Page 37 - Infosys

Moody's affirms Baa1 rating for TCS, Infosys, sees growth slowing in FY24

IT services companies expected to maintain businesses growth and market position

Cost cutting measures around the world help Top Indian IT firms gain ground

IT firms across the globe have taken steps to optimise costs in the current uncertain economic environment

Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan

Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption

Going slow: Infosys, Wipro keep Class of 2023 waiting for campus hiring

Industry players said IT hiring was not as strong as it was in 2022

Automation, skilling can bring in $282-bn profit globally: Infosys study

Shifting to a flexible, diverse, and digital work model may bring 7.7% higher profit growth and 6.7% higher revenue growth

2,500 IT freshers to be given pink slips for failing screening test: Report

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

Infosys to partner with GE Digital for grid transformation solutions

Work will help operators realise a more reliable and sustainable grid, say companies

IT firms tighten employee scrutiny amid high costs, thin margins: Report

The senior employees who have been hired at a premium over the past two years will also face a greater degree of scrutiny

Infosys fires 600 freshers after they fail internal assessment: Report

This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago

Coffee with BS: Meet Sudha Murty, the technocrat-turned-children's writer

Murty, who was awarded the Padma Bhushan last week, tells Chintan Girish Modi why she thinks kids connect with her as a grandmother

TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks

Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove.

Infosys admits appeal against UK tax assessment, says report

There is no suggestion of wrongdoing by Infosys, the newspaper highlights

IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week

Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50

Infosys CEO Salil Parekh signals M&A ramp-up as economic outlook brightens

We are very much looking at what we can do to acquire much more actively. Valuations are in a range that make more sense," Parekh told Bloomberg News in an interview at the WEF in Davos

Amazon back as world's most valued brand, Apple down to No 2: Brand Finance

Tech brands lose value; Tata Group and Infosys climb the charts

Accenture most valued IT brand, TCS & Infosys value up 2%: Report

Accenture retains top slot for the fifth year straight; Cognizant and Wipro fall in rankings

Infosys inks MoU with JNTU-K to accelerate digital, life skills development

As part of the engagement with Infosys, JNTU-K will offer e-content on their website including self-learning material, assignments and projects, powered by Infosys Springboard

Positive signals

IT companies have done better than expected

Mcap of 7 of top 10 most-valued firms jumps Rs 1 trn; TCS, Infosys sparkle

The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,07,224.82 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers. Last week, the 30-share BSE Sensex climbed 360.81 points or 0.60 per cent. While TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC and Life Insurance Corporation of India (LIC) were the gainers, Reliance Industries Limited, State Bank of India and Bharti Airtel faced erosion from their market valuation. The valuation of TCS rallied Rs 59,349.81 crore to Rs 12,34,637.11 crore, the most among the top-10 firms. The market capitalisation (mcap) of Infosys jumped Rs 22,997.16 crore to Rs 6,32,684.95 crore. Infosys had on Thursday reported a better-than-expected 13.4 per cent rise in profit for the December quarter and raised its annual sales forecast on a strong deal pipeline even as it warned of "constraints" in certain verticals amid slowing global economy. Meanwhile, Hind

Indices rebound after 3-day decline on easing inflation; Sensex up 303 pts

The 30-share BSE Sensex rose by 303.15 points or 0.51 per cent to settle at 60,261.18. During the day, it jumped 460.23 points or 0.76 per cent to 60,418.26