At market close, the oil-to-telecom conglomerate's market capitalisation (m-cap) zoomed to Rs 10,01,555.42 crore on BSE.
Tata Consultancy Services' CEO and managing director, S Ramadorai, was awarded with the Commander of the Order of the British Empire.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
The share buyback -- which will be the first in the company's 36-year history -- has been a long-standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
The thrust, they feel, remains on design thinking, AI and digital besides enhanced focus on investing in selling and marketing efforts, expanding local talent base and re-skilling staff
'The problem is not the performance under Vishal Sikka, but the quality of Infy's board of directors, argues Debashis Basu.
In 2014, the benchmark Sensex rose by 6,328.74 points or 30 per cent and recorded a record high of 28,822.37 on November 28.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
Faced with a spate of senior-level exits, Infosys co-founder N R Narayana Murthy has written to employees to reassure them that the "leadership changes" will be in the "best interest" of the company.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
Among the businesses that need consolidation are retail and defence
Apart from Infosys, players like Tata Consultancy Services and Mindtree have also pointed towards weakness in the financial services sector and project delays and cancellations that could impact the growth of the USD 110 billion IT services sector in the near term.
New initiatives expected to bear fruit by middle of 2015
The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
The unprecedented rainfall in Chennai during the first week of December and the resultant flooding had impacted the business operations of companies operating in Chennai
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
IT industry body Nasscom said it is quite hopeful the final contour of the bill would be much more balanced than it is at present.
Also looks at setting up development and training centres in the US to tide over visa-related issues
Monday saw the Sensex post its weakest closing since July 11 when it settled at 36,265.93. In the previous four sessions the index had lost 1,249.04 points.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
Cognizant's consulting practice today has 5,500 consultants, perhaps one of the highest numbers when compared to Indian IT players.
Rising protectionist policies followed under Trump administration has prompted all IT services players to hire more locals in onsite geographies, especially in US.
IT majr Wipro needs stability at the top deck, say industry watchers.
Sikka's regret over lack of strategic talk with clients hints at larger problem
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
There was broad-based rally with participation across sectors creating enormous wealth for investors but starting 2018, the rally got concentrated into select large-cap companies with under performance in broader markets.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
