Latest Updates Around The World
Infosys’ American Depositary Receipts (ADRs) fell 5% on the NYSE to hit a low of $13.99 on Friday as AI-induced fears over the likely impact on Wall Street firms weighed. To make matters worse, wholesale inflation rose sharply to 2.9% in January, far higher than estimates of 1.6%, pushing markets the wrong way, according to […]
Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Thursday, hitting an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian stock markets, with the weakness spilling over to Wall Street.The broader U.S. tech drag added pressure […]
Infosys Ltd, one of India’s leading information technology companies, was set for strong buying on Friday, January 16, after several brokerage firms raised their target prices following a positive surprise from the company. Infosys raised its constant currency revenue growth expectations for FY26 from the previous range of 2-3% to 3-3.5%, signaling a clearer improvement […]
Infosys’ ADRs fell nearly 2% on Wednesday after the company reported its December quarter results, as investors weighed a modest profit decline and margin pressure against stronger revenue performance and an upward revision to full-year growth expectations.India’s second-largest IT services company reported a consolidated net profit of Rs 6,654 crore for the third quarter, down […]
While India’s second largest IT services company Infosys on Friday dismissed all material reasons for the excessive rise in its American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE), a report by a Canada-based newspaper, The Chronicle Journal, has linked the development to a bizarre technical glitch related to ticker mapping.“The ‘mystery’ behind […]
U.S.-traded shares of Infosys Ltd soared as much as 40% within minutes of Friday’s opening bell, briefly adding tens of billions of dollars to the Indian IT group’s market capitalization and prompting the New York Stock Exchange to halt trading, in a market dislocation that has focused attention on short selling, automated trading systems and […]
India’s second-largest IT services company Infosys on Saturday issued a statement on the unprecedented 40% rise in its American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE) on Friday, saying that no material events related to the move have occurred that required disclosure.“The Company observed volatility in the price of its American Depositary […]
The New York Stock Exchange (NYSE) has halted trading in Infosys’ American Depository Receipts (ADRs) after it rose 40% to $26.62 on Friday, according to a report by CNBC-TV18.Meanwhile, Wipro’s ADRs rose more than 7% to reach $3.07 on the NYSE. While it was the third straight day of rally for Infosys’ ADRs, the spike […]
