infosys

infosys CEO Salil Parekh believes AI will reshape India's IT pyramid model, creating more opportunities than job losses. The company is adapting hiring and training to integrate AI, seeing a $300 billion market. While the shift to a specialized talent structure will be gradual, infosys is encouraging AI token usage to drive client growth and efficiency.

Visakhapatnam is rapidly becoming a major IT hub, attracting global investments like infosys's new 7,000-seater campus. This growth is fueled by a strong local talent pool, with over 1,900 employees already at infosys and plans for more.

Brokerage views on infosys remain mixed, with analysts balancing near-term challenges against the company’s long-term positioning. They have expressed a measured outlook on infosys.

A Mysuru restaurateur was allegedly duped of over Rs 3 crore in a land deal scam. The accused, posing as an infosys executive, lured the victim into a purported bid for 53 acres of land. The victim transferred funds for a deposit and other transactions, only to discover the accused had a history of similar cheating cases.

Bengaluru-headquartered infosys has fallen out of India's top 10 most valued companies, now ranking 11th, while Tata Consultancy Services has dropped to sixth. These shifts have been attributed to artificial intelligence-driven disruptions impacting the business models of major Indian software exporters. The information technology sector saw significant sell-offs on Monday.

infosys’ total workforce stood at 3,28,594 at the end of Q4 FY26, reflecting a sequential decline of 8,440 employees from the previous quarter, but an increase of 5,016 compared to the year-ago period.

infosys faces investor pressure, with its market value dropping significantly despite strong March quarter results. A subdued FY27 revenue growth forecast and industry-wide shifts towards cost efficiency and AI-driven productivity are impacting its outlook. While AI presents new opportunities, it also pressures core business margins.

India's top IT firms are cutting jobs. This shift is driven by AI and changing client demands. Companies now prioritize outcomes over sheer employee numbers. The focus is on skilled workers who can leverage AI. This recalibration signals a new era for the IT sector, emphasizing efficiency and specialized talent.

Technology stocks bore the brunt of the selling. Shares of infosys, HCLTech, Tech Mahindra and Tata Consultancy Services fell between 2 per cent and 4 per cent after infosys’ fourth-quarter results failed to meet market expectations.

Kannada actor Daali Dhananjaya, who left a comfortable IT job for acting, is now backing the OTT show ‘Jerax’. He believes OTT platforms offer greater creative freedom than commercial cinema, allowing for deeper stories and fresh ideas.

Renowned for his strategic insight, Nitin Paranjpe has enjoyed a lucrative career spanning several decades at Unilever and HUL. Holding the title of non-executive chairman at HUL comes with board compensation, but his wealth is primarily a byproduct of his leadership in top executive positions and influential board roles over the years.

OpenAI is boosting its enterprise reach by partnering with major IT firms like Accenture and Cognizant. These collaborations aim to integrate OpenAI's Codex AI tools into software development. Codex assists with code generation, review, and reasoning. This move strengthens OpenAI's position amid growing AI competition. OpenAI is also launching Codex Labs to embed specialists within client organizations.

Former infosys CFO Mohandas Pai has voiced strong criticism regarding Mumbai's infrastructure, particularly the poor state of roads and civic works in Andheri. He described the situation as a "disaster driven by deep corruption," highlighting the stark contrast between world-class buildings and "third-class roads and footpaths." This comes amid ongoing large-scale infrastructure upgrades in the city.

infosys has formally responded to social media allegations of workplace harassment at its Pune BPM facility, stating a zero-tolerance policy and active internal investigations. This comes amid a separate, serious criminal probe into alleged harassment and forced religious conversion at TCS in Nashik, involving multiple arrests and ongoing investigations.

Indian markets concluded the week on a positive note, with the combined market value of the top ten companies surging by over Rs 1.87 lakh crore. Bharti Airtel emerged as the leading gainer, adding Rs 58,831 crore to its valuation. This uptrend was supported by easing geopolitical tensions and a positive risk sentiment.

Dalal Street eyes US-Iran conflict, crude oil, and corporate earnings for direction. HDFC Bank and ICICI Bank reported Q4 results, with the former warning of West Asia conflict risks. Analysts anticipate continued focus on geopolitical developments and their impact on global markets and capital flows.