Page 36 - Infosys

IT industry is resilient and will emerge stronger, says U B Pravin Rao

The immediate priority is navigating through the Covid-19 situation and ensuring business continuity"

India may get $1.3-bn passive flow; MSCI EM weight may rise: Morgan Stanley

In October, the Indian government had issued a circular raising statutory FPI limit of Indian companies to the sectoral foreign investment limit

Infosys COO Pravin Rao is Nasscom chief, Accenture's Rekha Menon vice chair

Rao was the Vice Chairman in the previous year, and succeeds Keshav Murugesh, Group CEO, WNS Global Services

Investors need to double down on existing investments: Kris Gopalakrishnan

Some start-ups are also considering salary cuts, especially at the senior levels, says Gopalakrishnan

Coronavirus impact: Revenues of IT companies may take a big hit in FY21

Dollar revenues likely to fall by up to 300 bps

Stock recommendations from HDFC Securities: Buy Hindustan Unilever, Infosys

Nifty has never been able to close above its 5-day EMA since February 19, 2020

Clean chit for Infosys from US SEC on whistleblower case, stocks gain 16%

In an exchange filing, the company said that the US regulator has concluded the investigation

Whistleblower case: SEC concludes probe; no action expected, says Infosys

In October last year, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management

Coronavirus scare: IT services firms draw business exigency plans

With uncertainties around growth outlook, most companies are likely to go slow on their payback plans to shareholders

Scrap LTCG, tax on buybacks, dividends: What Street wants amid market gloom

Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks

How coronavirus is turning Bengaluru technology hub into a ghost town

The bustling campuses of IT majors like Infosys and Wipro are deserted as thousands of their techies are missing in action since Monday

Mindtree, Tech Mahindra: IT stocks that should be on your watchlist

Mindtree will see an upside bias once it breaks out above Rs 920 levels

Investor wealth tumbles Rs 9.74 trillion in two days as markets plunge

In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.

Market Wrap, March 17: Sensex slips 811 pts, Nifty ends at 3-yr low

ICICI Bank (down 9 per cent) being the biggest loser and Hindustan Unilever (HUL) -- up around 3.5 per cent -- the biggest gainer

Infosys evacuates Bengaluru building amid COVID-19 scare among employees

This was following reports of its employee coming in contact with a suspected coronavirus patient

Coronavirus impact: Infosys revenue growth likely to decline in FY21

However, the IT services firm is better-placed to handle the slowdown arising from COVID-19.

FinMin flags 17 'areas of dissatisfaction' with Infosys-designed GSTN

Infosys, which in 2015 won the contract for managing backend for GST Network (GSTN), has drawn flak from the ministry over the tech glitches, some of them have been unresolved for almost two years.

HCL Technologies, Tech Mahindra may withstand coronavirus impact

Impact likely to be higher for Infosys and TCS who have higher dependency on discretionary spend, say experts

GST portal glitches to dominate agenda of Council meeting on Saturday

States may ask Infosys to have a point of contact; IT firm chairman Nilekani to a presentation on Saturday

Govt gives Infosys 15 days to submit plan to quickly fix glitches in GSTN

It was also decided to ask Infosys Chairman Nandan Nilekani to make an urgent presentation before the GST Council on March 14