Page 16 - Infosys

India's top 5 IT firms continue headcount decline for 7th straight quarter

In the first quarter of FY25 ending June 30, the total number of employees at Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra fell by 2,034 compared to the previous quarter

Mcap of 6 of 10 valued firms jumps Rs 1.85 trn; LIC, Infosys top winners

The combined market valuation of six of the top 10 valued firms jumped Rs 1,85,186.51 crore last week, with Life Insurance Corporation of India (LIC) and Infosys emerging as the biggest gainers. Last week, the BSE benchmark climbed 728.07 points or 0.90 per cent. The valuation of LIC surged Rs 44,907.49 crore to Rs 7,46,602.73 crore. Infosys added Rs 35,665.92 crore to its market valuation at Rs 7,80,062.35 crore. ITC's valuation soared by Rs 35,363.32 crore to Rs 6,28,042.62 crore. The market capitalisation (mcap) of Tata Consultancy Services (TCS) jumped Rs 30,826.1 crore to Rs 15,87,598.71 crore and that of Bharti Airtel climbed Rs 30,282.99 crore to Rs 8,62,211.38 crore. HDFC Bank's valuation rallied Rs 8,140.69 crore to Rs 12,30,842.03 crore. However, the mcap of Reliance Industries tumbled by Rs 62,008.68 crore to Rs 20,41,821.06 crore. The valuation of ICICI Bank declined by Rs 28,511.07 crore to Rs 8,50,020.53 crore. State Bank of India's mcap declined by Rs 23,427.1 cro

Infy, TCS: Should you book profit in IT stocks amid global tech sell-off?

Q1 earnings impact: In the last two weeks, the NASDAQ has plunged 7 per cent, while the IT index has rallied 7 per cent. Trading strategies for Infy, TCS, HCL Tech and LTIMindtree here.

Stock Market Highlights, July 19: Sensex tanks 739 pts, Nifty gives up 24,550 ahead of Budget week

Stock Market Highlights on Friday, July 19, 2024: The selling in the broader market was even steeper with the BSE MidCap and SmallCap indices falling 2.2 per cent each

Infosys stock best IT bet post Q1, say analysts; target price increased

This came after Infosys trumped street estimates in its financial performance for the first quarter of financial year 2024-25 (Q1FY25) while also giving higher growth guidance than expected for FY25

Infosys to hit campuses; total hiring target at 15,000-20,000 for FY25

IT major's Q1FY25 headcount dropped by 1,908 employees

Infosys hits 52-week high ahead of Q1 results; check what street expects

Shares of Infosys, the second biggest domestic information technology (IT) company soared up to 1.90 per cent, hitting their 52-week high at Rs 1,758.60 per share on the BSE

Stocks to watch, July 18: Infosys, RIL, Vi, LTIM, Asian Paints, Paytm

Domestically, foreign institutional investors were net buyers on July 16, acquiring shares worth Rs 1,271.45 crore, whereas domestic institutional investors sold shares worth Rs 529.48 crore.

Q1 Preview: Infosys to lead IT-pack, may see profits rise up to 10% YoY

Infosys is expected to lead the tier 1 Indian IT universe with the strongest growth, led by ramp-ups of multiple mega-deals, and a low base effectively providing one per cent kicker to June 2024

Ola CEO endorses 70-hour work week, top neurologist warns of severe illness

Working for 55 or more hours per week is associated with a 35% higher risk of a stroke, 17% higher risk of dying from ischemic heart disease

How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro

IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.

Sensex, Nifty Outlook July 12: Gap-up open likely post TCS Q1; Asia down

All you need to know before the market opens on Friday: GIFT Nifty hints at likely 100-point opening gain; TCS Q1 beat analyst expectation, Infy ADR jumped 3% in the US; Japan's Nikkei down over 2%.

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

Eton Solutions launches ERP platform for family office wealth mgmt in India

Onboards the Infosys family office - Catamaran as its first customer in India

Infosys, Sector Alarm partner to transform enterprise biz systems on cloud

Indian IT services company Infosys on Tuesday announced a five-year collaboration with Sector Alarm, one of Europe's leading providers in security, to migrate their core enterprise business systems on the cloud. According to a release, Infosys will work closely with Sector Alarm to migrate their disparate, on-premises Enterprise Resource Planning (ERP) platform onto Microsoft Dynamics 365 Finance and Operations (F&O), helping them modernise their financial and business operating models. "Infosys, a global leader in next-generation digital services and consulting, today announced a strategic five-year collaboration with Sector Alarm, one of Europe's leading providers in security, who are partially owned by global investment firm KKR, to transform their core enterprise business systems on the cloud," the release said. Capitalising on Infosys' digital transformation capabilities, the Microsoft platform will enable Sector Alarm to streamline finances, gain business insights, and help .

Mcap of 8 most-valued firms jumps Rs 1.83 trn; TCS, Infosys biggest gainers

Eight of the top-10 most valued firms together added Rs 1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The market valuation of TCS jumped Rs 38,894.44 crore to Rs 14,51,739.53 crore, becoming the biggest gainer among the top-10 firms. Infosys added Rs 33,320.03 crore taking its valuation to Rs 6,83,922.13 crore. The valuation of Reliance Industries climbed Rs 32,611.36 crore to Rs 21,51,562.56 crore and that of ICICI Bank zoomed Rs 23,676.78 crore to Rs 8,67,878.66 crore. The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) rallied Rs 16,950.99 crore to Rs 6,42,524.89 crore and that of Hindustan Unilever surged Rs 16,917.06 crore to Rs 5,98,487.89 crore. The mcap of ITC went up by Rs 10,924.13 crore to Rs 5,41,399.95 crore. State Bank of India's valuation climb

Hemant Lamba submits resignation as Infosys Executive Vice President

Infosys on Friday said Hemant Lamba, Executive Vice President and Global Head of Strategic Sales, has resigned from the company. The Bengaluru-headquartered IT services firm informed about the resignation of the Senior Management Personnel in a statutory filing. "This is to inform that Hemant Lamba, Senior Management Personnel, has resigned from the services of the company," Infosys said in a BSE filing. In his resignation letter marked to Infosys CEO Salil Parekh, Lamba wrote: "I am writing to inform you of my decision to resign from the services of Infosys. I am thankful for the opportunity and experiences I have had over the years".

Infosys Foundation, ICT Academy join hands to skill 48,000 students

Infosys Foundation, the philanthropic and CSR arm of software services firm Infosys Ltd, and ICT Academy of Tamil Nadu, a non-profit organisation, have joined hands with an aim to skill 48,000 students over a period of three years in various fields. The students will be trained in IT, banking, financial services and insurance, retail, e-commerce, logistics, knowledge process outsourcing, and soft skills. Infosys Foundation has committed a grant of over Rs 33 crore towards this project, it said in a statement on Wednesday. It announced that it has signed a Memorandum of Understanding (MoU) with ICT Academy to increase the employability of young learners in rural India. "This collaboration will aim to enable students pursuing engineering, arts, and science courses in tier 2 and tier 3 cities across the country to gain relevant skills that are necessary today for career development," the statement said. Through this MoU, Infosys Foundation said it will further help establish 'Centres

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.