The Bombay Stock Exchange benchmark index Sensex on Friday added nearly 120 points in opening trade, extending yesterday`s gains after IT bellwether Infosys announced better-than-expected quarterly results.
Infosys Technologies Ltd has projected revenue of Rs.54.76 bn (Rs.5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 percent year-on-year (YoY).
India may be the second-fastest growing economy in the world, but it faces the challenge of constantly being innovative and creating global brands, Infosys co-founder and chief mentor N R Narayan Murthy said.
The three aspects of ensuring success for any entrepreneur was innovation, ability to use innovation to create service and products and add value to customers and the ability to communicate the value to customers.
Software icon N R Narayana Murthy on Tuesday showered praise on UPA Chairperson Sonia Gandhi for her "sacrifice in the face of great temptation, grace and dignity in power and civility in the face of unjust and unfair criticism".
Days after an ambitious IT
township project where Infosys and Wipro were supposed to set
up shop was scrapped, CPI(M) politburo member Sitaram Yechuri
on Sunday said the state government is looking into the matter.
Software major Infosys, which has a robust cash chest for sure and made no secret of its intention to buy out companies with strategic fit, is finding it difficult to acquire right firms at right price.
Infosys Technologies, India`s second-largest IT services exporter, has bid for more than 10 large government projects in India as part of a drive to lower its dependence on the US market, an official said.