India’s second largest IT services exporter Infosys reported 9% year-on-year (YoY) growth in its consolidated net profit at Rs 6,921 crore for the first quarter ended June. Revenue from operations rose 8% YoY to Rs 42,279 crore. The Bengaluru-based company has upped its lower end of revenue growth guidance, which is pegged at 1-3% in…
India’s second-largest IT services company Infosys has begun sending personalized warning emails to employees who exceed standard working hours, directly contradicting founder N.R. Narayana Murthy‘s recent advocacy for a 70-hour workweek. The Bengaluru-based firm has implemented an automated monitoring system that triggers alerts when employees work beyond 9 hours and 15 minutes daily.“We must work…
India’s second-largest IT firm, Infosys Ltd, received a goods and services tax (GST) demand closure notice on Friday, 6 June 2025. The notice relieved the company from a ₹32,403 crore tax order from the Director General of GST Intelligence (DGGI). “The company has today received a communication from the Director General of GST Intelligence (DGGI)…
Dividend Stocks 2025: Bajaj Finance m Page Industries to Infosys: Here are 8 dividend stocks to trade ex-dividend soon with respect to their dividends. Others dividend stocks nearing their ex-date include LTIMindtree, GM Breweries, Sula Vineyards, Archean Chemical Industries and Havells India. Check dividend details, record dates and payout details here Dividend details Bajaj Finance–…
Zoho Corporation‘s Chief Scientist, Sridhar Vembu, has issued a sobering assessment of the current state of the Indian IT industry. Known for his candid views on social media, Vembu recently reacted to the disappointing quarterly results of major IT firms like TCS, Infosys, and Wipro, arguing that the downturn is neither just cyclical nor driven…
Donald Trump’s pause on tariffs for over 70 nations including India cheered domestic markets which ended with strong gains on Friday. Indian frontline indices narrowed their weekly losses to end with declines of 0.3%. When markets resume trading on Tuesday, a host of important domestic and global events lined-up during the week are likely to…
In a town hall from the company’s newly refurbished Kolkata office on Thursday, Cognizant chief executive S. Ravi Kumar promised salary hikes from 1 August even as bonuses to eligible employees will be rolled out in March. “Cognizant will award bonuses in March. Associates will receive eLetters with bonus details the week of 10 March,”…
Infosys co-founder and chairman Nandan Nilekani emphasized that artificial intelligence will never fully replace core human capabilities such as empathy, leadership, collaboration, and creativity. Speaking at an AIMA event, Nilekani argued that these qualities will become increasingly valuable as AI continues to advance.“You can have all the AIs in the world, but if you can’t…
Last Updated:January 28, 2025, 11:46 IST The complainant alleged that in 2014 he was falsely implicated in a honey trap case and subsequently dismissed from service. Infosys co-founder Kris Gopalakrishnan is seen. A case was registered against Infosys co-founder Senapathy Kris Gopalakrishnan, former IISc Director Balaram and 16 others under the Prevention of SC/ST Atrocities…
Last Updated:January 06, 2025, 16:54 IST According to Infosys Chief Financial Officer Jayesh Sanghrajka, some increments will take effect in January, while the remainder will be rolled out in April 2025. Infosys manages a slight improvement in its margins by 10 basis points, supported by lower onsite costs, better resource utilisation, and enhanced operational efficiency….
