Infosys reported a decline of 11.7% in its net profit to Rs 7,033 crore for the fourth quarter compared to the previous year. Infosys staff members have received signals suggesting a reduced performance bonus for the quarter ending March 2025, reflecting ongoing uncertainty in the IT services industry.During a recent conference bridge discussion with a…
A software engineer from Telangana was caught using an imposter for landing a job at Infosys. The fraud, similar to a Tamil movie named Dragon, was caught 15 days after the engineer in his 20s joined the company. The company eventually terminated his candidature and has filed a complaint with the Adugodi police against the…
Infosys, had fired 240 entry-level employees who failed to pass internal assessment tests, according to company emails sent on April 18. This follows a similar round of layoffs in February when the company dismissed over 300 trainees.The terminated employees, hired as System Engineers and Digital Specialist Engineers, were unable to meet the qualifying criteria in…
Dalal Street in Mumbai (File Photo) CLSA has maintained its high conviction outperform rating on Bandhan Bank with a target price of Rs 220. Analysts said that the bank’s MD’s key priorities are to increase share of secured assets by FY27 and to improve technology & audit functions. The management targets return on assets of…
Sudha Murty shares her opinions on Narayana Murthy’s 70-hour per week statement. Author and philanthropist Sudha Murty has spoken for the first time about her husband Narayana Murthy‘s controversial suggestion that young Indians should consider working 70 hours a week to boost productivity. In an interview on NDTV’s “India Through the Eyes of Its Icons,”…
India’s IT companies, already struggling this year, face a potentially prolonged recovery, with analysts suggesting fiscal 2026 may not bring the anticipated upturn, according to a report in Reuters. This pessimistic outlook follows Accenture’s recent quarterly report, which highlighted persistent weakness in discretionary spending and overall demand. The Indian IT index has declined by 15.3%…
The Nifty IT Index has declined approximately 15% since the beginning of 2025. (AI image) Accenture’s quarterly results have raised concerns for Indian IT sector’s growth prospects, with technology stocks, including industry leaders TCS, HCL Tech, and Infosys, experiencing a significant drop of up to 3% on Friday. Accenture’s results have led to worries about…
H1B visa scheme enables organisations in the United States to employ overseas professionals temporarily in specialised roles. H-1B visa policy changes under US President Donald Trump’s government makes major Indian IT firms susceptible to immigration policy changes and higher costs, says Moody’s in its latest report. Indians secured approximately 75% of H-1B visas granted in…
In the past few years, there has been a sudden rise in the use of artificial intelligence (AI) be it in one’s professional or personal lives. However, Infosys founder Narayana Murthy recently spoke about the rising AI trend in India and warned people against it, calling it “silly old programmes”.Murthy was speaking at TiE Con…
NR Narayana Murthy, co-founder of Infosys, spoke at TiECon Mumbai on Wednesday, attempting to temper the overhyped buzz surrounding artificial intelligence (AI) in India. He pointed out that many systems marketed as AI were simply traditional programming. “I think somehow it has become a fashion in India to talk of AI for everything. I have…
