Page 2 - Infosys Ltd

Amid muted earnings, Infosys to hand out 80% variable pay for Q2FY24

The IT sector has faced challenges as the Western markets have struggled with the possibility of a recession. Most clients for Indian IT companies are from the USA and Europe

All employees in Israel safe, informs Infosys CEO amid escalating tensions

Indian IT services company Infosys on Thursday said all its employees in Israel are safe. Amid escalating tensions in the Middle East, Infosys CEO and MD Salil Parekh said its employees in Israel are primarily locals but declined to comment on the exact staff strength there. The company further said it is "saddened" by the situation unfolding in the region. "We have business in Israel in that part of the region and...with what is going on there...we are saddened by it. All of our employees are safe in that business," the Infosys top honcho said during the Q2 earnings briefing. On Wednesday, the country's largest IT services company TCS said it has 250 staffers in Israel and stressed that the ongoing conflict will not have any major impact on its business. TCS has said it is in constant touch with all staffers, and at present, the focus is their safety and to look at how they help the communities they live in. It has initiated business continuity plans wherever necessary to ensure

Infosys signs deal with Europe's Stark Group for its digital transformation

Infosys will adopt an 'AI first' approach powered by Infosys Topaz, to empower Stark Group with AI-driven operational efficiencies and service quality

Cooperating with Oz parliamentary panel on contract probe: Infosys

Follows allegations that former MP helped Synergy 360 and its client, Infosys, win government contracts

Nandan Nilekani donates Rs 315 cr to IIT Bombay, total support at Rs 400 cr

Nilekani joined IIT Bombay in 1973 to pursue a degree in electrical engineering; latest donation marks golden jubilee of his association with the institute

Reliance Strategic Investments appoints K V Kamath as Independent Director

Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020

IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns

In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.

Infosys sees no major impact of Covid pandemic on client deliverables

IT major Infosys on Tuesday said it has seen no major impact on client deliverables due to the ongoing pandemic

Accept it or not, privatisation is on

The writing on the wall says privatisation of banking is inevitable; how it is done is a matter of academic interest

Infosys wins UN Global Climate Action Award in 'Climate Neutral Now' group

Infosys has been projected as a top employer in Australia, Japan and Singapore across the Asia-Pacific region in 2020, by the Top Employer Institute in recognition of its excellence in hiring

Whistleblower crisis: Infosys may need some private time to fix itself

It might not be a bad idea for a buyout fund to step in and take Infosys out of the glare of the public markets

Reports of job cuts overstated, will hire 20,000 this yr: Infosys

"Layoffs are performance-based things that we do every year. Number is really 300-400," says COO

Sikka's plan to hire 10,000 Americans will cost Infosys $1 billion in wages

For 2016-17, Infosys' consolidated employee expenses stood at Rs 37,659 crore

Infosys to hire 10,000 Americans over two years

Infosys will also open four new Technology and Innovation Hubs across the United States

Infosys, TCS cheat in H-1B lots to corner lion's share of visas, alleges US

He said workers are often brought in well below market rates to replace American workers

Infosys to pay Rs 13,000 crore to shareholders via dividend or sharebuyback

The company guided for a revenue growth of 6.5-8.5 per cent in constant currency terms.

Infosys Q4 profit down 2.8% to Rs 3603 crore, stock dips over 1%

Infosys reported an operating margin of 24.6 per cent during the fourth quarter.

Stagnation in Indian IT: Spate of buybacks a signal of apprehension

Prospects in the US are questionable due to the possibility of a tightening H1B visa regime

Infosys: Buyback possible every two years, say analysts

The company has drawn flak from some key shareholders for not using the excess cash in its books

Infosys cuts revenue growth target for a third time

Q3 profit up 7% to Rs 3,708 cr on improved productivity