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The company changed its name to Infosys Technologies Private Limited in April 1992 and became Infosys Technologies Limited when it became a public limited company in June 1992. [10] In February 1993, Infosys launched its initial public offering (IPO) with an offer price of ₹ 95 per share, compared to a book value of ₹ 20 per share.
BENGALURU (Reuters) -Shares of Infosys , India's No. 2 IT services provider, fell as much as 4.5% on Friday after a cut to the upper end of the company's annual revenue forecast fanned further ...
HSBC Insurance (Asia-Pacific) Holdings Ltd, an indirect wholly-owned subsidiary of HSBC would acquire 100% of the issued share capital of AXA Singapore for $575m. [106] In December 2021, HSBC Asset Management (India) Private Ltd, an indirect wholly-owned subsidiary of HSBC announced it would acquire L&T Investment Management for $425 million ...
Hang Seng Bank Limited (Chinese: 恒生銀行有限公司) is a Hong Kong–based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group , which holds a majority equity interest in the bank.
HSBC raised its rating on the stock to Buy from Reduce while raising its price target on the stock to $355 from $175 per share. The firm's new price target reflects roughly 30% upside from where ...
The company was started as Progeon Limited in April 2002 and is among the leading outsourcing companies in India according to NASSCOM. [3] It was started as a 74-26 joint venture between Infosys and Citibank Investments. In 2006, Infosys bought out Citibank's share at a price of ₹592 per share, Citibank having invested at ₹0.20 per share. [4]
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
Sikka took over from then-CEO S.D. Shibulal, one of Infosys' founders, on 1 August. [19] He was inducted as a whole-time director of the Board and CEO & MD (Designate) of Infosys on 14 June. [20] His annual compensation was set at $13 million and stock options worth $9million. [21] Vishal Sikka resigned from Infosys as MD and CEO on 18 August ...