The Board of Infosys at its meeting held on 17 October 2024 has approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.a Simplus and Kaleidoscope Animations Inc (step-down subsidiaries) with Infosys Nova Holdings LLC (wholly owned subsidiary). WD is a US-based, full-service creative and consumer insights advertising agency (Revenue for FY ending Dec'23 - USD 123.7 million). Simplus provides enterprise-wide digital transformation across the Salesforce ecosystem through advisory, implementation, change management, and managed services (Revenue for FY ending Jan'24 - USD 106.0 million). BA is a leading digital experience company that empowers global brands to deliver remarkable customer experiences and enables clients to navigate large-scale digital transformation programs.(Revenue for FY ending Dec'23 -USD 88.5 million). Kaleidoscope is a product design, development and insights firm, with services focused primarily on medical devices. (Revenue for FY ending Dec'23 - USD 45.0 million)Powered by Capital Market - Live

The Board of Infosys at its meeting held on 17 October 2024 has approved the acquisition of Blitz 24-893 SE through Infosys Singapore, a wholly owned subsidiary of Infosys, for a consideration of EUR 135,000 including cash. Blitz 24-893 SE was incorporated in August 2024 and the company does not have any operations. The objective of the entity would be to provide Information Technology (IT) and Information Technology (IT) enabled services post acquisition. Powered by Capital Market - Live

Infosys has granted 22,880 RSUs to six eligible employees under the 2015 Stock Incentive Compensation Plan effective from 01 November 2024. These RSUs will vest over a period of two to four years.Powered by Capital Market - Live

Infosys announced that the Board of Directors of the Company at its meeting held on 17 October 2024, inter alia, have recommended the interim dividend of Rs 21 per equity Share (i.e. 420%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Infosys rose 4.73% to Rs 6506.00 crore in the quarter ended September 2024 as against Rs 6212.00 crore during the previous quarter ended September 2023. Sales rose 5.11% to Rs 40986.00 crore in the quarter ended September 2024 as against Rs 38994.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales40986.0038994.00 5 OPM %23.9324.21 - PBDT10413.009934.00 5 PBT9253.008768.00 6 NP6506.006212.00 5 Powered by Capital Market - Live

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

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

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

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

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