Stringent changes to the training test have led to a sharp rise in failure rates at Infosys. Out of 930 trainees who joined on October 7, only 160 passed on their first attempt
Affected employees, who were being trained at the company's Mysore campus, told Business Standard that the entire layoff process was being handled harshly
Labour rights group NITES announced plans to file a formal complaint with the Ministry of Labour and Employment against Infosys
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
As part of the collaboration, Siemens' My Learning World, a digital learning platform accessible anytime, anywhere, will leverage Infosys Topaz
The case was filed at Bengaluru's Sadashiva Nagar Police Station following directives from the 71st City Civil and Sessions Court
Technical charts show that the large-cap IT stocks can fall up to 14% from present levels, while the Nifty IT index can shed another 6%.
A case was registered against Infosys co-founder Senapathy Kris Gopalakrishnan, former IISc Director Balaram and 16 others under the Prevention of SC/ST Atrocities Act on Monday. The case was registered at the Sadashiva Nagar police station based on the directions of the 71st city civil and session court (CCH). The complainant, Durgappa, who belongs to the tribal Bovi community, was a faculty member at the Centre for Sustainable Technology at the Indian Institute of Science (IISc). He claimed that in 2014, he was falsely implicated in a honey trap case and subsequently dismissed from service. He further alleged that he was subjected to casteist abuse and threats. The other individuals accused in this case include Govindan Rangarajan, Sridhar Warrier, Sandya Vishwswaraih, Hari K V S, Dasappa, Balaram P, Hemalata Mhishi, Chattopadyaya K, Pradeep D Sawkar, and Manoharan. There was no immediate reaction from the IISc faculty or from Kris Gopalakrishnan, who also serves as a member of
Infosys, which already employs over 35,000 people at its Pocharam campus, aims to complete the first phase of the expansion within 2-3 years
Indian IT players are expected to benefit significantly from renewed demand, further strengthening India's position as a critical player in the industry
India's No.2 software services exporter is one of several IT companies that use 'pyramid' model - where a company employs highest number of staff at entry level, and fewer at each subsequent levels
These are issues one can introspect on, come to a conclusion, and do whatever they want, said Infosys co-founder Narayana Murthy about work-life balance
Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here
The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent. From the top 10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers. The valuation of Infosys tanked by Rs 62,948.4 crore to Rs 7,53,678.38 crore, the most among the top 10 firms. Infosys shares tanked nearly 6 per cent on Friday amid profit-taking after the announcement of the third quarter earnings. The market capitalisation (mcap) of TCS tumbled by Rs 50,598.95 crore to Rs 14,92,714.37 crore. Hindustan Unilever's valuation droppe
TCS and Infosys have also announced plans to hire more freshers in the next financial year
While underlying growth continued to be weak in the quarter for most of the top players, what is giving confidence is the commentary that discretionary expenditure is coming back
Despite Infosys posting better than expected results for the third quarter of the financial year 2024-25 (Q3FY25), its stock price heavy profit booking, dropping 5.89 per cent
Market LIVE: Markets in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results
From Donald Trump's inauguration on Monday to FII selling here are a few reasons that Indian equities are down today
According to Motilal Oswal Financial Services, Infosys and LTIMindtree, both companies with a high discretionary tilt, have provided a more cautious view on discretionary-spend recovery