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Infosys

Major US Banks Boost Investment in Indian IT Sector

In Short:In late 2023, US banks began recovering from a crisis, benefiting Indian IT firms like TCS and Infosys, which saw rising revenues from...

Q2 Earnings Preview: Infosys Forecasts Strong Revenue Growth, Possible Guidance Increase

In Short:Infosys will report its Q2 FY25 earnings on October 17, with expectations of strong revenue growth between ₹40,584 - 41,230 crore, up from...

Infosys to Invest ₹17 Crore in SpaceTech Startup GalaxEye

In Short:Infosys is investing up to ₹17 crore (around $2 million) in GalaxEye Space Solutions, a Bengaluru-based SpaceTech start-up. This investment, expected by September...

Infosys and Proximus Group Form Strategic Alliance to Explore CPaaS Opportunities

In Short:Infosys, an Indian IT firm, has partnered with Belgium's Proximus Group to explore business opportunities in communication services and digital identity. They aim...

Recruiters Seek New Opportunities as Hiring Surge Comes to a Halt

In Short:The recruitment industry is facing a cooling job market after a post-pandemic hiring surge. Companies are cutting costs by hiring internally, renegotiating fees,...

Infosys Employees Kick Off Fiscal Year with 80% Bonus Payout

In Short:Infosys has announced an average bonus payout of 80% for eligible employees for Q1 of fiscal 2024-25, up from 60% previously. This increase...

Infosys penalized by Texas Comptroller for failure to pay sales tax

In Short:Infosys, a big IT company, was fined $3,142.02 by Texas for not paying sales tax. This happened in April 2024. The penalty was...

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