Narayana Murthy's IT stock loses USD 1.5 billion AI-deal

In a surprise twist, Infosys just axed a potentially lucrative USD 1.5 billion, 15-year deal with an unidentified global client. This AI-focused partnership, initially announced in September, was meant to boost Infosys' digital transformation offerings. However, just weeks after a key leadership change, the client pulled out, leaving Infosys under increasing pressure in a sluggish market.