Infosys: News
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.
14 Apr 2024
Stock MarketMarket valuation of 7 Indian firms skyrocketed by ₹59,404 crore
In a week shortened by the Eid-Ul-Fitr holiday, seven of India's ten most valued firms witnessed a combined market valuation surge of ₹59,404.85 crore.
09 Apr 2024
HDFC BankSensex crosses 75,000 mark for first time
The Indian stock market reached a significant milestone on Tuesday as Sensex surpassed the 75,000 mark for the first time.
31 Mar 2024
Government of IndiaInfosys to get Rs. 6,300 crore tax refund from government
Infosys, a prominent software services provider in India, is set to receive a significant tax refund of Rs, 6,329 crore from the Indian government's income tax department.
28 Mar 2024
HaryanaAshoka University responds after videos show students raising casteist slogans
Ashoka University in Haryana has issued a detailed statement after videos of its students shouting casteist slogans inside the campus flooded social media.
18 Mar 2024
Narayana MurthyNarayana Murthy gifts 4-month-old grandson Infosys shares worth Rs. 240cr
Narayana Murthy, founder of Infosys, has gifted the company's shares worth over Rs. 240 crore to his four-month-old grandson, Ekagrah Rohan Murty.
18 Mar 2024
Stock MarketSensex gains 105 points, Nifty settles above 22,050
On Monday, major indices of the stock market ended flat but in the green.
15 Feb 2024
KarnatakaInfosys, Jubilant, Foxconn under fire for not hiring Karnataka locals
During a recent Karnataka Assembly debate, major companies including Infosys, Foxconn, and Jubilant FoodWorks were criticized.
06 Feb 2024
Tata Consultancy Services (TCS)TCS's m-cap surpasses Rs. 15 lakh crore for first time
Tata Consultancy Services (TCS) achieved a market capitalization of over Rs. 15 lakh crore for the first time, as its stock rose nearly 4% in today's trading session.
29 Jan 2024
Stock MarketSensex gains over 1,240 points, Nifty settles near 21,740 mark
On Monday, the stock market closed on a bullish note. The Sensex gained 1,240.9 points or 1.76%, to settle at 71,941.57 points, while the Nifty climbed 385 points or 1.8%, closing at 21,737.6 points.
29 Jan 2024
PunePune: Infosys techie shot dead in hotel room by boyfriend
A 26-year-old software engineer was allegedly shot dead by her boyfriend in a hotel room on the outskirts of Pune, Maharashtra, on Saturday.
12 Jan 2024
NiftyWhy Nifty IT index has jumped 5% today
The Nifty IT Index skyrocketed 5% on Friday, reaching a 52-week high.
11 Jan 2024
Tata Consultancy Services (TCS)Infosys, TCS's combined headcount drops by over 11,700 in Q3
India's leading IT services firms, Infosys and Tata Consultancy Services (TCS), have witnessed a decrease in their workforce for the quarter ending December 31.
11 Jan 2024
BusinessInfosys's Q3 net profit falls 7% YoY to Rs. 6,106cr
Infosys, India's second-largest IT services company, saw a 7.3% year-on-year (YoY) decline in net profit for the third quarter of FY24, amounting to Rs. 6,106 crore.
05 Jan 2024
Narayan MurthyNarayana Murthy opens up about his 'big regret' regarding wife
Infosys co-founder Narayana Murthy recently expressed regret for not involving his family members, especially wife Sudha Murty, in the company.
26 Dec 2023
Stock MarketSensex gains 230 points, Nifty settles above 21,440 mark
On Tuesday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.32% to 71336.80 points, the Nifty jumped 0.43% to 21,441.30 points.
23 Dec 2023
Artificial Intelligence and Machine LearningInfosys loses $1.5 billion AI contract from global customer
Infosys has revealed that an unnamed global company has chosen to terminate a Memorandum of Understanding (MoU) for a $1.5 billion deal centered on artificial intelligence solutions.
10 Nov 2023
Manish Tewari'I work on Sundays': Manish Tewari advocates 70-hour work week
Congress veteran Manish Tewari, on Friday, endorsed the suggestion made by Infosys co-founder N R Narayana Murthy for young individuals to commit to a 70-hour work week in order to enhance India's productivity.
26 Oct 2023
Narayana MurthyIndian youth should work 70 hours a week: Narayana Murthy
Infosys co-founder Narayana Murthy has said Indian youth should work 70 hours a week if the country wants to compete with rapidly advancing economies, in a recent episode of 3one4 Capital's podcast 'The Record.'
18 Oct 2023
Google CloudInfosys, Google Cloud strengthen partnership to aid firms become AI-ready
Infosys has announced plans to expand its partnership with Google Cloud.
13 Oct 2023
Tata Consultancy Services (TCS)Headcount in India's top IT firms down by over 16,000
During the second quarter of FY24, India's top IT firms, Tata Consultancy Services (TCS), Infosys, and HCLTech, witnessed a significant drop in headcount.
12 Oct 2023
IndiaInfosys headcount declines for third consecutive quarter to 3.29 lakh
IT services giant Infosys, has seen its headcount drop for the third quarter (ending September 30) in a row, with a decrease of 7,530 employees in Q2.
12 Oct 2023
BusinessInfosys Q2 net profit rises over 3% to Rs. 6,212cr
Infosys announced its Q2 financial results on Thursday, showing a 3.17% year-on-year (YoY) increase in net profit to Rs. 6,212 crore, up from Rs. 6,021 crore in the same quarter previous year.
30 Sep 2023
IndiaIndia, Argentina sign 'Social Security Agreement' for workers
India and Argentina inked a "Social Security Agreement (SSA)" on Friday to safeguard the legal rights of professionals employed in each other's nations, The Hindu reported.
26 Sep 2023
MicrosoftInfosys, Microsoft partner to accelerate adoption of generative AI
IT major Infosys is expanding its strategic partnership with Microsoft to create industry-leading generative artificial intelligence (AI)-enabled solutions for enterprises across various sectors.
20 Sep 2023
NVIDIANVIDIA plans to train 50,000 Infosys employees in AI technology
US chip maker NVIDIA has announced a collaboration with Infosys, to establish a center of excellence for training and certifying 50,000 Infosys employees on NVIDIA's AI technologies.
15 Sep 2023
NiftyNifty IT hits fresh 52-week high, up 27% since April
It's been approximately five months since April 17, 2023, when the Nifty IT index touched a 52-week low of 26,184.45. Since then IT stocks have shown an impressive comeback.
24 Aug 2023
Rafael NadalTennis icon Rafael Nadal becomes Infosys's brand ambassador
Indian IT giant Infosys has inked a three-year partnership with tennis icon Rafael Nadal, marking his first-ever collaboration with a digital services firm.
15 Aug 2023
BusinessInfosys secures $1.6bn Liberty Global contract to enhance digital platforms
Indian IT services giant Infosys has secured a $1.6 billion deal with digital communications firm Liberty Global.
14 Aug 2023
Stock MarketSensex and Nifty close with marginal gains amid sell-off pressure
On Monday, the stock market ended on a sluggish note but managed to stay in green. While the Sensex settled at 65,401.92 points, the Nifty closed at 19,434.55 points.
31 Jul 2023
HCLHere's how much Indian IT CEOs earned in FY23
Chief executive officers (CEOs) of Indian IT giants have always been paid handsomely.
21 Jul 2023
Stock MarketSensex loses 887 points, Nifty settles below 19,750 mark
On Friday, the benchmark Sensex and Nifty indices witnessed a slump.
21 Jul 2023
Stock MarketInfosys shares plummet as much as 10%: Here's what happened
The Indian stock market has had multiple record highs in the last few trading sessions. However, things turned out to be much different today.
14 Jul 2023
Stock MarketSensex gains 502 points, Nifty breaches 19,550 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
30 Jun 2023
Stock MarketSensex gains 806 points, Nifty settles near 19,200 mark
On Friday, the stock market ended on a strong, positive note as the benchmark Sensex and Nifty indices witnessed a surge.
20 Jun 2023
Nandan NilekaniInfosys co-founder Nandan Nilekani donates Rs. 315cr to IIT Bombay
Nandan Nilekani, the co-founder of Infosys, has donated Rs. 315 crore to the Indian Institute of Technology (IIT) Bombay, which he joined for a Bachelor's degree in electrical engineering in 1973.
06 Jun 2023
Stock MarketSensex and Nifty end flat: Check today's top gainers
On Tuesday, major indices of the stock market ended flat with the Sensex settling at 62,792.88 points and the Nifty closing at 18,599 points.
31 May 2023
IndiaIndia Inc. brand value is now worth over $100 billion
The past few months have been tumultuous for businesses worldwide. The same was the case for India Inc.
25 May 2023
BengaluruBengaluru: Rains, thunderstorms to continue; doctors issue infection warning
Heavy rains accompanied by thundershowers and gusty winds will likely continue in Bengaluru till May 29, according to the India Meteorological Department (IMD).
24 Apr 2023
Tata Consultancy Services (TCS)Hirings drop in TCS, Infosys, HCL in FY23: Here's why
IT companies around the world have been struggling for the past year. Things haven't been any different in India as well.
17 Apr 2023
FinanceInfosys shares nosedive nearly 15%: Here's why
Infosys, India's second-largest IT firm, recently announced its quarterly results. The company's performance in the fourth quarter of FY23 was underwhelming at best.
