
Infosys shares plunge 12% on weak Q4 earnings
The software services company's stock hit its 52-week low of ₹1,219 apiece on the BSE on Monday.
The software services company's stock hit its 52-week low of ₹1,219 apiece on the BSE on Monday.
The S&P Global India Services PMI Index remained in growth territory for the twentieth successive month.
Indian IT firms generate around 60-65% of its revenues from the US market and 20-25% from the European market.
Employment and retrenchment including lay-offs are a regular phenomenon in industrial establishments, says Minister of State for Labour & Employment Rameshwar Teli.
Salil Parekh is steering Infosys’ digital transformation agenda through a variety of Cloud offerings.
"We continue to close large, transformational deals and see rapid expansion in small and mid-sized deals as well," says CEO & managing director Thierry Delaporte.
The software services company clocked a 22.9% jump in consolidated revenues to ₹31,867 crore for the third quarter.
The growth will be spread across services sectors, with travel and tourism the only exceptions
Reverse migration owing to Covid making smaller cities attractive, claims study.
Companies have already doubled their budget allocations towards reskilling and upskilling programmes. The share of expenses for such projects will only go up from here on, say industry experts.