Infosys: News
15 Nov 2024
NR Narayana MurthyIndia should adapt AI, not build from scratch: Narayana Murthy
Infosys co-founder NR Narayana Murthy has defended India's IT services industry against criticisms of its lack of innovation, particularly in the development of large language models (LLMs).
10 Nov 2024
Bharti AirtelIndia's top 6 firms lose ₹1.55 lakh crore in m-cap
Six of India's top 10 most valuable companies witnessed a massive erosion in market valuation last week, to the tune of ₹1.55 lakh crore.
27 Oct 2024
Bharti AirtelMarket cap of India's top 9 companies plunges ₹2L crore
Nine of India's top 10 most valued companies have witnessed a massive erosion in their market valuation last week. The total loss stands at an eye-watering ₹2,09,952.26 crore.
27 Oct 2024
BengaluruMinister slams ex-Infosys CFO over silence on Karnataka's GST share
Karnataka has overtaken Delhi to emerge as the second-highest contributor to India's direct tax revenue, a recent State Bank of India (SBI) report revealed.
17 Oct 2024
BusinessInfosys Q2 net profit rises to ₹6,506 crore, misses estimates
Infosys has posted a 2.2% sequential rise in its net profit for the second quarter of FY25 at ₹6,506 crore. However, the number was below market expectations.
07 Oct 2024
Tata Consultancy Services (TCS)Tech firms, start-ups resume hiring after months of mass layoffs
After a hiring freeze of 12-18 months, Indian technology companies and start-ups are back on the lookout for talent.
06 Oct 2024
HDFC BankNine of India's top 10 firms lose ₹4.75 lakh crore
Nine out of India's 10 most valuable companies experienced a significant drop in their market valuation last week, with a total loss amounting to nearly ₹4.75 lakh crore.
29 Sep 2024
Reliance IndustriesMarket cap of India's top 8 companies surges ₹1.21L crore
The combined market capitalization of eight out of the top 10 most valued firms in India, saw a significant surge last week.
26 Sep 2024
PolestarInfosys lands major EV deal with Swedish automaker Polestar
Infosys, a leading Indian technology services company, has secured a significant contract with Swedish electric vehicle (EV) manufacturer Polestar.
26 Sep 2024
SensexSensex, Nifty hit record highs for 6th consecutive session
The Sensex and Nifty 50 have continued their record-breaking streak, reaching new all-time highs today.
10 Sep 2024
BengaluruInfosys co-founder Kris Gopalakrishnan is now richer than Narayana Murthy
The Hurun India Rich List 2024 has revealed that Senapathy 'Kris' Gopalakrishnan, a co-founder and former CEO of Infosys, has surpassed fellow co-founder N Narayana Murthy in terms of wealth.
05 Sep 2024
KarnatakaCentre to act against Infosys over onboarding delays of freshers?
The Union Ministry of Labor and Employment has urged the Karnataka government to take action against Bengaluru-based IT giant Infosys, following complaints about delayed onboarding of new recruits.
04 Sep 2024
BusinessInfosys yet to offer joining dates to 700 freshers
Approximately 700 new recruits are still awaiting their joining dates from Indian IT giant Infosys, despite over 2,000 of their peers receiving final offer letters.
03 Sep 2024
BusinessAfter 2-year delay, Infosys gives joining dates to 1,000 freshers
Infosys, a leading global IT services company, has finally issued joining dates to over 1,000 engineering graduates.
31 Aug 2024
BusinessInfosys's pre-training changes leave 1,500 new hires in limbo
Infosys has initiated two rounds of pre-training for approximately 1,500 students from the April 2022 batch having offer letters.
24 Aug 2024
CognizantCognizant sues Infosys over alleged theft of trade secrets
Cognizant, a leading information technology (IT) firm, has filed a lawsuit against Infosys in a US federal court.
23 Aug 2024
GSTGovernment may withdraw $4 billion GST demand from Infosys
The Indian government is considering withdrawing its $4 billion back tax demand from IT behemoth Infosys, according to two government insiders (via Reuters).
18 Aug 2024
Life Insurance Corporation of IndiaMarket cap of India's top 7 firms up ₹1.4L crore
Seven of the most valued companies in India, witnessed a significant increase in their combined market valuation last week.
04 Aug 2024
Bharti AirtelIndia's top 8 companies lose ₹1.28L crore in market cap
Eight of India's top 10 most valued firms, witnessed a significant drop in their market capitalization (mcap) last week, resulting in a combined loss of ₹1.28 lakh crore.
04 Aug 2024
GSTInfosys gets relief in ₹3,898 crore FY18 GST case
The Directorate General of Goods and Services Tax Intelligence (DGGI) has resolved a tax case involving IT giant Infosys for the fiscal year 2017-18.
31 Jul 2024
GSTInfosys under investigation for GST evasion of over ₹32,000cr
Infosys, a prominent IT services firm, is being investigated by the Directorate General of GST Intelligence (DGGI) for allegedly evading over ₹32,000 crore in integrated goods and service tax (IGST).
28 Jul 2024
Reliance IndustriesMcap of 6 top-valued companies in India skyrockets ₹1.85L crore
The combined market capitalization (mcap) of six out of the top 10 valued firms in India, experienced a significant increase last week, soaring by ₹1,85,186.51 crore.
19 Jul 2024
EuropeInfosys hits new high as IT major raises FY25 guidance
Infosys, a prominent player in the IT sector, has reported a higher-than-expected Q1 FY25 earnings performance.
18 Jul 2024
KarnatakaWhat Biocon founder Mazumdar-Shaw said on Karnataka's job quota bill
Kiran Mazumdar-Shaw, founder of pharmaceutical titan Biocon, opposed the Karnataka government's now-paused job quota bill.
Work 70-hours? Why this CA is mocking Infosys founder's advice
Infosys founder Narayana Murthy is facing backlash from a Chartered Accountant (CA) over his advice that young Indians should work 70 hours per week to boost productivity.
14 Jul 2024
ICICI BankM-cap of top 10 firms jumps ₹1.72L crore, TCS leads
The combined market valuation of seven out of the top 10 most valued Indian firms, experienced a significant increase last week, with a total jump of ₹1.72 lakh crore.
07 Jul 2024
Life Insurance Corporation of IndiaEight Indian powerhouses drive ₹1.83 lakh crore market surge
Last week saw a significant increase in the market valuation of eight out of the top 10 most valued firms, collectively adding ₹1,83,290.36 crore to their worth.
27 Jun 2024
Securities and Exchange Board of IndiaInfosys settles insider trading charges with SEBI, pays ₹25L fine
Infosys, India's second-largest IT services company, has settled insider trading charges with the Securities and Exchange Board of India (SEBI), according to Reuters.
26 Jun 2024
Narayana MurthySudha Murty recalls unexpected call from late President Kalam
Renowned author, philanthropist, and Rajya Sabha MP Sudha Murty recently recounted an amusing incident involving a phone call she received from the late President APJ Abdul Kalam.
23 Jun 2024
HDFC BankM-cap of HDFC, ICICI, and Infosys soars by ₹1.06L crore
In the previous week, the combined market capitalization of three leading firms in India saw a significant increase of ₹1,06,125.98 crore.
13 Jun 2024
AppleTCS, HDFC Bank, Airtel, Infosys among world's top 100 brands
Four major Indian companies have occupied positions on the list of the 100 most valuable brands globally this year, per Kantar BrandZ Most Valuable Global Brands 2024 report.
10 Jun 2024
Stock MarketSensex, Nifty close in red after touching record highs
On Monday, the stock market witnessed a slump after hitting record highs.
09 Jun 2024
Bharti AirtelMarket valuation of top Indian firms skyrockets by ₹3.28 trillion
Eight of India's most valued domestic firms collectively added ₹3.28 lakh crore to their market valuation last week, led by Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries.
03 Jun 2024
WiproInfosys CEO Salil Parekh is second-highest paid in IT sector
Salil Parekh, the CEO of Infosys, has been recognized as the second-highest paid CEO in India's IT sector for FY24, with earnings of ₹66.25 crore.
02 Jun 2024
Bharti AirtelM-cap of top firms plummet, Reliance Industries suffers major loss
Last week, eight out of the 10 most valued companies in India, saw a significant drop in their combined market capitalization, amounting to a total loss of ₹2,08,207.93 crore.
28 May 2024
AccentureIndian IT sector hit by silent layoffs, over 20,000 affected
India's IT sector has been hit by a wave of 'silent' layoffs between 2023 and 2024.
14 May 2024
CognizantCognizant issues termination threat to employees defying return-to-office directive
Cognizant, a leading IT firm listed on NASDAQ, has reportedly issued a severe warning to its employees.
05 May 2024
Bharti AirtelMarket cap of 6 major companies declined by ₹68,400 crore
Last week, six out of the 10 most valued firms experienced a significant decrease in their combined market valuation by ₹68,417.14 crore.
20 Apr 2024
WiproWipro, TCS, Infosys collectively lost 63,759 workers in FY24
In a first occurrence over the past two decades, leading Indian IT companies Tata Consultancy Services (TCS), Infosys, and Wipro have reported a collective annual decrease in their workforce.
19 Apr 2024
NR Narayana MurthyNarayana Murthy's 5-month-old grandson to receive ₹4cr from Infosys dividend
Ekagrah Rohan Murty, the five-month-old grandson of billionaire Narayana Murthy, is set to receive a dividend income of ₹4.2 crore from his stake in Infosys.
18 Apr 2024
BusinessInfosys's Q4 profit surges 30% to ₹7,969 crore
Infosys has announced a substantial 30% increase in its consolidated profit for the fourth quarter ending March 2024.
