infosys

infosys has recently asked 195 more trainees to leave after they failed internal assessments, bringing the total number of affected trainees to over 800 since February. The company is offering support, including outplacement services and training programs.

infosys Innovation Fund has invested in Yali Capital, a Bengaluru-based VC fund, to expand its reach within India's deep tech ecosystem and co-create solutions for its customers. Yali Capital, which launched an Rs 810 crore India-focused deep tech fund, invests in areas like chip design, robotics, and AI.

A software engineer from Telangana, Rapa Sai Prashanth, secured a job at infosys by employing an imposter for the virtual interview. Suspicion arose due to discrepancies between his interview performance and on-the-job communication skills. infosys terminated his employment and filed a police complaint for cheating and impersonation after discovering the deception.

infosys is strengthening its capabilities by establishing a comprehensive GCC practice, appointing Deval Shah as its leader. This move aims to capitalize on the rapidly expanding GCC market, offering services like setting up new GCCs and scaling existing ones. infosys is already witnessing strong momentum with multiple deals, including a recent large win with an airline business.

infosys recently laid off 240 trainees due to their failure to meet internal assessment criteria, offering them transition assistance and outplacement services. As tech industry layoffs rise, companies are increasingly using outplacement firms to support retrenched employees amid digital transformation and workforce restructuring. This trend extends beyond IT, impacting sectors like pharma and food processing, reflecting broader economic challenges.

infosys recently terminated 240 entry-level employees after they failed to clear internal assessment tests, following a similar layoff of over 300 trainees in February. Despite additional preparation and multiple attempts, these System Engineers and Digital Specialist Engineers did not meet the required standards.

infosys is establishing a dedicated global capability centre (GCC) practice, led by Deval Shah, to capitalize on the expanding GCC market. The company aims to secure deals for setting up new GCCs and supporting existing ones. Cognizant and Wipro are also actively engaging with GCCs, recognizing their strategic importance and the opportunities for partnership in areas like engineering and operations.

infosys has recently fired 240 trainees after they failed internal assessment tests, following a similar layoff of over 300 trainees in February. The company is offering affected individuals free upskilling programs through NIIT and UpGrad, along with outplacement services. Trainees can opt for BPM industry training or IT fundamentals, with potential opportunities at infosys BPM Limited after completion.

Cognizant has urged a US court to dismiss infosys' antitrust counterclaims, asserting a lack of factual evidence supporting allegations of monopolization and anti-competitive practices. Cognizant argues that infosys' claims regarding inflated prices, restricted market entry, and predatory hiring are unsubstantiated and fail to meet the legal threshold for an antitrust case.

infosys projects a modest 0-3% revenue growth for 2025-26, citing macroeconomic uncertainties and cautious client spending. This marks one of the company's weakest forecasts in over a decade, excluding pandemic-related suspensions. While revenue growth fell short of projections in 2024-25, infosys retains its margin guidance of 20-22% amidst client discussions on cost efficiency.

LinkedIn's 2025 Top Companies list in India's tech and internet sector highlights Tata Consultancy Services as the leading employer, followed by Accenture and infosys. The rankings, derived from LinkedIn data, emphasize career progression factors like employee promotions, skill development, and internal mobility.

infosys reported an 11.7% year-on-year drop in net profit for the March quarter, landing at Rs 7,033 crore, despite surpassing its full-year revenue guidance. While annual revenue increased by 6.06% to Rs 1,62,990 crore, the company projects a revenue growth of 0-3% for FY26. The board has proposed a final dividend of Rs 22 per share.

Last week, six of India's top ten most valuable companies experienced a significant surge in their combined market valuation, totaling Rs 1,18,626.24 crore, driven by a broader market rally. TCS emerged as the top gainer, while Bharti Airtel saw the biggest drop in valuation. Reliance Industries retained its position as the most valued company.

Stock market today: Stock market indices Nifty and Sensex ended slightly higher in volatile trading on Tuesday, with investors showing caution over geopolitical tensions.

A software engineer in Telangana, Rapa Sai Prashanth, allegedly impersonated someone else to secure a job at infosys, mirroring a Tamil film plot. Suspicion arose due to communication skill discrepancies, leading to the discovery that someone else attended the virtual interview.

Apple has overtaken Samsung in global smartphone market share for Q1 2025, while TCS has become the second-largest IT services company. Samsung launched its Galaxy M56 5G in India, and infosys conducted another round of trainee layoffs.

Indian equities experienced a significant rebound last week, boosting the combined market capitalization of the top ten companies by Rs 3,84,004.73 crore. HDFC Bank and Bharti Airtel emerged as leading gainers amid positive market sentiment fueled by factors like deferred tariff hikes and hopes for trade negotiations. Reliance Industries retained its top position as India's most valued company.

Sridhar Vembu, Zoho CEO, shared his views on the current IT slowdown. He believes internal issues are the main cause. He does not blame US tariffs or AI. Vembu suggests the industry has become inefficient over time. He warns of a long period of change ahead. Vembu urges fresh thinking and challenging old assumptions for the future.

Investors are keenly awaiting corporate earnings from HCL Technologies, Axis Bank, and Maruti, alongside global tariff developments from the US, which are expected to influence market sentiment. FII inflows, driven by a weakening dollar, and India's strong growth outlook are providing support. However, potential negative surprises regarding US tariffs could introduce volatility.

Indian tech entrepreneurs and venture capitalists are increasingly investing in sports teams, viewing leagues as avenues for community building and brand development. This trend extends beyond traditional sports, with leaders backing teams in eCricket, pickleball, and volleyball. Unlike celebrity ownership, these founders bring an entrepreneurial approach, shaping leagues and fostering long-term growth.