Page 31 - Infosys

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

Infosys rolls out a 60% average variable payout; Wipro's at 80.2%

IT company Infosys has decided to roll out a 60 per cent average variable payout for its employees for Q4 FY23, while for Wipro the payout stands at 80.2 per cent, according to sources. In an internal communication to employees, Infosys said that the Performance Bonus recommendation for Q4 FY2022-23 has been completed, and the payout is scheduled to take place in May 2023 payroll. Infosys' average payout stood at 60 per cent for Q4 FY23, according to a source. For Wipro, the variable payout for the fourth quarter of FY23 is at 80.2 per cent, a person familiar with the development said. An e-mail sent to Infosys went unanswered, and Wipro declined to comment. It is pertinent to mention that the Q4 scorecard and outlook given by several IT companies missed street estimates amid global uncertainties, and market watchers expect the next few quarters to be choppy given the prevailing customer sentiments across BFSI, technology services and certain other verticals, particularly in the U

Sign of the times: Infosys cuts employees' variable pay for Q4 FY23 to 60%

In a sign of approaching headwinds, IT firm Infosys has cut the average variable payout at an organisational level to 60 per cent for the fourth quarter of the financial year 2022-23 (FY23), according

Has the correlation between the Nifty IT index and the NASDAQ ended?

The gain in NASDAQ thus far in CY23 was largely fueled by Google, Apple, Amazon, Netflix and Meta Platforms - also known as the FAANG stocks.

Infosys, bp deepen relationship to transform digital application landscape

The companies will continue to explore more avenues for bp to advance sustainability, DE&I and other social impact initiatives

IT major Infosys rewards employees with equity shares under 2 schemes

Under the 2015 Stock Incentive Compensation Plan, 104,335 equity shares were allotted and 407,527 shares were allotted under the Infosys Expanded Stock Ownership Program 2019

TCS to develop its own ChatGPT with focus on enterprise code generation

TCS is expected to release some of these solutions by the last quarter of this financial year