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Infosys News

Infosys reappoints Salil Parekh as CEO & MD for next five years
Business

Infosys reappoints Salil Parekh as CEO & MD for next five years

Salil Parekh has been the chief executive officer and managing director of Infosys since January 2018. His reappointment is subject to the approval of shareholders.

Will pay all taxes in UK on overseas income, says Akshata Murty
World

Will pay all taxes in UK on overseas income, says Akshata Murty

The 42-year-old entrepreneur has been at the centre of days of headlines after it emerged that her non-domiciled status meant she was not legally bound to pay taxes on her overseas income in the UK

UK finance minister Rishi Sunak questioned over Infosys presence in Moscow
World

UK finance minister Rishi Sunak questioned over Infosys presence in Moscow

An Infosys statement said the multinational software services major supports and advocates for peace between Russia and Ukraine.

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%
Business

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%

Infosys' revenue grew 22.9 percent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added

Narendra Modi to inaugurate 806-bedded Infosys made ‘Vishram Sadan’ today
India

Narendra Modi to inaugurate 806-bedded Infosys made ‘Vishram Sadan’ today

The facility, located at the National Cancer Institute in the Jhajjar campus of AIIMS-Delhi, is aimed at providing air-conditioned accommodation to the attendants of cancer patients

More than two crore ITRs filed on new income tax portal; CBDT urges taxpayers to file returns at earliest
Business

More than two crore ITRs filed on new income tax portal; CBDT urges taxpayers to file returns at earliest

Asking taxpayers to file their income tax returns (ITRs) for fiscal 2020-21 (April 2020-March 2021) at the earliest, the Central Board of Direct Taxes (CBDT) said all ITRs have been made available for e-filing.

Sensex rallies over 500 points to reclaim 60,200 level after RBI policy outcome; Nifty up 149 points
Business

Sensex rallies over 500 points to reclaim 60,200 level after RBI policy outcome; Nifty up 149 points

Tata Steel was the top gainer in the Sensex pack, rising over 2 percent, followed by Infosys, TCS, Reliance Industries, HCL Tech and Bajaj Auto

Infosys to announce Q2 results, consider declaration of interim dividend on 13 October
Business

Infosys to announce Q2 results, consider declaration of interim dividend on 13 October

The company will hold investor/analyst calls on 13 October to discuss the financial results for the quarter ending 30 September

Nirmala Sitharaman says Afghan crisis may impact economy; claims inflation has come down
Business

Nirmala Sitharaman says Afghan crisis may impact economy; claims inflation has come down

In an exclusive interview to political editor Marya Shakil of CNN-News18, she also addresses the Infosys controversy by saying that the “anti-national statement" made by RSS-backed magazine Panchajanya was not right at all.

'Not our view': RSS distances itself from Panchjanya article critical of Infosys
India

'Not our view': RSS distances itself from Panchjanya article critical of Infosys

Sunil Ambekar, the RSS' all-India prachaar pramukh, said 'Panchjanya' is not a mouthpiece of the RSS, the article reflects the author's opinion and should not be linked with the organisation

Finance ministry summons Infosys CEO Salil Parekh on Monday over I-T portal glitches
Business

Finance ministry summons Infosys CEO Salil Parekh on Monday over I-T portal glitches

The new tax portal, which went live on 7 June, continues to face a slew of issues including longer logging in time and inability to generate OTP for Aadhaar validation.

Sensex surges over 300 points in early trade; Titan, Axis Bank, HDFC among top gainers
Business

Sensex surges over 300 points in early trade; Titan, Axis Bank, HDFC among top gainers

The 30-share index was trading 333.69 points or 0.63 percent higher at 52,920.53, while NSE Nifty advanced 101.65 points or 0.64 percent to 15,864.70

IT companies set to slash 3 million jobs by 2022 due to automation, says Bank of America report
India

IT companies set to slash 3 million jobs by 2022 due to automation, says Bank of America report

Based on average employee costs of $25,000 per annum for India-based resources and $50,000 for US resources, the move will release around $100 billion in salaries and associated expenses

'Not a movie, a life experience': Ashwiny Iyer Tiwari discusses film on Infosys co-founder NR Narayana Murthy, wife, author Sudha
Entertainment

'Not a movie, a life experience': Ashwiny Iyer Tiwari discusses film on Infosys co-founder NR Narayana Murthy, wife, author Sudha

"NR Narayana Murthy and Sudha Murthy's story also makes you think about your priorities and purpose in life," says Ashwini Iyer Tiwary, who co-wrote the film with Shreyas Jain, Piyush Gupta and husband, director Nitesh Tiwari.

Reliance, Infosys, Accenture to cover COVID-19 vaccination costs for employees
India

Reliance, Infosys, Accenture to cover COVID-19 vaccination costs for employees

Accenture and Infosys are among the first technology services providers to cover the cost of vaccination for its employees their dependents who are part of the company's medical benefits scheme

Sensex tanks over 1,000 points in opening trade; Nifty slips below 14,900
Business

Sensex tanks over 1,000 points in opening trade; Nifty slips below 14,900

IndusInd Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by ICICI Bank, Axis Bank and Tech Mahindra

Sensex rallies over 500 points in early trade; NSE Nifty tops 15,000
Business

Sensex rallies over 500 points in early trade; NSE Nifty tops 15,000

Axis Bank was the top gainer in the Sensex pack, rising around 3 percent, followed by IndusInd Bank and ONGC, among others

Infosys awards six Indian origin scientists from MIT, Havard, Stanford, IISc for their contribution to research, innovation
science

Infosys awards six Indian origin scientists from MIT, Havard, Stanford, IISc for their contribution to research, innovation

The annual award includes a pure gold medal, a citation and a prize purse worth USD 100,000 or its equivalent in the Indian rupees.

Infosys announces salary hikes, promotions from Jan 2021; special incentive pay for junior employees
Business

Infosys announces salary hikes, promotions from Jan 2021; special incentive pay for junior employees

The Bengaluru-based company had 2,40,208 employees at the end of September 2020 quarter. COO Pravin Rao said the quantum of hikes would be identical to previous years

Infosys among UK firms accessing Rishi Sunak’s COVID-19 job saving scheme; IT major furloughed 3% of staff
Business

Infosys among UK firms accessing Rishi Sunak’s COVID-19 job saving scheme; IT major furloughed 3% of staff

The COVID-19 job saving scheme was unveiled by the Indian-origin finance minister, married to Murthy’s daughter Akshata, at the peak of the crisis and is set to gradually wind down until it is fully closed at the end of October.