
A Trio of ANZ Credit Traders Depart to Join Standard Chartered
Ming Wo, Duncan Robinson and Adam Hall, all based in Singapore, have left, the people said, declining to be identified discussing confidential information.

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By Markets Desk Published on August 14, 2025, 07:58 IST Nomura has reiterated its buy call on Infosys with a target price of ₹1,880 after the company announced a carve-out deal in Australia with Telstra. Under the agreement, Infosys will acquire a 75% stake and operational control in a newly created entity, while Telstra will retain the remaining 25%. The Indian IT major will pay AUD 233 million for its stake. Nomura estimates the acquisition will add around $70 million to Infosys' revenue in FY26, contributing approximately 35 basis points to overall growth. The brokerage views the deal as a strategic expansion of Infosys' capabilities and client reach in the Australian market, further strengthening its partnership with Telstra. The brokerage believes the move aligns with Infosys' focus on targeted acquisitions to drive geographic and sectoral growth, and with the company's solid balance sheet, it sees scope for further such transactions to enhance long-term earnings visibility. Disclaimer: The views and recommendations made in this article are those of Nomura. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. Ahmedabad Plane Crash Markets Desk at