Infosys to acquire chip designer InSemi for Rs280 crore
13 Jan 2024
IT services major Infosys on Thursday announced a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider for Rs280 crore.
Indian IT giants employ non-compete clauses in junior staff contracts
09 Jan 2024
In a recent development, major Indian IT companies, including TCS, Infosys, Wipro, HCLTech, and Tech Mahindra, have incorporated non-compete clauses into the contracts of junior employees, spanning from 6 to 12 months.
The Indian IT sector witnesses its first hiring slump in 25 years
30 Oct 2023
With the rise in geopolitical tensions and spending cuts by western countries, there has been a decline in hiring at most Indian IT companies.
Infosys founder Narayana Murthy encourages 70-hour workweek for Indian youngsters
27 Oct 2023
Narayana Murthy, founder of Infosys, has stunned everyone by stating that India’s work culture needs to change and that the young workforce needs to work 70 hours a week to make India a global superpower.
Infosys launches free AI training and certification programme
01 Jul 2023
Information technology major Infosys has launched 'Citizens Data Science', a free AI training and certification programme
Infosys Q3 net profit up 13.4% at Rs6,586 cr
16 Jan 2023
For the full fiscal Infosys raised revenue guidance to 16-16.5 per cent against the previously projected 15-16 per cent increase while retaining FY23 operating margin guidance at 21-22 per cent
Infosys Q4 net at Rs5,078 cr; revenue rises 13.1% to Rs26,311 cr
15 Apr 2021
Infosys also announced Rs9,200 crore share buyback, at a maximum price of Rs1,750 per share, a premium of 25 per cent to Tuesday’s closing price
Infosys Q3 net vaults 23.5% to Rs4,457 crore
10 Jan 2020
Infosys also increased its FY 20 revenue guidance to 10.0-10.5 per cent in constant currency, while maintaining operating margin guidance range at 21-23 per cent
Infosys employees group accuses CEO Salil Parekh of financial fudging
21 Oct 2019
In a letter to the board of Infosys, the employees have alleged that they were told not to report costs in recent quarters in a bid to inflate profits, adding that during the current quarter, there is pressure not to recognise $50 million of the costs incurred by the company
Infosys Q2 net down 2.2% at Rs4,019 crore
11 Oct 2019
Infosys 3rd in Forbes’ list of ‘World’s Best Regarded Companies’
24 Sep 2019
Visa and Ferrari topped the list that also had Indian companies like Tata Consultancy Services at 22, Tata Motors at 31, Tata Steel at 105 and L&T at 115
Infosys shares zoom over 7% on strong Q1 earnings
15 Jul 2019
Infosys on Friday reported strong performance in earnings and revenue for the April-June 2019-20 quarter and announced plans to recruit 18,000 people from campuses this fiscal
Infosys opens design and innovation studio in London
12 Jun 2019
The new Experience Design and Innovation Studio in Shoreditch, London expands Infosys’ global network of digital studios that focus on customer-centric experiences to bring together the best design, innovation, AI and emerging technologies
Infosys to allocate 50 million shares to employees
17 May 2019
The allocation of stocks that account for 1.15 per cent of the company’s equity shares will be made over a period of seven years, based on challenging performance criteria, including revenue growth and shareholder returns
Infosys cuts guidance despite 10.5% rise in Q4 net to Rs4,078 cr
15 Apr 2019
Infosys forecasts compressed margins for the year ahead at 21-23 per cent, much lower than its margin of 22.8 per cent in FY19, while TCS saw its margin rising from 25.6 per cent in FY19 to 26-28 per cent in FY20
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation