For FY22 Infosys CEO Salil Parekh received a total remuneration of Rs 71.02 crore, up 43 per cent. This compensation included Rs 52.33 crore from restricted stock unit options.
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Parekh, the CEO & MD of Infosys since January 2018, has successfully led Infosys in the last 4 years
The deterioration of the US corporate sector profitability would lead to tighter IT spending
'We are working in augmented reality, virtual reality, and looking at how this can be applied on a manufacturing floor, and how it can be used for training to protect workers'
Salil Parekh has brought the company back to a healthy growth trajectory, improved employee morale and won the promoters' trust as well as investor confidence
In the past one month, the stock of information technology (IT) major has declined 14 per cent after operating performance missed estimates in March quarter (Q4FY22).
Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.
According to analysts, IT companies have lost their sheen after March quarter results highlighted slowdown in deal momentum, and margin pressure
The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.
India has become a battlefield for some global retail behemoths that are either shut out of China or are struggling to compete with local rivals there
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ICICI Prudential Life Insurance seems to be headed towards the 200-DMA, while Infosys and HDFC Bank need to be monitored closely over the next few trading sessions.
Shares of Infosys tanked 9 per cent to Rs 1,592.05 on the BSE in Monday's intra-day trade after the company reported a weak set of numbers for the quarter ended March 2022 (Q4FY22).
The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.
The Bengaluru-based IT major saw its revenue rise 23 per cent to Rs 32,276 crore in the recently concluded quarter, as against Rs 26,311 crore in the previous corresponding period
In terms of top line growth, Infosys was ahead of TCS, the country's largest software services firm
Though companies are saying they are managing supply side constraints by hiring more freshers and by subcontracting, exits is clearly impacting margins and profitability