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...But the banking sector wobble had an outsized impact on TCS and Infosys because finance companies represent a key customer base....
...The re-rating leaves Infosys trading at around 24 times forward earnings, according to S&P data, a third above its pre-pandemic average. Infosys has far more cash than debt....
...Europe and the UK accounted for a quarter of Infosys revenues last year and it has more than 16,000 employees in the region. Infosys has longstanding links with the UK....
...Rival Infosys had tumbled 20 per cent year to date before reporting strong results in July....
...But Panchajanya did not merely attack Infosys for doing a shoddy job....
...“All firms, regardless of size and national origin, are impacted, whether you’re a Goldman Sachs, Accenture, TCS or Infosys,” he said....
...A very different — and far more real — bug is now testing companies like Tata Consulting Services and Infosys, businesses synonymous with globalisation....
...Infosys, which has more than 200,000 employees, is one of India’s largest companies with clients around the world....
...Analysts and shareholders have focused on revenue growth for Infosys, rather than profit margins....
...Infosys said that 70 per cent of its 200,000-strong workforce was working from home around the world....
...But some investors said they feared governance oversight at Infosys had suffered....
...Shares in Infosys hit record highs in September but have retreated since....
...Infosys said it had received the complaint and would follow procedure for addressing concerns raised by whistleblowers....
...Infosys declined to comment beyond its statement, while Mr Parekh could not be reached....
...Infosys’ share price rose as much as 6.5 per cent in Monday morning trading....
...“Infosys is such a darling of the country.”...
...Infosys investigation Indian IT company Infosys said it was investigating allegations of unethical practices raised by whistleblowers as the outsourcing group’s stock fell by 17 per cent on Tuesday....
...Indian companies with significant overseas operations like TCS and its competitor Infosys are partially shielded from the marked slowdown in growth in their home market....
...Partnering a fund controlled by Narayana Murthy, co-founder of IT services group Infosys, Amazon formed a joint venture that in turn owned Cloudtail India, a new company that would sell products ranging...
...The ratio of price to earnings at Infosys is near 15, a quarter below Tata. If Mr Parekh succeeds, expect the gap to narrow....
...Narayana Murthy, made a series of attacks on corporate governance standards at Infosys. Shares were up 3.6 per cent at Rs992.85 on Monday....
...He said the proceeds would be used partly in order to fund investment in IT services, where L&T’s operation competes with larger rivals such as Tata Consultancy Services and Infosys....
Herbs used in the ancient healing system could yield a cure
...Infosys declined to comment when contacted by the FT....
...Mr Sikka, who had taken a new role as vice chairman last week, has now left the board, Infosys said....
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