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Infosys Q3: Higher growth guidance drives IT stocks

Infosys Q3: Higher growth guidance drives IT stocks

Shares of information technology (IT) companies were in demand  on Friday, with the National Stock Exchange’s (NSE’s) Nifty IT index rallying 3.3 per cent. Photograph: Vivek Prakash/Reuters This came after Infosys reported steady sequential growth, driven by health care boost

Vi gets a decade to breathe easy on AGR dues; DoT to reassess liabilities

Vi gets a decade to breathe easy on AGR dues; DoT to reassess liabilities

India’s third-largest telecom operator Vodafone Idea (Vi) has secured a 10-year breather on adjusted gross revenue (AGR) payments from the Department of Telecommunications (DoT). Photograph: Anushree Fadnavis/Reuters This is expected to ease pressure on its balance sheet and enable the