Nifty, Sensex extend rally as corporate tax cuts boost growth hopes [Reuters]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Reuters
Nifty, Sensex extend rally as corporate tax cuts boost growth hopes - Reuters 2 Min Read BENGALURU (Reuters) - Indian shares started the week on an upbeat note as investors expect the government’s surprise move to cut corporate taxes to revive flagging growth in Asia’s third-largest economy. Both indexes recorded their best day in more than a decade after Finance Minister Nirmala Sitharaman on Friday cut the effective corporate tax rate to around 25% from 30% and scrapped the minimum alternative tax for domestic companies. “There will be long-term benefits since the tax rates have come down ... there is no doubt about it,” said Madhumita Ghosh, Dean at Tasmac Global Solutions in Mumbai. “The move will also stimulate FPI inflows.” The broader NSE Nifty was up 2.27% at 11,532.00, as of 0415 GMT on Monday, while the benchmark BSE Sensex rose 2.28% at 38,904.70. India’s fear gauge, the Nifty volatility index surged as much as 14.55%. Most sectors extended Friday’s rally by moving sharping
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INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- INFY's page on the SEC website