Infosys Names Mitrankur Majumdar to Lead $2.7B SURE Business
Infosys appoints Mitrankur Majumdar to lead its $2.7B SURE business. He replaces CEO-designate Ashiss Kumar Dash, ensuring continuity and stability. Source: ScoutQuest
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24 Aug 2026 – 22 Sep 2026 · Times in IST
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Infosys appoints Mitrankur Majumdar to lead its $2.7B SURE business. He replaces CEO-designate Ashiss Kumar Dash, ensuring continuity and stability. Source: ScoutQuest
Infosys allotted 44,116 equity shares via ESOPs and ESPS programs. Share capital increased to ₹20,29,13,82,890, totaling 4,05,82,76,578 shares. Source: BSE
Reliance raised ₹12,000 crore via NCDs, listed on NSE/BSE, to fuel growth and maintain flexibility. Infosys expanded its Indore DC; Mazagon Dock signed an MoU for a Greenfield shipyard in Maharashtra. Source: The Hindu Business Line
Infosys expands Indore Development Center with new 330,000-sq. ft. Software Development Block, enhancing AI, cloud, and cybersecurity capabilities. Expansion supports 3,300 employees, boosts talent pool, aligns with ESG goals, and strengthens partnerships with local institutions like IIT Indore and DAVV. Source: BSE
Mutual Funds actively traded LIC, HDFC Bank, Bharti Airtel, Dhoot Transmission, Aster DM; LIC OFS saw ₹24,000 crore purchases. Top fund houses trimmed stakes in major stocks like Infosys, Kotak Mahindra, Bajaj Finserv, and exited select firms like ICRA, Safari Industries. Source: CNBC TV 18
Nirmal Bang maintains 'Sell' on TCS, Infosys, Wipro, HCLTech, Tech Mahindra, LTIMindtree; cites IT sector challenges. Mid-cap IT firms like Coforge, Persistent Systems, Mphasis outperform, leveraging AI-driven delivery; large caps face growth stagnation. Source: NDTV Profit
Infosys schedules Board Meeting on Oct 22-23, 2026 to review Q2 and H1 FY27 results. Trading window closes Sep 16-Oct 26, 2026; investor call set for Oct 23, 2026. Source: BSE
Infosys and Wipro ADRs rose 2%, defying semiconductor slump; global IT players like Accenture gained up to 4%. Semiconductor stocks fell sharply as AI development slowed; Intel dropped 8% amid concerns over chip demand. Source: NDTV Profit
Infosys shares fell 4.8% to ₹1,029.5, losing ₹40,000 crore in market cap over six sessions. Nifty IT peers like Wipro, TCS, and Tech Mahindra also declined 3-6%; Infosys has a 16% upside potential. Source: CNBC TV 18
Infosys, HCLTech, Coforge fell up to 6% amid US rate hike concerns. IT stocks declined on fears of weaker client spending outlook. Source: India Today
IT stocks fell for the 6th session; Infosys, Coforge, TCS dropped up to 6%. Infosys was among the top Nifty losers as IT stocks declined on Sep 9, 2026. Source: Moneycontrol
Infosys and TCS witness over ₹1 lakh crore market cap decline this week. Source: ScoutQuest
JPMorgan maintains Neutral rating on Infosys with Rs 1,050 target; AI deflation seen continuing amid rising competition and tempered near-term demand. Infosys focuses on AI adoption, cautious deal-making, and investments in reskilling; leadership transition slated for April 2027 to navigate challenges. Source: NDTV Profit
JPMorgan maintains Neutral on Infosys with ₹1,050 target, citing AI-led deflation and weak discretionary demand concerns. Despite concerns, Infosys shows healthy FS, SURE, manufacturing demand, and maintains margin discipline. Source: Livesquawk
Infosys representatives will attend GS India IT Services & GCC Trip on Sept 10, 2026. Event details, including participants, are available on Infosys' website for investor reference. Source: BSE
Nifty IT index fell 1.97% as profit booking hit stocks like Infosys (-2.6%), LTM (-2.3%), and Tech Mahindra (-1.9%). Concerns on AI disruption, US rates, uneven spending, and rupee strength add pressure to Indian IT sector outlook. Source: NDTV Profit
Nifty dipped below 23,800 intraday, marking a daily low. Infosys, Reliance, and SBI led the decline in the market. Source: ScoutQuest
Sensex drops 200+ points; Nifty falls below 23,850 in opening trade. Infosys and HUL see declines of up to 2% during early trading. Source: ScoutQuest
IT stocks face pressure; Infosys and Tech Mahindra are top Nifty losers. Source: ScoutQuest
Infosys to liquidate Guidevision UK Ltd and In-tech Automotive by Sept 2026. Guidevision had zero revenue; In-tech reported ₹10.5 Cr revenue and ₹1.2 Cr net worth. Source: ScoutQuest
Infosys shares fell 3% despite CFO's positive AI outlook; Nomura retains 'buy' rating with a target of ₹1,290. Infosys CFO sees $300B-$400B AI market by 2030; AI services grew to 8.2% of topline in Q1 FY26. Source: CNBC TV 18
Nomura gives Infosys a Buy rating with ₹1,290 target, citing AI services growth from 5.5% to 8.2% of revenue. Infosys sees USD300–400bn AI opportunity across engineering, data, legacy modernization, and AI trust by 2030. Source: Livesquawk
Infosys management to participate in investor events in Mumbai and virtual calls. Events include NDR, BofA IT Call Series; details hosted on Infosys website. Source: BSE
Infosys' report highlights the gap between AI investments and measurable ROI, with 80% executives viewing AI as critical but 25% reporting ROI below expectations. Key findings include AI's value in improving efficiency, challenges in scaling, and the need for better governance and KPI frameworks for success. Source: BSE
Infosys Ltd. witnessed an NSE block trade worth Rs. 45.6 crore for ~404,895 shares. The trade occurred at an approximate price of Rs. 1,127.2 per share. Source: Livesquawk
Infosys Ltd allotted 1,75,865 equity shares post RSU exercise under two plans. Issued share capital now ₹20,29.1 Cr with 4.05 Cr shares of ₹5 face value. Source: BSE
Nvidia's AI chip price hike spurred Indian IT stocks like Infosys, HCLTech; Nifty IT Index gained. Hexaware surged after revealing over half its revenue is AI-infused; CLSA projected 37% rise in 12 months. Source: CNBC TV 18
FTSE's Sept 2026 index review includes 10 Indian stocks, like Infosys, Bharti Airtel, Groww; Biocon to exit. Meesho may see $75.9M inflows; Biocon faces $20M outflows. ETFs likely to rebalance portfolios before Sept. 21. Source: NDTV Profit