BENGALURU: Infosys has won an over $100 million (Rs 850 crore) deal from Swedish retailer Ikea, outpacing incumbents HCL, Capgemini and DXC, and other regional players. About 350 roles at Ikea will be impacted across China, France, Germany, India, Poland, Sweden, and the US, and these employees will transition to Infosys. “It has been a…
The top Indian IT outsourcing companies have experienced a significant reduction in their bench strength within a short period. However, this may not necessarily be a negative development for these global services leaders. By leveraging higher utilization rates and generative artificial intelligence (GenAI), they are able to drive efficiencies throughout their talent hierarchy as the…
Infosys founder NR Narayana Murthy wants to be remembered as a fair man. “One of the things I learnt early as a leader is that you have to take tough, unpleasant decisions. However, the most important thing is to be fair in every transaction,” Murthy told ET in a recent interview.In 1981, NR Narayana Murthy…
NR Narayana Murthy and S ‘Kris’ Gopalakrishnan, the founder and co-founder of Infosys respectively, have urged the incoming government in New Delhi to implement policies that foster entrepreneurship, leading to job creation, wealth generation, and increased tax revenue. With less than a month remaining before the new government takes charge, they have emphasized the importance…
IT services major Infosys said that the Odisha GST authority has imposed a penalty of Rs 1.46 lakh on the company. The penalty has been imposed on Infosys for availing ineligible input tax credit.Infosys announced the same in an exchange filing. The company said that it received the order on April 22, 2024, passed by…
NEW DELHI: Ekagrah Rohan Murty, N R Narayana Murthy’s five-month-old grandson who was gifted 15 lakh shares by the Infosys founder recently, is set to earn Rs 4.2 crore, thanks to the Bengaluru-IT company declaring a bumper final and special dividend totalling Rs 28 per share.Murthy had gifted 15 lakh shares to Ekagrah valued at…
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide…
Infosys Q4 results: India’s second largest IT services company, Infosys, on Thursday reported a consolidated net profit at Rs 7,969 crore, a growth of 30% year-on-year, for the fourth quarter of the financial year 2023-24. According to Reuters, the company reported revenue growth of 1.3% year-on-year, amounting to 379.23 billion rupees ($4.54 billion) for the…
IT sector hiring outlook: In a positive development, the top IT services companies have witnessed a rise in active hiring for the first time in 20 months. According to analysis of data from LinkedIn and other leading job boards, the number of open positions available for applications increased to 82,000 in March from a low…
