Economy & Business

    India's Infosys falls after Rs 12,500 cr AI deal gets terminated

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    The Hawk
    December26/ 2023
    Last Updated:

    Infosys Stocks Dip 2%, AI Solutions Deal Faces Termination. Uncertainty Looms After Global Company Ends MoU, Stirring Market Concerns Over Future Prospects and Contractual Relationships.

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    Bengaluru: Shares of Infosys fell 2 per cent on Tuesday after the company said that an unnamed global company, which had signed a Rs 12,500 ($1.5 billion) crore deal focused on artificial intelligence solutions, decided to terminate the Memorandum of Understanding (MoU) with the IT giant.

    —Reuters