being net new. The company recorded large TCV deals worth $4.5 billion for the fourth quarter ending March 31, 2024. This was despite a challenging macroeconomic environment and an ongoing slowdown in discretionary spending.
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Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. "I would pin that in the first half (of fiscal 2025)," Dinesh Thapar, Bajaj Auto's financial chief, said in a post-earnings call when asked about the goal's trajectory. "Consider between now and September," he said.
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