SALIL PAREKH
Infosys shares gain over 1% after acquiring two US-based companies for $560 million. Here's what Nomura, Emkay are saying
Infosys share price gained over 1% rose after announcing the acquisition of two US-based firms, Optimum Healthcare IT for $465 million and Stratus for $95 million. These all-cash deals aim to bolster Infosys' presence in healthcare and insurance sectors, bringing in over 2,000 professionals and enhancing its digital transformation capabilities.
Infosys to acquire US firms Optimum Healthcare IT for $465 million, Stratus for $95 million
Infosys has entered separate agreements to acquire US-based firms Optimum Healthcare IT and Stratus in all-cash deals. The company will purchase healthcare consulting firm Optimum for $465 million and insurance technology company Stratus for $95 million.
TCS rolls out lateral hiring months after Infosys goes head-hunting for specialist programmers
TCS has rolled out a lateral hiring programme targeting technology professionals with two to four years of experience, as it seeks to push an AI-led future for itself. A recent mail to TCS employees in this regard mentioned an annual package of up to Rs 9 lakh, and struck a note of urgency as the company has offered a bonus of Rs 50,000 for those joining within 30 days of selection.
Infosys, Intel expand strategic tie-up to accelerate enterprise AI adoption globally
The collaboration integrates 'Infosys Topaz Fabric' -- a purpose-built agentic services suite -- with Intel's high-performance compute platforms, including Intel Xeon processors, Intel Gaudi AI accelerators, and Intel AI PCs, the company said in a regulatory filing.
Food delivery growth revives; Kreditbee eyes $1B valuation
Happy Tuesday! Food delivery majors registered strong growth in the December quarter. This and more in today’s ETtech Morning Dispatch.
Indian IT captains hold firm amid raging agentic AI storm
K Krithivasan, chief executive officer and managing director of Tata Consultancy Services (TCS), said while it’s not clear exactly what the roles will be a few years down the line due to disruption owing to AI, he does not envisage a “significant shrinkage” to TCS and the industry at large.
- Go To Page 1
Nikesh Arora on AI job fears; Infy CEO on IT sector stress
Happy Friday! During an interview with ET, Palo Alto CEO Nikesh Arora spoke about how fears of AI wiping out most jobs are exaggerated right now. This and more in today's ETtech Morning Dispatch.
$1.5-trillion tech services industry is still standing: Infosys CEO Salil Parekh
Infosys CEO Salil Parekh says the $1.5 trillion global tech services industry is far from being destroyed, despite AI compressing some areas. He sees significant growth opportunities in six key segments. Parekh adds that the Indian IT industry is likely to thrive by 2030 by leveraging these areas.
Google CEO interview; Sarvam's launch day
Before his India visit, Google CEO Sundar Pichai spoke to ET about Alphabet's AI investments, Gemini plans and others. This and more in today's ETtech Top 5.
Infosys shares in focus on AI-first framework to capture $400 bn services opportunity. What are brokerages saying?
Infosys shares are in focus after it unveiled Infosys Topaz, its AI-first framework, aimed at helping enterprises unlock AI value at scale. Analysts see an incremental $300–400 billion AI services opportunity by 2030. Motilal Oswal maintains a Buy rating, Morgan Stanley an Equal Weight rating, while Q3FY26 results show stable margins and 9% revenue growth.
'No opportunity gap in AI, only execution risk': Infosys chairman Nandan Nilekani
Artificial intelligence does not present any opportunity gap and the real question is how businesses are using the opportunity, Infosys chairman Nandan Nilekani said, as he kicked off the IT firm’s Investor AI day 2026 Tuesday.
Infosys-Anthropic deal sparks fresh debate: Is AI now an opportunity, not a threat, for Indian IT?
Infosys shares jumped up to 5% after announcing a strategic AI collaboration with Anthropic, easing fears that next-gen AI could disrupt Indian IT. The partnership blends Claude models with Infosys Topaz to build agentic AI solutions for regulated industries, shifting the narrative from AI threat to AI-driven opportunity.
Infosys shares rise 5% on collaboration with Anthropic. Here’s what Salil Parekh, Nandan Nilekani said
Infosys shares rose on Tuesday after the IT major announced a strategic partnership with AI firm Anthropic to build enterprise-ready AI solutions. The collaboration will integrate Claude models with Infosys Topaz to automate workflows, boost software development and scale AI adoption across sectors, lifting investor sentiment and the stock price.
Infosys partners with Anthropic to deliver enterprise AI solutions
Infosys on Tuesday announced a collaboration with Anthropic, an AI safety and research company, to develop and deliver advanced enterprise artificial intelligence (AI) solutions for companies across telecommunications, financial services, manufacturing, and software development.
IT stocks attempt to get back on their feet. What Nomura, UBS and Citi are saying
Information technology stocks rebounded after a steep two-week selloff, with Infosys, TCS and Wipro rising up to 3%. Investor concerns over AI-driven disruption eased slightly, even as brokerages warned that advances in agentic AI could challenge traditional IT services models. Analysts, however, see scope for business-model evolution and selective opportunities.
Some clients insist for work from office: Infosys CEO Salil Parekh
While responding to a shareholder's query on the 42nd Annual General Meeting of the company, Infosys chief executive officer and managing director Salil Parekh said that in future, there will be a need for more social capital where people will need to connect with each other to do new things, training, etc.
Infosys CEO Salil Parekh’s remuneration rises 43% to Rs 71 crore in FY22
Infosys CEO Salil Parekh's income increased as a result of stock incentives awarded in previous years, as well as a rise in his performance-based variable pay.
How Infosys performed under Salil Parekh as CEO since 2018
As far as Parekh's tenure is concerned, the annual consolidated total revenue for the IT firm rose from Rs 73,715 crore in FY18 to Rs 1,23,936 crore in FY22, while the consolidated net profit grew to Rs 22,112 crore in FY from Rs 16,029 crore in FY18.
Exclusive interview with Infosys CEO; tax officials email foreign tech firms on GST
“We don't see anything which gives me any concern”. But he added, “As we get more colour, we will look at (revisiting the revenue guidance) in the future.”
Infosys fixes I-T portal glitches after CEO Salil Parekh is summoned by Fin Min
Infosys says emergency maintenance on the tax filing website has concluded and that it is now live. Hours earlier, the finance ministry summoned Infosys CEO Salil Parekh to meet FM Nirmala Sitharaman on Monday to explain the glitches.
Finance Ministry summons Infosys CEO over glitches in IT e-filing portal
The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing glitches in the new income tax e-filing portal.
Infosys CEO Salil Parekh's compensation jumps 44% in FY21
Parekh’s compensation included Rs 30.99 crore in stock options and Rs 38 lakh in retiral benefits
Keeping up with changing times: Salil Parekh says empathy, vulnerability are critical; calls being a 'little paranoid' helpful
Salil Parekh shares how he helps his company keep up in the time of start-ups.
I have no tolerance for divisiveness of any form: Salil Parekh, CEO, Infosys
As the board investigates the anonymous complaints, Infosys CEO Salil Parekh said he was committed to executing the Infosys strategy and had served with commitment and integrity.
Infosys CEO Salil Parekh to receive annual performance-linked equity grant worth Rs 13 crore
The board of directors has also approved a change in the remuneration of company secretary AGS Manikantha, who will receive a fixed pay Rs 50.86 lakh per annum and variable bonus of Rs 13.87 lakh.
Salil Parekh may earn up to Rs 35 crore a year in Infosys
This means he can earn more than $5 million factoring in all stock-based and main salary and that is nearly half of what Vishal Sikka was offered.
On Day 1, it’s smiles and selfies for new Infosys boss Salil Parekh
Parekh has also not had the time to update his LinkedIn profile yet.
Load More
