Among the Sensex firms, IndusInd Bank, Tata Steel, Tata Motors, Sun Pharma, Infosys, Mahindra & Mahindra, Infosys, NTPC, Bharti Airtel, HCL Technologies and Axis Bank were the biggest gainers. Tech Mahindra and Bajaj Finance were the laggards.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
After his retirement from Infosys last year, Gopalakrishnan has been active in philanthropy, science and technology
TCS saw its headcount reduced by 6,333. Infosys' headcount decreased by almost 7,500, and HCLTech saw its employee numbers shrink by 2,299.
The report said recent concerns about manpower like attrition, quality of talent and rising wages, have compelled IT companies to take a relook at their so far successful offshore business model more than ever before.
Over 100 people, including 20 senior consultants and at least six VPs, have quit Infosys in 6 months.
One of the reasons is the increasing number of upgrades in analysts' recommendations.
Starting its journey with a gross revenue of $5 million during its stock market debut on June 14, 1993, Infosys has reached dizzying heights, with a revenue of $10.93 billion in 2017-18
Gives more reporting options to staffers who wish to flag a wrong practice; sequel to changes required from US law, experience.
Software major Infosys on Thursday said it would spend A$ 800,000 over four years in Australia's Smart Internet Technology Cooperative Research Centre (Smart Internet) for conducting research and development in emerging technology areas.
Will Infy spring a surprise in subdued second quarter?
As many as 13 RRBs have finished implementing Finacle CBS solution for their operations.
Oil companies, cement makers, IT stocks lead declines.
Despite a shrinking market share and declining profitability, Murthy's return helped Infosys get a double thumbs-up from investors.
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
These jobs are not being cut and that the employees will be reallocated to other projects
Infosys has signed a deal with Fujitsu to provide co-development and functionality enhancement services to the Fujitsu suite of software products.
We have initiated the search now to ensure we have a seamless management transition to the next leader, says K V Kamath.
Companies now require more than just academic marks; they seek students with internship experience or extra certification courses.
Infosys has has the highest proportion of non-independent directors on its board.
'These are the two core skill sets that are required for any job, in any profession.'
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
Sikka has influenced the company to break away from the old mould in more ways than one.
The Karnataka government on Wednesday put the reservation bill for Kannadigas in private firms on hold amid fierce criticism from business leaders and tech tycoons.
A 700-750 pence per share final price for Axon ($900-910 million) cannot be ruled out by the time the bidding war ends, say CLSA analysts. However, regardless of whoever wins this largest overseas acquisition, Emkay Global Financial Services analysts opine that Axon could well prove to be a winner's curse since a long-drawn bidding war might tell on the bottom lines of both firms.
Last year in the same quarter, Cognizant had toppled Wipro as the third largest software exporter in India.
With employees as brand ambassadors, can the company get the grime off its image?
Infosys to open first overseas campus in China
Information Technology major Infosys on Tuesday signed an agreement with Australian company Smart Internet Technology CRC to partner in research and development projects.
Vishal Sikka's may be a formidable name in the global technology segment, but he isn't your average geek who has time only for technology labs and technical journals.
Infosys has a new M&A head to enhance trust on inorganic growth.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
Shares of Tata Consultancy Services (TCS) jumped 4 per cent on Tuesday, taking its market valuation to above Rs 15 lakh crore mark. The stock of the country's second most valued firm by market valuation jumped 4.05 per cent to settle at Rs 4,133.45 apiece on the BSE. During the day, shares of the company climbed 4.45 per cent to Rs 4,149.75 -- its all-time high.
Sources said the spin-off, a joint venture company, was yet to be named.
The curtains are set to come down on one of India Inc's most celebrated succession dramas.
Infosys, the country's second largest information technology services company, expanded its Executive Council (EC) on Thursday, with the induction of 12 new members.
The US had initiated investigation against Infosys and its larger rival Tata Consultancy Services (TCS) for possible violations of H-1B visa rules in June.
Possibility of higher growth and relatively cheaper valuations makes Street more positive on Infosys, says Sheetal Agarwal.
