BSE SENSEX

ITC Holdings Corp. Receives Order from FERC on MISO base ROE Matter

Retrieved on: 
Friday, November 22, 2019
Companies, BSE SENSEX, CNX Nifty, Economy of Kolkata, ITC Limited, Fortis, Roe, Federal Energy Regulatory Commission, EP, John Doe, Financial services, Finance

FERC adjusted the base ROE to 9.88% with an upper end of the zone of reasonableness at 12.24%.

Key Points: 
  • FERC adjusted the base ROE to 9.88% with an upper end of the zone of reasonableness at 12.24%.
  • Including ROE incentive adders for Regional Transmission Organization participation and independence at ITC, this implies an all-in prospective ROE of 10.63% for ITC's subsidiaries operating in the MISO footprint.
  • Every 10-basis point change in ROE at ITC impacts EPS at Fortis by approximately one cent per common share.
  • "After six years of navigating through the MISO base ROE matter, ITC has received guidance on its outstanding complaints and the go-forward ROE at its subsidiaries operating in MISO," said Barry Perry, President and Chief Executive Officer, Fortis.

Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Infosys Limited

Retrieved on: 
Thursday, November 21, 2019
BSE SENSEX, CNX Nifty, Infosys, Companies, Class action, Economy of India, Service companies

LOS ANGELES, Nov. 21, 2019 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (GPM) reminds investors of the upcomingDecember 23, 2019deadline to file a lead plaintiff motion in the class action filed on behalf of Infosys Limited (Infosys or the Company) (NYSE: INFY ) investors who purchased securities between July 7, 2018 and October 20, 2019, inclusive (the Class Period).

Key Points: 
  • LOS ANGELES, Nov. 21, 2019 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (GPM) reminds investors of the upcomingDecember 23, 2019deadline to file a lead plaintiff motion in the class action filed on behalf of Infosys Limited (Infosys or the Company) (NYSE: INFY ) investors who purchased securities between July 7, 2018 and October 20, 2019, inclusive (the Class Period).
  • On October 21, 2019, Infosys disclosed that it had received whistleblower complaints alleging unethical practices by the Companys management to inappropriately boost short-term revenue and profit.
  • If you purchased or otherwise acquired Infosys securities during the Class Period, you may move the Court no later thanDecember 23, 2019 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infosys Limited (INFY) Investors with Significant Losses to Contact Its Attorneys, Securities Class Action Deadline is Approaching

Retrieved on: 
Thursday, November 21, 2019
BSE SENSEX, CNX Nifty, Infosys, Securities fraud, Companies, Steve Berman, Service companies, Economy of India

SAN FRANCISCO, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Hagens Berman reminds investors in Infosys Limited (NYSE: INFY) of a recently filed securities fraud class action against the company.

Key Points: 
  • SAN FRANCISCO, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Hagens Berman reminds investors in Infosys Limited (NYSE: INFY) of a recently filed securities fraud class action against the company.
  • The firm urges INFY investors who have suffered significant losses to submit a loss form now to learn if they qualify to recover their investment losses.
  • Infosys Limited (INFY) Securities Class Action:
    The Complaint alleges Defendants misstated Infosyss true revenues by engaging in improper revenue recognition practices.
  • If you purchased shares of INFY and suffered significant losses, click here to discuss your legal rights with Hagens Berman .

TCS Collaborates with Qualcomm to Launch New Innovation Hub to Develop Next-Gen AI Solutions with 5G

Retrieved on: 
Wednesday, November 20, 2019
Mobile telecommunications, BSE SENSEX, CNX Nifty, Tata Consultancy Services, Technology, 5G, Service companies, Companies, TCS, Tata Research Development and Design Centre, India Mobile Congress

NEW YORK andHYDERABAD, India, Nov. 20, 2019 /PRNewswire/ --Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announcedthe launch of a first-of-its-kind Innovation Hub in Hyderabad, India.

Key Points: 
  • NEW YORK andHYDERABAD, India, Nov. 20, 2019 /PRNewswire/ --Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announcedthe launch of a first-of-its-kind Innovation Hub in Hyderabad, India.
  • The technology industry ecosystem anticipates a new wave of technology investments from progressive enterprises looking to harness the power of 5G, AI and other emerging technologies.
  • The new hub will utilize TCS' expertise in digital technologies, along with Qualcomm Technologies' depth in 5G, edge AI and edge devices to build solutions to entirely new use-cases.
  • The Innovation Hub will explore the possibilities opened up by 5G in different industries such as healthcare, automotive, manufacturing, retail, utilities.

PayBright named Canada's FinTech Company of the Year

Retrieved on: 
Wednesday, November 20, 2019
Economy, Finance, Money, BSE SENSEX, CNX Nifty, ICICI Bank, Financial technology, Fintech awards, Manish Khera

TORONTO, Nov. 20, 2019 /PRNewswire/ - PayBright today announced that it was named FinTech Company of the Year at the 5th Annual Canadian FinTech & AI Awards.

Key Points: 
  • TORONTO, Nov. 20, 2019 /PRNewswire/ - PayBright today announced that it was named FinTech Company of the Year at the 5th Annual Canadian FinTech & AI Awards.
  • PayBright was selected from among 37 nominees for the award, which was presented by ICICI Bank.
  • The ICICI Bank FinTech Company of the Year Award is for an established fintech company in Canada that has been providing financial products or services for over four years and is actively engaged in innovation.
  • PayBright is a Canadian consumer payments platform focused on instant point-of-sale installment payment plans for both e-commerce and in-store transactions.

Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Against Infosys Limited – INFY

Retrieved on: 
Monday, November 18, 2019
Companies, BSE SENSEX, CNX Nifty, Infosys, Service companies, Class action, New York Stock Exchange, Securities Class Action, Economy of India

NEW YORK, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a securities class action lawsuit on behalf of shareholders who bought shares of Infosys Limited (NYSE: INFY) between July 7, 2018 and October 20, 2019, inclusive (the Class Period).

Key Points: 
  • NEW YORK, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a securities class action lawsuit on behalf of shareholders who bought shares of Infosys Limited (NYSE: INFY) between July 7, 2018 and October 20, 2019, inclusive (the Class Period).
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • If you wish to join the case go http://zhanginvestorlaw.com/join-action-form/?slug=infosys-limited&id=2063 or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq.
  • or Spencer Lee toll-free at 800-991-3756 or email [email protected] , [email protected] for information on the class action.

Mindtree Appraised at CMMI V2.0 Level 5 for Capabilities in Product Development and Services

Retrieved on: 
Monday, November 18, 2019
BSE SENSEX, Mindtree, Software development process, Economy of India, Service companies, Companies

Mindtree is one of the first IT organizations to be globally recognized for the suite's Development and Services views.

Key Points: 
  • Mindtree is one of the first IT organizations to be globally recognized for the suite's Development and Services views.
  • Mindtree is a pioneer in optimizing and integrating standards and has demonstrated its full commitment for continuous process improvements and quality since its inception.
  • This Level 5 assessment emphasizes the high level of rigor in data and metrics-driven practices we follow and validates our delivery methodologies, systems and governance."
  • Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.

Mindtree Appraised at CMMI V2.0 Level 5 for Capabilities in Product Development and Services

Retrieved on: 
Monday, November 18, 2019
BSE SENSEX, Mindtree, Software development process, Economy of India, Service companies, Companies

Mindtree is one of the first IT organizations to be globally recognized for the suite's Development and Services views.

Key Points: 
  • Mindtree is one of the first IT organizations to be globally recognized for the suite's Development and Services views.
  • Mindtree is a pioneer in optimizing and integrating standards and has demonstrated its full commitment for continuous process improvements and quality since its inception.
  • This Level 5 assessment emphasizes the high level of rigor in data and metrics-driven practices we follow and validates our delivery methodologies, systems and governance."
  • Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.

Infosys Makes Strides Toward Closing Skills Gap in Indiana

Retrieved on: 
Friday, November 15, 2019
Geography of Indiana, INDIANA, BSE SENSEX, CNX Nifty, Infosys

Infosys also announced the hiring of over 500 American workers in Indiana since March 2018.

Key Points: 
  • Infosys also announced the hiring of over 500 American workers in Indiana since March 2018.
  • "We are excited by the progress we have made in Indiana and believe that our best days in the state are still ahead of us," saidRavi Kumar, President, Infosys.
  • Our continued investment in Indiana will enhance our ability to co-locate, co-innovate, and co-create alongside existing and future clients."
  • Hiring from Ivy Tech Community College of Indiana is also underway following a close collaboration between Infosys and the academic institution.

ISG Discusses Next-Generation Job Opportunities for Connecticut at Infosys Innovation Day

Retrieved on: 
Thursday, November 14, 2019
BSE SENSEX, Companies, Economy of India, CNX Nifty, Infosys, Service companies, Draft:Information Services Group, Inc.

"As a global technology research and advisory firm headquartered in Connecticut, ISG welcomes the strong efforts by Infosys and others to drive growth in information technology and digital backbone jobs in our region," Lavieri said.

Key Points: 
  • "As a global technology research and advisory firm headquartered in Connecticut, ISG welcomes the strong efforts by Infosys and others to drive growth in information technology and digital backbone jobs in our region," Lavieri said.
  • "The future of the workplace is here and now, in the form of cutting-edge recruiting and training programs that merge local talent with local digital needs.
  • The Infosys event earlier today spotlighted ongoing open source, automation and agile projects being managed by local talent.
  • ISG (Information Services Group) (Nasdaq: III ) is a leading global technology research and advisory firm.