Infosys shares fall over 4% in early trade after Q2 earnings; brokerages remained cautious post-earnings
Infosys' consolidated net profit declined by 2.2% to Rs 4,019 crore for the July-September 2019 quarter
L&T secures three board positions in Mindtree; construction major to get firm control in IT services firm
In March, L&T had said it will buy 20.32 percent stake in Mindtree from VG Siddhartha and his coffee enterprise for over Rs 3,000 crore — marking India's first-ever hostile takeover bid in the IT space.
After the latest transaction, L&T's shareholding in Mindtree stands at 26.53 percent. The latest stock purchase was made at Rs 979.99 apiece.
On Monday, diversified L&T made an offer to buy up to 66 percent stake in Mindtree for around Rs 10,800 crore
HCL Tech's Q1 net profit up 10% to Rs 2,431 cr; consolidated revenues from operations grows 14.2% to Rs 13,878 cr
HCL Technologies has overtaken Wipro -- the third largest Indian IT services firm -- in terms of dollar topline