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Infosys in the September quarter had revenue of $4.6 billion, just $300 million lower than Cognizant’s $4.9 billion. And there’s a huge gulf between the two companies’ growth rates. While Infosys grew at 18.8% year-on-year in constant currency in the quarter, Cognizant’s growth was a mere 5.6%.

Of the total investment limits in the general category, foreign portfolio investors (FPIs) now own about 17% of corporate bonds and 24.5% of sovereign debt, data from Clearing Corp of India and Bloomberg and compiled by ETIG showed. Such low ownership thresholds were not seen in at least the past 15 years, as per the ETIG analysis.

Consumer price data has driven huge market moves this year, as surging inflation forced investors to ramp up expectations for Fed rate hikes. A stronger-than-expected reading on Nov. 10 would likely bolster the case for the Fed to continue.

Between October 2021 and September 2022, FPIs were net buyers of IT stocks only in August 2022 when they bought shares worth ₹397 crore, show data compiled by primeinfobase.com. Between October 1 and 15, FPIs sold IT shares worth ₹1,665 crore. Investors have dumped IT stocks amid concerns over their prospects in the wake of fears about a recession in the US and Europe.

The non-farm payrolls report comes after a conflicting set of data this week that pointed to a slowdown in certain parts of the economy but also underscored the resilience of the U.S. labor market despite aggressive rate hikes to tame inflation.

“Across market cycles, such an approach has aided in delivering a better risk-adjusted investment experience. Furthermore, multi-asset investing can aid in curbing portfolio volatility and over longer time horizons, the importance of de-risking the portfolio cannot be overstated,” he added.

Kotak Equities expects the country’s largest lender’s operating profit to nearly double, primarily as the base quarter had higher operating costs pertaining to retirement costs.Asset quality is likely to improve further in the quarter gone by, but analysts expect provisions for bad loans to go up sequentially.

RateGain with a market capitalization of around Rs 3,100 crore was founded in 2004. The company is a provider of SaaS solutions and one of the world’s largest processors of electronic transactions and price points for travel and hospitality.

The Rs 137-crore order is for designing, supplying, erecting, testing and commissioning for OHE Modification Work in the existing 25 kV OHE.Rail Vikas Nigam stock in the last 1-year has gained by over 25%.

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