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<ul><li>Infosys has reported 7% on quarter rise in consolidated net profit to ₹5,809 crore in October-December quarter.</li><li>It has added eight new clients in the last three months with an annual revenue potential of $100 million or more.</li><li>However, the IT major continues to struggle with the highest number of employees leaving the organisation with an attrition rate at 25.5%.</li></ul>Technology services giant Infosys saw its revenue grow by 7% on quarter in constant currency terms, that’s the best in the last eight quarters. Subsequently, the Bengaluru-based company increased the guidance for full-year revenue growth to 19.5% to 20% from 16.5% to 17.5%. <div type="image" title="infosys revenue growth" height="900" width="1200" msid="88855633" hostid="261"></div>The IT major has added eight new clients in the last three months with an annual revenue potential of $100 million or more. "We expect the healthy technology spend to continue with large enterprises progressing on their digital transformations”, said Salil Parekh, chief executive officer and managing director at Infosys. Infosys, which is the second largest information technology firm by market capitalisation, reported a 7% on quarter rise in consolidated net profit to ₹5,809 crore in October-December quarter. Revenue for the firm stood at ₹31,867 crore for the quarter. The IT firm continues to struggle with the highest number of employees leaving the organisation as its attrition rate stood at 25.5% with a total headcount of 2.92 lakh employees as of December 31, 2021. Rise in attrition leads to higher employee cost and narrower margins. This has been a problem for all technology companies in India in recent months. For Infosys, the margin shrunk by 190 basis points between October and December 2021 compared to the preceding three months. 100 basis points make one percent. “We continue to prioritize investments in talent acquisition and development and have further increased our global graduate hiring program to over 55,000 for FY22 to support our growth ambitions”, said Nilanjan Roy, chief financial officer at Infosys. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/infosys-saw-its-revenue-grow-by-7-in-q3-fy22/articleshow/88855661.cms">Infosys raises full year guidance after the best quarter in at least eight</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/wipro-guidance-for-dollar-revenue-is-2-to-4-percent/articleshow/88854705.cms">Wipro CEO says dollar revenue will grow 2-4% in the next three months</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/wipro-plans-to-hire-30000-freshers-in-2023-as-attrition-rate-increases-to-22/articleshow/88855676.cms">Wipro increases hiring plan to 30,000 as attrition hits a new high</a>

Infosys raises full year guidance after the best revenue growth in at least eight quarters

<ul><li>The 30-share BSE index Sensex was up 44.05 points, and the NSE Nifty was trading 0.14% higher at 10:10 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices Sensex and Nifty opened on a cautious note on Tuesday as market participants booked profits after an eight-session market rally. The 30-share BSE index Sensex was up 44.05 points, and the NSE Nifty was trading 0.14% higher at 10:10 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ultra Tech Cement </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy’s Lab </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GAIL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shree Cement </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Paints </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IOC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Britannia </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">State Bank of India </td></tr></tbody></table>*as of October 13, 10:00 am These are the top stocks in news today. Infosys hits a fresh 52-week high The shares of IT giant Infosys touched a new 52-week high and gained nearly a percent during the morning trade. The rally came after the acquisition of a US-based product design and development firm Kaleidoscope Innovation for about ₹308 crore. Infosys is also scheduled to report its second-quarter earnings tomorrow. Reliance Industries (RIL) and Bharti Airtel gain, Vodafone-Idea trades in red The shares of Reliance Industries gained over 1% after its telecom arm; Reliance Jio became the first mobile network company in India to cross 40 crore customers mark with the net addition of over 35 lakh subscribers in July. This is according to the telecom regulator TRAI data released on October 12. Bharti Airtel also gained 2% after adding over 3.26 million wireless subscribers in July, and Vodafone Idea lost 2% after losing 3.7 million users. Shalby shares gain 5% The shares of hospital chain Shalby were trading 5% higher after the company posted robust earrings. It reported a consolidated net profit of ₹24.5 crore in the second quarter ended September 30 compared to ₹12.9 crore year-on-year. Rane Brake Lining gain 10% The shares of auto parts manufacturer Rane Brake Lining surged 10% on Tuesday after the company said its board would meet on Thursday to consider a share buyback proposal. “The exchange may please note that the board of directors at its meeting convened on October 15, 2020, is scheduled to inter-alia consider a proposal for buyback of equity shares of the Company and matters connected thereto,” it said in a stock-exchange filing. Future Retail gains over 7% The shares of Kishore Biyani owned Future Retail were trading 7% higher, making it one of the most active stocks by volume on the stock-exchanges. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/covid-19-vaccine-updates-and-news-from-around-the-world/articleshow/78632654.cms" data-type="tilCustomLink">COVID-19 vaccine updates: WHO believes COVID-19 vaccine may be ready by year-end, even as Johnson &amp; Johnson pauses trial over safety concerns</a> <a href="https://www.businessinsider.in/policy/economy/news/gst-council-and-states-fail-to-reach-consensus-on-compensation-cess-no-dispute-we-may-have-differences-says-sitharaman/articleshow/78624857.cms" data-type="tilCustomLink">GST council and states fail to reach consensus on compensation cess — 'No dispute, we may have differences,' says Sitharaman</a>

Top stock movers — Future Retail, RIL, Infosys, Rane Brake Lining, Airtel, Vodafone-Idea, Wipro and more

<ul class="summary-list"><li>The Tory leadership contest is becoming increasingly fractious, with an MP "muting" a minister.</li><li>Nadine Dorries attacked <keyword id="12981896" type="UNKNOWN" weightage="60" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>, who hopes to succeed <keyword id="11911533" type="UNKNOWN" weightage="60" keywordseo="boris-johnson" source="Orion">Boris Johnson</keyword>, over expensive clothes. </li></ul>The race to replace Boris Johnson has descended into further Tory infighting, with a Conservative MP saying she had "muted" a Cabinet minister for her verbal attacks. Foreign Secretary <keyword id="13013008" type="UNKNOWN" weightage="60" keywordseo="liz-truss" source="Orion">Liz Truss</keyword> and Rishi Sunak, the former chancellor, are due to go head-to-head on Monday in a televised debate hosted by the BBC. It is due to be the first meeting of the two after they pulled out of an earlier debate for fear that excessive "blue-on-blue" fighting was helping the UK Labor party mount attacks like the following:While sources from both camps have vowed to engage in a clean fight, public comments on Twitter tell a different story.On Monday morning Nadine Dorries, the culture secretary and a Johnson loyalist, hit out at Sunak's wealthy background.Sunak is married to Akshata Murty, who is worth hundreds of millions of dollars from her holdings in Infosys, the giant IT firm founded by her father.She had to rapidly change her non-dom status after media outlets reported earlier this year that she was not <a href="https://www.businessinsider.com/rishi-sunak-political-future-us-green-card-minister-admission-2022-4">liable for UK tax on income earned abroad</a>.Dorries tweeted: "Liz Truss will be travelling the country wearing her earrings which cost circa £4.50 from Claire's Accessories."Meanwhile… Rishi visits Teeside in Prada shoes worth £450 and sported £3,500 bespoke suit as he prepared for crunch leadership vote."Sunak supporter Guildford MP Angela Richardson shot back: "FFS Nadine! Muted."There have also been a flurry of hostile briefings, with sources from the camps attacking each other's policy proposals in media articles.Sunak's pledge to cap the number of refugees entering the UK, and to consider putting asylum seekers on disused cruise ships was branded illegal and unrealistic. Allies of Truss said the plan would create "prison ships", <a href="https://www.thetimes.co.uk/article/rishi-sunak-and-liz-truss-talk-tough-on-migration-as-final-tv-debates-loom-bg2p99wvt">according to The Times</a>. A Sunak ally hit back, telling the paper: "Good to see Remainer Truss on the side of human rights lawyers."The pair have also clashed over their <a href="https://www.telegraph.co.uk/politics/2022/07/24/liz-trusss-tax-plans-backed-leading-economists-needed-not-inflationary/">proposals for the UK economy</a>. <a href="https://www.independent.co.uk/news/uk/liz-truss-rishi-sunak-boris-johnson-government-whitehall-b2130270.html">Truss' plan to establish Enterprise Zones was derided by the rival campaign</a> as a straight copy of the freeports policy Sunak championed in the run-up to Brexit.

Tory infighting continues as MP Angela Richardson 'mutes' minister Nadine Dorries over Rishi Sunak Twitter attack

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Infosys raises full year guidance after the best revenue growth in at least eight quarters

Bhakti Makwana

Top stock movers — Future Retail, RIL, Infosys, Rane Brake Lining, Airtel, Vodafone-Idea, Wipro and more

Navdeep Yadav

Tory infighting continues as MP Angela Richardson 'mutes' minister Nadine Dorries over Rishi Sunak Twitter attack

Catherine Neilan

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