Market valuation of six of top 10 valued domestic firms erode by Rs 1.71 lakh crore
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
IT major Infosys on Thursday reported 11.5 per cent increase in net profit at Rs 6,806 crore in the third quarter (Q3) this fiscal, from Rs 6,106 crore in the year-ago period.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
IT major Infosys has reportedly deferred the annual salary hike in the fourth quarter of FY 2024-25. The company last implemented a salary hike in November 2023.
The combined market valuation of four of the top10 most valued firms eroded by Rs 96,605.66 crore last week.
Software giant Infosys softening its stand on moonlighting has allowed its staffers to take up external work with prior permission, sources stated on Friday. The company has intimated to the employees its new policy through email.
The 30 stock S&P BSE Sensex closed 684.64 points or 1.20 per cent higher at 57,919.97 points against its previous day's close at 57,235.33 points. Earlier, the Sensex started the day sharply higher at 58,162.74 points and surged to a high of 58,435.12 points in the intra-day. The Sensex pared part of the gains due to profit-taking in the last hour of the trade. It touched a low of 57,848.23 points in the intra-day.
Infosys is the latest entry to the list of IT firms clamping down on moonlighting employees. However, the IT behemoth is mulling a system that will allow employees to work on external projects too.
Ravi Kumar S started his career as a nuclear scientist at the Bhabha Atomic Research Center. After working for three years he moved on to PricewaterhouseCoopers as a Senior Consultant. He also served Cambridge technology partners for one year as Associate Director.
The techies of Infosys hit the road with the cycles to promote Non-Motorised Transport (NMT) for a greener and livable and sustainable city.
