infosys

IT giant infosys has taken a US court route to recover dues. The company is seeking confirmation of a $5 million arbitration award against US investment firm 777 Partners. This award is for unpaid consulting services rendered by infosys. The dispute resolution process involved the American Arbitration Association.

infosys CEO Salil Parekh believes AI will reshape India's IT pyramid model, creating more opportunities than job losses. The company is adapting hiring and training to integrate AI, seeing a $300 billion market. While the shift to a specialized talent structure will be gradual, infosys is encouraging AI token usage to drive client growth and efficiency.

Visakhapatnam is rapidly becoming a major IT hub, attracting global investments like infosys's new 7,000-seater campus. This growth is fueled by a strong local talent pool, with over 1,900 employees already at infosys and plans for more.

Chandigarh Consumer Commission penalised EPFO Rs 50,000 for a decade-long delay in transferring provident fund. Software glitches were dismissed as an excuse for the significant lapse. The commission found EPFO guilty of deficiency in service and unfair trade practice, ordering compensation for the employee's prolonged wait for his PF funds.

Bengaluru-headquartered infosys has fallen out of India's top 10 most valued companies, now ranking 11th, while Tata Consultancy Services has dropped to sixth. These shifts have been attributed to artificial intelligence-driven disruptions impacting the business models of major Indian software exporters. The information technology sector saw significant sell-offs on Monday.

A Mysuru restaurateur was allegedly duped of over Rs 3 crore in a land deal scam. The accused, posing as an infosys executive, lured the victim into a purported bid for 53 acres of land. The victim transferred funds for a deposit and other transactions, only to discover the accused had a history of similar cheating cases.

Brokerage views on infosys remain mixed, with analysts balancing near-term challenges against the company’s long-term positioning. They have expressed a measured outlook on infosys.

infosys faces investor pressure, with its market value dropping significantly despite strong March quarter results. A subdued FY27 revenue growth forecast and industry-wide shifts towards cost efficiency and AI-driven productivity are impacting its outlook. While AI presents new opportunities, it also pressures core business margins.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

infosys’ total workforce stood at 3,28,594 at the end of Q4 FY26, reflecting a sequential decline of 8,440 employees from the previous quarter, but an increase of 5,016 compared to the year-ago period.

Indian equity benchmarks, Sensex and Nifty, extended their losses for a fourth consecutive session, plunging nearly 2% on Tuesday. Rising crude oil prices, sustained foreign fund outflows, and escalating West Asia conflict uncertainty contributed to the broad-based selloff, impacting IT, realty, and consumer durable stocks.

Kannada actor Daali Dhananjaya, who left a comfortable IT job for acting, is now backing the OTT show ‘Jerax’. He believes OTT platforms offer greater creative freedom than commercial cinema, allowing for deeper stories and fresh ideas.