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.
IT giant Infosys on Thursday reported a drop in headcount by 1,908 in the April-June quarter of the current fiscal (FY25).
IT giant Infosys has started functioning from its offices in New Town from Wednesday. This was announced by the state IT minister, Babul Supriyo. He has congratulated Infosys on the occasion and mentioned that it will fulfil the dream of Chief Minister Mamata Banerjee.
Reliance Industries, TCS and Infosys took the biggest hit in the league.
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
With the announcement of Q4 results on Thursday, Infosys has declared a final dividend of Rs 20 and a special dividend of Rs 8, i.e. a total dividend of Rs 28 to its shareholders.
