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Infosys completes acquisition of 75 pc stake in ABN AMRO Bank subsidiary Stater
Posted on 24th May 2019
New Delhi: IT services major Infosys on Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank's wholly-owned Stater NV.

In March, the country's second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore). ABN AMRO continues to hold the remaining 25 per cent.


Infosys grants stock units worth Rs 10 crore to CEO Salil Parekh
Posted on 17th May 2019
Infosys’ board on Thursday proposed granting equity shares worth Rs 10 crore to Chief Executive Officer Salil Parekh as part of a new stock incentive plan aimed at retaining talent.

Chief Operating Officer and Whole-time Director UB Pravin Rao will get shares worth Rs 4 crore. In all, 50 million shares will be allocated to employees, subject to shareholders’ approval, under the initiative called ‘Infosys Expanded Stock Ownership Program 2019’.


Infosys chairman Nandan Nilekani says data empowerment to benefit all segments of society
Posted on 23rd April 2019
Infosys Technologies co-founder and chairman Nandan Nilekani on Monday said India’s digital infrastructure will play a major role in reviving its economy.

Nilekani was addressing members of the Federation of Indian Chambers of Commerce and Industry (Ficci) at the national executive committee meeting on ‘Digital India and its Impact on Economy and Industry’ held in Bengaluru.


Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates
Posted on 13th April 2019
Infosys on Friday posted a mixed set of numbers for the March quarter as well as the entire financial year 2018-19 (FY19) but gave a muted estimate on revenue growth for the current year, apart from slashing its operating margin forecast for the second consecutive year.

Despite clocking 9 per cent revenue growth in constant currency terms for FY19 against its guided range of 6.5-8.5 per cent for the period, the country’s second-largest information technology services company guided for only 7.5-9.5 per cent revenue growth in FY20.


Infosys hits new high of Rs 774 ahead of March quarter results
Posted on 9th April 2019
Infosys shares hit a new high of Rs 774, up 1 per cent, on the BSE in early morning trade on Tuesday ahead of its January-March quarter (Q4FY19) results on Friday. The stock has surpassed its previous high of Rs 771 touched on February 8, 2019, in intra-day trade.

In the past three weeks, Infosys has outperformed the market by gaining 9 per cent, after the IT major commenced buyback offer on March 20. In comparison, the benchmark S&P BSE Sensex was up 2 per cent and the sector index S&P BSE IT index was up 6 per cent during the same period.


Infosys nears record high; stock up 5% in one week
Posted on 2nd April 2019
Infosys shares were trading higher for the fifth straight day, up 1.3 per cent, at Rs 765 on Tuesday in intra-day trade, gaining 5 per cent in one week on the BSE. In comparison, the benchmark S&P BSE Sensex was up 2 per cent during the week.

The stock was trading close to its all-time high of Rs 771 touched on February 2, 2019 on the BSE. It has recovered 8 per cent from its recent low of Rs 710 on March 18, against 2.5 per cent rise in the benchmark index.


Private Banks, Reliance Industries, Infosys take Sensex to new high
Posted on 1st April 2019
A sharp rally in three private sector banks – HDFC Bank, ICICI Bank and Axis Bank – that have gained over 10 per cent each from their August 29, 2018 level helped the benchmark index S&P BSE Sensex breeze past the 39,000 mark and hit a new high on Monday. The benchmark index surpassed its previous high of 38,990 recorded on August 29, 2018 in intra-day deals.

The Nifty50, too, breached the 11,700 level for the first time since September 2018 to hit an intra-day high of 11,716.


Infosys to acquire ABN Amro arm Stater for $143.53 million
Posted on 29th March 2019
Infosys, through its wholly owned subsidiary Infosys Consulting, is set to acquire 75% of Stater NV — a wholly owned subsidiary of ABN Amro Bank NV— that offers pure-play, end-to-end mortgage administration services in the Netherlands, Belgium and Germany. The cash transaction, which is expected to close in the first quarter of fiscal year 2020, will amount to €127.50 million ($143.53 million), Infosys said.

Infosys to invest $10 mn in California-based The House Fund II
Posted on 25th March 2019
IT company Infosys Friday said it would invest $10 million (nearly Rs 70 crore) in California-based artificial intelligence-focussed The House Fund II.

"The company announced today that it will be entering into an agreement with The House Fund II, LP, an AI-focused fund targeting start-ups from the University of California, Berkeley, committing to invest $10 million," the company said in a note.


Infosys to invest $10 mn in California-based The House Fund II
Posted on 23rd March 2019
IT company Infosys Friday said it would invest $10 million (nearly Rs 70 crore) in California-based artificial intelligence-focussed The House Fund II.

"The company announced today that it will be entering into an agreement with The House Fund II, LP, an AI-focused fund targeting start-ups from the University of California, Berkeley, committing to invest $10 million," the company said in a note.


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