Page 29 - Infosys

Infy co-founder Nandan Nilekani donates $38.5 mn to alma mater IIT Bombay

Nilekani, who shot to prominence after founding the IT services pioneer Infosys, in 1973 joined what's become known as the country's pre-eminent engineering and technology learning institution

Tech employees most satisfied with their jobs, least likely to switch

This may be associated with their compensation and other benefits that the technology sector offers

Stocks to Watch today, June 15: Axis Bank, Infy, TCS, IOC, realty, Zee, REC

Stocks to watch on June 15, 2023: Shares of IT companies are likely to be in focus on Thursday after JP Morgan reiterated its negative stance and downgraded the sector to underweight.

Only 1-1.25% of Indian IT employees are above 50, more than 50% below 30

Only 1.1% of TCS employees are aged above 50 years. On the other hand, 52.69% of the company's employees are below the age of 30

Keytrade Bank selects Infosys Finacle suite for core banking transformation

The bank will subscribe to the Infosys Finacle suite in a software-as-a-service (SaaS) mode on the Microsoft Azure public cloud

Mcap of 6 most-valued firms fall by Rs 83,637.96 cr; TCS biggest laggard

Six of the top 10 most-valued firms suffered a combined erosion of Rs 83,637.96 crore in market valuation last week, with Tata Consultancy Services (TCS), Hindustan Unilever and Infosys taking the biggest hit, amid an overall tepid trend in equities. Last week, the BSE benchmark climbed 78.52 points or 0.12 per cent, while the Nifty gained 29.3 points or 0.15 per cent. The market valuation of TCS tumbled Rs 35,694.04 crore to Rs 11,74,720.15 crore, the most among the top 10 firms. Hindustan Unilever's valuation eroded by Rs 18,949.45 crore to Rs 6,19,281.77 crore and that of Infosys fell by Rs 13,549.34 crore to Rs 5,25,374.14 crore. The market capitalisation (mcap) of State Bank of India went lower by Rs 7,675.16 crore to Rs 5,16,378.05 crore and that of ITC tanked Rs 5,903.31 crore to Rs 5,44,906.44 crore. Bharti Airtel's mcap declined by Rs 1,866.66 crore to Rs 4,64,396.71 crore. However, Reliance Industries added Rs 18,233.31 crore taking its market valuation to Rs 16,79,156.

Google, IT firms try to lure employees with free food, reimbursements

Companies like Infosys, Tech Mahindra, and Persistent Systems are opening offices in smaller cities and are asking their local employees to report to these offices instead of the headquarters

Infosys second-worst performer on NSE Nifty 50 Index in 2023, shows data

Infosys's disappointing sales forecast for the current financial year added to the negative newsflow

Top-deck Indian IT companies need to rightsize bench size: Experts

To address this challenge, IT services companies can prioritise rightsizing their bench strength

Infosys grows footprint in the Nordics with new proximity centre in Norway

New centre is expected to enable Infosys to attract, re-skill, and upskill local talent to work on global opportunities through next-gen technologies like cloud, AI, IoT, 5G, and software engineering

Tata Group is India's most valuable brand, Infosys and LIC follow

With a value growth of 10.3% in 2023 as compared to 2022, Tata Group became the only Indian brand with a valuation of over $25 billion

Salary of Infosys CEO Salil Parekh drops 21% to Rs 56.45 crore in FY23

The annual report of Infosys, for the financial year 2022-23, reveals that the compensation of CEO Salil Parekh amounted to Rs 56.45 crore, compared to Rs 71 crore in the previous year

Uncertainty an overriding theme; flexibility to secure future: Nilekani

Unplanned project ramp-downs and delays in decision-making from clients pulled down the Q4 FY23 performance of Infosys

Combined brand value of Indian companies surpasses $100 bn: Interbrand

TCS tops the list, followed by Reliance Industries and Infosys

Top 4 IT companies see 40% drop in large client additions in FY23

Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients

DoT against giving 5G spectrum to enterprises for private network: Report

The DoT will soon inform the cabinet and the Telecom Regulatory Authority of India (Trai) about its decision to go against private network providers

Billionaire Infosys founder Murthy to double private firm's investments

Catamaran Ventures, based in Bangalore, employs about 15 staff in India overseeing holdings spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp

Microsoft-backed group aims to bridge language gap with AI assistant

The Jugalbandi bot, named after a duet where two musicians riff off each other, uses language models from government-backed AI4Bharat and artificial intelligence tech through Microsoft's Azure OpenAI

Infosys unveils a platform 'Topaz' for generative artificial intelligence

Infosys Topaz is an AI-first offering to accelerate business value for global enterprises using generative AI

TCS-led consortium secures BSNL 4G deployment order worth Rs 15,000 crore

Around 75% of the deal will go to TCS, say sources; consortium is expected to develop 4G core and RAN technology for BSNL's telecom services