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Infosys shares plunge 6% despite beating Q3 estimates, analysts raise concerns

Infosys shares dropped nearly 6% despite beating Q3 estimates, raising concerns about earnings quality

Despite exceeding third-quarter result projections, shares of India's No. 2 IT company, Infosys, dropped about 6% on Friday as analysts expressed scepticism about the calibre of results.(AFP/Idrees MOHAMMED)
Published on Jan 17, 2025 11:40 AM IST
Reuters |

Monthly growth tracking survey by industry body  

This initiative builds on MCCIA’s earlier two-year-long monthly survey assessing post-COVID recovery, which had by the end of the survey period revealed that businesses had achieved 95-100% recovery to pre-pandemic levels

Notably, over 37% of the companies are projecting revenue growth of 20% or more, with the defence and electronic manufacturing industries contributing significantly to this optimistic outlook.  (REPRESENTATIVE PIC)
Updated on Dec 11, 2024 07:50 AM IST

AI-powered innovations make selling easier and more profitable

This article is authored by Ashutosh Prakash Singh, co-founder and CEO, Revrag.AI.

Artificial Intelligence
Published on Nov 16, 2024 09:01 AM IST

Former junior Swiggy employee embezzled 33 crore, investigation launched

Swiggy is using an external team to investigate the case and has also filed a legal complaint against the former junior employee who made off with ₹33 crore

Gig workers prepare to deliver orders outside Swiggy's grocery warehouse at a market area in New Delhi, India, May 6, 2024. (Priyanshu Singh/Reuters)
Published on Sep 06, 2024 10:50 AM IST

Nestle India misses Q1 estimates, posts slowest revenue growth in 8 years

Nestle India reported a net profit of 7.47 billion rupees for the three-month period ended June, missing analysts' estimate of 8.16 billion rupees.

A worker arranges packets of Nestle's Maggi noodles on a shelf inside a supermarket in Mumbai, India.(Reuters)
Updated on Jul 25, 2024 12:27 PM IST
Reuters |
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