Infosys has brought back over 200 of its employees and their family members, who were stranded in the US due to the coronavirus pandemic and the lockdown.
There are concerns in the industry around budget cuts by clients and layoffs, as enterprises grapple with reduced earnings amid lockdowns across various parts of the globe.
Shares of IT major Infosys on Tuesday declined over 3 per cent after the company refrained from providing a revenue outlook for FY21, citing uncertainty amid COVID-19 outbreak that is expected to impact its business in the near-term.
Infosys Ltd on Monday made a big announcement regarding new job hirings, promotions and appraisals for the future. The Bengaluru-based MNC made it clear that all new job recruitment and or appraisals were on freeze but the company would honour those candidates whom they have already rolled out the offer letter.
The country's second-largest IT services player Infosys on Monday reported a 6.3 per cent rise in consolidated net profit to Rs 4,335 crore for March 2020 quarter, and said it is unable to provide revenue outlook for FY21 due to business uncertainty amid COVID-19 outbreak.
Seven of the top 10 most-valued Indian companies together added Rs 1,23,039.72 crore in market valuation last week, led by Infosys and Reliance Industries Limited (RIL). While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, HDFC, Infosys and Kotak Mahindra Bank witnessed addition in their market capitalisation for the week ended on Friday,
Coronavirus Outbreak: An Infosys employee - Mohammad had posted on Facebook, "Let's join hands, go out and sneeze with open mouth in public. Spread the virus." He was arrested on Friday night.
A lockdown in many countries the world over has forced 1.7 lakh Infosys techies to work from home to ensure business continuity, a senior executive said on Wednesday.
Infosys, a global software giant, vacated one of the buildings in Bengaluru's southern suburb after a team member was suspected for coronavirus (COVID-19), an official said on Friday.
Chairperson of Infosys Foundation, Sudha Murty has urged the Karnataka government to take steps to shut malls and theatres, saying the coronavirus multiplies in air-conditioned areas.
Global software major Infosys on Monday sacked three of its techies who were arrested on a bribe charge levelled by the Income Tax Department, said a company official.
Infosys on Monday said it has paid Rs 6 lakh as compounding fees in the matter related to severance agreement with former CFO Rajiv Bansal. In November last year, Infosys (along with certain current and former key managerial personnel) submitted applications with the Registrar of Companies for compounding of certain alleged offences.
IT services major Infosys on Thursday said it has allotted 2.23 lakh equity shares under its 2015 Stock Incentive Compensation Plan to the CEO, COO and other eligible employees.
Seven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
IT services firm Infosys on Tuesday said it has divested its shares in Unsilo A/S for about USD 8,00,000 (over Rs 5.70 crore).
The global software major was absolutely right in concealing the whistleblowers' complaints from the regulators and the media, Infosys chairman Nandan Nilekani has said.
Infosys on Friday said the board's audit committee has completed the independent probe into the anonymous whistleblower allegations and found "no evidence" of financial impropriety or executive misconduct.
The BSE benchmark Sensex settled 147 points higher on Friday, tracking gains in index-heavyweights HDFC Bank and Infosys ahead of the earnings season.
Infosys will pay California USD 800,000 (nearly Rs 56 crore) to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas, California Attorney General Xavier Becerra said.
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