HCL Tech's revenue grew 6.4 per cent to Rs 19,302 crore in the quarter under review, from Rs 18,135 crore in the year-ago period (as per US GAAP).
IT services major Infosys on Wednesday said it will purchase assets and onboard employees of Carter Digital, an Australian experience design agency.
Shares of Infosys gained over 2 per cent in early trade on Wednesday after the company said it has formed a long-term partnership with Daimler AG for a technology-driven IT infrastructure transformation. The stock jumped 2.31 per cent to its record high of Rs 1,249 on the BSE.
IT company Infosys on Monday said it will prefer a flexible "hybrid" work model going ahead in view of uncertainty around the pandemic situation and allow employees work from home or office depending on the condition.
Indian IT services firm Infosys and Rolls-Royce, an aerospace and defence technology major, on Wednesday announced signing a strategic partnership for sourcing engineering and R&D Services for the latter''s Civil Aerospace business. As part of the overall partnership, Rolls-Royce will "transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys", a statement said.
Infosys, which counts the US as its biggest market, said it is still early to comment on the approach the new US administration could take towards work visas but it expects to continue benefiting from its ongoing localisation efforts.
India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1.
Infosys had clocked a net profit of Rs 4,019 crore in the same period last fiscal, Infosys said in a regulatory filing.
Data shared by the Employees' Provident Fund Organisation (EPFO) has shown employees working with major IT companies have availed the maximum EPF advances. Following the coronavirus pandemic, EPFO offered members the opportunity to avail advance not exceeding three months’ basic wages and dearness allowances or up to 75% of the amount standing to the credit of their respective accounts.
Global software major Infosys on Thursday announced it has acquired US-based product design firm Kaleidoscope Innovation for $42 million (Rs 309 crore) to expand its engineering service offerings in medical devices, consumer and industrial markets across America.
The Indian IT sector has been struggling with high denial rates for H-1B visas. A study by an immigration think tank has revealed staggering numbers.
India's second-largest IT firm Infosys on Tuesday said it plans to hire 12,000 American workers over the next two years, taking its hiring commitment in the country to 25,000 over five years.
Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.
Shares of Infosys rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.
The country's second-largest IT services major Infosys on Wednesday reported a 12.4 per cent rise in consolidated net profit to Rs 4,272 crore for June 2020 quarter.
Infosys has brought back over 200 of its employees and their family members, who were stranded in the US due to the coronavirus pandemic and the lockdown.
Equity benchmark Sensex rallied 329 points on Friday, led by gains in Infosys, HDFC Bank, TCS and Reliance Industries amid positive cues from global markets.
There are concerns in the industry around budget cuts by clients and layoffs, as enterprises grapple with reduced earnings amid lockdowns across various parts of the globe.