Infosys shares

Infosys shares have highest weight in Nifty IT index; TCS positioned second

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Infosys shares have highest weight in Nifty IT index; TCS positioned second

IT stocks are in focus as the top Indian software companies, Tata Consultancy Services (TCS), Infosys, Wipro and Persistent Systems, have announced their Q4 results. The Nifty IT index, the benchmark that gauges the performance of IT stocks, has failed to give any return in the year 2024 so far. The Nifty IT index has … Read more

What are the tax implications of gifting shares to your grandson?

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What are the tax implications of gifting shares to your grandson?

Infosys co-founder and chairman emeritus NR Narayana Murthy has gifted Infosys shares worth ₹240 crore to his four-month-old grandson, Ekagrah, who now holds a 0.04% stake in the company. This gesture follows the tradition of grandparents gifting shares, gold, cash, and other assets, but this raises questions about the tax implications for both the giver … Read more