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<ul><li><keyword id="6354512" type="COMPANY" weightage="20" keywordseo="Infosys">Infosys</keyword>’ share price has hit a fresh 52-week high after posting blockbuster earnings on October 14. </li><li>It raked in deal wins worth $3.15 billion in the last three months, including its largest ever deal with Vanguard.</li><li>The company has also revised its annual revenue guidance to between 2% to 3%.</li></ul><keyword id="620690" type="PERSON" weightage="20" keywordseo="Infosys-share-price">Infosys share price</keyword> hit a fresh 52-week high at ₹1,185 when markets opened this morning. Its share price was up by 4% after India’s second-largest IT company posted its highest-ever deal wins in a quarter of over $3 billion. <div type="image" title="infosys share price (3)" msid="78674041" hostid="261" caption="&amp;lt;p&amp;gt;Infosys share price movement since January&amp;lt;/p&amp;gt;"></div> However, the share price soon dipped sharply due to market weakness and profit booking. This is the second time this week that Infosys has hit a new high for the year. On Monday, its share price rallied to hit ₹1,146.50. Analysts remain optimistic, upgrading their previous outlooks. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage on Infosys </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Motilal Oswal Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 1,355 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 1,350 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JM Financial </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 1,260 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BOB Capital Markets </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 1,210 </td></tr></tbody></table> The coming quarter may be stronger with Infosys increasing its annual revenue guidance to be between 2% to 3% for the current fiscal. According to JM Financial, the company’s deal wins are likely to keep the momentum going over the next six months. “Infosys remains our top pick in the sector,” said the brokerage’s report. <div type="image" title="Infosys revenue growth (1)" msid="78674159" hostid="261" caption="&amp;lt;p&amp;gt;Infosys revenue growth over the last 2 years&amp;lt;/p&amp;gt;"></div> The company quarterly revenue was up by 4% in constant currency (CC) beating most market estimates. Margins also expanded to 25.3%, increasing by a massive 270 basis points. However, accounting for impact on margins due to wage hikes, promotions and hiring as well as currency fluctuations, JM Financial estimates that Infosys may end the year at a lower threshold. “We note that Infosys is likely to end F21 with margins nearly back to FY18 levels after the investment made through FY18-20,” said its report. <div type="image" title="infosys margins q1fy21" msid="78674168" hostid="261" caption="&amp;lt;p&amp;gt;Infosys margins over the last five quarters&amp;lt;/p&amp;gt;"></div> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-infosys-ril-sbi-icici-bank-hdfc-bank-nmdc-jubilant-foodworks-and-others/articleshow/78672560.cms">Top stocks to watch — Infosys, RIL, SBI, ICICI Bank, HDFC Bank, NMDC, Jubilant Foodworks, and others</a> <a href="https://www.businessinsider.in/careers/news/infosys-to-reinstate-wage-hikes-promotions-and-hiring-will-impact-margins-over-the-next-six-months/articleshow/78660576.cms">Infosys to reinstate wage hikes, promotions and hiring — will impact margins over the next six months</a> <a href="https://www.businessinsider.in/stock-market/news/wipro-share-price-dips-after-earnings-report-analysts-believe-it-will-take-a-while-to-catch-up-to-tcs-and-hcl-technologies/articleshow/78654023.cms">Wipro’s share price dips by over 6% after earnings — analysts believe it will take a while to catch up to TCS and HCL Technologies</a>

Infosys share price hits fresh 52-week high after highest-ever deal wins of over $3 billion

<ul><li><keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> will be promoting 80% of its eligible employees over the next three months. </li><li>The increments awarded will be inline with what was used as the yardstick last year. </li><li>The company is also looking at the increment cycle for its junior employees. </li></ul>The Indian IT services behemoth Wipro is set to implement ‘a number of employee interventions’ in the third quarter. The biggest is its endeavour to promote 80% of its eligible staff over the next three months. <div type="Article" hostid="261" msid="78640025" title="Wipro posts stable quarter — profit rises 3.2% with revenue guidance of 1.5% to 3.5% over the next three months" mstype="2" mssubtype="0"></div> Wipro Chief of Human Resources (CHRO) Saurabh Govil shared that the increments this time around will be in line with what was given last year. “This will make sure that we are rewarding the high performing team members and colleagues,” he said during the earnings call on October 13. The company added 30,000 people to its roster between July to September. It also paid out 100% variable pay to its employees in the second quarter. “Now, we’re looking at our increment cycle of junior employees who we’ve hired from engineering colleges,” added Govil during the earnings call on October 13. <div type="Article" hostid="261" msid="78638511" title="Wipro board approves ₹9,500 crore share buyback plan" mstype="2" mssubtype="0"></div> Despite the H-1B restrictions imposed by the Trump administration in the US, Wipro is not worried. According to the company, localisation of employees has been in the works for three years now. Nearly 70% of Wipro’s employees in the US are local. “From a business standpoint, we don’t see this impacting us,” said Govil. 98% of Wipro’s employees continue to work from home. According to Govil, this will continue until the end of the year. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/infosys-announce-second-quarter-earnings-on-october-14/articleshow/78640964.cms">VanGuard deal will be the highlight of Infosys' second-quarter earnings as investors look for a hike in guidance</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-board-approves-9500-crore-share-buyback-plan/articleshow/78638511.cms">Wipro board approves ₹9,500 crore share buyback plan</a> <a href="https://www.businessinsider.in/tech/news/oneplus-chinese-company-co-founder-carl-pei-exits-company-one-day-ahead-of-flagship-mobile-launch/articleshow/78634270.cms">OnePlus co-founder Carl Pei reportedly exits company one day ahead of flagship smartphone launch</a>

Wipro to promote 80% of its eligible staff in the next three months — increments will be in line with last year

The seventh round of India and China military talks to resolve border disputes in Eastern Ladakh have ended in a deadlock. The de-escalation of forces at the Line of Actual Control (LAC) during winter is highly unlikely and both the countries have to provide huge logistics. <div type="Article" hostid="261" msid="78632960" title="Chinese PLA is reportedly rotating troops despite India's insistence on disengagement from friction points along the border" mstype="2" mssubtype="0"></div> The military commander-level meeting between India and China took place for around 11 hours at Chushul on Sunday. The Indian Army has issued a statement saying the two sides had a sincere, in-depth and constructive exchange of views on disengagement along the LAC in the western sector of India-China border areas. "They were of the view that these discussions were positive, constructive and had enhanced understanding of each other's positions," the Indian Army said. The force also said that both sides agreed to maintain dialogue and communication through military and diplomatic channels, and arrive at a mutually acceptable solution for disengagement as early as possible. "Both sides agreed to earnestly implement the important understandings reached by the leaders of the two countries, not to turn differences into disputes, and jointly safeguard peace and tranquility in the border areas," the force said. <div type="Article" hostid="261" msid="78554233" title="Chinese Army will be using thermal shelters to fend off the sub-zero temperatures along the India-China border this winter" mstype="2" mssubtype="0"></div> It was the seventh round of deliberations between both the countries' Corps Commander level officials. From the Indian side, Lieutenant General Harinder Singh, whose tenure ended as 14 Corps Commander on Monday, and his successor Lieutenant General P.G.K. Menon led the discussion. The Joint Secretary from the Ministry of External Affairs, Navin Srivastava, also attended the meeting. Temperatures at critical mountain peaks and passes along the disputed India-China border have dropped to minus 20-degree Celsius, throwing up a fresh challenge to the thousands of troops amassed by both the sides. On August 30, India had occupied critical mountain heights on the southern bank of the Pangong Lake like Rechin La, Rezang La, Mukpari and Tabletop that were unmanned till now. India has also made some deployments near the Blacktop. The movement was carried out after the Chinese side tried to make a provocative military move. Dominance at these 13 peaks now allows India to dominate the Spangur Gap under Chinese control and also the Moldo garrison on the Chinese side. PLA troops are adamant to resolve the situation first on the southern bank where Indian troops are in a position of strength tactically, but India wants a roadmap for de-escalation across Ladakh. India had strongly asserted that the LAC should be drawn out. India and China are engaged in a six-month-long standoff along the LAC. Despite several levels of dialogue, there has not been any breakthrough and the deadlock continues. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/infosys-announce-second-quarter-earnings-on-october-14/articleshow/78640964.cms">VanGuard deal will be the highlight of Infosys' second-quarter earnings as investors look for a hike in guidance</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-board-approves-9500-crore-share-buyback-plan/articleshow/78638511.cms">Wipro board approves ₹9,500 crore share buyback plan</a> <a href="https://www.businessinsider.in/tech/news/oneplus-chinese-company-co-founder-carl-pei-exits-company-one-day-ahead-of-flagship-mobile-launch/articleshow/78634270.cms">OnePlus co-founder Carl Pei reportedly exits company one day ahead of flagship smartphone launch</a>

India-China remain in deadlock over border dispute even after seventh round of military talks

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Infosys share price hits fresh 52-week high after highest-ever deal wins of over $3 billion

Prabhjote Gill

Wipro to promote 80% of its eligible staff in the next three months — increments will be in line with last year

Prabhjote Gill

India-China remain in deadlock over border dispute even after seventh round of military talks

IANS

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