Infosys: News

20 Dec 2024

HDFC Bank

Sensex crashes again, down over 3,500 points in 5 days

The Indian stock market witnessed yet another major decline today with the Sensex falling over 820 points to trade around 78,390, at the time of writing.

19 Dec 2024

HDFC Bank

Sensex plummets 1,000 points: Key reasons behind today's market crash

The Indian stock market witnessed a major crash today with the BSE Sensex crashing over 1,000 points and the NSE Nifty falling below the 24,000 mark.

16 Dec 2024

Narayana Murthy

Narayana Murthy once again defends 70-hour workweek philosophy 

Once again, Infosys co-founder Narayana Murthy has pitched for a 70-hour workweek as a means to push India forward.

15 Dec 2024

Bharti Airtel

Top 5 Indian firms add ₹1.13L crore to market cap

Five of India's most valuable companies saw a massive jump in their market capitalization last week, adding ₹1,13,117.17 crore in total.

28 Nov 2024

Nifty

Sensex plunges over 900 points: What's behind today's market crash

The Indian stock market witnessed losses today, with the BSE Sensex and NSE Nifty both plummeting over 1%.

15 Nov 2024

NR Narayana Murthy

India 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 Airtel

India'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 Airtel

Market 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

Bengaluru

Minister 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

Business

Infosys 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.

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 Bank

Nine 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 Industries

Market 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

Polestar

Infosys 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

Sensex

Sensex, 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

Bengaluru

Infosys 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

Karnataka

Centre 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

Business

Infosys 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

Business

After 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

Business

Infosys'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

Cognizant

Cognizant 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

GST

Government 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).

Market 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 Airtel

India'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

GST

Infosys 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

GST

Infosys 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 Industries

Mcap 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

Europe

Infosys 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

Karnataka

What 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 Bank

M-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.

Eight 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.

Infosys 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 Murthy

Sudha 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 Bank

M-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

Apple

TCS, 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 Market

Sensex, Nifty close in red after touching record highs

On Monday, the stock market witnessed a slump after hitting record highs.

09 Jun 2024

Bharti Airtel

Market 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

Wipro

Infosys 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 Airtel

M-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

Accenture

Indian 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

Cognizant

Cognizant 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 Airtel

Market 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

Wipro

Wipro, 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 Murthy

Narayana 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

Business

Infosys'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.

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