Infosys Ltd. ADR (INFY) News
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INFY News Highlights
- INFY's 30 day story count now stands at 12.
- Over the past 22 days, the trend for INFY's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- The most mentioned tickers in articles about INFY are LKQ, BASE and MSCI.
Latest INFY News From Around the Web
Below are the latest news stories about INFOSYS LTD that investors may wish to consider to help them evaluate INFY as an investment opportunity.
Infosys (INFY) Falls After $1.5B Global AI Deal TerminationInfosys (INFY) loses a multi-year mega contract worth $1.5 billion, which required it to provide an array of upgraded digital experiences and operational services based on its platforms and AI solutions. |
India's Infosys falls after $1.5 billion AI deal terminationShares of Infosys fell as much as 2.6% on Tuesday after the company said that an unnamed global company, which had signed a $1.5 billion deal focused on artificial intelligence solutions, decided to terminate its Memorandum of Understanding (MoU) with the IT giant. Infosys said it had plans to enhance digital experiences and provide business operation services, utilizing the company's platforms and artificial intelligence (AI) solutions. |
Infosys (INFY) to Lead LKQ Europe's System TransformationInfosys (INFY) partners with LKQ Europe, aiming to support the latter's business transformation related to information technology over the next five years. |
Infosys to Harmonize the Systems of LKQ EuropeInfosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a 5-year collaboration with LKQ Europe, one of the leading distributors of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe. Following multiple strategic acquisitions, LKQ has envisioned a corporate program that entails harmonizing business processes, improving product availability, and enabling faster delivery to end custome |
India's $245 billion IT sector swallows tougher terms amid scramble for contractsIndia's information technology firms are accepting tougher contract terms to win large deals from clients as they compete for fewer orders in an uncertain global economy, industry insiders and analysts say. The $245-billion sector, which gained immensely from the pandemic-induced boom in digital services, has struggled in recent quarters as clients slashed spending on discretionary projects amid inflationary pressures and recession fears. That is forcing companies including Tata Consultancy Services, Infosys and HCLTech to accept contract conditions such as guaranteeing minimum cost savings, billing the client only if certain goals are achieved and reviewing cost overruns. |
AI can create more jobs than it potentially eliminates: Tech Mahindra's outgoing CEOGenerative AI technology can create more jobs than it is expected to eliminate, Tech Mahindra's outgoing CEO said, even as its ability to wreck the job market has been discussed widely on social media sites. While some top industry executives have discussed the potential loss of around a third of jobs due to the impact of the technology, Gurnani, one of the longest-serving CEOs in the $245-billion Indian information technology sector, insisted that skilled people will not be replaced. Estimates on job losses due to generative AI vary. |
3 Emerging Market Stocks to Ride the Next Bull RunEmerging market stocks stand to gain most as the Fed softens its outlook, representing an ideal time to diversify geographically. |
20 Developed Countries in AsiaIn this article, we will look into the 20 developed countries in Asia. If you want to skip our detailed analysis, you can go directly to the 5 Developed Countries in Asia. Asia’s Economic Outlook Asia is a diverse region with some of its countries showing great economic potential. However, Asian countries must invest in […] |
India's Infosys CFO Nilanjan Roy resigns, Jayesh Sanghrajka to succeedBENGALURU (Reuters) -India's No. 2 IT services provider Infosys said on Monday Nilanjan Roy has resigned as its finance chief and would be succeeded by insider Jayesh Sanghrajka. Roy, who joined Infosys from Bharti Airtel and has been its chief financial officer since March 2019, decided to step down to pursue his "personal aspirations" outside of the company, the software services exporter said in a statement. Sanghrajka, whose appointment is effective April 1, 2024, has spent more than 18 years at the company in two stints and has been the deputy CFO of Infosys Group since 2015. |
Infosys' (INFY) Topaz Accelerates Spotlight's Customer GrowthBuilt on Infosys' (INFY) AI-first offering, Topaz, Spotlight Retail's new omnichannel platform leads to growth of 113% in the retailer's customer base and 93% in transaction volumes in the past 12 months. |