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IT company Infosys

Infosys Board To Decide On Share Buyback On Thursday

IT major Infosys said that its board will take up the proposal and decide on the buyback of fully paid-up equity shares in the company meeting, ahead of the second quarter results.

11 October 2022

IT company Infosys

Infosys Reduces Average Variable Pay To 70% For June Quarter Amid Margin Squeeze

According to the sources, Infosys has reduced variable payout for the June quarter or Q1 FY23 to about 70 per cent and the employees have been informed about the same


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India's Startup Story Intact, Tech Innovation Vibrant, Relevant: HCL Tech CEO C Vijayakumar

The comment by the Indian IT major HCL Technologies' top honcho comes at a time when investments and venture capital deal volumes in the startup space have started to taper, as investors turn wary of committing large cheques...


IT company Infosys

Infosys Warns Employees Of Moonlighting In Email, Says 'No Double Lives'

The company has urged managers to sensitize their teams on dual employment and the "consequences" of moonlighting

13 September 2022

IT Spends In Good Shape; See Continued Strength In US, European Markets: Infosys CEO

Infosys' top boss told PTI in an interview that the company sees continued strength in both US and European markets, although it is keeping a close watch on the macroeconomic environment as "these are things one has to...


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Bharti Airtel Allots 1.2% Equity Shares To Google For Rs 5,224 Crore

The allotment is part of Google's commitment to invest $1 billion with Airtel, which included equity investment in the company worth $700 million, about Rs 5,224 crore, Airtel said in a regulatory filing

15 July 2022

IT Sector

Indian IT Companies Brace Themselves As US Fed Warns Of Rate Hikes To Curb Inflation

The rate hikes could spell bad news for the Indian IT companies which earn a large chunk of their revenue from companies in the US

01 September 2022

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L&T Infotech Profit Rises 27.6% To Rs 633 Crore In April-June

The consolidated income from operations of Larsen and Toubro Infotech (LTI) increased by 30.62 per cent to Rs 4,522.8 crore during the reported quarter from Rs 3,462.5 crore in the June quarter last year

14 July 2022

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06 May 2022
L&T Infotech, Mindtree Merge Into Single Entity 'LTIMindtree'

L&T Infotech, Mindtree Merge Into Single Entity 'LTIMindtree'

Upon the scheme becoming effective, all shareholders of Mindtree will be issued shares of LTI at the ratio of 73 shares of LTI for every 100 shares of...


05 May 2022
Cognizant Net Income Up 11.48% To $563 Million In March Quarter

Cognizant Net Income Up 11.48% To $563 Million In March Quarter

Cognizant also said it plans to hire over 50,000 freshers from campuses in India and expects to cross the revenue of $20 billion this year.


27 April 2022
Merger Deal Between L&T Infotech, Mindtree Might Take Place Next Week: Report

Merger Deal Between L&T Infotech, Mindtree Might Take Place Next Week: Report

The report said that with the deal, the L&T infotech will surpass Tech Mahindra, to become the fifth-largest IT company in terms of market capitalization. 


26 April 2022
Wipro To Acquire Rizing For About $540 Million

Wipro To Acquire Rizing For About $540 Million

US-based Rizing is the latest in a series of acquisitions by Wipro, underscoring the company's ambitious growth agenda.


26 April 2022
L&T, IIT Bombay Partner Up To Develop Green Hydrogen Technology

L&T, IIT Bombay Partner Up To Develop Green Hydrogen Technology

Hydrogen when produced through the electrolysis process using renewable energy is known as green hydrogen which has no carbon footprint.


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18 April 2022
Wipro Appoints Satya Easwaran As India Head

Wipro Appoints Satya Easwaran As India Head

Easwaran will be in charge of strengthening Wipro's business in India across key industry sectors through strategic consulting, transformation and...


18 April 2022
Bosch India Touches 10-Million Mark In Production Of ABS, ESP Units At Pune Facility

Bosch India Touches 10-Million Mark In Production Of ABS, ESP Units At Pune Facility

The company introduced the ABS for passenger cars in 1978 and since then, it has developed it's ABS further to offer smaller, lighter, and more powerful...


18 April 2022
L&T Infotech Slumps Over 3% After Talks Of Merger With Mindtree

L&T Infotech Slumps Over 3% After Talks Of Merger With Mindtree

L&T is considering the merger of both its subsidiary, into a $22 billion firm. At 3:23 pm, stocks of L&T Infotech were down by 2.3 per cent at Rs 5,884.


18 April 2022
Infosys Shares Slump On Weak March Quarter Earnings

Infosys Shares Slump On Weak March Quarter Earnings

The revenue for the period under review stood at Rs 32,276 crore, up 20 per cent year-on-year and 1.2 per cent quarter-on-quarter.


15 April 2022
SAP Transitioning Into A Cloud Company, Says India MD Kulmeet Bawa

SAP Transitioning Into A Cloud Company, Says India MD Kulmeet Bawa

From turning its attention to start-ups and the long tail of fintech to building a robust cloud ecosystem, SAP India is poised to reinvigorate itself in India,...


04 March 2022
Sajithra K Wins The Mrs. India Earth Stylish Diva 2021 Title In The World Finals

Sajithra K Wins The Mrs. India Earth Stylish Diva 2021 Title In The World Finals

Sajithra has a Master's degree in Business Administration and a Bachelor's degree in Electronics and Communications Engineering. She is certified on SAFe...


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