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Markets applaud Infosys on its silver jubilee, surges 23% on BSE in 2018
Posted on 14th June 2018
With Infosys all set to complete a quarter century on the Indian bourses, the company's share price has reflected the iconic journey of the tech services firm, touching an all-time high on Wednesday.

The share price of the Bengaluru-headquartered company touched a record high of Rs 1,284 on the BSE, surpassing the previous high of Rs 1,278 on June 3, 2016.

So far in 2018, the company has outperformed the market by surging 23 per cent, compared to a 5 per cent rise in the S&P BSE Sensex.

Starting its journey with a gross revenue of $5 million during its stock market debut on June 14, 1993, Infosys has reached dizzying heights, with a revenue of $10.93 billion in 2017-18.

The company's market cap is also close to $40 billion.

This is no mean feat, given that Infosys' initial share sale witnessed tepid response, and Morgan Stanley had to come to its rescue.
Related Companies: Infosys Technologies Limited   

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L&T buys shares of Mindtree worth Rs44 crore through open market
Posted on 23rd May 2019
MUMBAI: Construction major L&T on Thursday bought shares worth about ₹44.16 crore of Mindtree through open market transactions.

According to the bulk deal data available with the NSE, the firm bought over 0.45 million shares, at an average price of ₹979.91 a share.


Paytm Payment bank turns profitable: Reports net profit of Rs 19 crore in FY19
Posted on 23rd May 2019
Paytm Payments Bank Limited (PPB) Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019. PPBL claimed to lead mobile banking transactions with over 19 per cent market share as of March 2019.

“Nearly a third of the total mobile banking transactions in India are powered by PPB and it processes over Rs 3 lakh crore worth of digital transactions on an annualised basis,” the company said in a statement.


NSE gets interim relief from SAT in co-location case
Posted on 23rd May 2019
The Securities Appellate Tribunal (SAT) on Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case.

However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks. The exchange would have to continue to deposit revenues from the co-location facility to an escrow account.


Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome
Posted on 23rd May 2019
The rupee appreciated by 26 paise to 69.40 against the US dollar in opening trade Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country.

The counting exercise is on in over 4,000 counting centres. Most of the exit polls have predicted that the BJP-led National Democratic Alliance (NDA) is on course to retain power for a second term.


Hulst BV acquires additional 98,100 shares in NIIT Technologies
Posted on 23rd May 2019
New Delhi: Hulst BV has acquired additional 98,100 shares of NIIT Technologies from the open market, taking its shareholding in the mid-sized Indian IT firm to 32.04 per cent, a regulatory filing said on Thursday.

On Wednesday, Hulst BV had acquired 1.23 lakh shares of NIIT Technologies taking its shareholding in the company to 31.88 per cent.


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