Infosys' scrip had fallen by over 1% in the previous session also
Analysts peg likely revenue loss at $70-80 million for FY17 due to setback from Royal Bank of Scotland
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
The stock was down 3% at Rs 1,028, its lowest level since December 9, 2015 on the BSE in early morning trade.
Move to see 3,000 jobs to be scaled down over the next few months
Infosys CEO Vishal Sikka is pushing the company to adopt more automation in his quest to make the company more productive
SEZs are exports hubs which contribute about 16% to the country's total outbound shipments
Cloudy is the seventh investment for CEO Vishal Sikka, who has built a $500 mn war chest to invest in startups
Kamath says, they are meeting the minister to take feedback from the govt
Sikka also wrote to employees expressing his disappointment with the company for not meeting targets
'In Q2, and beyond, we must accelerate our work in all the key strategic aspects of our work, AND we must address the weaknesses of Q1'
After better than expected show in recent quarters, the June one sees TCS stealing the limelight, after comparing the relative performance
Software giant is the second most owned stock in fund managers' portfolios
The IT giant aspires to become $20 bn revenue company by 2020 with an operating profit margin of 30% and revenue productivity of $80,000 per employee
Launches programme as it looks to rein in rising attrition that stood at 21% in the April-June 2016 quarter
With revenue growth moderating, near term could witness some pressures due to Brexit
Infosys, TCS, Cyient, Wipro, Tech Mahindra and NIIT Technologies were down 3%-9% on the NSE.
Its chief Vishal Sikka said the company is on track of reaching the $20 billion milestone
The first quarter is an important one and a drop in this quarter leads to a fall for the full year as it becomes difficult to cover lost ground
The IT major reported proft of Rs 3,436 crore and revenue of Rs Rs 16,782 crore