Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
A brilliant academic record, a self-effacing demeanour and a willingness to work hard - plus the famous Murthy DNA, even if he spells his surname differently. But do these justify Rohan Murty's entry into Infosys?
India's second largest software exporter Infosys on Tuesday said it is pursuing 15 deals worth $100 million overseas, while it expects to earn more than five per cent of its total revenue over the next 5 years from the country.
Infosys continues to see challenges in the short-term in the insurance space.
Software giant Infosys Technologies will become the first private sector company in India to get security cover from the Central Industrial Security Force, with over 100 personnel to be formally inducted on Friday at its facility in Bangalore.
Wipro was the biggest gainer in the Sensex pack, rising 4.34 per cent, followed by HCL Tech, UltraTech Cement, Tata Steel, Tech Mahindra, NTPC, Infosys, Power Grid, Tata Consultancy Services and State Bank of India. Mahindra & Mahindra, ITC, Axis Bank, Nestle, Kotak Mahindra Bank and Asian Paints were among the laggards.
Infosys added 10,997 employees (gross) in the last quarter of FY'14 and 39,985 during the fiscal to take its total headcount to 1,60,405 people.
Infosys co-founder NR Narayana Murthy on Thursday called out "fake news items", which claimed he endorsed automated trading applications and warned the public not to fall for such fraudulent claims. He also slammed "fake interviews" that used "deepfake pictures and videos" of him. In a series of posts on X, Murthy drew the attention of the public to false content being put out by malicious sites and products or services being sold fraudulently using his name and urged people to report any such instances to the concerned regulatory authorities.
Bajaj Finserv, ICICI Bank, Nestle, UltraTech Cement, Bajaj Finance, Maruti, Tata Consultancy Services, IndusInd Bank and State Bank of India were the major laggards. Infosys, JSW Steel, NTPC and Power Grid were the gainers.
From the Sensex firms, Tech Mahindra, NTPC, Tata Steel, Maruti, Infosys, Power Grid, Larsen & Toubro, Axis Bank, Titan, Reliance Industries, Wipro and Mahindra & Mahindra were the biggest gainers. Sun Pharma, UltraTech Cement, Tata Motors, Kotak Mahindra Bank, Bajaj Finance, State Bank of India and Nestle were among the laggards.
As the demand and costs for computing power soar, a core team at Infosys is undertaking a series of green IT initiatives that could help in raising the bar for green IT practices in the country.
IT major Infosys Technologies would be focusing on emerging countries, including Brazil, China and India.
'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
The Bengaluru-based firm's revenue grew 17.3 per cent to Rs 20,609 crore in the quarter under review as compared to Rs 17,567 crore in the same period of 2017-18
Company says faults, which were noticed soon after system upgrade on March 27, have been rectified
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
In August, Vishal Sikka had spoken about a new strategy, focused on renewing core business while building new capabilities like design thinking at the same time.
Besides, the company has sought nod from shareholders for issuing bonus in the ratio of 1:1
Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 929,752.54 crore.
The ministry of external affairs on Monday confirmed the death of Raghavendran Ganesh
There are solid reasons recent observations at the company raise question marks about its adhering to corporate governance in spirit.
India's premier software services company, Infosys Limited, has reached out to its banker, the non-executive chairman of ICICI Bank, K V Kamath, to step into the shoes of its founder N R Narayana Murthy.
Infosys has been hobbled by leadership issues, a dearth of bold decision-making and dissatisfied customers. It needs to fix these to rise back to the top.
Infosys has a proven track record of delivering services for over 15 years now. So, the long-term growth prospects, from this perspective, are encouraging.
These jobs are not being cut and that the employees will be reallocated to other projects
Former finance head Bansal, who left Infosys in 2015, has gone for arbitration over severance pay
From the Sensex pack, Tata Steel, IndusInd Bank, Infosys, UltraTech Cement, NTPC, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, ICICI Bank and Maruti were among the major winners. Titan, Nestle, Larsen & Toubro, Axis Bank, ITC and Asian Paints were among the major laggards.
Infosys has appointed Sudha Murty, Vandana Sikka and Sandeep Dadlani as the trustees of the arm.
Infosys as working on becoming "independent of the visa issue" as much as possible and hire more locals
In what will be the first such comprehensive exercise in the IT industry, all the 91,000-odd employees of India's second-largest IT services provider, Infosys Technologies, will now have to pass certification programmes to get promoted. The certification programme, conducted every March, is now being extended across the board and will test the employees' domain expertise, and grade them accordingly to be eligible for promotion.
Infosys Technologies, India's second largest information technology services firm, has discontinued some of its loan schemes for employees.
It would help the PSU transform its banking and insurance operations cross 150,000 post offices in the country.
With Tata Consultancy Services (TCS) announcing a wage rise for its employees this year and most other industry peers going ahead with their wage increase plans, pressure is expected to mount on Infosys to reconsider its earlier decision.
Billionaire Mukesh Ambani-led Reliance Industries Ltd has lost its position as the Indian stock market's most influential individual company to IT major Infosys, following a recent plunge in its share price.
Even as banks and finance companies are reporting record-high earnings, their weighting in the benchmark National Stock Exchange Nifty50 Index has seen a downward trajectory. Investors expect a stronger performance from other sectors in the new year. Currently, banking, financial services and insurance (BFSI) companies collectively hold a weighting of 34.5 per cent, down from 36.7 per cent at the end of December 2022 and a record high of 40.6 per cent at the end of December 2019. This represents the sector's lowest weighting in the index since December 2021 when it stood at 33.7 per cent.
Restricted stock units can be an effective tool to curb employee attrition and retain key talent
From the Sensex firms, Bajaj Finance, Bajaj Finserv, Infosys, Bharti Airtel, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, ITC, Tech Mahindra, Tata Steel, Tata Motors, Titan, Reliance Industries and Nestle were the major winners. Hindustan Unilever, Power Grid, Axis Bank, Tata Consultancy Services, State Bank of India, Asian Paints and Wipro were the laggards.
The software services provider looks to cut costs and boost sales.
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