L&T Q4 Beats The Estimate With A profit Rise of 69 percent

#Larsen&Toubro Ltd India's top ranked engineering company has beated the estimates of the analysts with 69 percent #profit rise due to a steep gain in its #infrastructure and heavy #engineering business.
 L&T in a statement told net profit from continuing operations reached 27.23 billion rupees ($461 million) in January-March from 16.1 billion rupees a year.
Shares of L&T, which lays roads and makes ships, trains and power plant equipment, closed 0.27 percent lower ahead of the release, compared with a flat Nifty.

INFOSYS Is Under Pressure To Appoint New CEO

India's second largest #IT company #Infosys Ltd is under pressure for appointing a new CEO to check the mass departure of junior staffs and reassure investors after a slew of departures at the top.
Infosys shares fell to its lowest level in nine months just after president and board member B.G. Srinivas had resigned.
The departure of Srnivas have created a urgent need for #CEO such that the company is even ready to break its tradition and is ready to hire CEO from outside.
The company, which has been losing market shares to its rivals Tata Consultancy Services Ltd and Cognizant Technology Solutions Corp, did not give a reason for Srinivas' resignation in a stock exchange filing.
According to experts from share market Infosys should appoint a new CEO within one or two months to bring the stability of the company and confidence of investors.

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