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.
Tech major Infosys on Tuesday launched Topaz -- an AI-first set of services, solutions and platforms using generative AI technologies to empower global firms, the company announced.
The company’s board has selected D Sundaram to take over as the lead independent director of the company in her place.
Software giant Infosys on Friday declared an interim dividend of Rs 16.50 per equity share for shareholders for the year 2022-23, while Akshata Murthy, wife of UK Prime Minister Rishi Sunak, will get a dividend of Rs 64.27 crore.
Software giant Infosys softening its stand on moonlighting has allowed its staffers to take up external work with prior permission, sources stated on Friday. The company has intimated to the employees its new policy through email.
The 30 stock S&P BSE Sensex closed 684.64 points or 1.20 per cent higher at 57,919.97 points against its previous day's close at 57,235.33 points. Earlier, the Sensex started the day sharply higher at 58,162.74 points and surged to a high of 58,435.12 points in the intra-day. The Sensex pared part of the gains due to profit-taking in the last hour of the trade. It touched a low of 57,848.23 points in the intra-day.
