Infosys shares rose nearly 2 per cent after it announced a joint venture with Telstra, where it will invest around ₹1,300 crore
Infosys will have operational control, while Telstra will continue to retain a 25 per cent minority stake in Versent Group
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.
Despite high hopes, India’s top IT firms delivered weak revenue growth and mixed profits in Q1 FY26.
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 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
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
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
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
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
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.
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
Infosys shares fell despite analysts remaining positive after the company reported in-line first-quarter earnings
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
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.
Q1 FY26 company results: Mahindra Holidays & Resorts, Aditya Birla Real Estate, Tata Consumer Products, and Bajaj Steel will also release their April-June quarter earnings reports today
Venture capital pours into companies like Atomicwork and Nurix AI as autonomous agents promise to reshape enterprise workflows and force legacy players to adapt
Quarter-on-quarter (Q-o-Q), consolidated net profit declined 1.9 per cent from ₹7,033 crore in Q4FY25
Tata Group, Google India and Infosys have emerged as India's top-three most attractive employer brands, according to Randstad Employer Brand Research (REBR) 2025. As per the report, India's workforce is increasingly prioritising purpose-driven employment choices, with work-life balance, equity, and attractive salary & benefits emerging as the top Employee Value Proposition (EVP) drivers. Tata Group scored very high on financial health, career progression opportunities, and reputation the top 3 EVP drivers for the organisation, as per the survey. Google India climbed the rankings this year to emerge as the runner-up, followed by Infosys, which occupied the third spot. The top-10 most attractive employer brands in India for 2025 also include Samsung India at the 4th place, JPMorganChase (5th), IBM (6th), Wipro (7th), Reliance Industries (8th), Dell Technologies Ltd (9th) and State Bank of India (10th). State Bank of India has entered the list of top 10 employer brands as the only .
Infosys will report its earnings for the first quarter ended June on Wednesday, with its profit likely to fall 4 per cent sequentially