New Delhi: Amid the muted revenue growth in the Indian IT services sector due to global macroeconomic headwinds, leading IT companies saw a drop of nearly 70,000 employees in the last fiscal year (FY24). Infosys, Tata Consultancy Services (TCS), Wipro and Tech Mahindra, among others, lost maximum number of employees in FY24. While Infosys saw … Read more
Bengaluru: The full-year headcount at IT major Infosys declined for the first time in nearly 23 years, by 25,994 in the financial year 2023-24. The full financial year headcount was 317,240 — a 7.5 per cent decrease from the previous fiscal year. “Our utilisation rate has improved from 77 per cent utilisation including trainees in … Read more
Infosys founder NR Narayana Murthy New Delhi: Ekagrah Rohan Murty, the five-month-old grandson of Infosys founder N. R. Narayana Murthy, is set to get richer by at least Rs 4.2 crore as the IT bellwether announced final and special dividends. The Infosys’ board has recommended a final dividend of Rs 20 per equity share, and … Read more
Stocks to watch on April 2: Equity market started the week with modest gains and hit new life highs, gaining over half a percent. In today’s trade, shares of ABFRL, Hero MotoCorp, Infosys, RIL, Bharat Electronics will be in focus due to various developments and monthly business updates. Infosys: The IT services major has received … Read more
UK Prime Minister Rishi Sunak is in a soup after trade minister Dominic Johnson revealed that he gave VIP access to Sunak’s father-in-law’s Indian IT firm Infosys. The Indian company Infosys is owned by Rishi Sunak’s father-in-law Narayan Murty and his wife Akshata Murty has partial ownership in it. The allegations have surfaced as the … Read more
Pedestrians walk past the Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per … Read more
Infosys New Delhi: Infosys shares jumped by 7 per cent on Friday propelling Sensex gains of more than 600 points. Infosys shares surged after its results with the major IT companies also moving up. Tech Mahindra is up more than 4 per cent, Wipro is up more than 4 per cent, TCS is up more … Read more
Infosys Bengaluru: Bengaluru-based tech giant Infosys has accused major rival tech company Cognizant of unethical poaching tactics and also sent an official letter in this regard, sources said on Wednesday. There is a standoff between the two tech giants over senior management staff. Infosys had sent a written communication to Cognizant a few weeks ago, … Read more
The salary revision at Infosys will come into effect from November 1, 2023. The latest salary hike at Infosys, which is for 2023-24, does not cover entry-level employees, and the average hike this time is likely to be below 10 per cent IT major Infosys has started its delayed pay hike. A “large number of … Read more
New Delhi: Infosys founder Narayana Murthy’s two new deepfake videos, which are being shared on social media, purportedly promoting a so-called investing platform “Quantum AI”, claiming that the user of this new tech will be able to earn $3,000 (around Rs 2.5 lakh) on the first working day. One of the videos showed a morphed … Read more
