Infosys Q2FY25 net profit rises 4.7% YoY Rs 6,606 cr
Oct 18, 2024, at 06:00 am
Mumbai: Infosys, India’s second-largest software exporter, reported a 4.7% year-on-year (YoY) increase in net profit to Rs 6,506 crore for Q2FY25, although this fell short of estimates, media reports said.
LIC appoints Infosys to build its NextGen Digital Platform
Sep 16, 2024, at 10:05 pm
Life Insurance Corporation of India (LIC) has undertaken a digital transformation programme named DIVE (Digital Innovation and Value Enhancement). Under DIVE, LIC aims to significantly boost its digital platform with an aim to provide superior experience to its customers, field force, partners and employees.
Cognizant sues software rival Infosys for allegedly stealing trade secrets
Aug 24, 2024, at 08:27 pm
Texas/IBNS: American IT services giant Cognizant's TriZetto Software Group has filed a case against India's homegrown IT service major Infosys in Texas federal court on Friday (August 23), accusing the latter of stealing trade secrets related to its healthcare insurance software.
Infosys set to earn over $100 million in Coca Cola-Microsoft cloud deal
Aug 21, 2024, at 06:50 am
Bengaluru: Infosys is set to earn over $100 million as a key partner in a $1.1 billion cloud migration deal between Coca-Cola and Microsoft, according to an Economic Times report.
Govt to not go easy on Infosys over Rs 32,000 cr GST demand
Aug 07, 2024, at 06:15 am
New Delhi: The government is not considering any relaxation of the tax demand sent to Infosys last month, Reuters reported, citing a government source.
Aug 02, 2024, at 07:45 pm
Bengaluru/IBNS: Indian multinational information technology company Infosys on Thursday (Aug 1) announced in a regulatory filing to the stock exchanges that the Karnataka state Goods and Services Tax (GST) authority has withdrawn the pre-show-cause notice against the company for alleged tax evasion.
Infosys shares drop 1% after IT major slapped with Rs 32,403 crore GST notice for overseas expenses
Aug 01, 2024, at 06:41 pm
Bengaluru/IBNS: Shares of Indian multinational information technology company Infosys dropped 1 percent to the day's low of Rs 1,845.40 on BSE on Thursday (Aug 1) after the IT major was slapped with a RS 32,403 crore Goods and Services Tax (GST) notice by the Directorate General of GST Intelligence over overseas expenses, reports said.
Infosys workforce declines by 25,994 in FY24
Apr 19, 2024, at 02:57 am
Mumbai: Infosys said there has been a drop in its recruitment activities during the fourth quarter of FY24, according to its financial results declared on Thursday.
Infosys Q4FY24 net profit jumps 30% YoY to Rs 7,969 cr
Apr 19, 2024, at 01:51 am
Mumbai: India's second-largest IT services company Infosys Ltd surpassed market expectations by reporting a net profit of Rs 7,969 crore for the fourth fiscal quarter, up 30% year-on-year against Rs 6,134 crore in the same period last year. .
Apr 14, 2024, at 11:03 pm
Mumbai: Last week, IT giant Tata Consultancy Services (TCS) launched the fourth-quarter earnings season with results that surpassed expectations and impressive operating margins.
Narayana Murthy's job application at Wipro was once turned down by Azim Premji: Report
Jan 14, 2024, at 07:39 pm
Bengaluru: Infosys founder NR Narayana Murthy was rejected when he sought employment at Wipro, he revealed in a recent CNBC-TV18 interview.
Narayan Murthy backs his '70-hour work per week' stance despite flak
Jan 05, 2024, at 06:21 pm
Mumbai/IBNS: Infosys co-founder Narayan Murthy has backed his own statement where he advocated work for 70 hours per week, snubbing the backlash which he received from some quarters.
Infosys loses mega deal with AI firm following CFO's exit
Dec 25, 2023, at 06:51 pm
Mumbai/IBNS: Narayan Murthy's Infosys has lost a mega deal with an undisclosed AI firm days after a sudden resignation by the company CFO Nilanjan Roy, media reports said.
Infosys bags mega $1.5 billion deal for 15 years
Sep 16, 2023, at 05:53 am
Bengaluru: Prominent Indian IT firm Infosys has entered into a 15-year agreement with a 'global corporation', ET reported.
Infosys completes acquisition of Danske Bank’s IT Centre in India
Sep 06, 2023, at 08:14 am
Bengaluru: Indian software multinational Infosys has completed the acquisition of Danske Bank’s IT centre in India, the company said recently.
Infosys decides to defer salary hikes of employees below senior management level: Report
Jul 13, 2023, at 05:40 am
Bengaluru: IT services company Infosys has decided to postpone salary hikes for employees below the senior management level, according to a report in Moneycontrol.
Infosys announces Kiran Mazumdar-Shaw's retirement from board
Mar 24, 2023, at 02:17 am
Mumbai: Infosys on Thursday announced that Kiran Mazumdar-Shaw, an Independent Director, has retired from its Board upon completion of her tenure on March 22, 2023.
Sensex at new high, opens at 61,304.29 pts
Nov 09, 2022, at 07:22 pm
Mumbai/UNI: The BSE Sensex on Wednesday opened at new high at 61,304.29, advancing 119 points on strong global cues.
IBM India MD Sandip Patel cautions workers against moonlighting: Report
Oct 27, 2022, at 04:14 am
IBM has warned its employees against moonlighting without following proper procedures, media reports said.
'Don't support dual employment, we have let go of moonlighters': Infosys CEO Salil Parekh
Oct 15, 2022, at 04:19 am
India's second-largest IT services company Infosys said Thursday that it doesn't allow moonlighting and fired several employees for dual employment over the past 12 months, according to media reports.
Infosys reports consolidated net profit of Rs 6,021 in Q2Fy23, up 11 pc y-o-y
Oct 14, 2022, at 07:23 am
IT major Infosys declared a consolidated net profit of Rs 6,021 crore for the quarter ended September 30, 2022, up 11.1 percent from Rs 5,421 core reported in the same quarter of the previous year.
Infosys drops 3.45 pc to Rs 1451
Jul 26, 2022, at 10:27 pm
Mumbai: Infosys on Tuesday slipped 3.45 pc to Rs 1451, a major loser in 30 scrips of BSE.
Infosys Q1 profit moves up 3.2 pc at Rs 5,360 cr, revenue jumps 23 pc
Jul 25, 2022, at 03:13 am
Mumbai: IT major Infosys on Sunday reported 3.2 per cent year-on-year increase in consolidated net profit at Rs 5,360 crore for the quarter ending June 30, 2022.
Infosys reappoints Salil Parekh as MD & CEO
May 26, 2022, at 09:48 pm
Mumbai: IT services company Infosys has reappointed Salil Parekh as its CEO and Managing Director for a five-year term ending March 2027. Parekh has been the Chief Executive Officer and Managing Director of Infosys since January 2018.
Infosys drops by 1.27 per cent to Rs 1,621.45
Apr 18, 2022, at 10:32 pm
Mumbai: Infosys on Monday slipped 1.27 per cent to Rs 1,621.45, a major loser in the 30 scrips of the Bombay Stock Exchange (BSE).
Ukraine crisis: Infosys to move business out of Russia
Apr 14, 2022, at 04:00 am
Bengaluru/IBNS: Infosys Ltd on Wednesday informed that the company is moving its business out of Russia and is looking for alternate options against the backdrop of the ongoing Ukraine conflict.
Infosys moves up 3.76 pc to Rs 1,890.80
Mar 14, 2022, at 11:22 pm
Mumbai: Infosys on Monday surged 3.76 per cent to Rs 1,890.80, a major gainer in the 30 scrips of the Bombay Stock Exchange (BSE).
Infosys reports 7.2 pc q-o-q growth in net profit
Jan 13, 2022, at 01:24 am
India's second largest Information Technology company Infosys Wednesday reported a 7.2 percent quarter-on-quarter growth in its consolidated net profit for the quarter ended December to Rs 5,809 crore.
Infosys Science Foundation awards Infosys Prize 2021 to winners in six categories
Dec 03, 2021, at 05:04 am
Mumbai/IBNS: The Infosys Science Foundation (ISF) on Thursday awarded the winners of the Infosys Prize 2021 for their outstanding contributions to science and research in six fields - Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences and Social Sciences.
'Not right' : Nirmala Sitharaman on article accusing Infosys of 'conspiracy'
Sep 14, 2021, at 10:42 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has said the article in RSS-linked weekly magazine "Panchajanya" alleging anti-national conspiracy behind the glitches in the tax-filing website operated by Infosys was "not right", according to media reports.