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Infosys Ltd

INFY

Infosys Ltd

INFY
Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹8,01,499 cr, stock is ranked 6
Low RiskStock is 1.66x as volatile as Nifty
1,935.100.84% (+16.10)
1,935.100.84% (+16.10)

Price Chart

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Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹8,01,499 cr, stock is ranked 6
Low RiskStock is 1.66x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹8,01,499 cr, stock is ranked 6
Low RiskStock is 1.66x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
30.079.062.38%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.409.331.63%

Forecast & Ratings

Detailed Forecast 
70%
Analysts have suggested that investors can buy this stock

from 40 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.11%, vs industry avg of 11.55%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 18.14% to 20.22%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.24%, vs industry avg of 8.38%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue65,561.0071,534.0073,833.0085,557.0093,594.001,02,673.001,23,936.001,49,468.001,58,381.001,60,041.00
Raw Materialssubtract0.000.000.000.000.000.000.000.000.001,18,255.00
Power & Fuel Costsubtract217.00228.00207.00221.00229.00143.00132.00176.00199.00
Employee Costsubtract34,406.0037,659.0038,893.0045,315.0050,887.0055,541.0063,986.0078,359.0082,620.00
Selling & Administrative Expensessubtract4,450.004,594.004,594.005,561.005,383.003,200.004,316.005,315.005,721.00
Operating & Other expensessubtract6,289.007,399.008,006.0011,408.0012,025.0013,699.0021,716.0027,787.0028,705.00
Depreciation/Amortizationsubtract1,459.001,703.001,863.002,011.002,893.003,267.003,476.004,225.004,678.004,654.00
Interest & Other Itemssubtract0.000.000.000.00170.00195.00200.00284.00470.00484.00
Taxes & Other Itemssubtract5,251.005,598.004,241.005,637.005,413.007,277.008,000.009,227.009,755.009,993.00
EPS29.5131.4035.9535.4838.7045.6152.4057.8663.3964.38
DPS12.1312.8821.7521.5017.5027.0031.0034.0046.0046.00
Payout ratio0.410.410.610.610.450.590.590.590.730.71

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual Report Unavailable

Investor Presentation

Feb 13PDF
Aug 26PDF
FY 2018

Annual Report Unavailable

Investor Presentation

Jun 6PDF
Apr 23PDF
FY 2019

Annual Report Unavailable

FY 2021

Annual report

PDF

Investor Presentation

Dec 7PDF
FY 2022

Annual report

PDF

Investor Presentation

Sep 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyIT Services & Consulting

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Infosys Ltd30.559.062.38%
Tata Consultancy Services Ltd32.7016.441.76%
HCL Technologies Ltd31.717.292.83%
Wipro Ltd24.993.700.19%

Price Comparison

Compare INFY with any stock or ETF
Compare INFY with any stock or ETF
INFY
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.03%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding13.13%17.16%16.61%29.44%23.66%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun30.81%29.75%29.98%30.13%30.47%29.44%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.14%

Top 5 Mutual Funds holding Infosys Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
ICICI Prudential Value Discovery Fund - Growth - Direct Plan

Growth
0.4170%6.53%-0.71%6/92 (0)
ICICI Prudential Technology Fund - Growth - Direct Plan

Growth
0.4114%23.26%-0.55%1/79 (0)
ICICI Prudential Bluechip Fund - Growth - Direct Plan

Growth
0.3807%4.75%0.36%5/85 (+3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Infosys Ltd

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

INFY has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 2.38%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹23.76 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateMay 31, 2024

Special
Special | Div/Share: ₹8.00

Dividend/Share

₹8.00

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateMay 31, 2024

Final
Final | Div/Share: ₹20.00

Dividend/Share

₹20.00

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateOct 25, 2023

Interim
Interim | Div/Share: ₹18.00

Dividend/Share

₹18.00

Ex DateEx Date

Oct 25, 2023

Cash Dividend

Ex DateEx DateJun 2, 2023

Final
Final | Div/Share: ₹17.50

Dividend/Share

₹17.50

Ex DateEx Date

Jun 2, 2023

Cash Dividend

Ex DateEx DateOct 27, 2022

Interim
Interim | Div/Share: ₹16.50

Dividend/Share

₹16.50

Ex DateEx Date

Oct 27, 2022

News & Opinions
Corporate
Infosys collaborates with zooplus, a Munich-based online pet platform

Infosys announced a strategic collaboration with zooplus, a leading European e-commerce company based in Munich, Germany, to enhance its service capability and scalability. The collaboration will establish a state-of-the-art Global Capability Center (GCC) in Hyderabad, India. zooplus will leverage Infosys Topaz, an AI-first offering using generative AI technologies, that will aim to help the company drive AI innovation and growth transform e-commerce capabilities, and enhance operational efficiency. The collaboration will also help improve its marketing, e-commerce, and supply chain capabilities. It will support zooplus by enhancing its expertise in product management, technology, quality, design, and engineering; and set up a new order management system. Infosys was selected for its unique AI-first strategy and its commitment to driving improvements in productivity while achieving cost efficiencies. The GCC will leverage Infosys' data-driven excellence and innovative capabilities to play a pivotal role in transforming zooplus' customer experience, significantly enhancing their technology and value chain capabilities. Powered by Capital Market - Live

1 day agoCapital Market - Live
Live Market Update
Market opens at record high; breadth strong

The headline equity benchmarks traded with minor gains in early trade. The Nifty traded above the 26,200 level. IT, metal and pharma shares advanced while realty, media and auto stocks declined. At 09:30 IST, the barometer index, the S&P BSE Sensex rose 33.33 points or 0.03% to 85,857.68. The Nifty 50 index added 17.55 points or 0.07% to 26,233.60. The Sensex and Nifty clocked an all-time high of 85,955.50 and 26,250.55, respectively in early trade. In the broader market, the S&P BSE Mid-Cap index rose 0.22% and the S&P BSE Small-Cap index gained 0.43%. The market breadth was strong. On the BSE, 1,944 shares rose and 903 shares fell. A total of 114 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 629.96 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,405.12 crore in the Indian equity market on 26 September 2024, provisional data showed. Stocks in Spotlight: Infosys rallied 3.33% after the company announced a strategic collaboration with Sally Beauty to bring enterprise scale IT efficiencies from hyper automation. Indian Bank rose 0.61%. The company's board has approved raising additional long term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 5,000 crore already raised in the current fiscal. Escorts Kubota shed 0.06%. The company's Unit, Escort Kubota Finance received RBI certification to begin NBFC business. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.24% to 6.845 as compared with previous close 6.848. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.6425, compared with its close of 83.6600 during the previous trading session. MCX Gold futures for 4 October 2024 settlement rose 0.06% to Rs 76,296. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.13% to 100.66. The United States 10-year bond yield grew 0.05% to 3.797. In the commodities market, Brent crude for November 2024 settlement lost 24 cents or 0.34% to $70.85 a barrel. Global Markets: Most of the Asian stocks traded higher on Friday as Tokyo's inflation rate for September eased to 2.2% from 2.6%, while core inflation was in line with expectations at 2%. China's central bank cut its 7-day reverse repurchase rate to 1.5% from 1.7%, as well as lowered the reserve requirement ratio for banks by 50 basis points. China's industrial profit data for August saw a 17.8% plunge year on year, following a 4.1% year-on-year increase in July. The People's Bank of China unveiled one of its most aggressive policy packages in years on Tuesday, aimed at boosting the slowing economy and restoring investor confidence. US stocks surged on Thursday, with the S&P 500 reaching a new all-time high. Investors welcomed positive economic data and Micron's strong earnings report. The Dow Jones Industrial Average gained 0.62%, the S&P 500 rose 0.4%, and the tech-heavy Nasdaq Composite increased 0.6%. Micron's shares soared, driving gains in the broader chip sector. The US economy grew at a 3% annual rate in the second quarter, driven by consumer spending, inventory investment, and business investment. Additionally, weekly jobless claims fell to the lowest level since mid-May, indicating a strong labor market. Micron Technology's shares jumped 17.3% after the company forecast higher-than-expected revenue for the upcoming quarter due to strong demand for memory chips.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Stock Alert: Infosys, Indian Bank, Escorts Kubota, Biocon, Jubilant Pharmova

Stocks to watch: Infosys announced strategic collaboration with Sally Beauty to bring enterprise scale IT efficiencies from hyper automation. Indian Bank's board approved raising additional long term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 5,000 crore already raised in the current fiscal. Escorts Kubota's Unit, Escort Kubota Finance received RBI certification to begin NBFC business. Lemon Tree Hotels signed pact for 74-room property in Gujarat. Biocon partnered with Tabuk Pharma to commercialise its Glucagon-like peptide-1 products in the Middle East region. Jubilant Pharmova said that USFDA inspected Washington facility and closed the inspection with zero observations. Aditya Birla Capial made an investment of Rs 500 crore in subsidiary, AB Finance via rights subscription. Interglobe Aviation's board approved the appointment Isidro Pablo Porqueras Orea as the chief operating officer (COO) effective from 1 November 2024. Porqueras will succeed Wolfgang Prock-Schauer, who will be retiring later this year.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Infosys collaborates with Polestar to establish a tech hub in Bengaluru

Infosys announced a strategic collaboration with Polestar (Nasdaq: PSNY), the Swedish electric performance car brand. This engagement aims to create a base for Polestar's development of in-car infotainment, Software and Electrical / Electronics (SW&EE) engineering, user experience (UX), and cloud-powered digital services. Infosys will also leverage in-tech, its latest acquisition in the R&D space, to complement the engagement. Infosys will establish a global technology hub for Polestar at its development center in Bengaluru, India. This hub aims to deliver electric vehicle (EV) software development and validation across many domains including infotainment, Advanced Driver Assistance Systems (ADAS), and telematics. It also supports Polestar's product management, customer engagement, corporate solutions, and accelerates direct-toconsumer digital services through cloud-native development, testing, and data engineering. Polestar will benefit from leveraging Infosys' strategic assets like engineering labs, design studio, and Infosys Living Labs to enhance innovation. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Market Overview
Sensex, Nifty end with minor gains; media shares outperform

The domestic equity indices ended with limited gains on Monday. The Nifty traded above the 25,300 level after hitting the day's low of 25,336.20 in early afternoon trade. Media, metal and realty shares advanced while FMCG, IT and pharma shares declined. As per provisional closing, the S&P BSE Sensex rose 97.84 points or 0.12% to 82,988.78. The Nifty 50 index added 27.25 points or 0.11% to 25,383.75. The Sensex and Nifty clocked an all-time high of 83,184.34 and 25,445.70, respectively in morning trade. In the broader market, the S&P BSE Mid-Cap index rose 0.01% and the S&P BSE Small-Cap index rose 0.28%. The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit a record high of 49,506.01 and 57,502.74 respectively. The market breadth was positive. On the BSE, 2,169 shares rose and 1,942 shares fell. A total of 90 shares were unchanged. Economy: India's forex reserves jumped $ 5.248 billion to a new all-time high of $ 689.235 billion for the week ended September 6, the Reserve Bank of India said on Friday. The overall kitty had jumped by $ 2.299 billion to a record $ 683.987 billion for the previous reporting week. For the week ended September 6, foreign currency assets, a major component of the reserves, increased by $ 5.107 billion to $ 604.144 billion, the data showed. New Listing: Shares of Bajaj Housing Finance closed at Rs 164.99 on the BSE, representing a premium of 135.70% as compared with the issue price of Rs 70. The scrip was listed at Rs 150, exhibiting a premium of 114.29% to the issue price. The stock has hit a high of 164.99 and a low of 147. On the BSE, over 608.91 lakh shares of the company were traded in the counter. Shares of Tolins Tyres closed at Rs 238.30 on the BSE, representing a premium of 5.44% as compared with the issue price of Rs 226. The scrip was listed at Rs 227, exhibiting a marginal premium to the issue price. The stock has hit a high of 227 and a low of 226.50. On the BSE, over 2.20 lakh shares of the company were traded in the counter. Shares of Kross closed at Rs 257.55 on the BSE, representing a premium of 7.31% as compared with the issue price of Rs 240. The scrip was listed at Rs 240, matching the issue price. The stock has hit a high of 271 and a low of 231.80. On the BSE, over 25.86 lakh shares of the company were traded in the counter. IPO Update: The initial public offer (IPO) of Western Carriers (India) received 8,41,70,673 bids for shares as against 2,08,68,467 shares on offer, according to stock exchange data at 15:15 IST on Monday (16 September 2024). The issue was subscribed 4.03 times. The issue opened for bidding on Friday (13 September 2024) and it will close on Wednesday (18 September 2024). The price band of the IPO is fixed between Rs 163 to Rs 172 per share. An investor can bid for a minimum of 87 equity shares and in multiples thereof. The initial public offer (IPO) of Northern Arc Capital received 4,44,64,332 bids for shares as against 2,14,78,290 shares on offer, according to stock exchange data at 15:15 IST on Monday (16 September 2024). The issue was subscribed 2.07 times. The issue opened for bidding on Monday (16 September 2024) and it will close on Thursday (19 September 2024). The price band of the IPO is fixed between Rs 249 to 263 per share. An investor can bid for a minimum of 57 equity shares and in multiples thereof. The initial public offer (IPO) of Arkade Developers received 10,21,53,040 bids for shares as against 2,37,75,719 shares on offer, according to stock exchange data at 15:15 IST on Monday (16 September 2024). The issue was subscribed 4.30 times. The issue opened for bidding Monday (16 September 2024) and it will close on Thursday (19 September 2024). The price band of the IPO is fixed between Rs 121 to 128 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof. Buzzing Index: The Nifty Media rose 0.99% to 2,139.50. The index added 3.07% in the three consecutive trading sessions. TV18 Broadcast (up 4.68%), Network 18 Media & Investments (up 3.45%), Sun TV Network (up 2.45%), Hathway Cable & Datacom (up 2.26%), PVR Inox (up 2.08%), Nazara Technologies (up 1.76%) advanced. On the other hand, Tips Industries (down 2.28%), Zee Entertainment Enterprises (down 0.8%) and Saregama India (down 0.46%) edged lower. Stocks in Spotlight: Infosys rose 0.04%. The IT major announced a collaboration with the Life Insurance Corporation of India (LIC) to spearhead its digital transformation initiative called DIVE (Digital Innovation and Value Enhancement). Adani Power jumped 5.12% and Adani Green Energy surged 7.67%. The said companies will sign a long term power purchase agreement (PPA) and supply power agreement (SPA) with Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 6600 MW hybrid solar and thermal power. Central Depository Services (India) (CDSL) rallied 4.25% after its board approved the appointment of Nehal Vora as the managing director (MD) & chief executive officer (CEO) for a term of five years effective from 18 September 2024. Torrent Power rose 0.96%. The company informed that it has committed investments of over Rs 64,000 crore for green or renewable energy projects at 'RE-Invest 2024' with potential employment of 26,000. JSW Energy rose 0.75%. The company announced that its step-down subsidiary, JSW Renew Energy Two, has completed commissioning for the 300 MW ISTS-connected wind power project awarded by Solar Energy Corporation of India (SECI) tranche X located at Tuticorin, Tamil Nadu. HEG rallied 3.65% after the company informed that its board has approved the enhancement of existing investment limit from Rs 200 crore to Rs 250 crore in one or more tranches. The Phoenix Mills advanced 5.42% after the company said that its board has approved issuance of one bonus equity share for every one existing equity share held (1:1). Exide Industries 1.15% after the company informed that it has invested Rs 99.99 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL) by way of subscription to share capital on right basis. Oriental Rail Infrastructure fell 0.20%. The company announced that it has secured an order worth Rs 1.42 crore from Integral Coach Factory (ICF), Chennai, Indian railways. Lumax Auto Technologies (LATL) surged 10.09% after the company has signed an agreement to acquire 100% stake in Greenfuel Energy Solutions (Greenfuel) from its existing shareholders to foray into the green and alternate fuels segment. Global Markets: Most European shares declined while most Asian stocks ended higher on Monday as investors braced for a significant week of interest rate decisions from the U.S. Federal Reserve and the Bank of England. Hong Kong stocks falling as investors assessed downbeat economic data from China, while several key markets were closed for holidays. China's economy continued to weaken in August, with factory output, consumption, and investment all declining more than expected. Home prices fell at the fastest pace since 2014, prompting the People's Bank of China to signal more monetary easing and a heightened focus on combating deflation. Sentiment in Asia was also dampened following a second assassination attempt on US presidential candidate Donald Trump. He was later taken to safety. US stocks closed higher on Friday ahead of the Federal Reserve's upcoming policy meeting. The S&P 500 gained 0.54%, the tech-heavy Nasdaq Composite added 0.65%, and the Dow Jones Industrial Average jumped 0.72%, marking their fifth consecutive winning day. Wall Street is now looking ahead to the Fed's meeting on September 17-18, where a 25-basis-point interest rate cut is widely expected. The current target rate stands at 5.25% to 5.5%. Economic data indicating a moderation in inflation further supports the case for a rate cut. The consumer price index in August rose 2.5% year-over-year, the lowest level since February 2021. Wholesale prices increased by 0.2% in August, in line with expectations. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Infosys collaborates with LIC to accelerate digital transformation

As part of the collaboration, Infosys will enable the creation of a cutting-edge NextGen digital platform, which will focus on delivering seamless omnichannel engagement and data-driven hyper-personalized experiences to LIC's customers, agents and employees. Infosys was selected by LIC for its extensive experience in executing large-scale digital transformation projects and its deep expertise in the banking, financial and insurance sectors. The company will provide LIC with turnkey system integration services using AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt. Infosys Cobalt is a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, while Infosys Topaz, an AI-first offering suite, enhances Cobalt with generative AI capabilities. In addition, firm will help establish the necessary infrastructure for digital transformation and ensure ongoing monitoring and maintenance once the platform is operational. The NextGen Digital Platform will enable LIC realize the objectives of DIVE, which is to deliver best in class digital initiatives for all its stakeholders, customers, intermediaries and the marketing team. The platform will also serve as an open platform, enabling swift integration with FinTech companies and bancassurance partners. Siddhartha Mohanty, CEO&MD of LIC, said, 'Our collaboration with Infosys marks a significant milestone in our digital transformation journey. It will not only enhance our operational capabilities, but also enable us to cater to our vast customer, agent and employee base with newer, more personalized experiences. We are committed to leveraging the latest technologies that Infosys has to offer, including Cloud and Enterprise AI, to drive innovation and improve our offerings.' Salil Parekh, CEO&MD of Infosys, said, 'By leveraging Infosys' extensive experience in digital transformation initiatives and prowess in AI and Cloud, we aim to equip LIC with a robust digital infrastructure that will deliver superior customer engagement, enhance operational efficiency and enable rapid market responsiveness. Through this collaboration, we are confident that LIC will be uniquely positioned to offer unparalleled service and value to their stakeholders.' LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. Infosys is a global leader in next-generation digital services and consulting. Shares of Infosys shed 0.40% to Rs 1,936.60 while those shares of LIC declined 0.73% to Rs 1,026.45 on the BSE. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Infosys undertakes project of LIC's significant digital transformation

Infosys announced its collaboration with the Life Insurance Corporation of India to spearhead its digital transformation initiative called DIVE (Digital Innovation and Value Enhancement). As part of the collaboration, Infosys will enable the creation of a cutting-edge NextGen Digital Platform, which will focus on delivering seamless omnichannel engagement and data-driven hyper-personalized experiences to LIC's customers, agents and employees. Infosys was selected by LIC for its extensive experience in executing large-scale digital transformation projects and its deep expertise in the banking, financial and insurance sectors. Infosys will provide LIC with turnkey system integration services using AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt. Infosys Cobalt is a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, while Infosys Topaz, an AI-first offering suite, enhances Cobalt with generative AI capabilities. In addition, Infosys will help establish the necessary infrastructure for digital transformation and ensure ongoing monitoring and maintenance once the platform is operational. The NextGen Digital Platform will enable LIC realize the objectives of DIVE, which is to deliver best in class digital initiatives for all its stakeholders, customers, intermediaries and the marketing team. The platform will also serve as an open platform, enabling swift integration with FinTech companies and Bancassurance partners.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Infosys to hold board meeting

Infosys will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Infosys collaborates with Clearstream (part of Deutsche B'rse)

Infosys announced that it has collaborated with Clearstream, the post-trade services part of Deutsche B'rse, an international exchange organisation and leading provider of market infrastructure. The collaboration supported the successful Generation 2 launch of Clearstream's D7 platform, an innovative digital post-trade platform that allows market participants to issue securities digitally. Within the project, Infosys assisted Clearstream in driving end-to-end implementation, customization, and deployment alongside go-live and aftercare support. The platform has set a foundation of institutional grade, digital asset infrastructure to unlock the tremendous value of asset tokenization and digital assets.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Infosys and Proximus Group announce strategic collaboration to unlock synergies

Infosys and Proximus Group, Belgium's leading digital services and communication solutions provider announced a strategic collaboration to help unlock new business opportunities. The new strategic collaboration will focus on a joint go-to-market approach that will use best-in-class products of Proximus' International affiliates, including Route Mobile's Communications Platform as a Service (CPaaS) and Telesign's Digital Identity (DI) solutions. This combined with Infosys digital services will drive innovation in omnichannel customer engagement and AI-driven digital assistants for their customers. The collaboration will enhance digital security by providing robust DI and fraud protection solutions, ensuring trusted communication online. Powered by Capital Market - Live

1 month agoCapital Market - Live