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  • Infosys Technologies Limited Related news

Infosys Technologies Limited Related news

Narayana Murthy's 17-mth-old grandson earns ₹3.3 cr from Infosys dividends

Narayana Murthy's 17-mth-old grandson earns ₹3.3 cr from Infosys dividends

At just 17 months old, Ekagrah Rohan Murty, the grandson of Infosys co-founder Narayana Murthy, is already making headlines as one of India’s youngest millionaires. The toddler is set to receive ₹3.3 crore from Infosys’ final dividend payout for the financial year ending March 2025, reported Moneycontrol.

IT major Infosys approves Rs 51 crore ESOP grants for CEO Salil Parekh

IT major Infosys approves Rs 51 crore ESOP grants for CEO Salil Parekh

India's second largest IT company Infosys' board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh.

These stock incentives are under various heads including ESG and equity, and add up to over Rs 51 crore.

Infosys Q4FY25 results: PAT falls 12% to ₹7,033 cr, ₹22 dividend declared

Infosys Q4FY25 results: PAT falls 12% to ₹7,033 cr, ₹22 dividend declared

Information technology (IT) giant Infosys on Thursday reported 12 per cent year-on-year (Y-o-Y) fall in consolidated net profit at ₹7,033 crore for the December to March quarter for the financial year 2024-25 (Q4FY25).

Revenue for the March quarter was up 7.9 per cent Y-o-Y to ₹40,92 crore, the Salil Parekh-led company said in a regulatory filing to the exchanges.

Infosys Q2 results: Net profit rises 4.7% to Rs 6,506 cr, revenue up 5%

Infosys Q2 results: Net profit rises 4.7% to Rs 6,506 cr, revenue up 5%

Infosys, India’s second-largest software exporter by revenue, raised its revenue guidance for the financial year 2024-25 (FY25) to 3.75-4.5 per cent, up from the 3-4 per cent guided in Q1 FY25.

With Infosys revising its revenue guidance upwards, it signals better spending from clients. This is the second upward guidance from the company in this financial year. Compared to the other two large-cap players—Tata Consultancy Services (TCS) and HCLTech—Infosys appears to have a better performance metric.

Cognizant files lawsuit against Infosys over trade secrets; Infy denies

Cognizant files lawsuit against Infosys over trade secrets; Infy denies

IT major Cognizant's subsidiary TriZetto has slapped a lawsuit on Infosys in a US federal court, accusing the Bengaluru-headquartered company of stealing trade secrets and information related to healthcare insurance software.

Infosys, in a statement, denied all allegations. The company asserted it is aware of the lawsuit and will defend its position in the court.

Govt to not give any relaxation in its Rs 32,000 cr GST demand on Infosys

Govt to not give any relaxation in its Rs 32,000 cr GST demand on Infosys

The Indian government is not considering any relaxation in the tax demand it sent to Infosys last month, according to a government source.

The tax demand is in accordance to the good and services tax rules and the country's second-largest IT services firm has sought ten days to submit its response after meeting tax officials, the source said.

Infosys signs $2 bn deal to provide AI, automation services over 5 yrs

Infosys signs $2 bn deal to provide AI, automation services over 5 yrs

India's second-largest software services exporter Infosys said on Monday it has signed a deal with an existing client to provide artificial intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion.

AI and automation-related development, modernization and maintenance services are included in the agreement, the company said in an exchange filing.

Five of top 10-firms lose Rs 86,447 cr in m-cap; Infosys, TCS, SBI hit hard

Five of top 10-firms lose Rs 86,447 cr in m-cap; Infosys, TCS, SBI hit hard

Five of the top 10 most valued firms together lost Rs 86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit.

Last week, the BSE benchmark fell 462.8 points or 0.79 per cent.

While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC and Bharti Airtel posted gains.

TCS, Infosys have highest exposure to US regional banks: JPMorgan

TCS, Infosys have highest exposure to US regional banks: JPMorgan

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday.

Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the exposure to the recently collapsed Silicon Valley Bank could be 10-20 basis points for TCS, Infosys and smaller rival LTIMindtree, with the Tata group company in the lead.

Infosys m-cap surpasses Rs 7 trillion-mark as stock hits new high

Infosys m-cap surpasses Rs 7 trillion-mark as stock hits new high

Infosys on Tuesday joined the elite club of companies with Rs 7-trillion market capitalization (m-cap) on the BSE after its share price hit a new high of Rs 1,646.40 in the intra-day deals.

The stock of the information technology (IT) consulting & services company has outperformed the market in the past two weeks, by gaining 7 per cent, after Infosys raised its revenue growth guidance for financial year 2021-22 (FY22) buoyed by a robust deal pipeline. In comparison, the S&P BSE Sensex was up 1.5 per cent during the same period.

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