Parekh said that as the situation improves, the company is 'extremely comfortable that we will emerge stronger'
Q4 results also indicate the quantum of pain Infosys is witnessing due to the Covid-19 pandemic
All that happened in the markets today
Trump talked about suspending immigration visas, and the H-1B visa, which is more popular among Indian IT professionals, is a non-immigrant visa
Tata Consultancy Services (TCS), Infosys, Tech Mahindra, Wipro, HCL Technologies, Hexaware Technologies, NIIT Technologies and Mindtree were down 1 per cent to 5 per cent on the NSE in intra-day trade
Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings
Here's a selection of Business Standard opinion pieces of the day
Plans to make 35,000 jobs offers this year, including fresher and laterals, says won't layoff staff owing to Covid-19 business
Firm suspends guidance because of pressure in key geographies
Company abstains from giving annual revenue projections owing to COVID-19 uncertainties, appoints new board member
Today, IT giant Infosys is scheduled to come out with its Q4 numbers and analysts are penciling in a 1 per cent QoQ hit in its revenue growth in constant currency terms for the quarter
"We expect revenues to grow 0.2 per cent quarter-on-quarter (QoQ) in constant currency terms (presuming 1 per cent hit due to Covid-19), said ICICI Securities.
TCS and Wipro have already said they will hold back increments; other companies are likely to follow suit.
Most companies are going to continue to let employees work from home
The immediate priority is navigating through the Covid-19 situation and ensuring business continuity"
In October, the Indian government had issued a circular raising statutory FPI limit of Indian companies to the sectoral foreign investment limit
Rao was the Vice Chairman in the previous year, and succeeds Keshav Murugesh, Group CEO, WNS Global Services
Some start-ups are also considering salary cuts, especially at the senior levels, says Gopalakrishnan
Dollar revenues likely to fall by up to 300 bps
Nifty has never been able to close above its 5-day EMA since February 19, 2020