Photo used for representational purpose only. File | Photo Credit: PTI Five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79%. While Reliance Industries […]
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Infosys co-founder Kris Gopalakrishnan, CII leaders C.K.Ranganathan, Suchitra Ella, Telangana Industries and IT Secretary Jayesh Ranjan at the inauguration of CII-CIES in T-Hub, Hyderabad, on March 16. | Photo Credit: Special Arrangement A centre of excellence for innovation, entrepreneurship and startups set up by the Confederation of Indian Industry (CII) in partnership with Infosys co-founder […]
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Infosys founders N.R. Narayana Murthy and Nandan Nilekani during the ‘4 Decades of Excellence’ event at the company’s headquarters in Bengaluru on December 14, 2022. | Photo Credit: PTI As IT major Infosys commemorated its four decades of existence, its founders reminisced about the company’s journey on Wednesday. N.R. Narayana Murthy, Nandan M. Nilekani, S. […]
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Layoffs: People take a photo at Meta corporate headquarters in Menlo Park, California on November 9, 2022. – Facebook owner Meta will lay off more than 11,000 of its staff in the most difficult changes made in Meta’s history, according to CEO Mark Zuckerberg | Photo Credit: JOSH EDELSON In 2020, the number of people […]
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Infosys CEO Salil Parekh says while concerns around economic outlook persist, demand pipeline was strong Infosys CEO Salil Parekh says while concerns around economic outlook persist, demand pipeline was strong Infosy on Thursday raised the lower end of its full-year revenue guidance citing a strong demand pipeline, after the software services provider reported second-quarter net […]
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Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something not […]
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Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay India’s top IT services firms are freezing […]
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Bengaluru Technology services firm Infosys has reduced the average variable payout to 70% for employees for the first quarter of this fiscal citing margin pressures it faced. “The margin impact in the current quarter has reflected on the performance bonus for this cycle. The average bonus payout for Q1 is 70% at an organisation level,” […]
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Deal pipeline strong, will hire 50,000 freshers this fiscal, says managing director Parekh Deal pipeline strong, will hire 50,000 freshers this fiscal, says managing director Parekh Bengaluru-based IT services company Infosys on Sunday ported a 3.2% increase in net profit to ₹5,360 crore for the first quarter ended June. However, the figures reflected a 5.7% […]
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As taxpayers face issues in accessing the e-filing portal, the Income Tax department on Saturday said software provider Infosys is taking ‘proactive measures’ to deal with the ‘irregular traffic’ on the portal. “It has been noticed that taxpayers are facing issues in accessing ITD e-filing portal. As informed by @Infosys, they have observed some irregular […]
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