Infosys on Wednesday reported an 8.7 per cent increase in consolidated net profit in the June quarter to Rs 6,921 crore, as India's second-largest IT services firm forecast a 1-3 per cent revenue growth for the full FY26. The Bengaluru-headquartered firm had logged a net profit (attributable to owners of the company) of Rs 6,368 crore in the year-ago period, according to a regulatory filing.
'Companies will need to revisit compensation structures, contracts, staffing models, and human resources system.'
'We have been following the micro-change philosophy, where every six weeks we implement these AI features into our internal systems, products, platforms and then release it to our employees.'
Infosys, HCL, Wipro ramp up fresher intake as AI reshapes skills demand and hiring shifts from 'hire to train' to 'train to hire'.
When enumerators came for the survey a few days ago, Sudha Murty and Narayana Murthy reportedly told them, "We don't want the survey conducted at our home."
Indian information technology (IT) services companies reported lacklustre growth in the second quarter, at a time when the macroeconomic environment did not deteriorate further. HCLTech emerged the best performer among India's top six IT services firms with a constant-currency growth rate of 4.6 per cent, even though uncertainties continued to persist.
According to the police, the incident occurred on Monday morning when the woman noticed a suspicious reflection and movement from an adjacent cubicle while using the washroom.
From the Sensex pack, Asian Paints, ICICI Bank, PowerGrid, Larsen & Toubro, Bajaj Finserv, Bharti Airtel, Sun Pharmaceuticals, Maruti Suzuki India, Axis Bank, UltraTech Cement and HCL Technologies were the only gainers. On the other hand, Eternal, Tata Motors' commercial vehicles arm, Mahindra & Mahindra, Tata Steel, Bharat Electronics Ltd, Tata Motors Passenger Vehicles, Trent, Tata Consultancy Services, Hindustan Unilever, and Infosys were among the laggards.
The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore, the company said in a statutory filing.
Shiv Nadar and family donated Rs 2,708 crore (Rs 27.08 billion) in 2024-2025.
The debate over working hours flared up after Infosys Co-founder N R Narayana Murthy called for 14-hour workdays.
The buyback comes at a time when Infosys shares have declined 19 per cent so far this year.
Stock market investors this week would track the renewed tariff tensions between the US and China, domestic inflation data, besides, quarterly earnings from blue-chips HCL Tech, Infosys and Reliance Industries would also drive the momentum in equities, analysts said.
Biocon chief Kiran Mazumdar-Shaw met with Karnataka's Chief Minister and Deputy Chief Minister on Diwali, amidst ongoing concerns about Bengaluru's infrastructure.
Karnataka Deputy Chief Minister D K Shivakumar responds to criticism regarding Bengaluru's infrastructure, while industry leaders and opposition members voice their concerns.
Companies such as TCS, Infosys, Wipro and HCLTech usually have big centres in cities to be in proximity with their clients.
2025 has seen a sharp rise in lawsuits targeting IT services and consulting companies, which now increasingly offer proprietary digital platforms and cloud services.
Infosys has laid off 195 trainees for failing internal assessments, according to emails sent by India's second largest IT services firm. It is the company's third layoff of trainees this year. As many as 320 trainees were dropped in February on similar grounds and 240 earlier this month.
Tech Mahindra's net profit declined 4.5 per cent to 1,195 crore in the September quarter over a year earlier. It was, however, slightly higher than 1,141 crore sequentially.
To turn disruption into opportunity, NITI Aayog has recommended the launch of a National AI Talent Mission to make India the AI workforce capital of the world.
Initially, the lure of a big paycheck may feel rewarding. But, over time, professionals find themselves drifting away from family, friends and personal joys, observes Pradeep Pramanik.
Infosys has opened a new development centre at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to develop solutions for global Banking, Financial Services, and Insurance (BFSI) clients.
Information technology (IT) services major Infosys on Wednesday announced the formation of a joint venture (JV) with Telstra, Australia's leading telecommunications and technology company. This will allow Infosys to accelerate artificial intelligence (AI)-enabled cloud and digital solutions for Australian businesses.
Among Sensex firms, Maruti, Axis Bank, Larsen & Toubro, ICICI Bank, Bharti Airtel, Infosys, Adani Ports and Hindustan Unilever were the laggards. However, Titan, State Bank of India, Eternal and Trent were among the major gainers.
Bengaluru is at a critical juncture, where its economic model, reliant on attracting and retaining skilled professionals, is directly threatened by a measurable decline in urban quality of life, point out Shishir Gupta and Rishita Sachdeva.
India's second largest IT company Infosys' board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh. These stock incentives are under various heads including ESG and equity, and add up to over Rs 51 crore.
Infosys has launched a new array of AI-powered innovations and platforms for the 2025 Australian Open.
From the Sensex firms, Tech Mahindra, Tata Consultancy Service, Infosys, HCL Tech, Tata Motors, Trent, Reliance Industries and Larsen & Toubro were among the major laggards. However, Eternal, Bajaj Finance, Adani Ports and UltraTech Cement were among the gainers.
The US remains the largest market for IT outsourcing, and for Indian giants TCS, Infosys and Wipro, it contributes around 40 per cent of their top line.
Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest in Mumbai, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved.
IT services company Infosys on Wednesday said it did not use force or intimidation tactics when it laid off trainees at Mysuru campus over performance-related issues, and that it was explaining the circumstances to the labour department authorities. In an interview to PTI, Shaji Mathew, chief human resources officer at Infosys, however, conceded that assessment failure percentages this time around have been "slightly higher" than in the past but dismissed charges that the tests had been designed for failure.
Indian information-technology (IT) service providers are likely to report another quarter (July-September) of low, single-digit growth owing to macro uncertainties, chiefly emanating from America, with no respite in sight even in the second half of the year.
Infosys commits to hiring 20,000 graduates amid industry-wide layoffs and uncertainty.
IT stocks dropped in morning trade on Monday, with Tech Mahindra tumbling over 6 per cent, amid concerns over the steep hike in US H-1B visa fees. Shares of Tech Mahindra tumbled 6.45 per cent, LTI Mindtree slumped 5.61 per cent, Persistent Systems dropped 5.51 per cent, Hexaware Technologies tanked 5.14 per cent and HCL Tech fell by 4.24 per cent on the BSE.
In the medium term, corporates and vendors could move away from visa dependency, shift more work offshore and share higher cost burdens with clients.
IT services company Infosys has laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts, according to sources. IT employee union NITES, however, said the number of freshers affected by the move was much higher, and threatened to lodge an official complaint with the Ministry of Labour and Employment, seeking urgent intervention and strict action against the company.
'I want to tell big IT companies and others that such things (pothole issue) are everywhere, we are doing our job. It is there across the country, but we have a duty, we will do it'
'It's better to stay away from large IT stocks until there is clarity on tariffs.'
The decision to hike US H-1B visa application fee to $100,000, trade talks and the GST rate cut will be the key drivers for stock market movement this week, analysts said.
India's second-largest IT company Infosys on Thursday reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter. It had posted a profit (attributable to owners of the company) of Rs 7,969 crore in the year-ago period.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances