Breaking news: Infosys has slashed its FY24 growth guidance by more than half as clients defer decisions and starting dates. This is a major shift in the IT sector, with potential implications for many businesses.
India’s technology services sector has officially hit the slow lane with Infosys cutting its revenue guidance for the financial year by more than half. The company said on Thursday that it expects to grow its revenues between 1%-3.5% in FY24 against 4-7%. The company retain margins between 20%-22% through FY24.Explaining the rationale behind the guidance cut, Salil Parekh, […]
Read More
Reliance Infrastructure shares jump 11% today; here’s what tech charts indicate
Reliance Infrastructure Stock Jumps 10.75% on Heavy Volume Shares of Reliance Infrastructure Ltd rose sharply in Wednesday’s trade amid heavy volumes. The stock jumped 10.75 per cent to hit a day high of Rs 157.15 over its previous close of Rs 141.90. Around 34.20 lakh shares changed hands today on BSE, which was way more […]
Read More