Once India’s global claim to fame, the country’s information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant. The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset ... Read More »
The Infosys Ltd board does not want a war of words with the Indian software services company’s former leadership to descend into the kind of damaging row seen at Tata, an Infosys boardroom source said on Friday. India’s second biggest IT services company, based in the southern tech hub of ... Read More »
IT blue CHIP Infosys has reported a 6.12 per cent rise in consolidated net profit at Rs 3,606 crore for the quarter ended September 2016 against Rs 3,398 crore in the same period of last year. However, the company slashed the revenue outlook for the fiscal year ending March 2017 ... Read More »
Infosys, UltraTech Cement, Petronet LNG, Finolex Industries and TVS Motor Company are among 12 stocks from the Nifty500 index hit their respective lifetime high price on the National Stock Exchange (NSE) in intra-day today. Atul, Bajaj Finance, Can Fin Homes, Kajaria Ceramics, Kansai Nerolac, Manpasand Beverages and Minda Corp are ... Read More »
Snapping the six-session long gaining spree, the S&P BSE Sensex was trading over 150 points lower, while broader CNX Nifty was ruling below its key 7,450-mark. The headline indices traded flat even as Asian stocks edged up after New Zealand surprised markets with a rate cut, keeping investors primed for ... Read More »
