Infosys

IT giants, Infosys, Wipro, Cognizant, others struggle with H1-B visa rejections

​The Indian IT sector has been struggling with high denial rates for H-1B visas. A study by an immigration think tank has revealed staggering numbers.

Infosys to hire 12,000 American workers in two years

India's second-largest IT firm Infosys on Tuesday said it plans to hire 12,000 American workers over the next two years, taking its hiring commitment in the country to 25,000 over five years. 

3 of 10 most valued companies add Rs 98,622.89 cr in mcap; Infosys steals the show

Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Infosys shares zoom over 9 pc on Q1 earnings; m-cap jumps Rs 33,853 crore

Shares of Infosys rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Infosys Q1 net profit up 12.4 per cent to Rs 4,272 crore

The country's second-largest IT services major Infosys on Wednesday reported a 12.4 per cent rise in consolidated net profit to Rs 4,272 crore for June 2020 quarter.

Infosys brings back over 200 employees, their families from US via chartered flight

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. 

COVID-19: We'll come out stronger from this situation, says Infosys CEO

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.

IT major Infosys shares fall over 3% after Q4 earnings

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 makes BIG announcement on hiring and appraisals, rules out layoffs due to COVID-19

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. 

Infosys suspends FY21 guidance citing uncertainty, reports Rs 4335 crore profit for Q4

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.

Infosys Foundation partners Narayana Health City to open quarantine facility for COVID-19 patients

RIL, Infosys, TCS in seven of top 10 most-valued Indian cos, add Rs 1.23 lakh cr in m-cap

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: Infosys techie sacked for 'sneeze in public' social media post

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.

Lockdown forces 1.7 lakh Infosys techies to work from home

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 vacates Bengaluru office building after employee suspected for coronavirus

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.

Shut malls, theatres to prevent coronavirus spread, SudhaMurty tells Karnataka government

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.

Infosys sacks 3 employees held on fraud charges

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 pays Rs 6 lakh in compounding fees to settle ex-CFO severance payment row

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.

Infosys allots 2.23 lakh equity shares under 2015 Stock Incentive Compensation Plan

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.

RIL, HDFC Bank among top seven companies to suffer combine loss of Rs 1.89 lakh cr in m-cap

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.