Page 22 - Infosys

Top execs exit at Infosys, Wipro underscores importance of talent creation

To mitigate attrition of senior leaders industry experts say companies must prioritise providing challenging projects that align with aspirations, skill sets of these seasoned professionals

TMS Ep587: Infosys exits, IPL auctions, markets, Mahadev betting app

Why is Infosys losing talent at the top? Will IPL auctions see a generational shift? Will the markets rally continue for the 8th week? What is the Mahadev betting app case? All answers here

M-cap of 9 of top-10 firms jumps Rs 2.26 trn; TCS, Infosys biggest gainers

The combined market valuation of nine of the top-10 most valued firms jumped Rs 2.26 lakh crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers amid an overall bullish trend in equities. Last week, the BSE benchmark jumped 1,658.15 points or 2.37 per cent. The 30-share BSE Sensex zoomed 969.55 points or 1.37 per cent to settle at its record closing high of 71,483.75 on Friday. During the day, it surged 1,091.56 points or 1.54 per cent to 71,605.76, its all-time intra-day high level. The combined market valuation of the nine firms, including Reliance Industries, TCS, ICICI Bank and Infosys, jumped Rs 2,26,391.77 crore, while Bharti Airtel emerged as the only laggard from the top-10 pack. The market valuation of TCS jumped Rs 85,493.74 crore to Rs 14,12,412.13 crore, the most among the top-10 firms. Infosys added Rs 36,793.61 crore, taking its valuation to Rs 6,55,457.54 crore. The market valuation of State Bank of India surged Rs 30,700.

Infosys inaugurates Rs 230 cr development centre at Mihan-SEZ in Nagpur

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

Infy hands out salary revision letters to employees, hikes effective Nov 1

Traditionally, Infosys rolls out its annual salary hikes for employees below the senior management in April, with other people in the organisation receiving their share of hikes in July

The Infosys saga: A leadership factory or a company facing crisis

The company has seen nine senior level exits in 2023 alone

Infosys appoints Jayesh Sanghrajka as CFO as Nilanjan Roy resigns

Sanghrajka comes with over 25 years of work experience and is a chartered accountant by qualification

Stocks to Watch: Sun Pharma, Infosys, Dixon, DLF, Mankind Pharma, SpiceJet

Stocks to watch on December 12, 2023: Sun Pharma has increased its offer price for acquiring remaining shares of Taro Pharma to $43 per share in cash, compared to $38 before

Responsible by design cornerstone of AI-first strategy: Balakrishna D R

'To ensure a fair, transparent, and safe AI system, Infosys has built technical and regulatory guardrails. 'Responsible by design' is one of the cornerstones of our AI-first approach'

Digital public infrastructure fuelling innovation, says Nandan Nilekani

Back in 2009, Nilekani and his team played a key role in building digital identity (Aadhaar) which could be verified anywhere online

Most infra projects already sweat human capital in multiple shifts

Industry executives note most infra projects already work more than single shift, and factors such as city limits, local conditions are deciding factors

After Murthy's comment, govt says no proposal to have 70-hour work week

Infosys founder had said young people should work more for India's progress

IT major Infosys inks pact with Shell for sustainable data centres

IT major Infosys on Thursday said it has partnered with energy company Shell to accelerate the adoption of immersion cooling services for data centres. Infosys and Shell will bring together their capabilities in digital and energy, respectively, along with an ecosystem of partners to create an integrated offering for green data centres, the IT firm said in a statement. "In our joint efforts with Shell, we aim to create a more sustainable future. This collaboration will leverage AI-based digital solutions that will create environmentally responsible data centres that can manage high computing loads with optimised hardware. "It is also critical that future digital and physical solutions are created with a view to make AI more sustainable and scalable," Infosys EVP & Global Head - Sustainability, Services, Utilities, Resources and Energy Ashiss Kumar Dash said. Infosys claims to have turned carbon-neutral in 2020, 30 years ahead of the timeline set by the Paris Agreement.

IT hiring slowdown to continue for 2-3 quarters, global slowdown to blame

Sekhar Garisa, CEO of foundit, said that companies do not need as many designers and content writers as before since technology can help make some of these jobs more efficient

Indian IT industry to be worth $350 bn by 2030: Kris Gopalakrishnan

'High-growth industry' will continue performance despite global slowdown, says co-founder of Infosys

Capitalism based on free market only solution to alleviate poverty: Murthy

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

Sensex ends flat amid lacklustre trade; Hero Moto zooms 5%, Cipla tanks 8%

Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.

SBI, Infosys, Axis Bank, ONGC most sold large-cap stocks by MFs in Oct

Kotak Mahindra Bank, ICICI Bank, Reliance Industries, Tech Mahindra and NTPC were the most bought large-cap stocks in October.

Is Narayana Murthy right?

The founder of Infosys' comment about working 70-hour weeks says productivity should be at the heart of a national debate

Infosys inks partnership with TK Elevator to help build AI-first strategy

As part of the engagement, Infosys said it will "consolidate, harmonise, and modernise TK Elevator's digital landscape"