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The Latest Breaking News from Infosys

Sensex jumps 1,041 points as IT, realty stocks surge; Nifty settles above 16,650

NEW DELHI: Equity indices surged on Monday with the benchmark BSE sensex rising over 1,000 points amid firm cues from global markets.

The Times of India

Sensex jumps 632 points amid firm global trends; Nifty settles above 16,350

NEW DELHI: Equity indices extended gains for second straight session on Friday with the benchmark BSE sensex rising over 600 points tracking positive trend in global equities.

The Times of India

Salil Parekh reappointed as CEO and MD of Infosys for next five years

Mr. Parekh has more than thirty years of global experience in the IT services industry with a track record of driving digital transformation for enterprises

The Hindu

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Many instances of terror incidents in India involve educated youth: Defence Minister Rajnath Singh

Speaking at the convocation ceremony of Dr. D. Y. Patil Vidyapeeth in Pune, Defence Minister Rajnath Singh said the future of any country depends on its youth as they are its biggest strength and a catalyst and source of change

The Hindu

Rishi Sunak and wife hit rich list with £730m fortune amid cost-of-living crisis

Driven by Akshata Murty’s £690 million stake in Infosys, the Chancellor and his wife entered the Sunday Times list for the first time.

The Independent UK

Rishi Sunak and Akshata Murty make Sunday Times Rich List amid cost of living crisis

The pair ranked 222nd on the list with a combined fortune of £730million

Evening Standard

Rishi Sunak named in Sunday Times Rich List among record number of billionaires

RISHI Sunak and Akshata Murty have made the Sunday Times Rich List for the first time with their joint £730 million fortune as Russian…

The National (Scotland)

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'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

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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The Independent UK

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 Hindu

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

Daily Mirror

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

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The Times of India

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.

Wales Online

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

Benzinga

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.

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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