Infosys, however, feels the high level of cash is an important tool to weather tough times.
Infosys, as part of performance improvement programme, allows 'poor performers' to undergo training to get into shape.
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.
Wipro said recently it was expecting its revenue growth to drop 2.33 per cent or stay flat between $2,015 and $2065 million.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Infosys: Sikka magic may revive double-digit revenue growth
The stock was the worst performer among the blue-chips on both Sensex and Nifty.
With employees as brand ambassadors, can the company get the grime off its image?
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
Did you know that India is among the top five countries in food processing?
Investors indulged in profit booking at attractive and higher valuations
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
'Tata Steel has doubled, Tata Motors has more than doubled, and Tata Chemicals too has more than doubled.' 'So, Cyrus Mistry was getting accepted by the market for bringing in the change that was good for the group companies.'
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Insurance companies are going all out to grab eyeballs.
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Under Neemuchwala's digital-first vision, Wipro has accelerated investments in automation, analytics, cloud and cognitive technologies over the past three years, says Ayan Pramanik.
Even as government projects aren't lucrative from a revenue perspective, companies fight with each other to bag the contracts
There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
About time the Tata companies that are owned by the public are freed from the clutches of Tata Sons, says Sudhir Bisht.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
The local markets are expected to react to global triggers until the government announces the Union Budget.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Revenue from its IT services business rose 9 percent to $1.86 billion.
The one common theme across companies that have rewarded shareholders is consumption.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
As part our series on dealing with the pink slip, we spoke to Nirmal Singh, the founder and CEO of Wheebox, a prominent talent assessment company.
Gains were led by index heavyweights with Reliance Industries contributing the most.
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
