Ravi Kumar S, the president of IT services major Infosys has resigned from his post with immediate effect. The communication about his resignation was made by the company in a stock exchange filing on Tuesday evening. “The Board of Directors placed on record their deep sense of appreciation for the […]
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Sensex, Nifty rangebound; Tata Steel, Infosys, RIL fall
The Indian stock market’s key indices, Sensex and Nifty, were trading almost flat in the morning session on Friday. The 30 stock S&P BSE Sensex was trading 46.97 points or 0.08 percent down at 58,719.62 points at 11.33 am against its previous day’s close at 58,766.59 points. Earlier, the Sensex started […]
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Infosys announces new digital development centre in Toronto region to nurture digital-ready workforce
Infosys, a global leader in next-generation digital services and consulting, today announced that it will establish a new digital development centre at its largest Canadian office in Mississauga. This is aimed at creating 500 high-quality jobs in the Toronto region over the next three years. Spanning nearly 50,000 square feet and bringing significant investment […]
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Infosys: Significant growth acceleration in Q1 to 16.9% YoY and 4.8% QoQ
Infosys a global leader in next-generation digital services and consulting, delivered a strong Q1 performance with year on year growth accelerating to 16.9 per cent and sequential growth increasing to 4.8 per cent in constant currency. Large deal flows remained strong with TCV of $2.6 billion in Q1. Operating margin for the quarter […]
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Infosys Pune Toastmasters Club reaches 15 years of shaping lives
Infosys Pune Toastmasters Club marked its 15th anniversary on 02nd June 2021. In honor of the occasion, a special meeting was held today and was attended by over 80 participants. The event is for free and open for all to attend. Since 2006, the club has been dedicated to helping […]
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Indian shares end flat; Infosys gains ahead of results
Indian shares ended mostly unchanged on Wednesday as losses in HDFC and Reliance Industries were offset by gains in tech heavy weight Infosys ahead of its quarterly earnings. Investors also await December-quarter earnings from another tech major Wipro. The Nifty ended down 0.04% to 14,564 and the benchmark Sensex was […]
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Infosys to pay California $8,00,000 over foreign workers’ visas, tax fraud
California has settled with an India-based technology company that it accuses of misclassifying foreign workers and related tax fraud, the state attorney general’s office said Tuesday. Infosys Limited, a business consulting, information technology and outsourcing company, and its subsidiary, Infosys BPM Limited, will pay California $800,000. The company brought in […]
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‘Even God can’t change this company’s numbers’: Nilekani slams allegations, backs Infosys co-founders
Infosys Ltd chairman Nandan Nilekani on Wednesday defended the company’s co-founders and management over the recent whistle-blowers’ allegations, assuring necessary steps will be taken if an investigation substantiates claims of misgovernance. Infosys, he said, was committed to the highest standards of corporate governance and has responded responsibly and complied with […]
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Found no evidence to support wrongdoing charges: Infosys
Infosys Ltd said it hasn’t received any evidence to substantiate allegations, including that of inflating profit, made by anonymous whistle-blowers against top officials, including chief executive officer (CEO) Salil Parekh. “An anonymous letter with certain allegations and no supporting evidence cannot be regarded as being credible or concrete. Therefore, the […]
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Sensex hits record high of 40,345; SBI, Infosys, Tata Motors, Yes Bank rally as top gainers
Market benchmark BSE Sensex surged over 293 points to hit its record intra-day high of 40,344.99 on Thursday led by rally in index heavyweights Infosys, SBI, HDFC Bank and TCS. After opening on a strong note, the 30-share index was trading 263.69 points, or 0.66 per cent, higher at 40,315.56 […]