Infosys Q1 net profit up 17.3%, sees 1.3% lower FY revenues
Infosys Technologies Ltd, India's second largest software company, Friday reported a 17.3% higher first quarter net profit on 12.7% growth in revenues, and said it sees its full year revenues between Rs214.2 billion to Rs217.5 billion.

For the quarter to end-March, the software company said its net profit rose to Rs15.3 billion from Rs13 billion while total revenues increased to...

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  • Marching Ahead

     

    Financial Technologies rose 31%, Jaiprakash rose 30%, Nava Bharat 24% and Wipro 20%

    Gainers: Financial Technologies has sold 5% stake in MCX Stock Exchange (MCX-SX) at Rs35 per share to IFCI for Rs250 crore in line with its strategy to bring down its holding below 51%. The stock shot up 31%. Jaipraksh Associates and Nava Bharat Ventures gained 30% and 24%, respectively. Wipro posted a 12%...

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  • Rupee See-Saw
    The currency markets have been adjusting the valuation of the US dollar over the past six years. Its trade-weighted index now, at 80, appears fairly adjusted against all the major currencies compared to its peak of 120 in mid-2002. Viewed against this performance of the US dollar against major currencies, at around its current price of Rs48, the Indian rupee has gained about 3%...
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