Page 22 - Infosys

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.

AI to usher in era of technological prowess: Tech Mahindra Chairman

IT firm to follow 'three-pronged' strategy for revenue and profitability predictability, says Mohit Joshi

Infosys BPM opens 2nd office in Puerto Rico's Aguadilla, to create 325 jobs

Centre will serve more clients in aerospace, healthcare, insurance, financial services

Infosys BPM opens 2nd office in Puerto Rico's Aguadilla, to create 325 jobs

Centre will serve more clients in aerospace, healthcare, insurance, financial services

Tata Group retains top spot as India's most valuable brand at $28.6 billion

India's most valuable brands 2024: Tata Group nears $30 billion mark, Taj remains India's strongest brand, while HDFC's merger boosts brand to third position

Infosys, CEO Parekh settle insider trading matter with Sebi; pay Rs 25 lakh

Matter pertains to 2020-21 when IT major entered into a partnership with global asset manager Vanguard

Wipro's female workforce sees significant drop, declines by 8,126 in FY24

At Wipro, reports of sexual harassment complaints more than doubled in FY24, totalling 182 cases compared to 70 in FY23

Future beyond software: How can India bring next wave of lucrative jobs?

Policymakers in New Delhi have their sight on China's factory-to-the-world crown. They are spending $24 billion over five years on production-linked incentives

How to trade IT stocks amid Nasdaq fall, rupee levels, Accenture results?

Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.

Infosys launches Aster for AI-powered marketing for business growth

It drives AI-led transformation of marketing with integrated, real-time view across customers, brands and channels, enabling companies to increase ROI from marketing

Infosys ranked 74th most valuable global brand in Kantar BrandZ report

Infosys has secured a spot among the 100 most valuable brands in the world, according to Kantar, the Bengluru-headquartered IT services company said on Wednesday. In its annual 'BrandZ Most Valuable Global Brands' report, Infosys is ranked as the 74 most valuable brand in the world and ranked as the 20 most valuable global B2B (business to business) technology brand, according to a release. The Kantar BrandZ recognition is a validation of the client trust that Infosys has earned, and the relevance of its capabilities, especially in domains like enterprise AI where technologies like generative AI and cloud continue to evolve, the release added. **** CredAble raises Rs 3 crore from SIDBI * Fintech firm CredAble on Wednesday said it has raised Rs 3 crore in debt funding from SIDBI to scale up its operations and extend affordable financing solutions to MSMEs and women-led businesses in India. The funding from SIDBI will further accelerate the development of new market-leading financ

Awaiting regulatory clarity: GIFT City-bound family offices on hold

Family offices, including those of Azim Premji and NRN Murthy, have filed application for registration in Gift city

Buy ideas for June 11: Apollo Hospitals, Infy, Divi's Labs; key levels here

On the daily chart, Apollo Hospitals has formed a double bottom pattern at the 200-day Exponential Moving Average (DEMA), which is considered a strong support level

Buy & Sell: Top picks by Sharekhan for June 11; check key levels here

Jubilant FoodWorks stock is likely to test the previous swing high of Rs 543, and can extend towards Rs 549 from a short-term perspective. A stop loss of Rs 507 should be kept for the long positions

Here's why India should look back 300 years to learn a lesson in AI

This is just the beginning. As generative AI morphs into artificial general intelligence - machines rivaling human cognitive abilities - even highly complex tasks may not require expert programmers

At Rs 66.25 crore, Infosys' Salil Parekh is second-highest paid IT CEO

Delaporte's successor Srinivas Pallia will receive remuneration of about Rs 50 crore in FY25. TCS CEO and managing director K Krithivasan drew Rs 25.36 cr in annual compensation during FY24