Infosys and Liberty Global have entered into an initial 5-year agreement, with an option to extend to 8 years and beyond. Infosys will provide services to Liberty Global estimated at 1.5 billion euros.
Infosys Shares: Shares of Infosys tanked 9 per cent in early trade on Monday, wiping out Rs 47,907.7 crore from its market valuation, after the company's March quarter earnings came in below expectations.
Private sector lender HDFC Bank and IT major Infosys, which together hold nearly 18 per cent weightage in the Nifty index, retreated up to 9 per cent after lower-than-expected financial results for the quarter ended March 31.
Seven out of 10 firms add Rs 75,845 crore in m-cap; HDFC biggest gainer
Apart from HDFC duo, Tata Consultancy Services, Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were other gainers; RIL, Hindustan Unilever and Bharti Airtel saw erosion in their market valuation
PTI | January 4, 2021 | Updated 01:03 IST
Seven of the top-10 most valued domestic firms together added Rs 75,845.46 crore in market valuation in the past week, with HDFC twins emerging as the biggest gainers.
Apart from HDFC duo, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were other gainers.
On the other hand, Reliance Industries Limited (RIL), Hindustan Unilever Limited and Bharti Airtel saw erosion in their market valuation.