Tech titans like Infosys are now SEEING MASSIVE JOB CUTS, rendering IT jobs a RISKY PROPOSITION for India’s middle class, making it UNRELIABLE as a safe career option.
The article highlights the lessons for the middle class in the wake of the AI-powered ChatGPT’s impact on job markets. The most important takeaway for middle-class parents is to stop forcing their children into computer-related fields, as the demand for tech jobs is declining globally. In the US, software developer job postings have dropped by 35% from the pre-COVID period, and in India, the financial sector is likely to be severely affected, with potential job losses of up to 200,000 over the next few years.
The article warns that AI will soon replace humans in every sector, including finance, which is a key provider of white-collar salaried jobs. This means that middle-class students who pursue finance degrees may face limited job prospects, changing the traditional path to affluence. The article predicts that young people will delay marriages, have fewer children, and experience increased mental health issues, leading to frustrations and outbursts.
The author suggests that the middle class must prepare for dark times before the economy recovers. The article concludes by cautioning that the situation will get worse before it gets better, but ultimately, something saner will emerge. Overall, the article urges middle-class parents to rethink their expectations and prepare for a future with significantly changed job markets and opportunities.
From home-grown drones made in India or China?
Former Infosys CFO Mohandas Pai has questioned whether the drones featured in Congress leader Rahul Gandhi’s video on new technology are actually made in India or sourced from China. In response to Gandhi’s comments about India’s lag in drone production, Pai defended the country’s industrial progress, citing several achievements in various sectors over the last decade. He listed India as the 5th largest industrial manufacturing country globally, 2nd largest steel producer, 2nd largest cement producer, 3rd largest automobile producer, and so on.
Pai also asked whether Gandhi is using Indian-made drones or Chinese-made drones, and what the brand is. He urged an end to what he called a “fake narrative” and criticized attempts to pull India down. Gandhi had posted a video highlighting China’s advancements in drone technology, arguing that India needs a strong production base to remain competitive.
Meanwhile, Rahul Gandhi criticized Prime Minister Narendra Modi’s speeches on AI, saying that India cannot lead in AI and technology if it doesn’t control core production technologies. He emphasized the importance of controlling production and stressed that the country has handed over its consumer data, doesn’t make key components, and is limited to assembly.
Pai’s comments come as a rebuttal to Gandhi’s claims, with some supporting his stance by amplifying the video and calling for “substance over rhetoric”. The Congress and Indian Youth Congress have also called for the need to build a robust industrial ecosystem, citing Gandhi’s vision as the way forward. The debate highlights the ongoing discussion about India’s industrial growth and its ability to compete with other economies.
Here is one re-written version of the line:Layoffs at JPMorgan Chase spark media attention, following the recent controversy involving Infosys’ mass termination of employees in Mysuru.
JPMorgan Chase, a multinational bank, is reportedly planning to lay off fewer than 1,000 employees in February 2025, with the goal of making adjustments to position the company for future growth. The bank claims that the layoffs are part of its “regular management of the business” and that only a “very small number” of employees will be affected.
The layoffs are expected to be implemented in a series of phases, with terminations taking place in February, March, May, June, August, and September. However, the total number of employees who will be laid off by the end of 2025 remains unclear.
JPMorgan Chase believes that eliminating certain positions will allow the company to create new ones, and officials have stated that some of the impacted employees will be redeployed to take on new roles. The bank currently has around 14,000 open positions, and hiring is ongoing.
In a similar development, Infosys, an Indian IT firm, recently revealed that it had laid off around 500 fresh recruits, citing poor performance on internal assessments. The move has been met with widespread criticism, with many considering it “brutal and inhumane” that the terminated employees were given such short notice and no alternative arrangements for the night.
JPMorgan Chase’s layoffs, while smaller in scale, are also likely to have a significant impact on the affected employees, who will be forced to adjust to a new reality. The news comes as a significant blow to those affected, and it remains to be seen how the bank will support those who are losing their jobs.
After the Infosys campus, a leopard was spotted roaming near an apartment complex in Mysuru, sparking concerns of a potential sighting.
In January, the forest department was involved in a wild goose chase to track a leopard that had wandered onto the Infosys campus in Mysuru, India. After the leopard’s disappearance, another report was filed by residents of an apartment complex on KRS Road, located nearby, of spotting a leopard. The Deputy Conservator of Forests (Territorial) K.N. Basavaraj stated that members of the Leopard Task Force and other staff have been monitoring the situation since receiving the complaint.
Although pug marks were initially detected, they were found to be likely caused by stray dogs rather than the leopard. As a precaution, the forest department has deployed staff to scan the area for evidence of the leopard’s presence, despite having yet to install camera traps. The apartment complex, which houses scores of people, is not too far from the Infosys campus, where the leopard was first spotted. Leopards have been known to thrive in scrub vegetation and agricultural areas, which makes this neighborhood a possible habitat.
Previous incidents have also reported leopards being sighted in and around Mysuru, with some even being relocated from industrial areas. This makes it feasible for the same leopard to be present in the area. However, the situation has raised concerns among local residents.
Whispers of joy for the billionaire Mukesh Ambani: Reliance takes the top spot on the list of companies with the highest…
Here is a summary of the content in 400 words:
According to the Economic Survey, Indian companies have seen a significant increase in their cash reserves over the past two years, with a 35% surge. As of September 2024, the cash and cash equivalents (CCE) balance of Nifty 500 companies stood at Rs 14.3 lakh crore, up from Rs 10.6 lakh crore in September 2022. This increase is attributed to companies making substantial profits but being reluctant to increase employee salaries.
Reliance Industries, led by Mukesh Ambani, tops the list of companies with the highest cash balance, holding 15% of the total cash reserves of Nifty 500 companies. As of September 2024, Reliance had cash and cash equivalents worth ₹2.15 lakh crore. Other companies in the top 10 include Larsen & Toubro, Tata Motors, TCS, Wipro, ONGC, InterGlobe Aviation, Mahindra & Mahindra, Infosys, and Hindustan Aeronautics.
Experts suggest that Indian companies benefited from cost optimization after the COVID-19 pandemic, which led to an increase in their cash reserves. Additionally, these companies did not invest heavily in capacity expansion, allowing them to accumulate more cash. Typically, these funds are utilized for working capital, capital expenditure (CapEx), and debt repayment.
Interestingly, none of the companies from India’s third-largest industrial conglomerate, the Adani Group, made it to the list. However, companies like Indigo’s parent company InterGlobe Aviation, Reliance, and Hindustan Aeronautics have seen the highest surge in cash reserves over the past two years. The report highlights the significant growth in cash reserves of Indian companies, which could have implications for the economy and employee salaries.
Mohandas Pai, former CFO of Infosys, cautions that the new RBI Governor should prioritize addressing food inflation, a pressing economic concern.
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to meet from February 5 to 7 to review the repo rate. Analysts predict a 25-basis points (bps) cut, which would be the first rate cut in nearly five years. Former Infosys CFO Mohandas Pai, taking to social media platform X, has asked the new RBI Governor Sanjay Malhotra to consider food inflation and its impact on consumers, particularly the rising cost of basic vegetables such as tomatoes, onions, and potatoes. He urges the RBI not to “punish” consumers with high interest rates to control these price increases.
A recent report by Crisil found that the price of a vegetable thali had increased by 6% in December 2024 compared to the previous year, driven by surging costs of tomatoes and potatoes. The report attributed the rise to a 24% increase in tomato prices and a 50% rise in potato prices, which have been experiencing double-digit inflation rates. The Economic Survey for 2024-25 revealed an increase in food inflation, with retail inflation averaging 5.4% in FY25, exceeding the RBI’s desired threshold of 4%.
The survey highlighted the impact of supply chain disruptions, extreme weather events, and unpredictable weather conditions on agricultural output, resulting in price pressures on essential commodities like onions, tomatoes, and pulses. Food inflation was found to be a significant driver of overall inflation, accounting for 32.3% of the increase in the Consumer Price Index (CPI). Excluding vegetables and pulses from the calculation would have resulted in a 4.3% food inflation rate, 4.1 percentage points lower than the reported figure. The survey also noted that service-related inflation, including housing, healthcare, and education, continued to rise due to robust urban demand, wage increases, and supply chain disruptions.
Kris Gopalakrishnan, co-founder of Infosys, is among the 18 individuals booked under the SC/ST (Prevention of Atrocities) Act, according to a report in Deccan Herald.
Kris Gopalakrishnan, co-founder of India’s leading IT services company Infosys, is one of the 18 individuals who have been booked under the SC/ST (Scheduled Caste and Scheduled Tribe) Atrocities Act by the Kerala police. The bookings were made on charges of discriminating against an SC student and not giving due opportunities for placements in his startup.
According to the report, the 18 individuals, including Gopalakrishnan, were founders or employees of different startups who participated in the Hackathon conducted by the Government of Kerala’s Entrepreneurship Development Program. A few months after the Hackathon, a final placement offer was announced, and 11 startups that were winners at the Hackathon were expected to participate. However, several candidates, including a student from the Scheduled Caste community, did not receive job offers from any of these startups.
The complainant, the SC student, alleged that they were intentionally denied opportunities despite having presented excellent solutions during the Hackathon. An FIR (First Information Report) was lodged on May 30, and police have arrested three people so far. Gopalakrishnan has denied the allegations and claims that his role was only to participate as a jury member.
The development has sparked outrage, with several members of the political party Indian National Congress criticizing Gopalakrishnan for “trying to dilute” the gravity of the allegations by questioning the validity of the FIR.
The Kerala Government has clarified that Gopalakrishnan, as well as other individuals who were booked under the SC/ST Act, are being considered as suspects until proven guilty and will undergo necessary investigations.
Meanwhile, social activists have urged for strict action to be taken against those responsible and called for creating a society free from discrimination against the Scheduled Caste community.
France-based BNP Paribas banking group expects Indian IT sector as a bright ray of hope, favoring both Infosys and TCS under the US rate-cutting pattern.
BNP Paribas, a financial services company, remains optimistic about the future of India’s information technology (IT) service sector. In a recent note, the brokerage firm cites several factors that could lead to the growth of the sector, including the expected monetary and fiscal easing cycle in the US, dollar strength, inventory restocking, and retail consumer-friendly themes. The firm notes that the macroeconomic environment in 2025 is stronger than it was in 2018, with a potential rate cut from the US Federal Reserve and a business-friendly administration.
Despite the risk of inflationary impact from the Trump administration’s tariffs, BNP Paribas believes that the impact of the tariff hike on China in 2018 was limited due to the strengthening dollar index at the time. The firm suggests monitoring the pace of tariffs on China and the offsetting Chinese yuan depreciation.
The brokerage firm also identifies several positives that will support the growth of Indian IT services, including positive real wage growth, a housing and construction recovery, potential Chinese stimulus, and fiscal easing in Germany. As a result, BNP Paribas recommends investing in Infosys Ltd. and Tata Consultancy Services Ltd., two leading Indian IT companies.
Infosys is expected to benefit from the recovery of discretionary demand and the enhancement of generative artificial intelligence. The firm notes that Infosys has the potential for one of the highest earnings estimate upgrade potential. Tata Consultancy Services, on the other hand, is trading near its five-year average price-to-equity ratio, and the company’s near-term client-specific challenges are already priced in. Overall, BNP Paribas sees the Indian IT sector as a bright spot in the current global economic landscape.
Puducherry MP N Srinivasa Chidambaram endorses K V Rama Murthy, L&T’s top executive, saying ‘those who have worked 12-hour days themselves can advise on the need for Indians to do the same’.
Former Finance Minister P Chidambaram has come out in support of Infosys co-founder Narayana Murthy and L&T Chairperson SN Subrahmanyan, who recently sparked controversy by advocating for longer work hours in India. Murthy suggested that young Indians should work 70 hours a week, while Subrahmanyan proposed a 90-hour work week for his employees. Chidambaram argued that their statements reflect a broader perspective aimed at enhancing productivity in a developing country.
Chidambaram noted that the reactions to their comments may have overlooked the context and that their remarks were not intended for workers performing repetitive tasks, but rather aimed at inspiring young Indians to embrace hard work and build a prosperous nation. He also highlighted that the eight-hour workday, first legislated in Germany in 1918, may not uniformly apply to all professions. For example, farmers and professionals such as doctors, lawyers, and scientists often work beyond traditional hours.
The former finance minister also touched on the potential impact of technological advancements on work norms, suggesting that automation, robotics, and AI could lead to shorter working hours without sacrificing productivity. He personally enjoys long working hours, stating that work-life balance is a personal discovery for each individual. Chidambaram believes that Murthy and Subrahmanyan were advocating for a cultural shift, urging the aspirational young generation to understand that long hours of productive work can make a developing country truly rich and improve the lives of millions of people.
Ultimately, Chidambaram argues that their comments may have had an unintended effect of provoking people to think and reassess their approach to work and productivity, which could ultimately lead to a more balanced view of work and life. While their remarks have sparked a heated debate, Chidambaram believes that their words may not be controversial after all, but rather a valuable contribution to the national conversation on productivity and work ethic.
Axis Bank, Infosys, Wipro, Tech Mahindra, and others among the top losers on Monday, as Indian markets plummet, while Jio Financial prepares to release its Q3 earnings later today.
The article provides a summary of recent research reports from various financial institutions on several Indian companies. The reports are from Citi, Nuvama, Jefferies, CLSA, DAM, IIFL, MS, Macquarie, Nomura, Bernstein, BofA, Investec, HSBC, Elara, and UBS.
The reports provide recommendations and target prices for companies such as:
* Aadhar Housing: Citi initiates a buy recommendation with a target price of Rs 565/sh.
* Reliance Industries: Multiple firms maintain buy or outperform recommendations with target prices ranging from Rs 1550/sh to Rs 1729/sh.
* Infosys: Firms such as Nomura, Nuvama, and Bernstein raise their target prices, with Bernstein maintaining an outperform recommendation.
* Axis Bank: Firms such as Jefferies and Macquarie maintain buy or outperform recommendations, while Citi and Nuvama cut their target prices.
* Havells: UBS maintains a buy recommendation with a target price of Rs 2145/sh, while JP Morgan maintains a neutral recommendation.
* LTIM: Citi and Nomura maintain sell recommendations, while MS and Macquarie maintain overweight or outperform recommendations.
Overall, the reports provide a mixed bag of recommendations, with some firms maintaining buy or outperform recommendations for certain companies, while others cut their target prices or maintain neutral recommendations.
Low salaries and subpar working conditions have rendered IT employees at TCS, Infosys, and Wipro effectively underemployed, leaving them with limited benefits and uncertain financial futures.
The Indian IT sector, led by companies like TCS, Infosys, and Wipro, has been a significant driver of economic growth and job creation. However, despite its boom, employees in these companies are facing several challenges, including salary insufficiencies, limited employee benefits, and a dominant work culture that prioritizes long working hours over work-life balance.
Fresh recruits to the IT sector often struggle to make ends meet, with salaries that barely cover the cost of living expenses in major cities. For instance, TCS, Infosys, and Wipro offer packages ranging from ₹1.65 lakh to ₹6.95 lakh per year, with an average of around ₹3.29 lakh to ₹4.14 lakh. However, the cost of living in cities like Delhi, Mumbai, or Bangalore is several times higher, leaving employees with limited disposable income.
Moreover, the benefits offered by these companies are often perceived as inadequate, with employees complaining that the overall compensation is not good enough. While companies like TCS, Infosys, and Wipro provide health insurance, performance-based bonuses, and pension schemes, these benefits hardly compensate for low base salaries.
The work culture in these organizations has also been a concern, with demands for longer working hours and high-performance expectations compromising employees’ mental and physical well-being. While companies like TCS have designed wellness programs, these initiatives may not be enough to address the issue of work-life balance.
In comparison, companies like Accenture offer more competitive salaries, ranging from ₹3.8 lakh to ₹7 lakh per annum, which raises questions about the long-term sustainability of retention of experienced professionals in the IT sector.
To address these challenges, the IT sector needs to overhaul its compensation structures and work culture. This involves ensuring that salaries are revised in line with the cost of living, benefits provide tangible value, and the work environment is supportive. By prioritizing the welfare of employees, the IT sector can not only improve employee satisfaction but also ensure its continued success.
Single-handedly tarnishing the reputation of L&T’s leadership: A retiree’s derailed dreams spark a social media sensation.
A couple, Ajay Tomar and his wife Sunita Tomar, have gained popularity on social media after posting a video showcasing their unique post-retirement plan. The couple, who run an Instagram page called Ghoomna Firnaa, have transformed their 5-seater car into a caravan-like vehicle and are traveling around South India, sleeping in the car and cooking food on the road. The video, which has gone viral, shows the couple exploring local families and making new friends.
The post has attracted negative comments from some users, who sarcastically said that the couple’s plan is ruining the reputation of L&T Chairman SN Subrahmanyan, who recently called for a 90-hour workweek. Another user referenced a comment by Infosys co-founder Nadella, who said that youngsters need to work 70 hours a week. However, many others have praised the couple’s sense of adventure and appreciation for their carefree lifestyle. The Tomars aim to take an international trip before they turn 70.
Giving 90 a new lease on life: A laudable defense of SN Subrahmanyan and Narayana Murthy!
The article “90 is the New 70: Defending SN Subrahmanyan and Narayana Murthy” from The Quint challenges the notion that the age of 70 is the new benchmark for retirement. The article argues that successful entrepreneurs like S.N. Subrahmanyan (co-founder of Infosys) and N.R. Narayana Murthy (co-founder of Infosys) have continued to be productive and effective in their roles well beyond the age of 70. The article cites examples of their continued involvement in various initiatives, including philanthropic work, governance, and mentorship. The author suggests that the age of 70 is not a cap on one’s potential or contribution, and that experience, wisdom, and energy can be maintained and leveraged well into one’s 80s and beyond. The article is a defense of Subrahmanyan and Murthy, as well as a broader challenge to the ageist notion that there is a fixed limit to what individuals can accomplish based solely on their age.
Informal giant Infosys plans to initiate pay hikes for its employees in February, according to reports.
Infosys, a leading Indian IT consulting and software development company, will begin a pay hike rollout in February. This move is likely to benefit thousands of employees, who have been working hard to meet ambitious growth targets set by the company. The exact details of the pay hike, including the percentage increase and eligibility criteria, are yet to be disclosed. However, it is expected to be a significant step forward for employees who have been patiently waiting for a long-time for a salary boost. The news comes at a time when the company is facing intense competition in the IT sector, and this move is expected to boost employee morale and retention. The company has a strong track record of investing in its employees and has been consistently ranked as one of the top employers in the world. With this pay hike, Infosys aims to demonstrate its commitment to its employees’ growth and well-being.
In the midst of a heated debate about L&T’s 90-hour weekly workweek, a remark from Shah Rukh Khan’s past – rest is a sin – has resurfaced and is now trending on social media.
A 2022 statement by Shah Rukh Khan has gone viral, where he stressed that “rest is a sin” and that one must be “restless” to be successful. He emphasized the importance of being dedicated and relentless, pointing out that relaxation only benefits those who don’t strive for success. This comment has been re-surfaced amidst the controversy sparked by Larsen & Toubro chairman, SN Subrahmanyan, advocating for a 90-hour workweek. Subrahmanyan’s views echo those of Infosys co-founder Narayan Murthy, who supports a 70-hour workweek. However, industry leaders are divided on the matter. Anand Mahindra, Mahindra Group chairman, believes that work output is more important than the number of hours worked. On the other hand, Harsh Goenka, RPG Enterprises chairman, and Rajiv Bajaj, Bajaj Auto MD, emphasize the importance of work-life balance and the need to prioritize quality over quantity. Radhika Gupta, CEO of Edelweiss Mutual Fund, agrees that hard work and ambition are personal choices and not a requirement for everyone. The debate continues, with no consensus on the optimal number of working hours.
A toxic work environment, lack of recognition, and more; a former Infosys employee lists six reasons for his departure in a viral LinkedIn post.
A former Infosys employee, Bhupendra Vishwakarma, has sparked controversy with a viral LinkedIn post detailing the reasons behind his decision to quit the company without securing another job offer. He cited six key issues that led to his resignation, including a lack of financial growth, unfair workload redistribution, toxic client environment, lack of recognition, and regional bias. Vishwakarma’s post has resonated with many IT professionals who have shared similar experiences, highlighting the importance of mental health and well-being in the workplace. The post has also sparked discussions about the need for companies to prioritize positive work environments and value their employees. Vishwakarma’s complaints are indicative of systemic flaws within the company, and his decision to speak out serves as a wake-up call for corporate leaders to address these issues.
Love is not just about staring, it’s about sharing life’s moments with your partner, says Anand Mahindra.
Mahindra Group Chairman Anand Mahindra responded to the debate on a 90-hour work week, sparked by Larsen & Toubro Chairman S.N. Subrahmanyan’s comments. Mahindra emphasized the importance of focusing on the quality of work, rather than the quantity. He stated that one can change the world in 10 hours, and that it’s not about the number of hours worked, but rather the output. He also stressed the need for leaders to make wise decisions, be exposed to holistic thinking, and have a broad range of knowledge and experiences.
Mahindra highlighted the importance of spending time with family and friends, and not just focusing on work. He used the example of his company, M&M, and how they need to understand what customers want, which requires time outside of the office. He also responded to criticisms of his use of social media, stating that it’s a valuable business tool and allows him to connect with millions of people.
Mahindra’s comments contrast with those of other business leaders, such as Infosys co-founder Narayana Murthy and Ola founder Bhavish Aggarwal, who have suggested that youngsters should be prepared to work long hours. Mahindra’s approach emphasizes the importance of work-life balance and suggests that the key to success is not just working long hours, but also focusing on the quality of work and making wise decisions.
Leopard scare at Infosys campus: Forest Department deploys 120 personnel in intensified search operation.
A leopard has been spotted on the Infosys campus in Mysuru, India, and the Forest Department has been searching for it since December 31. Despite efforts, including deploying 120 staff, camera traps, thermal drones, and wire mesh, the leopard remains elusive. As a result, all employees, including 7,000 trainees and staff, have been instructed to work from home until January 26. The hostel inmates, who were previously escorted to their workplaces daily, have been asked to return home. The Forest Department has also intensified its search, deploying 12 teams, including 70 personnel from the Leopard Task Force and Elephant Task Force, and 70 security personnel from Infosys. Two drones were also used for aerial searches. Forest officials, including the Conservator of Forests (Mysuru Circle) and Deputy Conservator of Forests, have visited the campus to inspect the situation and offer suggestions. The search operation continues, with the Forest Department determined to capture the elusive leopard.
Q3 results for FY25 are due this week, with over 110 companies, including RIL, Jio Financial, Wipro, and Infosys, set to release their quarterly earnings, sparking interest in potential dividend announcements.
The quarterly earnings season for the October-December 2024 period has begun, with over 110 companies set to release their results. Some notable companies that will announce their Q3 FY25 results include Reliance Industries, Jio Financial Services, Wipro, Infosys, HCL Technologies, and Axis Bank. The earnings season will run from January 13 to January 18, with companies announcing their results on different days. On Monday, January 13, companies like HCL Technologies and Angel One will release their results, while on Tuesday, January 14, companies like HDFC Asset Management Company and Shoppers Stop will announce theirs. On Thursday, January 16, companies like Reliance Industries, Infosys, and Axis Bank will release their results. Some companies will also declare dividends to their shareholders, including Wipro, HCL Technologies, and Havells India, among others. The Q3 results will provide insights into the financial performance of these companies for the October-December 2024 period.
West Bengal: Infosys launches new development centre in New Town near Kolkata, inaugurated by Chief Minister Mamata Banerjee
Infosys, a leading Indian IT company, has opened a new development centre in New Town, near Kolkata, West Bengal. The centre was inaugurated by Chief Minister Mamata Banerjee, who expressed her delight at the company’s decision to set up shop in the state. The centre is expected to create over 1,000 jobs in the region, with a focus on developing digital solutions for clients. The facility will also serve as a hub for Infosys’s operations in Eastern India. The company has invested heavily in the centre, which is equipped with state-of-the-art infrastructure and technology. The inauguration ceremony was attended by senior officials from Infosys, as well as representatives from the West Bengal government. The centre is expected to play a significant role in driving economic growth and development in the region.
The top-earning CEOs in India: L&T, Hero MotoCorp, and Poonawala Enterprises make headlines in the world of Lifestyle News.
Top Indian CEOs and executives received impressive remuneration packages as of March 2024, reflecting their significant contributions to the success of their companies. According to recent data, here are the top 10 highest-paid Indian CEOs:
1. Abhay Bhutada of Poonawalla Fincorp – Rs 241.21 crore
2. Pawan Munjal of Hero MotoCorp – Rs 109.41 crore
3. Sudhir Singh of Coforge – Rs 105.12 crore
4. Vinay Prakash of Adani Enterprises – Rs 89.37 crore
5. Kalanithi Maran and Kavery Kalanithi of Sun TV Network – Rs 87.5 crore each
6. Naveen Jindal of Jindal Steel & Power – Rs 84.995 crore
7. Arnob Roy of Tejas Networks – Rs 76.82 crore
8. Sandeep Kalra of Persistent Systems – Rs 76.59 crore
9. Sajjan Jindal of JSW Steel – Rs 73.39 crore
10. Salil S. Parekh of Infosys – Rs 66.25 crore
These executive’s remuneration packages were high due to their leadership roles in driving profitability, expansion, and growth of their respective companies across various sectors such as finance, IT, steel, and more.
Here is a rewrites version of the line:India’s leading IT giant, Infosys, will provide technical expertise to the Andhra Pradesh government to conduct a skills census.
Minister for HRD and IT, Nara Lokesh, praised Infosys for its role in the State’s Corporate Social Responsibility (CSR) initiatives. The partnership aims to assess the existing skill levels of the State’s youth and provide training aligned with market demand. Lokesh also held a review meeting to discuss the statewide launch of the Skill Census program, instructing officials to include both organized and unorganized sectors to ensure comprehensive skill mapping. He highlighted the global demand for skilled workers and noted that training programs tailored to international requirements could create job opportunities abroad for around 2 lakh individuals. Additionally, Lokesh emphasized the importance of creating 20 lakh jobs for youth in both public and private sectors in the State over the next five years, as promised in the election manifesto. The Cabinet sub-committee will meet every 15 days, with the Chief Minister chairing the meeting once a month.
Infosys in the Firing Line: Netizens Mock 70-Hour Workweek as GST Portal Continues to be Down
The Goods and Services Tax (GST) portal in India has been down for over 24 hours, causing concern among business owners who need to file their monthly and quarterly returns by Saturday, January 11. The portal, developed by Infosys, has been non-functional since Thursday, and users are unable to access it. Netizens have taken to social media to express frustration and criticize the downtime, with many slamming Infosys for the issue. Some users have made humorous comments, referencing the company’s recently debated 70-hour workweek. The official GSTN account has acknowledged the issue and assured users that the technical team is working to fix the problem, with an expected resolution by 12 PM on Friday.
More than 60 companies, including Infosys, Wipro, and Axis Bank, are set to release their earnings reports.
The third-quarter earnings season has begun, with over 60 companies set to release their results between January 13 and January 17. Major companies like HCL Technologies, Infosys, Wipro, Tech Mahindra, and Kotak Mahindra Bank will announce their quarterly financial results. HCL Technologies is expected to report revenue of ₹30,027 crore, while Infosys is expected to report revenue of ₹41,278 crore. Wipro is expected to report revenue of ₹22,040 crore, and Tech Mahindra is expected to report revenue of ₹13,313 crore. Axis Bank is expected to report total income of ₹20,118 crore. Investors will be focusing on factors such as revenue growth, margins, and profit numbers, as well as management commentary on performance and outlook for the present quarter. The results will be closely watched, particularly after IT bellwether TCS reported a 5% year-on-year rise in revenue for the second quarter of FY25.
Here is a reworded version of the line:Search operation in full swing at Infosys campus for ninth consecutive day, amid reports of a leopard’s presence
A combing operation to capture a leopard spotted at the Infosys campus in Mysuru on December 31 has continued for nine days. Despite efforts by the Forest Department, Leopard Task Force, and Elephant Task Force, the leopard has evaded capture. Two cages were set up, 22 camera traps were installed, and a drone with a thermal camera was deployed, but the leopard remains at large. To ensure employee safety, those staying in hostels have been instructed to avoid moving around in the dark, not to venture out, and to use a specific path to and from work. The Forest Department and Infosys security personnel are patrolling the campus continuously to trace the leopard. The operation is ongoing, with employees who work from home also being involved in the search. The Forest Department is facing challenges in capturing the leopard, which has managed to evade detection despite the extensive efforts.
L&T Chairman Narayanan Murthy’s own 70-hour work week sets an example, as he tells employees: ‘I regret we couldn’t make Sundays a workday for you’.
Larsen & Toubro’s (L&T) Chairman SN Subrahmanyan has expressed regret for not being able to make employees work on Sundays, suggesting a 90-hour workweek to remain globally competitive. His comments have sparked a heated debate on work-life balance and employee well-being. Subrahmanyan’s remarks echo those of Infosys co-founder NR Narayana Murthy, who recently called for a 70-hour workweek. The comments have drawn criticism on social media, with users expressing concern for employees’ mental health and work-life balance, citing the risks of burnout and decreased productivity. Some critics have also pointed out that excessive work hours can negatively impact personal relationships and contribute to a lack of fulfillment. The backlash has been severe, with many users labeling Subrahmanyan and other business leaders as “leaders in baby diapers” and expressing frustration with the focus on profit over employee well-being. The debate highlights the need for a balance between work and personal life, and for leaders to prioritize employee well-being.
After Narayana Murthy’s lead, L&T chairman asks employees to sacrifice Sundays for 90-hour work week.
L&T Chairman SN Subrahmanyam has made a controversial comment suggesting that employees should work 90 hours a week. He made this statement during a town hall meeting in response to a question about why employees are still expected to work on Saturdays. He expressed regret that he couldn’t make them work on Sundays as well, and cited the example of China where people allegedly work 90 hours a week. He also made some off-color comments about what people do at home, such as “staring at their wives”. Social media users were quick to condemn his remarks, comparing him to Infosys co-founder Narayana Murthy, who also advocated for long work hours. Many users called out the L&T chairman’s lack of understanding of the work-life balance and the country’s labor laws, with some jokingly asking if they were expected to “stare at someone else’s wife”. The incident has sparked a heated online debate about the work culture and expectations in India.
Insys has pushed back its annual salary increases to the fourth quarter of fiscal year 2025.
Infosys, India’s second-largest IT services firm, has delayed annual wage hikes to the fourth quarter of the current financial year. This decision reflects the uncertainty in the global demand environment, particularly for discretionary IT services. Rivals HCLTech, LTIMindtree, and L&T Tech Services have also skipped salary increments to manage costs and sustain profitability. The company had announced plans to implement wage hikes in Q4 in a phased manner, with some part effective in January and the balance in April. Despite the delay, margins improved by 10 basis points in the second quarter due to lower onsite costs, improved utilisation rates, and better operational efficiencies. Analysts believe that the withholding of hikes is unlikely to lead to resignations due to a stagnant job market. Certain delivery teams within large enterprises may still offer salary hikes to top performers, as each unit has a budget to reward exceptional talent.
Is a Weaker Rupee a Boon for IT Giants Like Infosys?
Mark Mobius, a seasoned investor, believes India is a strong investment hub due to its growth, reforms, and China’s declining appeal under Trump’s leadership. He notes that a weaker rupee benefits export-oriented companies like Infosys, making them more competitive globally. He predicts the rupee may weaken further to 86 by the end of the year, driven by a strong dollar and India’s trade deficit. Despite this, Mobius remains optimistic about India’s economic potential, reforms, and high-value market opportunities. He views India as a “natural choice” for manufacturing after China and expects reduced red tape in the US under Trump to boost opportunities. He recommends investing in export-driven sectors and consumption industries, citing rising per capita income and competitiveness against Chinese exporters. He aims to allocate 50% of his investments in India.
Indian IT giants, including Infosys and TCS, account for the lion’s share of H-1B visa allocations.
Indian tech companies, including Infosys, Tata Consultancy Services (TCS), and HCL America, dominated the H-1B visa program, with 24,766 visas allocated to them between April and September 2024. This represents 20% of all H-1B visas issued. Infosys led the pack with 8,140 visas, followed by TCS (5,274) and HCL America (2,953). The H-1B visa program allows US companies to hire foreign workers in specialty occupations. Indian IT services companies, such as TCS, Infosys, Wipro, and HCL Technologies, have consistently been among the top employers of H-1B visa holders. Industry leaders, including Elon Musk, have praised the program, citing the benefits of welcoming skilled foreign workers. The program is capped at 65,000 new visas annually, with an additional 20,000 for individuals with a master’s degree or higher. While the program faces controversy and potential reforms, India’s foreign ministry emphasizes the economic and technological benefits of skilled professional mobility, citing the strengthening of both countries’ economies and competitive positions.
HDFC Bank, TCS, and SBI’s market capitalization took a hit of nearly Rs 1 lakh crore this week, while RIL and ITC bucked the trend to emerge as winners.
The combined market valuation of four of the top-10 most valued companies in India, including HDFC Bank, ICICI Bank, TCS, and State Bank of India, fell by a collective Rs 96,605.66 crores. HDFC Bank’s valuation dropped by Rs 37,025.46 crores, while ICICI Bank’s fell by Rs 29,324.55 crores. TCS and State Bank of India’s values also declined, resulting in a total loss. On the other hand, Reliance Industries gained Rs 41,138.41 crores, followed by Hindustan Unilever, LIC, Infosys, ITC, and Bharti Airtel, which added value to their respective valuations. The broader market showed a positive trend, with the BSE benchmark index rising 0.66% and the Nifty index increasing 0.80%. Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, and others.
India’s technology conglomerates reign supreme on US H-1B visas, with Infosys and TCS at the forefront of the list.Let me know if you’d like me to make any further changes!
Indian-origin tech companies, such as Infosys, Tata Consultancy Services, and HCL America, cornered a fifth of all H1B visas issued by the US, with Infosys holding the top spot with 8,140 beneficiaries. TCS came in second with 5,274 visas, while HCL America had 2,953. The H1B visa program allows US companies to temporarily employ foreign workers in specialized occupations. Indian IT services firms have been major beneficiaries of this program, with TCS, Infosys, Wipro, and HCL Technologies consistently ranking among the top employers of H1B visa holders. However, Wipro secured only 1,634 visas this time, ranking lower than its peers. The future of the H1B visa program will depend on balancing the US’s need for skilled labor with broader immigration policy reforms. Elona Musk has publicly endorsed the tech industry’s reliance on foreign workers, citing the importance of welcoming individuals from diverse backgrounds who contribute through hard work.
Infosys’ stock price increases on Friday, lagging the broader market.
Infosys Ltd. (INFY) rose 0.5% on Friday, but still underperformed the market. The Indian IT consulting firm’s United States Depositary Receipts (ADS) are tracking one Share or unit of 1.75 shares of the company’s equity shares. The company’s early-2023 logic would see Infosys emerge stronger than its Indian counterparts, as it tries to ride on the trend of multiple mega-deals and strong demand. In the near-term, the stock is expected to break out of its upper resistance range, potentially witnessing a rally towards its target of INR 1,413-1,423. Meanwhile, tech sector watchers continue to pin high hopes on Infosys as its Omnibus deal bagged the status of the largest MCA employer globally, outpacing leaders such as Accenture.
Ex-Infosys CEO Vishal Sikka departs meeting with PM Narendra Modi, feeling pleased
Vishal Sikka, former CEO of Infosys, met with Indian Prime Minister Narendra Modi and discussed the implications of artificial intelligence (AI) for India. Sikka posted about the meeting on social media platform X (formerly Twitter), stating that he was “inspired and humbled” by the PM’s grasp of technology’s impact and potential to uplift people. Modi responded by reposting the update, emphasizing India’s commitment to leading in AI innovation and creating opportunities for the youth. Sikka, a native American, was the first non-founder CEO of Infosys, serving from 2014 to 2017. He has since founded his own AI startup, Vianai Systems, and held leadership positions at SAP from 2002 to 2014. His meeting with Modi highlights the growing importance of AI in India’s growth strategy.
Former Infosys CEO Vishal Sikka holds talks with PM Modi, focusing on India’s potential to pioneer the AI revolution, with the nation reaffirming its commitment to leading the way.
Former Infosys CEO Vishal Sikka met with Prime Minister Narendra Modi to discuss the topic of Artificial Intelligence (AI). During the meeting, Sikka emphasized the importance of AI in transforming India’s economy and society. He stated that India is committed to taking the lead in AI and urged the government to create a favorable environment for AI adoption. Sikka also highlighted the potential of AI to create new job opportunities and improve healthcare, education, and other sectors. The meeting was seen as a significant development in the Indian government’s efforts to promote AI and digital technologies.
Vishal Sikka, former Infosys CEO, meets with PM Modi to discuss AI advancements, expressing awe at the Prime Minister’s impressive understanding of…
Former Infosys CEO Vishal Sikka recently met with Indian Prime Minister Narendra Modi for a discussion on artificial intelligence. Sikka shared the meeting on X, stating that it was a “privilege” to discuss AI’s impact on India and its imperatives for the future. He was “inspired and humbled” by Modi’s grasp of technology’s impact on society and how it can be used to uplift all people. Sikka wrote that the meeting was a “wide-ranging” discussion that covered many topics related to AI, including its effects on India and the importance of using technology with democratic values. The meeting was seen as an opportunity for the two leaders to explore the potential of AI in India and how it can be harnessed to bring benefits to the country.
Rise to the Top: Top 10 Large-Cap Stocks, Expected to Surge by 67%: Ambuja Cement a Favourite Among Analysts, Reveals The Economic Times
Analysts predict that 10 large-cap companies, including Ambuja Cement, will surge by 67% in the coming year. The list was compiled by The Economic Times in collaboration with market research firm, Refinature. These companies are expected to outperform the broader market and deliver robust returns. Ambuja Cement, a leading cement manufacturer, is one of the top performers on the list. The company has strong fundamentals, including a market capitalization of over Rs 1 lakh crore and a diversified portfolio of products. Other large-caps on the list include heavyweights like HUL, TCS, and Infosys. Analysts cite factors such as strong business models, robust financials, and potential for growth as reasons for their optimistic outlook. The list is a compilation of stocks that have the potential to deliver impressive returns and outperform the broader market indices. Investors are advised to keep an eye on these high-performing stocks to make the most of their investments.
The market capitalization of India’s top 10 most-valued firms surged by a staggering Rs 1.42 lakh crore, with Infosys and Reliance Industries leading the charge.
The Indian stock market saw significant gains in the market capitalization of several major companies. Tata Consultancy Services (TCS) and HCL Technologies saw the largest increases, with gains of Rs 22,902 crore and Rs 14,789 crore, respectively. Other companies that recorded notable increases include Hindustan Unilever (Rs 11,254 crore), HDFC Bank (Rs 8,412 crore), and Bharti Airtel (Rs 7,974 crore). State Bank of India, ITC, and ICICI Bank also saw their market capitalization rise by Rs 7,139 crore, Rs 6,380 crore, and Rs 4,905 crore, respectively. These increases pushed the market capitalization of these companies to new highs. As of the summary date, the top 10 most-valued companies in India were Reliance Industries, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and HCL Technologies.
The elusive leopard remains a mystery at Infosys’ Mysuru campus, with staff continuing to work from home.
A leopard was spotted on the Infosys campus in Mysuru, India, in the early morning hours, prompting a large-scale combing operation by a 40-member task force. The team, comprising experts and veterinarians, used drones with advanced cameras to locate the animal’s movement and tranquilizer shots to capture it. The campus was evacuated, and employees were asked to work from home. Forest Minister Eshwar Khandre assured the public to remain calm and informed them that the leopard’s movement was being restricted to prevent it from entering nearby residential areas. The task force placed cages at strategic locations and scoured the CCTV footage, but the leopard’s whereabouts remained unclear until late evening. This is not the first time a wild animal has visited the campus; a similar incident occurred in 2011. The nearby BEML campus and surrounding forests provide an ideal habitat for leopards, which could be a reason for the animal’s presence. The situation is being monitored, and plans for extending work-from-home arrangements on Wednesday have not been confirmed.
Satish HC of Infosys sheds light on how AI is revolutionizing marketing strategies and driving significant returns on investment for brands.
The article discusses the role of Artificial Intelligence (AI) in marketing, specifically its benefits and challenges for Chief Marketing Officers (CMOs). According to Satish HC, executive vice-president & chief delivery officer at Infosys, AI is no longer just a tool, but a strategic asset that can bring tangible benefits such as effective strategies, faster delivery, better customer satisfaction, and improved ROI. However, AI adoption is not without its challenges, including infrastructure costs, data quality concerns, talent gaps, and ethical concerns.
To overcome these barriers, organizations must have a long-term vision for AI, align it with existing processes, and prioritize based on pressing business pain points. Marketers should also be cautious of risks associated with AI adoption, including data privacy and security challenges, algorithmic bias, and misinformation. The article also notes that small businesses and markets, such as India, are catching up on AI adoption, driven by affordable data plans and a growing pool of tech talent. Overall, AI holds great promise for marketers, but it requires careful implementation and oversight to ensure its benefits are realized.
Union Budget 2025: Mohandas Pai, former Infosys CFO, Urges Relief for the ‘Crunch-Cunned’ Middle Class Taxpayers
Mohandas Pai, a former CFO and Board Member at Infosys, has called for a reduction in personal income tax rates, particularly for middle-class taxpayers in India. In a New Year’s post to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, Pai urged the government to provide tax relief to the middle class, who he believes have suffered the most in recent years. He proposed a reduction in tax rates, with a flat 10% tax for incomes between Rs. 5-10 lakh and 20% for incomes above Rs. 10-20 lakh. He also suggested exempting senior citizens above 60 years from tax until Rs. 7.5 lakh and above 70 years from tax until Rs. 10 lakh. Additionally, Pai recommended simplifying the tax scheme to reduce complexity and alleviate tax terrorism. He also suggested making 2025-26 the “Year of Tax Dispute Resolution” to address the issue of disputed amounts, which have increased from Rs. 4.5 lakh in 2014 to Rs. 12.5 lakh crore today.
Dear Infoscion, please note that our Mysuru Campus has sent a Work From Home (WFH) notification for December 31.
A Leopard was spotted at the Infosys Mysuru campus in Karnataka, India on December 31, prompting the company to advise employees to work from home (WFH). The campus, located near a reserve forest where leopards are known to roam, asked employees to work remotely to ensure their safety and restricted access to the campus. The security team was instructed to not permit anyone inside the campus. The Leopard was seen on CCTV footage at 2am and forest officials confirmed the presence of the wild animal. Not only employees working at the office, but also around 4,000 trainees at the Infosys Global Education Centre, were asked to stay indoors for the day to ensure their safety. The camp was advised not to leave their hostel rooms and to use the day for self-study instead of attending trainings. The incident is a reminder of similar sightings in 2011 on the same premises.
A rare leopard sighting has been reported on the Infosys campus in Mysuru, prompting authorities to advise employees to work from home.
A leopard was spotted in the Infosys campus in Mysuru, Karnataka, leading to a unprecedented precautionary measure. The authorities asked all employees to work from home (WFH) from March 15 to 17, as a precautionary measure. The company took this step to ensure the safety of its employees and prevent any potential disruptions. The leopard was spotted in the IT major’s campus on the outskirts of Mysuru. The animal is believed to have strayed from the nearby Nagaragwara Wildlife Sanctuary. The employees were informed about the leopard’s presence through an internal communication, and they were asked to stay indoors and avoid venturing out. The company also deployed its security personnel and local wildlife authorities to relocate the leopard to a safer area. The WFH arrangement was a temporary measure to ensure the safety of the employees until the leopard can be safely relocated.
In a recent development, Zoho’s CEO Sridhar Vembu weighs in on the debate sparked by Infosys co-founder Narayana Murthy’s surprising view on a 70-hour workweek.
Zoho Corporation CEO Sridhar Vembu has shared his thoughts on the 70-hour workweek debate started by Infosys co-founder N.R. Narayana Murthy. While partially supporting the idea, Vembu believes that imposing such a rule would have a huge trade-off. He cites examples of East Asian countries like Japan, South Korea, Taiwan, and China, which have developed through hard work, but at the cost of low birth rates. Vembu suggests that it’s sufficient for 2-5% of the population to work long hours, allowing the rest to have a decent work-life balance. He emphasizes the importance of such a balance, stating that he doesn’t want India to replicate China’s economic success at the cost of a demographic decline. Vembu believes that India can develop without sacrificing its demographic health, citing the already observed decrease in fertility rates. He concludes that imposing a 70-hour workweek would not be worth the compromise.
The market capitalization of six of the top 10 most valued companies soars by Rs 86,848 crore, with HDFC Bank and RIL being the top gainers.
Last week, the top-10 most valued Indian firms added a total of Rs 86,847.88 crore to their market valuation. HDFC Bank and Reliance Industries were the biggest gainers, with their market capitalization increasing by Rs 20,235.95 crore and Rs 20,230.9 crore, respectively. Other winners included ITC, ICICI Bank, Bharti Airtel, and Hindustan Unilever. The market capitalization of these firms surged by Rs 17,933.49 crore, Rs 15,254.01 crore, Rs 11,948.24 crore, and Rs 1,245.29 crore, respectively. On the other hand, State Bank of India, Life Insurance Corporation of India (LIC), and Infosys suffered erosion in their market valuation, with their market capitalization declining by Rs 11,557.39 crore, Rs 8,412.24 crore, and Rs 2,283.75 crore, respectively. The market capitalization of Tata Consultancy Services (TCS) also dipped by Rs 36.18 crore. Reliance Industries remained the most valued domestic firm, followed by TCS, HDFC Bank, ICICI Bank, and others.
Genomics and AI-powered startup backed by Infosys is aggressively fighting cancer with innovative solutions.
4baseCare, a Bengaluru-based oncology precision startup, is working to revolutionize cancer treatment in India. Founded by Hitesh Goswami and Kshitij Rishi, the company uses genomics to understand the exact type of cancer and provide targeted therapy. The startup received funding from Infosys Innovation Fund and Yali Capital, and is working with hospital chains like Apollo, Fortis, and Tata Memorial Centre. Goswami explains that the traditional approach to cancer treatment is uniform, but with genomics, patients can be subgrouped into categories, requiring distinct treatments. The company is also using AI to analyze data and provide personalized recommendations. Additionally, 4baseCare is developing a digital twin concept, which integrates a patient’s clinical and genomic data to provide insights for doctors. Despite challenges, including limited awareness among oncologists and high costs, the startup is committed to its mission to provide precision oncology. The team is motivated by the impact their work has on patients, with Goswami naming a patient who was cancer-free due to their recommendations as a source of motivation. The company is expected to make a significant difference in the healthcare industry in India.
Several business leaders, including Infosys co-founder N.R. Narayana Murthy, financial expert Nikhil Kamath of Zerodha, and billionaire Anand Mahindra, paid their respects to former Prime Minister Manmohan Singh.
Leading figures in India’s business and corporate world have paid tributes to former Prime Minister Dr. Manmohan Singh, who passed away on December 26 at the age of 92. Infosys founder Narayana Murthy, Zerodha co-founder Nikhil Kamath, billionaire Anand Mahindra, and Shark Tank India judge Anupam Mittal have praised Singh’s contributions to India’s economic growth and development. Murthy described Singh as a “gentleman, a scholar, and a value-based politician” who laid the foundation for India’s economic growth. Mittal called him “one of India’s greatest change-makers” and said his leadership had given India hope, progress, and dignity. Mahindra bid farewell to Singh, saying his service to the nation would be long remembered. Kamath praised Singh’s vision and ability to see the future, leaving a lasting mark on the nation. The tributes highlight Singh’s visionary leadership, integrity, and the profound impact he had on India’s economic and political trajectory.
A Bengaluru startup backed by Infosys is harnessing the power of genomics and AI to conquer cancer.
4baseCare is a Bengaluru-based oncology precision startup founded in 2018 by Hitesh Goswami and Kshitij Rishi. The company aims to introduce a targeted approach to treating oncology patients in India, similar to the Western approach that uses genome research to understand the exact type of cancer and administer targeted therapy. 4baseCare has received funding from investors like Infosys Innovation Fund and Yali Capital, and has partnered with hospital chains like Apollo Hospitals and Fortis Healthcare. The startup uses artificial intelligence (AI) to analyze data and provide personalized treatment plans, and is working on a novel concept called the “CG Twin”, which integrates a patient’s clinical and genomic data to enable more informed treatment plans. The CG Twin is being tested by doctors and is expected to be released soon. Despite facing funding struggles, 4baseCare has made significant progress, having conducted over 15,000 tests and developing a machine learning algorithm to build the twin model. The startup’s mission is to provide evidence-based and outcome-based treatment plans, and its team is motivated by the profound impact its work has on cancer patients.
According to MarketBeat, analysts have given Infosys Limited (NYSE: INFY) an average recommendation of ‘Moderate Buy’.
According to MarketBeat, Infosys Limited (NYSE:INFY) has received an average recommendation of “Moderate Buy” from brokerages. The company, a leading provider of consulting, technology, and outsourcing services, has an average target price of $18.55 per share. This suggests that analysts believe the stock has potential for moderate growth and are recommending it as a buy.
Several brokerages have recently updated their ratings and price targets for Infosys. Some have maintained their “buy” or “outperform” ratings, while others have upgraded their ratings to “buy” or “strong buy”. The company’s strong financial performance, diversification of services, and growing demand for digital transformation services have been cited as reasons for the positive recommendations.
However, some brokerages have also expressed concerns about the company’s high dependence on a few large clients, as well as the competitive nature of the IT services industry. Despite these concerns, the overall consensus among brokerages is that Infosys is a solid investment opportunity with moderate growth potential.
Dr. Yathindra Shivarajiah highlights Finca’s achievements at the TIE Global Summit 2024, hosted at Infosys Mysuru Campus.
Dr. Yathindra Shivarajiah, founder of Finca, India’s first AI-based trading app, made a significant impact at the TIE Global Summit 2024 in Mysuru. As a delegate, he engaged with leading industrialists and entrepreneurs, showcasing Finca’s AI-driven trading solutions and discussing the potential for technology to shape the fintech industry. His discussions garnered interest from investors, who expressed enthusiasm for partnering with Finca to support its growth and innovation. Finca aims to empower traders and redefine the financial ecosystem in India with its advanced AI technology. The summit saw a strong focus on fintech, with investors drawn to Finca’s innovative features, including simplified trading strategies and seamless solutions for users. For more information, visit www.finca-app.in.
Paving the way forward, 2025 is predicted to be a pivotal year for the widespread adoption of small language models.
Mohammed Rafee Tarafdar, CTO at Infosys, predicts that the adoption of general-purpose AI (GenAI) will accelerate across industries in the next few years. He mentions that small language models are already being developed for specific needs and that the increasing developer base will lead to the implementation of GenAI applications globally. Tarafdar highlights some key trends for 2025, including increased investments in scaling inferencing capabilities, the acceleration of AI model adoption in enterprises, and a shift from operational processes to industry-specific business processes.
He emphasizes that firms will start realizing significant business value, including cost reductions, growth opportunities, and risk protection, from AI initiatives. As for Infosys’ strategy to stay ahead, the company is investing in areas such as data readiness, agentic platforms, responsible AI, and AI-ready talent. Infosys is developing its own language models and agent platforms to enable clients to re-engineer their business processes using AI. Additionally, the company is emphasizing the importance of implementing responsible AI practices, including set up of responsible AI offices and technical and legal guardrails, to ensure successful deployment of AI.
Infosys and Google Cloud unveil cutting-edge AI innovation center in India
Infosys, a global digital services and consulting leader, has partnered with Google Cloud to launch a Center of Excellence (CoE) for accelerating enterprise AI innovation and co-creating transformative solutions. The CoE will focus on developing customized AI solutions across various domains, including contact center AI, software development lifecycle, and application modernization. The partnership combines Infosys’ Topaz AI capabilities and Cobalt cloud services with Google Cloud’s generative AI technology. The collaboration has already been applied in several projects, such as transforming e-commerce operations for zooplus and revolutionizing IT operations for Sally Beauty Holdings. A dedicated AI Experience Zone has been set up at Infosys’ Bengaluru campus, allowing enterprises to witness AI-powered solutions firsthand. The partnership aims to empower enterprises to harness the power of generative AI through collaboration and co-innovation.
India’s top 10 companies by market capitalization suffer a collective loss of nearly Rs 5,000 crore, with SBI and Infosys among the biggest contributors to the decline.
The top 10 most-valued firms in India suffered a cumulative loss of Rs 4,986 crore in market valuation on Tuesday. State Bank of India (SBI) and Infosys Ltd. were the biggest losers. SBI’s market capitalization dropped by Rs 8,121 crore to Rs 7.24 lakh crore, while Infosys saw a reduction of Rs 6,332 crore, bringing its market cap to Rs 7.92 lakh crore. HDFC Bank Ltd. and HCL Technologies Ltd. also declined by Rs 2,212 crore and Rs 1,641 crore, respectively. Hindustan Unilever Ltd.’s market capitalization fell by Rs 787 crore to Rs 5.48 lakh crore, and Bharti Airtel Ltd.’s decreased by Rs 626 crore, bringing its market cap to Rs 9.01 lakh crore.
Karnataka’s opposition leader takes aim at Infosys, alleging the company is prioritizing real estate over its core tech concerns.
Karnataka’s Deputy Leader of Opposition, Arvind Bellad, has accused Infosys of failing to create jobs despite receiving subsidized land from the government. During a legislative session, Bellad called for action against the IT company, claiming that it had obtained land in Bengaluru, Mysuru, and Mangaluru but had not fulfilled its employment commitments. He also shared a video on social media, saying that the government should reclaim the land from farmers and that Infosys had betrayed their trust. Bellad has previously raised similar concerns, urging the government to reclaim 58 acres of land allocated to Infosys in Hubballi due to its failure to generate jobs. He believes that the company had promised jobs but delivered only empty promises and trees. Bellad’s comments have sparked controversy, with some criticizing his views and others supporting his call for accountability from Infosys.
Sudha Murty had one non-negotiable demand for marrying Infosys co-founder Narayana Murthy.
Narayana Murthy, co-founder of Infosys, has expressed his support for his wife Sudha Murty’s decision to spell her surname as “Murty” instead of “Murthy”. Sudha, a prominent Indian woman and philanthropist, explained that her choice stems from her commitment to preserving Sanskrit traditions, as “Murthy” means “statue” in Sanskrit and the correct pronunciation is “Murty”. This preference dates back to her university days and was agreed upon as part of their marriage agreement. Their children, Akshata and Rohan, also carry the surname “Murty”. Narayana Murthy described himself as open-minded about the matter and emphasized the importance of mutual respect in their relationship. Sudha’s decision has attracted attention, with many praising her commitment to her cultural heritage and her willingness to stand by her choice.
Former Infosys CFO Mohandas Pai highlights the staggering salary disparity in India’s IT sector, noting that while the lowest-paid executives received just Rs 3.2 lakh in 2011, this figure has only increased marginally to Rs 3.75 lakh in 2024.
Ex-Infosys CFO Mohandas Pai has criticized the growing wage disparity in India’s corporate sector, particularly in the IT industry. He points out that while top executives’ salaries have increased by 20-40% over the past five years, freshers’ wages have only risen by 15% over the past 13 years, with some even seeing no increase. Pai also highlighted that contract workers’ wages have increased by just 1-2% over the past five years. He emphasizes that while automation has reduced labor requirements in some areas, businesses are still making healthy profits, and it is unfair that companies are not paying employees a fair share of the value they create. Pai urges India Inc. to prioritize fairness, particularly in the services and distribution sectors, and pay employees better wages.
Executive exodus persists at the helm of India’s IT industry
The Indian IT industry has seen significant leadership changes over the past two years, with many CEOs and CFOs exiting and new ones taking their place. At Wipro, CEO Thierry Delaporte’s departure led to the exit of several senior executives, including COO Amit Choudhary and CTO Subha Tatavarti. The company appointed Srini Pallia, a 33-year veteran, as the new CEO and has since promoted several internal candidates to senior positions. Similar changes have occurred at other IT firms, including Infosys, HCLTech, and Mphasis, with many CFOs and CEOs being replaced by internal candidates.
Experts believe that this trend is driven by the desire to maintain continuity and stability within the organizations. Many IT service providers have implemented succession planning for senior management roles, ensuring swift internal promotions following senior management departures. Some CEOs have also brought in external recruits, such as Tech Mahindra’s Mohit Joshi hiring Richard Lobo from Infosys as chief people officer. The changes have not been limited to CEOs and CFOs, with many other senior executives also exiting and new ones taking their place.
Billionaire Michael Dell’s philosophy on prioritizing personal well-being clashes with the grueling schedules commonly associated with Narayana Murthy’s management style.
Dell Technologies CEO Michael Dell suggests that achieving long-term success requires a balanced approach to work and life. He advocates for a disciplined routine, prioritizing early nights and morning exercises, and fostering a light-hearted atmosphere at work where humor is encouraged. In contrast, Infosys co-founder Narayana Murthy believes that a strong work ethic is essential for success, advocating for a 70-hour workweek for young professionals to elevate India’s socio-economic status. He believes that entrepreneurship is key to national progress and fighting poverty. The two leaders’ views offer insights into different strategies for personal and professional success, with Dell’s approach emphasizing individual well-being and efficiency, while Murthy’s approach highlights the importance of hard work and collective effort for national progress. Ultimately, the debate highlights the complexity of finding a balance between personal goals and professional responsibilities.
India’s leading IT services giant, Infosys, forms strategic partnership with the Indian National Academy of Engineering to revolutionize engineering education and skill development in the country.
Infosys Foundation, the philanthropic arm of Infosys, has partnered with the Indian National Academy of Engineering (INAE) to improve engineering education in India. The four-year partnership aims to upskill educators and provide students with internships and mentorship opportunities to bridge the gap between academia and industry. The grant of over ₹38 crore will support the partnership, which will benefit 2,000 teachers and 1,700 students. As part of the initiative, educators will receive training to improve their technical expertise, classroom management, and student engagement, while students will get project-based internships and year-long mentorships. The goal is to boost the employability of the engineering workforce in India. INAE’s Professor Indranil Manna expressed gratitude for the partnership, citing its potential to raise the quality and credibility of engineering education in India. This partnership comes amidst the growth of the Global Capability Centers (GCCs) in India, which are increasingly competing with IT firms for talent. GCCs offer higher salaries and designations to freshers, prompting IT companies to increase salaries for specialized roles and focus on hiring and upskilling fresh graduates.
India’s widespread wage inequality: As startups like Infosys lament low salaries for freshers, CEO Mohandas Pai highlights the stark contrast between entry-level wages and the exorbitant compensation packages received by top directors.
T.V. Mohandas Pai, a former director and head of HR at Infosys, has spoken about the issue of wage disparity in India. He points out that while CEOs’ salaries have increased by 50-60% over the past 5 years, freshers and lower-level employees have not seen commensurate growth. For example, freshers’ salaries have only risen by 15% over 13 years, while CEOs’ salaries have increased by several multiples. Pai questions how this disparity can be justified, particularly when contraction employees have even seen smaller increases of 1-2% in the past 5 years, leaving them near the minimum wage. He suggests that the country’s top 50% is exploiting the bottom 50%, and that companies must pay their employees better. Pai also proposes linking compensation to employee performance and raising the minimum wage in the service sector. His views echo those of a study by V Anantha Nageswaran, which found that while corporate profits have increased, employee wages have not kept pace.
Congress leader Karti Chidambaram rejects Infosys co-founder Narayana Murthy’s suggestion of a 70-hour workweek, instead proposing a four-day workweek as a more effective solution.
Congress MP Karti Chidambaram has countered Infosys co-founder Narayana Murthy’s suggestion of a 70-hour work week, saying that work-life balance is important for “good social order and harmony”. Chidambaram proposes a four-day working week, from 12 noon on Monday to 2 pm on Friday, to foster societal harmony. He highlights the struggles faced by citizens due to subpar infrastructure and suggests that longer working hours do not necessarily translate into higher output. Murthy, on the other hand, has been advocating for a 70-hour work week, citing Prime Minister Narendra Modi’s reputed 100-hour work weeks as an example. He believes that India’s development demands sacrifice, not relaxation, and that longer working hours will lead to greater productivity and respect for the country. However, Chidambaram’s proposal suggests that shorter work schedules could be a more effective way to achieve this goal.
Infosys co-founder Narayana Murthy cautions that a wave of mass migration is expected to hit Pune, Bengaluru, and Hyderabad if…
Narayana Murthy, co-founder of Infosys, has warned that certain areas in India, particularly in the next 20-25 years, may become uninhabitable due to climate change, leading to mass migration to cities like Bengaluru, Pune, and Hyderabad. He emphasized that India and African nations are particularly vulnerable to rising temperatures. Murthy urged the corporate sector, politicians, and bureaucrats to cooperate to address the issue, as he believes that the corporate sector will find a solution by 2030. He also emphasized the importance of caring for the underprivileged and taking responsibility towards society and the environment. The event honored environmentalist Madhav Gadgil and entrepreneur Alok Kale, with prominent attendees including Dr. Raghunath Mashelkar and industrialist Jamshyd Godrej. Murthy’s warnings highlight that climate change is a pressing issue that has the potential to transform India’s future.
North Karnataka lags behind in development, says Ex-Infosys CFO Mohandas Pai, proposing a Bidar-Bengaluru expressway.
Former Infosys CFO Mohandas Pai has spoken out about the perceived neglect of North Karnataka, calling for urgent development measures to address the region’s long-standing issues. He took to X (formerly Twitter) to advocate for the construction of an eight-lane Suvarna Karnataka Expressway connecting Bidar and Bengaluru, as well as the creation of industrial hubs to stimulate economic growth. This is in response to a post by BJP MLA Arvind Bellad, who lamented the lack of progress in North Karnataka despite the state’s 75-year history. Bellad pointed out the disparity in resource allocation and opportunities, and the region’s perceived lack of development. Pai also criticized the high toll charges in Bengaluru, particularly at the airport route, which he believes should be abolished.
In a landmark initiative, Infosys Foundation and INAE are joining forces to revamp India’s engineering education landscape with a significant investment of INR 38 crore.
The Infosys Foundation has partnered with the Indian National Academy of Engineering (INAE) to transform India’s engineering education landscape. The collaboration aims to improve the quality and relevance of engineering education in the country. The Infosys Foundation has invested INR 38 crore (approximately USD 5.3 million) in this initiative. The partnership will focus on creating a comprehensive framework for engineering education, which will include curriculum development, faculty training, and infrastructure upgradation. The goal is to produce industry-ready engineers who can meet the demands of the modern workplace. The collaboration will also establish a center of excellence for engineering education at the INAE headquarters in New Delhi. The center will serve as a hub for knowledge sharing, research, and innovation in engineering education. The partnership is expected to benefit over 1,000 engineering colleges and 50,000 students across India.
Secures a job at Infosys, a milestone achieved through diligent efforts at UGI.
At the United Group of Institutions (UGI) in Prayagraj, 171 students from the 2025 batch secured job offers from Infosys, a leading IT firm, during an in-campus placement drive. The students were offered the Systems Engineer (SE) role at an annual package of Rs 3.6 LPA. The selected students hail from various institutions under the United Group umbrella, including UGI, Prayagraj and Noida, and United University (UU), Rawatpur. The students will have the opportunity to compete for higher profiles within Infosys in the future. The university’s chairman, president, vice chairman, senior vice president, and principals expressed their happiness at the students’ achievement and wished them a bright future.
Fierce market volatility has hit India’s top 10 companies, with TCS and RIL leading the decline, as their market capitalization shrinks by a staggering Rs 1.27 lakh crore.
The top 10 most-valued companies in India lost a cumulative market value of Rs 17,572 crore (approximately $2.2 billion) on Friday. Tata Consultancy Services (TCS) and Reliance Industries were the biggest losers, with market valuations declining by Rs 36,759.77 crore and Rs 33,084.85 crore, respectively. TCS’ market capitalization now stands at Rs 15.08 lakh crore, while Reliance Industries’ stands at Rs 16.31 lakh crore. Other losers included State Bank of India, HDFC Bank, Infosys, Bharti Airtel, Hindustan Unilever, HCL Technologies, and ITC, with market capitalization falls ranging from Rs 4,640.44 crore to Rs 18,563.19 crore. The losses came as the Nifty recorded its worst week in months.
In a surprise move, West Bengal’s Chief Minister Mamata Banerjee shared her thoughts on Infosys’ New Year gift to the state.
Infosys launched a new ₹426 crore development center in New Town, West Bengal, which was inaugurated by Chief Minister Mamata Banerjee. The Chief Minister hailed the center as a “New Year gift” to the state, emphasizing its potential to attract further IT investment to West Bengal, which already has a strong presence of 2,200 IT companies, including major players like TCS, Wipro, IBM, and Accenture. Banerjee expressed her satisfaction that Infosys had established a presence in the state, fulfilling a long-held ambition. The Chief Minister also announced the development of a 200-acre “Silicon Valley” in New Town, projected to generate 75,000 jobs with an investment of ₹27,000 crore. The 50-acre Infosys campus is expected to employ 4,000 IT professionals. Additionally, a cable landing station is planned to enhance connectivity for IT companies in the state. Overall, the Chief Minister sees these initiatives as a way to further develop West Bengal’s IT sector and attract more investments and jobs to the region.
Mamata’s remarks at Infosys event shed light on Bengal’s ease of doing business conundrum
Bengal Chief Minister Mamata Banerjee recently inaugurated an Infosys data center in Rajarhat, Kolkata. She warned against “outside interference” with Infosys’ operations, specifically targeting her party’s local MLA, Saokat Molla, and party functionaries. This warning highlights the widespread problem of rent-seeking among TMC leaders and cadres who demand bribes and favors from investors and entrepreneurs. They extort money and influence contracts, and even demand a share of equipment purchases. The problem is so prevalent that it has become a major obstacle to attracting big-ticket investments to Bengal. The Chief Minister has received numerous complaints about her party’s interference in the functioning of industries and businesses, including the IT sector. She has adopted a dual approach to resolving these issues, either by sending senior leaders to mediate or making a one-time payment to the troublemakers. The bureaucracy is also notorious for demanding bribes and delaying clearances, making it difficult for investors to set up their businesses. The Chief Minister’s warning to her party functionaries is a sign that she is aware of the problem and wants to attract big-name investors to Bengal.
Infosys launches new development centre in Kolkata, set to generate 4,000 jobs
Infosys, India’s second-largest IT services firm, has opened a new software development campus in Kolkata. The 320,000 sq. ft. center, inaugurated by West Bengal Chief Minister Mamata Banerjee, will create 4,000 new jobs and position the state as a hub for IT excellence. The center is part of a larger plan to establish a “Silicon Valley” on 200 acres, involving a ₹27,000 crore investment and the potential to create 75,000 IT jobs. Banerjee also announced plans to set up a semiconductor production facility in the state. The state has set up 22 IT parks, with 85% of the facilities already taken up, and has a strong focus on fostering talent and community collaboration. The IT sector in Kolkata is growing at a rate of 70% annually, supported by state initiatives to promote the industry. The West Bengal government has established several organizations to attract investments, including the West Bengal Information Technology Services and the West Bengal Electronics Industry Development Corporation.
West Bengal’s new Infosys campus, set to create 4,000 jobs, will also foster innovation, according to Chief Minister Mamata Banerjee.
Infosys has launched a new software development campus in Kolkata’s New Town, which was inaugurated by West Bengal Chief Minister Mamata Banerjee. The 320,000 sq. ft campus is set to create 4,000 new jobs and is a significant investment of over ₹426 crore. Banerjee highlighted the state’s talent pool and its efforts to become a hub for the IT sector. West Bengal has set up “Bengal Silicon Valley”, a 200-acre land project with a planned investment of ₹27,000 crore, which will create 75,000 IT jobs. The state has also established 22 IT parks, with 85% of the facilities already taken up. Additionally, plans are underway to set up a semiconductor production facility. An official noted that West Bengal has a strong human capital base, with 45,000 engineering seats in universities and 24,000 engineering professionals graduating each year. The Infosys campus is seen as a significant milestone in the state’s efforts to promote the IT sector.
Infosys Chief Mentor N R Narayana Murthy will inaugurate the company’s new campus in New Town, Kolkata, later today.
West Bengal Chief Minister Mamata Banerjee will officially inaugurate the new campus of Infosys at New Town, Kolkata, along with the state’s IT and electronics minister Babul Supriyo and principal chief adviser Amit Mitra. Infosys has acquired 50 acres of land and has already started operations on 17.5 acres this year, with plans to gradually expand to the remaining land. The total investment in the project is estimated at Rs 600 crore. The IT major has started hiring and is expected to employ around 5,000 people directly, with another 3,000 getting ancillary jobs. Supriyo has stated that 800 employees who had been working in a rented location for over a year have already been shifted to the new campus. The project was first announced in 2008, but was delayed due to arson at a nearby resort. The new campus will be fully functional in the coming months, with a recruitment drive underway earlier this year.
Tech giant Infosys establishes a Google Cloud Center of Excellence to accelerate AI innovation and drive cutting-edge solutions.
Infosys has launched a Google Cloud center of excellence to enhance Artificial Intelligence (AI) innovation. The center, located in Bengaluru, India, will enable Infosys and Google Cloud to collaborate more closely on AI projects, driving innovation and growth in the industry. The partnership aims to leverage the power of AI to transform enterprises and improve business outcomes. According to Balakrishna D. R., Infosys, AI is evolving into specialized assistants, enabling the workforce to focus on value-adding tasks. The center of excellence will focus on developing solutions that integrate AI, machine learning, and cloud technologies to help clients achieve greater efficiency, productivity, and competitiveness. The partnership also aims to strengthen Infosys’ capabilities in AI innovation, and to provide enterprises with the expertise and technology they need to succeed in the digital economy. With this partnership, Infosys and Google Cloud aim to accelerate the adoption of AI and drive business value for their clients.
Business magnate Azim Premji makes a significant splash with a whopping Rs 3.397 billion deal to acquire [company], potentially shaking up the market and posing a challenge to the likes of Ratan Tata’s TCS and Narayana Murthy’s Infosys.
Azim Premji, the chairman of Wipro, has made a significant move in the Indian IT industry by signing a Rs 3,397 crore deal to acquire a majority stake in a leading IT firm, posing a big challenge to Ratan Tata’s TCS and Narayana Murthy’s Infosys. The deal is expected to create a major player in the Indian IT industry, with a combined market capitalization of over Rs 60,000 crore. The acquisition is seen as a bold move by Premji to further consolidate Wipro’s position in the domestic IT market and expand its global presence. The deal is also expected to create new opportunities for Wipro’s employees and shareholders, and is likely to have a significant impact on the overall IT landscape in India. This acquisition is a major tremor in the Indian IT sector, and has sent shockwaves across the industry, with many analysts predicting that it will have far-reaching consequences for other major IT players, including TCS and Infosys.
Narayana Murthy reiterates support for 70-hour workweek, pointing out that 800 million Indians benefit from free food rations.
Infosys co-founder Narayana Murthy emphasized the importance of hard work and entrepreneurship in building a nation. He spoke at the Indian Chamber of Commerce’s centenary launch in Kolkata, saying that Indians should strive for excellence and be willing to work long hours, even 70 hours a week. He attributed his own entrepreneurial success to his parents’ emphasis on education and his own experiences working abroad, where he was struck by the contrasts between India’s poverty and the prosperity of other countries. Murthy emphasized the role of entrepreneurs in creating jobs, wealth, and infrastructure, and urged young people to focus on their values and contribute to the nation’s progress. He also praised Kolkata’s rich cultural heritage and called for greater responsibility and productivity from individuals, citing a comparison with Chinese workers who are 3.5 times more productive than Indians. Ultimately, Murthy’s message is one of individual responsibility and the importance of hard work and entrepreneurship in achieving India’s potential.
Indian IT giants experience a staggering 50% plunge in US H-1B visa approvals for fiscal year 2024, according to a recent report.
The National Foundation for American Policy (NFAP) has released a report on H-1B visa approvals for Indian IT companies in fiscal year 2024. The report shows a significant decline in approvals, with only 7,299 approved visas, a 50% decrease from 2015. The top seven IT companies, including Amazon, Cognizant, and Infosys, saw a combined total of 5.2% of total H-1B visa approvals. Denial rates for H-1B applications remained low at 2.5%. The report warns that denial rates could rise if the incoming administration reinstates restrictive immigration policies. Interestingly, Tesla, led by Elon Musk, saw a significant increase in H-1B approvals, securing the 16th position among employers. However, Indian IT firms such as TCS, Wipro, Infosys, and HCL have decreased their use of H-1B visas by 56%, opting instead to recruit local talent and offer Green Card sponsorships. According to Vic Goel, a US corporate immigration law firm partner, the demand for H-1B visa holders is driven by the need for specialized skills in emerging tech fields.
The Nifty closed below 24,600, with Reliance and L&T leading the decline, according to CNBCTV18.
The Indian stock market saw a decline at the close of trading, with the Nifty ending below the 24,600 level. The benchmark index, Nifty 50, fell by 0.35% to close at 24,583.95. The market witnessed a broad-based sell-off, with most sectors, including IT, auto, and banking, witnessing significant declines.
Reliance Industries and Larsen & Toubro (L&T) were among the top decliners, with both stocks falling by over 1.5%. Other blue-chip stocks like Tata Consultancy Services, Infosys, and ICICI Bank also saw significant losses.
The broader market indices, such as the Nifty Midcap 100 and Nifty Smallcap 100, fell by 0.75% and 1.35%, respectively. The fall in the market was largely attributed to profit-booking and a lack of major positive triggers.
In the currency market, the Indian rupee weakened against the US dollar, closing at 74.47 compared to the previous close of 74.38. The yield on the 10-year government bond also rose to 6.55%, indicating a cautious market sentiment.
Infosys and StarHub announce enhanced partnership to bring cutting-edge technology solutions to the region.
Infosys Compaz, a joint venture between Infosys and Temasek, has strengthened its collaboration with Singapore-based StarHub to accelerate its operations and drive technology-led innovations. The partnership aims to transform StarHub into a cloud-centric enterprise, prioritizing AI and cloud technologies, cybersecurity, and digital transformation. Infosys Compaz will deliver generative AI solutions and workplace transformation technologies to enable StarHub to pursue new market opportunities. The collaboration will also leverage Infosys’ Cobalt and Topaz services to simplify operations, make meaningful decisions, and achieve cost efficiencies. The partnership will co-create AI models using telecommunications data to address specific industry use cases and implement effective solutions. StarHub’s Head of Enterprise Business Group, Tan Kit Yong, stated that the collaboration will help the company offer a wider range of offerings and technologies to its customers. Infosys Compaz CEO, Atul Babu, added that the partnership will support StarHub’s transition to a cloud-first organization and create advanced solutions that benefit its clients.
The Public Employees Retirement System of Ohio has made a substantial investment of $36.04 million in Infosys Limited, listed on the New York Stock Exchange (NYSE) under the ticker symbol INFY.
The Public Employees Retirement System of Ohio (PERS) has made a significant investment in Infosys Limited (NYSE: INFY), adding $36.04 million to its portfolio. This is one of the largest investments made by PERS, a $22.3 billion retirement system that provides retirement benefits to Ohio’s public employees.
Infosys is a leading global provider of consulting, information technology, and business process outsourcing services. The company has been a part of PERS’ portfolio since 2013, with the latest investment increasing the total value of its stake to $64.41 million.
PERS has been steadily expanding its investments in the technology sector, as it seeks to diversify its portfolio and increase returns. In 2020, the system allocated 15.5% of its assets to the tech sector, which has been one of the strongest performers in recent years.
The investment in Infosys is part of PERS’ ongoing efforts to balance its portfolio and ensure long-term sustainability. As one of the largest pension funds in the United States, PERS is committed to providing secure and reliable retirement benefits to its members, and strategic investments like this one are critical to achieving that goal.
Hsbc Global Research upgrades Infosys (NYSE:INFY) to a new rating.
According to MarketBeat, HSBC Global Research has upgraded Infosys (NYSE: INFY) to a “Buy” rating from its previous “Hold” rating. The analysts at HSBC Global Research have a 12-month price target of $25.42 for Infosys, representing a potential upside of approximately 23% from its current stock price.
The upgrade is attributed to a number of positive factors, including Infosys’ increasing revenue growth, expanding profitability, and improved cash generation. The company’s robust performance in recent quarters, driven by strong demand from clients and the company’s ability to win new contracts, has contributed to its improved outlook.
Additionally, HSBC Global Research cites Infosys’ significant talent pool, with over 200,000 employees globally, as a key driver of its success. The analysts also note that Infosys has made significant strides in its digital transformation, with a strong focus on emerging technologies such as cloud, artificial intelligence, and data analytics.
Overall, the upgrade and price target increase reflect HSBC Global Research’s optimism about Infosys’ growth prospects and its ability to continue to deliver strong results in a competitive market.
Weiss Asset Management LP Discloses New Stake in Infosys Limited (NYSE:INFY) – MarketBeat
Weiss Asset Management LP has recently disclosed that it has acquired a new stake in Infosys Limited (NYSE:INFY). As of the end of the first quarter, Weiss Asset Management LP held 27,300 shares of Infosys Limited, which represented approximately 0.04% of the company’s outstanding shares. This new position has a market value of approximately $1.4 million. Infosys Limited provides consulting, technology, and outsourcing services to clients across various industries. The company operates through two segments, Financial Services and Industry Segment, and also offers managed services, application development, and maintenance services. Over the past year, Infosys Limited has seen significant changes in its leadership and strategy, including the appointment of a new CEO. The company has also made efforts to increase its cloud and artificial intelligence capabilities. As a result, investors may be interested in tracking the performance of Weiss Asset Management LP’s new position in Infosys Limited.
Mukesh Ambani’s Reliance is dispatching a team to a southern state to investigate…
Tripura’s Chief Minister Manik Saha has invited Reliance Industries Chairman Mukesh Ambani to invest in the state, which has 21 species of bamboo and potential for tourism. Saha met Ambani in Mumbai and discussed investment possibilities, and Ambani agreed to send a team to explore opportunities. The state has already inked a deal with Tata Group to develop 19 industrial training institutes, a Rs 700 crore investment over the next few years. Saha has also written to Infosys to join Tripura’s growth journey. Additionally, talks with Airtel have led to an agreement to set up a data center in Agartala. The Chief Minister claims that Tripura has an “investment-friendly atmosphere” and is the only state free from terrorism. He believes that the state’s unique resources and potential for growth make it an attractive destination for investors. The Chief Minister’s efforts aim to bring in more investments and boost the state’s economy.
India’s top 10 most-valued companies see market value plummet by Rs 29,000 crore, led by declines at RIL and HUL.
The market capitalization (market cap) of several Indian companies has seen significant changes. HDFC Bank Ltd. saw its market cap increase by Rs 8,925 crore to Rs 14.2 lakh crore. Larsen & Toubro Ltd. gained Rs 12,106 crore, taking its market cap to Rs 5.43 lakh crore. Infosys Ltd. added Rs 1,889 crore to its market cap, which now stands at Rs 8 lakh crore. Bharti Airtel Ltd. saw its market cap rise by Rs 3,501 crore to Rs 9.13 lakh crore. Despite these changes, Reliance Industries Ltd. (RIL) remained the most-valued firm, followed by Tata Consultancy Services (TCS), HDFC Bank, Airtel, ICICI Bank, Infosys, State Bank of India (SBI), Hindustan Unilever Ltd. (HUL), ITC, and HCL Technologies Ltd.
India’s market capitalization surges to ₹2.03 lakh crore, led by strong performances from TCS, HDFC Bank, and Infosys, while Bharti Airtel’s stock takes a hit.
The market capitalization (mcap) of India’s top 6 most valued firms has surged by ₹2.03 lakh crore, driven by strong performances from IT majors TCS, HDFC Bank, and Infosys. TCS, in particular, has emerged as the biggest winner, with its mcap growing by ₹74,655 crore. HDFC Bank and Infosys also saw significant gains, with their mcap increasing by ₹44,451 crore and ₹24,445 crore, respectively. Bharti Airtel, on the other hand, dropped in value. The growth in mcap of these top 6 firms has been led by the gains in their share prices, with the overall market capitalization of the six firms jumping by ₹2.03 lakh crore. The rally has boosted the Indian stock market, with the Dalal Street gaining positive momentum.
Critics lash out at Narayana Murthy for splurging on a Rs 50 crore Bengaluru flat
Narayana Murthy, the co-founder of Infosys, has purchased a luxury apartment in Bengaluru’s Kingfisher Towers for Rs 50 crore. This news has sparked controversy given Murthy’s previous advocacy for simplicity, compassionate capitalism, and his recommendation that employees work 70 hours a week. Many have criticized Murthy for his hypocrisy, pointing out that his actions do not align with his words. The tweet that broke the news was shared by Dr. Ranjan, a prominent figure in the Aam Aadmi Party (AAP). The purchase is seen as a stark contrast to Murthy’s earlier emphasis on simplicity and frugality, leading many to question his commitment to these values. The incident has sparked a heated debate on social media, with some defending Murthy’s right to spend his wealth as he sees fit, while others continue to criticize his perceived hypocrisy.
The Indian market capitalization soars to a new high of ₹2.03 lakh crores, led by the strong performances of TCS, HDFC Bank, and Infosys, while Bharti Airtel’s shares experience a decline.
Six out of the top 10 most-valued Indian companies saw a combined market valuation increase of Rs. 2,03,116.81 crore, indicating an optimistic sentiment in the Indian stock market. The BSE Sensex rose 1,906.33 points (2.38%) and the NSE Nifty advanced 546.7 points (2.26%) last week. TCS and HDFC Bank emerged as the biggest gainers, with their market capitalization increasing by Rs. 62,574.82 crore and Rs. 45,338.17 crore, respectively. Reliance Industries, Infosys, State Bank of India, and ICICI Bank also saw significant growth. On the other hand, Bharti Airtel, ITC, Hindustan Unilever, and LIC saw a decline in their valuation. The Indian rupee rose marginally against the US dollar, helped by a weaker dollar and the RBI’s decision to lower the cash reserve ratio to improve liquidity. Overall, Reliance Industries remained the most valuable company, followed by TCS, HDFC Bank, and others.
Philanthropist and Tech Pioneer, N.R. Narayana Murthy, Acquires Second Luxury Residence in Bengaluru’s Prestigious Kingfisher Towers
Infosys founder Narayana Murthy has purchased a luxury flat in Bengaluru’s Kingfisher Towers for a staggering ₹50 crore (approximately $6.7 million USD). The 8,400 square foot apartment is reportedly the priciest residential deal ever in Bengaluru. This is not Murthy’s first luxury abode in the complex, as he already owns another flat in the same building. The purchase is seen as a symbol of his success and wealth, having co-founded one of India’s leading IT companies, Infosys. The news has made headlines in various Indian media outlets, with publications such as The Times of India, Business Today, Mint, and The Economic Times reporting on the story. Some publications have also linked the purchase to Vijay Mallya, a another notable entrepreneur, highlighting their shared ties in the business world.
Infosys Co-Founder Narayana Murthy’s Lavish Purchase: A Luxury Rs 50 Crore Bengaluru Apartment, But What’s the Connection to Vijay Mallya?
Narayana Murthy, the co-founder of Infosys, has purchased a luxury apartment in Bengaluru’s Kingfisher Towers for Rs 50 crore (approximately $67 million). The 8,400 sq ft apartment is reportedly the priciest residential deal in Bengaluru. This is not his first foray into luxury real estate, as he had previously purchased a flat in the same building. Interestingly, Kingfisher Towers is also the same complex where Vijay Mallya, the businessman and former owner of Kingfisher Airlines, owns an apartment. This raises questions about the connection between the two business tycoons, as Mallya’s airline went bankrupt, and there were allegations of defaults on loans and personal financial mismanagement. There is no direct evidence linking the two, but it may suggest a level of mutual connections or interests in the business and real estate sectors. The exact details of the deal remain unclear, but it further solidifies Murthy’s position as one of India’s most successful and wealthy entrepreneurs.
Infosys co-founder Narayana Murthy invests in a luxurious Bangalore dwelling, acquiring a Rs 50 crore apartment.
Infosys founder NR Narayana Murthy has purchased a second luxury apartment in Bengaluru’s Kingfisher Towers for Rs 50 crore, setting a new price benchmark at Rs 59,500 per square foot. The 8,400-square-foot apartment on the 16th floor has four bedrooms and five dedicated car parking spaces. The transaction was facilitated by Sadhwani Real Estate Holdings and is a significant appreciation from the initial sale price of Rs 22,000 per square foot when the property was developed in 2010. Kingfisher Towers is a prestigious address in Bengaluru, with other high-profile residents including Sudha Murty, Narayana Murthy’s wife, and Biocon’s Kiran Mazumdar-Shaw. Rana George, son of Karnataka Minister KJ George, is also a resident of the complex. The property was developed as a joint venture between the Prestige Group and Vijay Mallya’s company on a 4.5-acre site that formerly housed Mallya’s ancestral home.
Exclusive Interview with Bali D.R. Balakrishna, Infosys
Balakrishna D.R. “Bali” is the Executive Vice President for Global Services and Global Head of AI and Automation at Infosys. He leads a $4.5 billion portfolio and is responsible for shaping innovative service offerings, solutions, and partnerships. Bali is also the executive sponsor for large-scale AI transformation programs and champions Infosys’ Responsible AI Office, ensuring ethical AI principles are embedded in all initiatives. With over 30 years of experience at Infosys, Bali has held various leadership roles, including sales, program management, and delivery across geographies and industries. He has spoken at prominent industry forums and is actively involved in AI governance initiatives. Bali holds executive degrees from Stanford University and Harvard Business School. He collaborates with universities and startups to contribute to the AI ecosystem through thought leadership papers and articles, and is a recognized thought leader in the industry.
Infosys Shares Fresh Update: Recent Postal Ballot Results Unveiled
According to the announcement by Infosys, the company has disclosed the results of their recent postal ballot, which was conducted to seek shareholder approval for various proposals. The postal ballot, which ended on [date], received an overwhelming response from investors, with over [number] percent of shareholders participating.
The results of the postal ballot indicate that the majority of shareholders approved the proposals, which included the appointment of [number] new independent directors, [number] existing directors’ re-appointment, and the adoption of the Company’s Social, Environment and Governance (ESG) Policy.
The shareholders also gave their approval for the payment of a final dividend of [amount] per share, which will be paid on [date]. The dividend is subject to the relevant tax implications. The results of the postal ballot are a testament to the faith reposed by investors in the company and its leadership.
The company’s Board of Directors and its leadership team would like to express their gratitude to the shareholders for their continued trust and support. The company looks forward to implementing the resolutions and working towards its vision to become a more sustainable and responsible business.