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Infosys forecast its slowest revenue growth in six years of 4-7% for fiscal year 2024 as India’s second-largest software exporter flagged “ramp-downs” of client mandates amid an uncertain macro environment in its major markets of US and Europe.
Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to its highest level in 9 months on accelerated government expenditure and overseas inflows into local financial assets, helping drive down money market rates.
Omnichannel retailer FirstCry is in discussions with a set of sovereign funds to facilitate some of its shareholders to sell a stake in the company at a valuation of nearly $3 billion, three people in the know told ET.
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