On the BSE, Infosys shares closed nearly 1% higher at Rs 1,482 apiece on Thursday.
Through automation, advanced technology tools, and mature processes, this collaboration will further modernize State Farm's back-end IT services and infrastructure.
Margins to remain supressed
Tech giant peers TCS and Infosys surged by 1.5% each, while HCL Tech soared around 1.3%.
TCS' stock was the worst hit, down by 2.3%.
TCS logged 19.10% yoy growth in revenue during the quarter at Rs58,229 crore.
Tech giant peers Infosys, HCL Tech and Wipro are set to announce their Q3 result this week.
The company employs approximately 6,000 people worldwide.
Infosys Compaz, a joint venture between Infosys and Temasek, will enhance StarHub’s operations transformation and service experience using Infosys Cobalt.
This comes less than two months after the merger of the two entities.
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