The company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE.
As part of the strategic collaboration, Infosys will also acquire Danske Bank’s IT centre in India which employs 1400 digitally skilled professionals.
Infosys introduces diverse AI courses on Springboard, enabling learners to master deep learning, NLP, generative AI, Python programming, and data science essentials, fostering collaboration and global impact.
Infosys will help retailers implement and use Store Assist, which enables them to provide seamless omnichannel experiences such as pickup, delivery and ship from store for both employees and customers.
The shares of Infosys plunged after its guidance painted a negative outlook for India's technology sector. So, how is it related to Akshata Murty? Let's decode this.
Infosys board has appointed D Sundaram as the lead independent director of the company, effective March 23, 2023 based on the recommendation of the Nomination and Remuneration Committee, according to a statement.
NR Narayana Murthy, the founder of Infosys, warned against moonlighting and encouraged young employees to prioritize working from the office while speaking at the Asia Economic Dialogue in Delhi.
Infosys fired 600 newly-employed freshers after they failed an internal assessment. This occurs at a time when hundreds of new hires at Infosys are awaiting their joining dates despite receiving offer letters months earlier.
Infosys has reported Q3 results and the company has exceeded expectations, with a net profit rise of over 13%. The stock market responded positively to the announcement of Infosys' Q3 results, with the company's stock price rising by over 3% in early trading.
Akshata did her schooling in Bengaluru before moving to Claremont McKenna College in California.
The net profit of India's second-largest IT services company stood at Rs 5,421 crore in the same period a year ago.
In his role as president, Ravi Kumar S led the Infosys Global Services Organisation across all industry segments.
During his interaction with young entrepreneurs and students at the Indian Institute of Management - Ahmedabad (IIMA), Murthy expressed confidence that young minds can make India a worthy competitor of China, the world's second-largest economy.
Reliance Industries continued to remain the most valued firm in the ranking of top 10 firms by market capitalisation.
The company's annual report, which was released on Thursday, mentioned Parekh took home a salary of Rs 71.02 crore in the fiscal year ended March 31, 2022. This included Rs 52.33 crore from exercising RSUs (Restricted Stock Units) granted to him earlier.
A rise in inflation, as well as a fresh spike in global crude oil prices, seemed to have dented investors' sentiment.
The development comes close on the heels of criticism directed at UK’s Finance Minister Rishi Sunak over his wife Akshata Murty’s shareholding in the Infosys.
With reference to stringent sanctions being imposed on Russia, the Indian-origin finance minister who is the son-in-law of Infosys co-founder Narayana Murthy was asked on air if his advice to businesses was not being followed within his own home. The minister stressed that the operations of individual companies was a matter for them.
On the Sensex chart, Maruti, Infosys, Tech Mahindra, ITC, Reliance, L&T, UltraTech Cement and HDFC were the major losers, dropping as much as 2.62 per cent.
As per this MoU, Infosys will also join hands with the DTCE to train the faculty on a regular basis, and to begin with training of 200 teachers will be conducted at the Mysuru Infosys campus soon.
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