Infosys

Top insurers have parked nearly a fourth of their AUM in the top 10 stocks, reveals an analysis by Nuvama Institutional Equities

The quantum of deal pipeline, nature of large deals, pace of decision-making and drivers of consolidation trend will also be closely tracked

Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile

Infosys on Wednesday said it has extended collaboration with data and analytics company LexisNexis to provide information services across their range of content, enterprise and product applications. Infosys will provide LexisNexis end-to-end strategic IT services across multiple business domains that include their global content systems, global business systems and product development, according to a statement. These services will provide application maintenance and support, application development and validation, life cycle upgrades, application modernisation, and content modernisation. As part of the collaboration, Infosys will also offer strategic consultancy for LexisNexis' downstream, discretionary and strategic spending. "Building further on its 15-year-long relationship, Infosys will help ensure continued delivery excellence while enabling LexisNexis to seamlessly meet expected cost optimisation goals and business outcomes," the statement said.

Infosys is taking these steps to minimise inter-city travel for its employees and provide them with greater flexibility

People working at these firms have witnessed their colleagues being shown the door. Many have left on their own or are looking for options

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. The market capitalisation (mcap) of Infosys tumbled by Rs 25,217.2 crore to Rs 5,72,687.97 crore. The valuation of State Bank of India fell Rs 21,062.08 crore to Rs 4,51,228.38 crore, and that of TCS tanked Rs 21,039.55 crore to Rs 11,42,154.59 crore. The mcap of Reliance Industries declined by Rs 13,226.53 crore to Rs 14,90,775.40 crore, and HDFC Bank dipped Rs 5,901.76 crore to Rs 8,71,416.33 crore. However, ICICI Bank added Rs 10,905.18 crore, taking its valuation to Rs 5,94,888.25 crore. The valuat

D Sundaram appointed lead independent director of IT services company

Following recent developments around bankruptcy of Silvergate, SVB and Signature Bank in the US and UBS-CS merger will likely lead to further curtailing of discretionary tech spends in the near term.

Indian IT players like TCS, Infosys, Wipro, HCL Technologies, Mphasis, and LTIMindtree have exposure to some of the troubled banks

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

Anguished candidates wrote on one of Govil's posts that the company should either start the onboarding process or communicate formally that Wipro would not be taking their candidature forward

In past two days, the stock was down 4% after the company on Saturday informed to the stock exchanges that Mohit Joshi, President of the company resigned effective from March 11, 2023.

Mohit Joshi has joined Tech Mahindra as its CEO and MD. Experts have said that the development is consequential given the macroeconomic circumstances

MOFSL believes that this is a positive for Tech Mahindra as it will help the company scale up its BFSI vertical, which has lagged peers in recent years.

Industry veteran T V Mohandas Pai has said startups which do almost all their business in India and have all their employees here should resist any pressure from large investors to domicile outside, as the former Infosys director and chairman of Aarin Capital cited key lessons to be drawn from the collapse of Silicon Valley Bank. Pai advised founders of India-centric startups "to be careful" and "not get carried away" by investors who force companies they fund, to domicile in the US and open bank accounts there as well. Pai said Silicon Valley Bank was a startup-friendly bank and its collapse is a "blow" to the startup ecosystem. "Just how big is the blow, is something that we have to watch from startup to startup, and founder to founder," Pai told PTI. He added that the exposure of Indian startup ecosystem to Silicon Valley Bank is not too high. Pai has a word of advice for entrepreneurs and founders -- startups whose businesses are centered around India and have very little to do

The board of directors has approved the appointment for a period of five years with effect from December 20, 2023 to December 19, 2028 (both days inclusive)

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According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has collaborated with mobility specialist ZF to revamp its multi-echelon supply chain with SAP Integrated Business Planning (SAP IBP) and Infosys Cobalt. Through this engagement with the aftermarket division of ZF, Infosys has implemented SAP IBP for demand planning and inventory optimization. Infosys was chosen to assist ZF on this transformation journey for its proven expertise in SAP IBP implementation and a plethora of in-house tools and accelerators, backed by efficient teams. As a part this initiative, Infosys leveraged its hybrid agile implementation methodology to replace multiple legacy demand planning tools at ZF Aftermarket, with a unified, global SAP platform. Further, by facilitating two-way flow of business-critical data between the new platform and external systems, Infosys has helped facilitate complex operations planning with .