The Nifty IT index slumped over 6 per cent after Accenture lowered its FY26 growth forecast and reported weaker bookings, triggering a broad-based sell-off in Indian technology stocks led by Infosys and TCS.
For more than two decades, India's information technology industry built something genuinely admirable: a world class services engine that became the back office of the global economy.
Parallel developments at Infosys Pune and TCS Nashik highlight rising scrutiny on workplace conduct in Maharashtra’s IT sector, with probes, denials and regulatory action unfolding simultaneously.
Indian equity benchmarks traded sharply higher on Friday, mirroring gains in global markets despite fresh geopolitical tensions and concerns over the closure of the Strait of Hormuz.
According to police, the incident occurred in the Shiv Vatika Township in Lasudiya area.
They have also demanded an apology from the magazine and warned of a befitting reply if it failed to do so.
Infosys will continue to concentrate on helping UCAS achieve its ambitious targets on lowering costs, optimizing, and enhancing services for students, delivering more robust security.
In July, the Union Finance Ministry asked the Institute of Chartered Accountants of India (ICAI) to constitute a seven-member task force to look into the technical issues facing the new Income Tax e-filing portal developed by Infosys.
In traded volume terms, 19.07 lakh shares were traded at the BSE and over 92.72 lakh units at the NSE during the day.
"The board will consider a proposal for buyback of fully paid-up equity shares at its meeting on April 14, 2021, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018," said the city-based company in a regulatory filing on the BSE.
