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The Latest Breaking News from Infosys

'Fantastic' that Rishi Sunak is on Sunday Times Rich List with £730m fortune, Dominic Raab says

The Chancellor and his wife’s finances have come under intense scrutiny in recent months

Manchester Evening News

Rishi Sunak and Akshata Murty make rich list with £730million fortune

It has been estimated Ms Murty’s non-dom status could have saved her £20 million in taxes

Wales Online

Rishi Sunak and Akshata Murty make Sunday Times Rich List with £730m fortune

Meanwhile, Roman Abramovich tumbled down the rankings after sanctions and the enforced sale of Chelsea football club hit his wealth.

The Independent UK

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Here's Why JP Morgan Downgraded Indian IT Sector To Underweight; Reiterated Overweight On Infosys

JP Morgan Chase & Co (NYSE: JPM) analysts said that soaring inflation, supply chain issues, and the Ukraine war would bring an end to the growth boom India's IT services industry enjoyed during the pandemic. The analysts downgraded the sector to "Underweight."

Benzinga

Rishi Sunak told to explain wife's alleged business links to Russia

RISHI Sunak has been told to urgently answer questions about his wife’s alleged business links to Russia.

The National (Scotland)

Labour demands answers from Rishi Sunak on Russian presence of company in which wife has £400m stake

Infosys promised to leave Moscow base after invasion of Ukraine

The Independent UK

Boris Johnson to hail Ukraine’s ‘finest hour’ in address to Kyiv parliament

PM to be first world leader to address parliament since war began, as his chancellor faces questions over Infosys

The Guardian - UK

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Labour demands explanation over Rishi Sunak’s wife’s £400m Infosys stake

The Indian IT giant is reportedly still operating in Moscow despite having said it would close its Russian operation.

The Independent UK

Technopark in Thiruvananthapuram celebrates employees returning to the office after two years

Companies at Technopark in Thiruvananthapuram organise programmes, contests and team outings to welcome back employees, who in turn are setting social media abuzz with ‘#back2office’ photographs and videos

The Hindu

Markets continue to fall for 2nd day; Sensex declines 85 points

Titan, Wipro, Tech Mahindra, Infosys, Maruti, Asian Paints, Larsen & Toubro, and SBI were among the major laggards, and NSE Nifty declining by 33.45 points or 0.20% to close at 17,069.10

The Hindu

Firm linked to Rishi Sunak's wife still operating in Russia weeks after vowing to leave

Infosys - in which Akshata Murty has a £400m stake - had said it was 'urgently' closing down its Moscow operation, but the Mirror has established the office remains open with dozens of senior analysts working there

Daily Mirror

Tech will transform retail industry; provide credit access to millions of retailers: Nandan Nilekani

MUMBAI: Technology is transforming the retail industry in the country which will provide credit access to millions of small retailers helping the market to grow, Infosys co-founder Nandan Nilekani said on Wednesday.

The Times of India

Rishi Sunak cleared of code breach allegations over wife's tax status

A separate ruling was given over allegations of conflicts of interest relating to the chancellor having a US permanent resident card

Wales Online

A Bearish Sign Appears On Infosys's Chart

If history is any guide, there may be trouble ahead for shares of Infosys (NYSE:INFY). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Benzinga

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The Times of India

Infosys shares continue to decline; tank nearly 4%

NEW DELHI: Shares of Infosys continued to decline on Tuesday and further tumbled nearly 4 per cent after the company's March quarter earnings report came in below expectations.

The Times of India

Sensex crashes 1,172 points; Nifty settles at 17,174: Top reasons for today's fall

NEW DELHI: Equity indices plunged on Monday with the benchmark BSE sensex falling over points dragged by IT and banking stocks.

The Times of India

Infosys to move business out of Russia over Ukraine war

NEW DELHI: IT services firm Infosys is all set to halt operations in Russia and move business to an alternate location amid the ongoing conflict with Ukraine.

Benzinga

Infosys Clocks 21% Revenue Growth in Q4 Backed By Digital, Cloud Capabilities

Infosys Ltd (NYSE:INFY) reported fourth-quarter FY22 revenue growth of 20.6% year-on-year to $4.28 billion (CC), missing the consensus of $4.29 billion. Q4 sequential growth was 1.2%. TCV of large deal wins was $2.3 billion. Digital revenue grew 38.8% Y/Y to $2.53 billion, while Core revenue stood at $1.75 billion. The operating margin contracted…

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The Times of India

Infosys Q4 net profit jumps 12% to Rs 5,686 crore; to move business out of Russia

NEW DELHI: Software services firm Infosys on Wednesday reported 12 per cent jump in its consolidated net profit for the fourth quarter (Q4) ended March 31, 2022.

Benzinga

Infosys's Earnings Outlook

Infosys (NYSE:INFY) is set to give its latest quarterly earnings report on Wednesday, 2022-04-13. Here's what investors need to know before the announcement. Analysts estimate that Infosys will report an earnings per share (EPS) of $0.19.

The Guardian - UK

Akshata Murty’s non-dom status is a choice not an obligation – tax experts

Like other UK non-doms Rishi Sunak’s wife had to apply for the tax status with HMRC, despite her statements

Benzinga

Infosys Earnings Conference Call Is Coming Up, Here's What You Need To Know

Infosys (NYSE:INFY) will host a conference call at 08:30 AM ET on April 13, 2022, to discuss Q4 2022 earnings results.

The Guardian - UK

Stock markets rally on Russia-Ukraine talks, oil prices dip – as it happened

Investors cheered by signs of progress in peace talks, while UK grocery inflation hits 11-year high amid cost of living crisis

The Times of India

Infosys may hire more than 55,000 freshers in FY23: CEO Salil Parekh

MUMBAI: Second-largest IT exporter Infosys may hire more than 55,000 fresh graduates from campuses in FY23 as it sees a very good runway for growth going forward, a top executive said on Wednesday.

The Times of India

Sensex drops over 220 points in early trade; Nifty slips below 17,500

MUMBAI: Equity benchmark sensex declined over 220 points in opening trade on Friday, tracking weakness in index heavyweights Wipro, TCS, Infosys and RIL amid a mixed trend in the global market.

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