Infosys: News
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
Sensex, Nifty close in red after touching record highs
On Monday, the stock market witnessed a slump after hitting record highs.
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.
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.
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.
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.
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.
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.
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.
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.
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.