Page 5 - Infosys

Indian IT firms steadier as reliance on H-1B visas has fallen: Mohandas Pai

Industry veteran and former CFO of Infosys, Mohandas Pai on Thursday said Indian IT firms' dependence on H-1B visas has come down significantly over the years, and that data indicates many leading American tech companies are among the top applicants for these visas. There was no official word from IT industry association Nasscom after US Commerce Secretary Howard Lutnick and Florida Governor Ron DeSantis made scathing remarks on these work visas meant for highly-skilled professionals describing the H-1B visa programme as "scam". Emails to top Indian IT companies including TCS, Infosys and Wipro for comments, too, did not elicit any response. "The current H-1B visa system is a scam that lets foreign workers fill American job opportunities. Hiring American workers should be the priority of all great American businesses. Now is the time to hire American," Lutnick said in a social media post this week. When contacted, Pai asserted that Indian IT companies are less dependent on these ..

Nifty IT rises 5% in 1 week; will Fed rate cut aid further rally in stocks?

Among individual stocks, Infosys, Wipro, Oracle Financial Services Software, and Mphasis shares rose 3 per cent each on Monday

Infosys gives 80% bonus to majority of employees for first quarter

Infosys has rolled out an average 80 per cent performance bonus for Q1, linked to employee ratings across PL4-PL6 levels, following stronger-than-expected quarterly growth

IT shares in focus; Infosys, TCS, Coforge rise up to 3%; Buy, sell, hold?

However, thus far in the calendar year 2025, Nifty IT index has underperformed the market by falling 18 per cent, as against 5.5 per cent rally in Nifty 50.

Infosys fined over ₹66 lakh in Singapore for delay in GST payment

Infosys penalised in Singapore for GST delay; acquires 75% stake in Telstra's Versent Group to advance AI-led cloud and digital offerings in Australia

Infosys shares rise 2% on launching JV with Telstra; stock details here

Infosys shares rose nearly 2 per cent after it announced a joint venture with Telstra, where it will invest around ₹1,300 crore

Infosys sets up JV with Telstra; to acquire 75% stake in Versent Group

Infosys will have operational control, while Telstra will continue to retain a 25 per cent minority stake in Versent Group

Infy, Adani Ent, Cochin Ship among 5 oversold stocks; trading strategy here

Infosys, Adani Enterprises, Cochin Shipyard, IFCI and UCO Bank are technically trading in the oversold zone, as per the RSI indicator; charts hint up to 23% downside risk for these 5 stocks.

India’s IT earnings slump: What’s next for investors as Q1 disappoints? | TCS | Infosys

Despite high hopes, India’s top IT firms delivered weak revenue growth and mixed profits in Q1 FY26.

Statsguru: Has TCS's job cut signal set the tone for the IT industry?

TCS employed the highest number of workers in FY25, at 636,833 employees. Infosys hired the distant second-highest number at 348,596 in FY25, followed by Wipro at 235,415

HCLTech CEO Vijayakumar earns $10.85 mn in FY25; tops TCS, Infosys heads

HCLTech CEO C Vijayakumar earned USD 10.85 million (about Rs 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about Rs 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was Rs 26.52 crore, while Infosys CEO Salil Parekh earned Rs 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about Rs 53.64 crore) and Tech Mahindra CEO Mohit Joshi (Rs 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million a

AI will concentrate wealth; must solve social issues with it: Nilekani

IT services major Infosys' co-founder and non-executive chairman Nandan Nilekani has said that artificial intelligence (AI) is bound to lead to concentration of wealth and power in a few, but pitched for deploying new-age technologies at scale for human betterment. Smart use of AI can solve problems of healthcare and education for a billion people, Nilekani said, stressing that he is an optimist who wants to look at the positive side of technology in tackling real issues. "Obviously, there is going to be a concentration of wealth and power with AI ... we can't fight that. Forces at play are much bigger than any of us. But in our zone of influence, we have to do what we can to create a different paradigm," he said, speaking at an event hosted by the Asia Society here late on Thursday evening. "AI will be very well used in India but in a way that helps people's lives, helps them to learn languages, get better healthcare, get better education," Nilekani, who is credited for creating a

IT stocks brace for more pain post muted Q1 show; analysts share strategy

The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent

LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag

Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July

Analysts stay bullish on Infosys after steady Q1 show; Should you buy in?

Backed by large deals, Infosys raised the lower end of its guidance to 1 per cent from nil growth it had guided a quarter earlier. Analysts reiterated their bullish calls

Sensex drops 500 pts, Nifty below 25,200 as IT stocks drag

Even broader markets failed to trade in the green territory. The Nifty midcap 100 was trading at 58,954.15, down by 0.60 per cent.

Bright spots emerge in corporate earnings as tariff uncertainty lingers

Companies have reported over July 16-22 a combined full-year loss of as much as $7.8 billion, with the automotive, aerospace and pharmaceutical sectors being hurt most by tariffs

Nifty IT index slides 1.5%: Why did IT stocks fall today?

Infosys shares fell despite analysts remaining positive after the company reported in-line first-quarter earnings

IT major Infosys raises growth guidance, buoyed by strong deal pipeline

Backed by $3.8 bn in deal wins, Infosys raised the lower end of its FY25 guidance to 1% as Q1 profit rose 8.7% and revenue grew across financial and manufacturing verticals

ED’s case against Myntra, Indian man assaulted, Infosys Q1 results, India to resume visas to Chinese, & more top #newsinamin

The Enforcement Directorate has filed a case under the Foreign Exchange Management Act against Myntra Designs, its related firms, and directors for alleged FDI violations worth over ₹1,654 crore.