The data compiled by the BS Research Bureau shows that never before have all four firms seen a fall in staff count, at least not for a decade, despite several business cycles.
The workforce of LANXESS would be supported by a multilingual artificial intelligence-powered service desk operating from Europe and India, Infosys said
He was the last founder chairman in the Indian IT services industry to step down.
Pandemic impact bottomed out in Q1, second half likely to see better growth
The company is undertaking similar steps for its employees in the UK and Australia
M&M, Nestle India, IndusInd Bank, Kotak Bank, HCL Tech, Bajaj Finance and Axis Bank were the other gainers, spurting up to 3.81 per cent
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Infosys' profit before tax (PBT) stood at Rs 5,792 crore, up 12 per cent year-on-year (YoY).
While the company's revenue grew by 8.5 per cent year-on-year to Rs 23,665 crore, its profit before tax (pre-tax profit) was up by 12.1 per cent year-on-year
Becomes first domestic company to provide revenue and profitability guidance, indicating confidence of better days ahead
Infosys' revenue for the quarter under review stood at Rs 23,665 crore, up 8.5 per cent YoY.
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Reliance Industries, Larsen & Toubro Infotech and Dr Lal Pathlabs from S&P BSE500 index hit record highs today.
In its result announcement on Tuesday, Wipro said some of its verticals have started witnessing green shoots.
All Vanguard staff currently performing relevant roles will be offered comparable positions at Infosys in close proximity to Vanguard's offices in Malvern, Charlotte, and Scottsdale
The fall in EBIT margin could be limited due to the benefit from rupee depreciation, cut in travel costs, and optimisation on variable costs, according to analysts.
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Performance review likely to see some retrenchments
Speaking on the learnings from the pandemic, Nilekani said, organisations would emerge more agile and resilient from the crisis
Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.