The move comes at a time when the traditional software maintenance and support works, once the bread and butter for export-driven IT services business, are slowly drying up.
Will Infy spring a surprise in subdued second quarter?
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
'His working style differs from his father as he is a quick decision-maker.'
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
Barring oil and gas, all BSE sectoral indices finished in the green.
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
The company attributed the cut in guidance to the macroeconomic uncertainties.
Students will have more H1Bs to count on after they graduate.
If everybody is 'working' from home, then how has TV consumption gone up? Who is making all that gourmet food being posted on social media?
With the lockdown in force, live online teaching has become the order of the day, report Peerzada Abrar and Sai Ishwar.
Accenture has its largest employee base in India with close to three lakh people.
The list of corporations publishing biographies has lengthened steadily as companies have realised the effectiveness of story telling as a brand building tool. Kanika Datta investigates the rising trend.
It is not that platforms and products are something that Infosys has not tried earlier.
Of these, three stocks belong to the automobile pack and two are from the pharma.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
Leveraging next generation technologies like artificial intelligence, software services major Infosys is confident of returning to industry-leading growth and regaining its position as the bellwether of the over $100 billion Indian IT industry.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
'It is not that the H1B visa employees are coming in to displace jobs.'
Sikka said since more and more of the work is now becoming automated, the Indian IT companies need to focus much more on the innovative areas and on the new areas.
Infosys may have put the visa misuse investigations behind it through a civil settlement with the US authorities, but experts believe that the episode might drag its other peers under the scanner.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
Even as high attrition rates continue to haunt Infosys, the country's second-largest IT services firm is confident of bringing it down to 12-14 per cent in the next two quarters as it gets back to the growth trajectory.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Sensex ends belowe 26,800 on domestic concerns.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
The broader NSE Nifty gained 22 points to 10,480.60
Google is the most attracitve employer in India followed by Sony
Experts, however, are of the opinion that a world manned mostly by bots is still some time away. Also, new jobs -- of bot builders and supervisors -- will emerge with time.
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
