Infosys, India's second largest IT services provider, launched its AI-first GCC model last month which accelerates the set up and transformation of GCCs into AI-powered hubs for innovation and growth
IT services giant Infosys' largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing. The company aims to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share. "The eligible shareholders can tender their equity shares during the tendering period, i.e. from November 20, 2025, to November 26, 2025. "The Buyback is being undertaken by the company after taking into account the strategic and operational cash needs of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its capital allocation policy," Infosys said. The buyback is divided into two categories: reserved (small shareholders) and the general category. The reservation for small shareholders will be 15 per cent of the numb
Under the 15-year agreement, Infosys will develop the Future NHS Workforce Solution, a data-driven workforce management platform, which will replace the existing Electronic Staff Record system
Infosys Chairman Nandan Nilekani says India will be the hub for applying AI and frugal engineering, citing Aadhaar, UPI and small language models as key to mass-scale adoption
IT company says recruits failed to meet qualifying criteria and were given three chances
India's second largest IT company Infosys' board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh. These stock incentives are under various heads including ESG and equity, and add up to over Rs 51 crore. In a recent filing, the company said the board, based on the recommendations of the Nomination and Remuneration Committee, approved the said annual grants to Parekh, as per his employment agreement approved by shareholders. Among them is "grant of annual performance-based stock incentives (Annual Performance Equity Grant) in the form of Restricted Stock Units (RSUs) covering company's equity shares having a market value of Rs 34.75 crore as on the date of the grant under the 2015 Stock Incentive Compensation Plan (2015 plan)". This, Infosys said, would vest 12 months from the date of grant subject to achievement of performance targets as determined by the board. The nod also includes grant of annual
IT services company Infosys on Wednesday announced the launch of Formula E Stats Center, built in partnership with the ABB FIA Formula E World Championship, to accelerate fan engagement to a higher gear. The Stats Center is powered by 'Infosys Topaz' (AI-first offering using generative Artificial Intelligence technologies) and aims to deliver advanced, data-driven insights and immersive experiences. ABB FIA Formula E World Championship is the world's first all-electric FIA World Championship. "This initiative marks a significant step forward in Infosys' three-year partnership with Formula E. The Stats Center will provide fans with interactive access to stellar performances of drivers and teams, their key milestones, and compelling narratives through its Key Stats and Insights platform," according to a release. It engages users by showcasing stats of drivers and teams across current and past seasons, using a trending bubble chat format that prompts engaging curated questions. This .
The company, in February, said the third attempt of the Generic FA2 assessment was being rescheduled to allow the employees more time to prepare
Infosys co-founder says Karnataka High Court has stayed proceedings against him in case involving his work as chairman of Indian Institute of Science's council
The IT major's net profit soared 2.2 per cent quarter-on-quarter (Q-o-Q) to Rs 6,506 crore in the September quarter of FY25, from Rs 6,368 crore in the June quarter of FY25 (Q1FY25).
IT major Infosys has collaborated with Swedish electric performance car brand Polestar to create a base for the latter's development of in-car infotainment, software and electrical/electronics engineering, user experience, and cloud-powered digital services. As part of this partnership, Infosys will establish a global technology hub for Polestar at its development centre in Bengaluru, a regulatory filing said. "This hub aims to deliver electric vehicle (EV) software development and validation across many domains, including infotainment, advanced driver assistance systems (ADAS), and telematics," it said. It will support Polestar's product management, customer engagement, corporate solutions, and accelerate direct-to consumer digital services through cloud-native development, testing, and data engineering, it added. Infosys said it will leverage engineering R&D services provider in-tech, its latest acquisition, to complement the engagement. "Polestar is starting a new chapter in ..
Indian IT services company Infosys on Thursday announced it is extending strategic collaboration with Posti to enable the delivery and logistics services provider in Finland, Sweden and the Baltics to enhance customer experience and operational efficiency. Infosys will adopt an AI-driven approach powered by Topaz, its AI-first offering using generative AI technologies, to empower Posti with operational efficiencies and service quality. Infosys Cobalt will leverage its Live Enterprise Application Management Platform (LEAP), a cloud-enabled platform, to provide NextGen Application Management Services for enterprises to drive their cloud journey, and enhance business productivity. "Infosys today announced it is extending its strategic collaboration with Posti, the leading delivery and logistics services provider in Finland, Sweden and the Baltics," the release said. Over the last five years through the collaboration, Infosys has helped Posti improve the resilience of IT systems, reduc
IT major Cognizant's subsidiary TriZetto has slapped a lawsuit on Infosys in a US federal court, accusing the Bengaluru-headquartered company of stealing trade secrets and information related to healthcare insurance software. Infosys, in a statement, denied all allegations. The company asserted it is aware of the lawsuit and will defend its position in the court. Cognizant in a lawsuit filed in Texas federal court has accused Infosys of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product. Cognizant offerings include TriZetto's Facets and QNXT, which healthcare insurance firms use to automate tasks. Teaneck, New Jersey-based Cognizant has the bulk of its employees in India. Cognizant has reportedly alleged that Infosys misused TriZetto's software to create "Test Cases for Facets," which repackaged its data into an Infosys product. Further, it has reportedly alleged that Infosys created software to extr
The tax demand relates to services availed by the IT services conglomerate from its overseas branches for five years starting 2017
Sees 7.1% rise in Q1 earnings, 100 bps improvement in margin to 21.1%
Centrum Research believes that the company has sufficient operating levers that will help it report a higher margin in FY25 vs FY24
The announcement of her nomination to the Rajya Sabha was a double surprise as it came on Women's Day, philanthropist and author Sudha Murty said on Friday. The former Chairperson of Infosys Foundation, the philanthropy and Corporate Social Responsibility (CSR) arm of Infosys, said that she has never sought the position and had "absolutely no idea" why the government chose to nominate her. "It came on Women's Day and that's a double surprise. I am very happy. I am grateful to our Prime Minister," Murty, who is currently on a visit to Thailand, told PTI over phone. On her role as a member of the Upper House, the wife of Infosys co-founder N R Narayana Murthy said, "I have to see what are the things...what I can do. This is a new area to me. So, I have to first sit and study and then I will be able to do it." She said she was pleasantly surprised by the announcement.
The company did not give the reason for the cancellation of the deal
IT services company Infosys on Saturday said it has inaugurated a new development centre at the Mihan-SEZ in Nagpur, Maharashtra. Infosys has invested over Rs 230 crore in the development of this facility, which is spread across 2,65,000 sq ft. The centre will provide greater flexibility for employees to work in a hybrid mode and enable re-skilling and up-skilling of local talent. "Infosys inaugurates a new development centre in Nagpur. With over Rs 230 crore investment, the 2,65,000 sq ft unique state-of-the-art building is an integration of art and science," according to a release. The new centre will also give employees the opportunity to work on next-gen technologies like cloud, AI, and digital across multiple industries, such as telecommunications, banking, retail, aerospace, automobile, logistics, and manufacturing, among others. It will accommodate over 3,000 employees in line with Infosys' future-ready hybrid workplace strategy, the release said. The development centre was
Spending shaped by concerns around ethics and bias, says research arm of Indian IT company