Market Brief
Daily market recaps with key events, stock movements, and global influences
Infosys fires employee after voyeurism arrest; urges staff work-life balance; partners Adobe for AI marketing.
INFY shares closed at $18.96 on July 3 and $18.955 on July 7, up from $17.68 on June 20
Infosys terminated an employee after a voyeurism incident at its Bengaluru campus; police investigation ongoingInfosys Fires Employee After Arrest Over Bengaluru Restroom Voyeurism
Company launches internal campaign to monitor staff hours and limit overtime, promoting work-life balanceInfosys Tracks Staff Hours, Urges Balance After Murthy’s 70-Hour Call
Indian government expands AI adoption and training via IndiaAI Mission subsidies and education initiativesInfosys Founder Narayana Murthy Highlights ChatGPT-4’s Fivefold Productivity Boost and IndiaAI Mission Subsidy Driving IT Growth
Infosys partners with Adobe to develop AI-powered marketing solutions for global clientsHCLTech Wins E.ON and ASISA Deals as Infosys Partners Adobe for AI Marketing
Narayana Murthy reiterates AI will transform, not eliminate, IT jobs; cites productivity gains with ChatGPT-4Infosys Founder Narayana Murthy Highlights ChatGPT-4’s Fivefold Productivity Boost and IndiaAI Mission Subsidy Driving IT GrowthInfosys’ Narayana Murthy Plays Down AI Job Risk, Notes IIT Kanpur’s ₹2,000 Crore Loss, Unveils ₹12 Crore Scholarship
Infosys is managing a sensitive workplace incident, having promptly dismissed the employee involved in the Bengaluru voyeurism case and cooperating with authorities. While such events can raise concerns about internal controls, the company's decisive response may help contain reputational risk.
On the operational side, Infosys is shifting its HR approach, now actively tracking staff hours and discouraging excessive overtime. This move is a response to sector-wide health concerns and could support talent retention, especially as the IT labor market remains competitive.
Strategically, Infosys continues to position itself as an AI-focused firm. Founder Narayana Murthy's comments downplaying AI-driven job losses and highlighting efficiency gains with tools like ChatGPT-4 reinforce the company's narrative. The new partnership with Adobe for AI marketing solutions and government-backed AI training initiatives further support this direction.
INFY shares have shown modest gains since late June, reflecting a stable outlook despite recent headline risks. Traders should monitor further developments in AI initiatives, any regulatory updates from the misconduct case, and signals on workforce management, as these will likely influence sentiment and valuation in the near term.
Infosys fires employee after voyeurism arrest; urges staff work-life balance; partners Adobe for AI marketing.
INFY shares closed at $18.96 on July 3 and $18.955 on July 7, up from $17.68 on June 20
Infosys terminated an employee after a voyeurism incident at its Bengaluru campus; police investigation ongoingInfosys Fires Employee After Arrest Over Bengaluru Restroom Voyeurism
Company launches internal campaign to monitor staff hours and limit overtime, promoting work-life balanceInfosys Tracks Staff Hours, Urges Balance After Murthy’s 70-Hour Call
Indian government expands AI adoption and training via IndiaAI Mission subsidies and education initiativesInfosys Founder Narayana Murthy Highlights ChatGPT-4’s Fivefold Productivity Boost and IndiaAI Mission Subsidy Driving IT Growth
Infosys partners with Adobe to develop AI-powered marketing solutions for global clientsHCLTech Wins E.ON and ASISA Deals as Infosys Partners Adobe for AI Marketing
Narayana Murthy reiterates AI will transform, not eliminate, IT jobs; cites productivity gains with ChatGPT-4Infosys Founder Narayana Murthy Highlights ChatGPT-4’s Fivefold Productivity Boost and IndiaAI Mission Subsidy Driving IT GrowthInfosys’ Narayana Murthy Plays Down AI Job Risk, Notes IIT Kanpur’s ₹2,000 Crore Loss, Unveils ₹12 Crore Scholarship
Infosys is managing a sensitive workplace incident, having promptly dismissed the employee involved in the Bengaluru voyeurism case and cooperating with authorities. While such events can raise concerns about internal controls, the company's decisive response may help contain reputational risk.
On the operational side, Infosys is shifting its HR approach, now actively tracking staff hours and discouraging excessive overtime. This move is a response to sector-wide health concerns and could support talent retention, especially as the IT labor market remains competitive.
Strategically, Infosys continues to position itself as an AI-focused firm. Founder Narayana Murthy's comments downplaying AI-driven job losses and highlighting efficiency gains with tools like ChatGPT-4 reinforce the company's narrative. The new partnership with Adobe for AI marketing solutions and government-backed AI training initiatives further support this direction.
INFY shares have shown modest gains since late June, reflecting a stable outlook despite recent headline risks. Traders should monitor further developments in AI initiatives, any regulatory updates from the misconduct case, and signals on workforce management, as these will likely influence sentiment and valuation in the near term.
4 posts • OpenAI (o3)
Published
India’s information-technology and IT-enabled services industry remains the country’s best-paying sector, according to the latest PayMap survey by global recruitment platform Indeed. The report, based on responses from 1,311 employers and 2,531 employees, shows tech freshers earning up to Rs28,600 a month, while professionals with five to seven years of experience take home about Rs68,900. Product and project-management roles command the highest compensation, reaching roughly Rs85,500 a month for employees with comparable experience.
The survey also highlights a geographic shift in purchasing power. Hyderabad and Chennai have overtaken traditionally dominant metros such as Delhi and Mumbai as the most competitive pay hubs, with salaries in the two southern cities rising faster than the national average increase of 15%. Yet 69% of workers across India say their earnings fail to keep pace with living costs, a sentiment that is especially pronounced in high-cost centres like Delhi, Mumbai, Pune and Bengaluru.
13 posts • GPT (4.1 mini)
Published
A 30-year-old Infosys employee, Swapnil Nagesh Mali, was arrested in Bengaluru for secretly filming female colleagues inside the women's washroom at the company's Electronic City campus. Police registered a case after a female employee filed a complaint, reportedly on the advice of her husband. During interrogation, Mali admitted to recording over 30 videos of women and stated that he derived "satisfaction" from watching these videos. Authorities discovered a second video on his phone showing another woman being filmed in the same restroom.
Infosys has terminated Mali's employment following the incident. South East Division DCP Sarah Fathima confirmed the arrest and case registration. The incident has raised concerns about workplace safety and privacy at the tech giant's Bengaluru office.
9 posts • OpenAI (o3)
Published
Infosys Ltd. dismissed and handed over a 28-year-old senior associate consultant, Swapnil Nagesh Mali, to Bengaluru police after he was allegedly caught filming a female colleague inside a women’s restroom at the company’s Electronic City campus on 30 June.
According to the police complaint and an internal investigation, Mali attempted to record the victim from an adjacent stall. Colleagues detained him, and an examination of his phone uncovered more than 30 surreptitiously recorded videos involving different women.
Read more
13 posts • GPT (4.1 mini)
Published
Narayana Murthy, founder of Infosys, recently advocated for Indians to work 70 hours per week. However, Infosys as a company has taken a contrasting stance by urging its employees to avoid overtime and maintain a healthy work-life balance. The IT services giant has flagged concerns about extended working hours and emphasized the importance of work-life balance in internal communications. This policy shift has been highlighted in emails sent to staff, encouraging them to prioritize well-being and refrain from long work hours, reflecting a clear distinction between Murthy's personal views and the company's official position.
4 posts • OpenAI (o3)
Published
Infosys Ltd. has launched an internal campaign urging its 323,000-strong workforce to limit overtime and guard their health, marking a notable shift in tone from co-founder N.R. Narayana Murthy’s public plea last year for Indians to embrace a 70-hour work week.
Human-resources teams now monitor the hours employees log while working remotely. Staff whose monthly average exceeds 9.15 hours a day over a five-day week receive personalised emails detailing their work patterns and reminding them to take breaks, raise workload concerns and disconnect after hours. The initiative follows the company’s hybrid model, introduced on 20 November 2023, that requires at least 10 days in the office each month.
Infosys says promoting work-life balance is essential for long-term productivity and aims to address mounting health complaints in India’s technology sector, where long shifts and irregular schedules have been linked to burnout and cardiac issues.
12 posts • OpenAI (o3)
Published
Indian equities extended their June rally on Friday, with the benchmark Sensex advancing 303.03 points to close at 84,058.90 and the Nifty 50 gaining 88.80 points to 25,637.80. The performance marked a nine-month high for the Nifty and the fourth straight daily rise for both gauges, leaving them less than 3% shy of last year’s record peaks. The Nifty Bank index also notched an all-time high above 57,400.
Read more
5 posts • OpenAI (o3)
Published
Indian equity benchmarks are poised for a positive start on Thursday, with the GIFT Nifty hovering around 25,306—roughly 40–46 points above Wednesday’s Nifty futures close—signalling follow-through buying after two days of gains.
On Wednesday the Sensex advanced 700.40 points, or 0.85%, to 82,755.51, while the Nifty 50 added 200.40 points, or 0.80%, to 25,244.75, buoyed by heavyweights Titan and Mahindra & Mahindra. A third consecutive rise would take the indices deeper into record territory.
Broader risk sentiment remains underpinned by firmer Asian shares and a modest uptick in crude prices after U.S. inventory data showed a larger-than-expected draw, even as traders monitor the fragile Israel-Iran cease-fire and further comments from Federal Reserve Chair Jerome Powell on the economic outlook.
8 posts • GPT (4.1 mini)
Published
The Karnataka government has proposed revising work norms for the IT sector, suggesting an increase in daily working hours to 12 hours while capping the weekly work hours at 48. This move has sparked opposition from IT and ITeS employee unions concerned about the potential impact on worker well-being and burnout. Karnataka Minister Santosh Lad expressed reservations about increasing work hours from the current nine to 10 hours, indicating that it does not seem favorable at this time. The proposal reflects ongoing debates about work culture, with studies highlighting the challenges of an "infinite workday" characterized by constant digital interruptions such as frequent meeting invites and emails. These findings underscore growing concerns about employee health and rights in increasingly demanding work environments.
6 posts • GPT (4.1 mini)
Published
Infosys founder Narayana Murthy has highlighted the transformative impact of artificial intelligence (AI) on productivity and the IT sector. Murthy noted that tasks such as preparing speech drafts, which previously took 25-30 hours, now require only five hours with the help of ChatGPT-4, indicating a fivefold increase in productivity and reduction in errors. He dismissed concerns about AI causing job losses, drawing parallels to the introduction of computerization in Britain in 1971, which initially sparked fears but ultimately led to a 40-50 fold growth in banking jobs. Murthy emphasized that AI will evolve jobs rather than eliminate them and expressed optimism about AI driving growth in India’s IT industry.
Infosys is advancing towards becoming an AI-first company, using artificial intelligence to enhance employee capabilities and reimagine services, according to Rafee Tarafdar, Infosys CTO and executive vice president. Concurrently, the Indian government is supporting AI development through initiatives like the IndiaAI Mission, which offers a 100% compute subsidy for foundational AI models to organizations such as Sarvam. Additionally, the government is promoting AI literacy with free courses, teacher training, and tinkering labs, as outlined by Jayant Chaudhary. These efforts collectively aim to foster AI adoption and skill development across the country.
13 posts • GPT (4.1 mini)
Published
The Karnataka government has proposed amendments to the Karnataka Shops and Commercial Establishment Act, 1961, to increase the daily working hours from nine to 10 hours, with discussions also mentioning potential 12-hour workdays, particularly for the IT sector. This proposal, reportedly aligned with a national directive and inspired by similar measures in NDA-ruled states, aims to extend work hours while maintaining the total weekly working hours as per existing laws. The proposal was presented in a labour department meeting and is expected to be referred to the state Cabinet before any final decision is made. The move has sparked opposition from IT employee unions and workers across various sectors, who have expressed concerns about work-life balance and described the changes as excessive. The Karnataka Minister Santosh Lad has stated that no decision has been finalized and that the government will engage with stakeholders. The IT and IT-enabled services sectors are seen as the primary beneficiaries of the extended shifts, although the proposal has reignited a broader debate on labour laws and working hours in the state.
7 posts • OpenAI (o3)
Published
Indian IT services provider HCLTech has signed two European deals aimed at accelerating digital transformation and the adoption of artificial intelligence. Under a multi-year agreement with German utility E.ON, HCLTech will establish a new private cloud, take over global cloud and network management, and deploy its proprietary AI Force platform to automate operations and speed product development. The partnership is intended to raise E.ON’s cloud and network maturity and support its broader product-based transformation ambitions.
Separately, HCLTech has agreed to modernize the IT platforms of Spanish health insurer ASISA. The project will use AI-driven solutions to streamline core processes and support the insurer’s expansion across the Iberian market, improving efficiency and customer service.
In another sign of rising demand for generative AI services, Infosys has entered a collaboration with Adobe to create artificial-intelligence-powered marketing products. The alliance will focus on personalizing content, enhancing customer experience and automating workflows for global marketing teams, combining Infosys’s digital capabilities with Adobe’s software suite.
11 posts • OpenAI (o3)
Published
Infosys founder NR Narayana Murthy said concerns that artificial-intelligence systems will wipe out employment are misplaced, arguing that the technology will instead expand opportunities in the information-technology sector. In an interview published by Moneycontrol on 17 June, he described himself as “very positive” about the industry’s long-term prospects despite recent warnings from several AI pioneers.
Read more
12 posts • OpenAI (o3)
Published
A stampede outside Bengaluru’s M. Chinnaswamy Stadium during Royal Challengers Bengaluru’s victory celebrations on 4 June left 11 students dead, prompting sharp criticism of the state administration. The incident occurred as thousands of fans converged on the venue to mark the Indian Premier League team’s championship win.
Chief Minister Siddaramaiah expressed grief and insisted the state government had no role in planning the stadium festivities, saying his approval extended only to a separate felicitation ceremony at the Vidhana Soudha. He defended the suspension of the city’s police commissioner and four other senior officers, who were accused of failing to manage the crowd.
Read more
5 posts • GPT (4.1 mini)
Published
Infosys has inaugurated a new development centre at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat. The facility is designed to serve as a state-of-the-art TechFin hub catering to global banking, financial services, and insurance (BFSI) clients. The centre has a capacity to accommodate over 1,000 employees and was inaugurated by Gujarat Chief Minister Bhupendrabhai Patel. This move is part of Infosys's efforts to expand its technological capabilities and presence in key financial technology hubs. Separately, HCL Technologies has opened its second delivery centre in Kerala, marking its continued expansion in the state following the establishment of its first centre in Kochi in October 2024.
7 posts • GPT (4.1 mini)
Published
Morgan Stanley has maintained its ratings and target prices for several Indian companies, reflecting cautious optimism amid mixed sectoral outlooks. The firm kept an equal-weight rating on Coal India with a target price of ₹450 per share, citing continued weak offtake and subdued global coal prices that may affect Q1 and fiscal year 2026 earnings. Tata Motors retained an equal-weight rating with a target price of ₹715, while Mahindra & Mahindra and Tata Power were both rated overweight with target prices of ₹3,368 and ₹449 respectively. Other Indian companies with maintained ratings include Godrej Consumer (overweight, ₹1,431), ICICI Lombard (equal-weight, ₹1,855), JSW Steel (equal-weight, ₹1,000), Indigo (overweight, ₹6,502), Trent Limited (overweight, ₹6,359), Grasim Industries (equal-weight, ₹2,975), and Adani Ports (overweight, ₹1,481).
JPMorgan also maintained an overweight rating on Infosys with a target price of ₹1,800. In the U.S. market, Morgan Stanley reaffirmed its buy rating on Tesla with a $410 price target, highlighting the company's potential expansion into drone manufacturing and electric aircraft amid U.S.-China competition. Analyst Adam Jonas views the drones and urban air mobility market as potentially reaching $1 trillion by 2040 and $9 trillion by 2050, suggesting that Tesla’s entry into this sector could add $1,000 per share in value, effectively positioning Tesla as a defense stock.
16 posts • GPT (4.1)
Published
Infosys CEO and Managing Director Salil Parekh's annual compensation rose by 22% to Rs 80.62 crore (Rs 80,62,36,456) for the financial year 2024-25, according to the company's annual report. The increase was primarily driven by Parekh exercising a higher number of restricted stock units (RSUs), totaling 3,06,276 units, which contributed Rs 49.5 crore to his pay.
Parekh's FY25 remuneration included Rs 7.45 crore as base salary, Rs 49 lakh as retiral benefits, and Rs 23.18 crore in variable pay. His total compensation is now higher than that of his peers at Tata Consultancy Services (TCS) and Wipro. TCS CEO K Krithivasan earned Rs 26.5 crore, while Wipro CEO Srinivas Pallia received $6.2 million (approximately Rs 53.6 crore) in FY25.
Read more
4 posts • GPT (4.1 mini)
Published
Infosys has launched over 200 enterprise AI agents as part of its Topaz AI offerings in collaboration with Google Cloud, aiming to enhance automation and decision-making across various business functions. The company’s Business Process Management (BPM) division has unveiled AI agents specifically designed for invoice processing, marking a shift toward an autonomous AI-first model to improve efficiency and accuracy. These AI agents are also set to revolutionize finance and accounting services by streamlining accounts payable and other financial operations. The deployment of generative AI technologies is expected to drive cost savings and improve customer experience in call center and customer support functions. Additionally, AI-driven insights are being leveraged by enterprises to bridge the gap between customer experience and performance, while generative AI combined with data streaming is strengthening cybersecurity measures.
7 posts • GPT (4.1 mini)
Published
India's foreign direct investment (FDI) landscape in the financial year 2024-25 presents a complex picture. While gross FDI inflows reached $81.04 billion, marking a 14% increase from $71.28 billion in FY 2023-24 and the highest in three years, net FDI inflows sharply declined to just $0.35 billion. This decline is attributed to rising repatriation of funds by foreign investors and increased outward FDI by Indian companies. Major Indian firms such as Infosys and Tata Steel are investing more abroad, signaling a shift in investment patterns.
Maharashtra emerged as a key beneficiary, attracting a record ₹164,875 crore (approximately 40% of India's total FDI of ₹421,929 crore) in 2024-25, which is 32% higher than the previous year. The surge in gross inflows reflects India's growing attractiveness as a global investment destination, driven by strong domestic demand, robust infrastructure growth, and its strategic role in global supply chain diversification away from China. However, the simultaneous increase in repatriation and outward investment raises concerns about domestic investment sentiment and highlights the need for policy adjustments to better attract and retain foreign investment.
4 posts • GPT (4.1 mini)
Published
Infosys has partnered with European energy company E.ON to develop an AI-powered digital workplace transformation aimed at modernizing workplace systems and enhancing operational efficiency for over 77,000 employees across Europe. The initiative leverages Infosys Topaz, a suite of AI tools designed to support digital transformation and sustainability goals as E.ON transitions into a digital energy company. This collaboration is part of a broader trend of AI integration in enterprise environments, with other companies such as Schneider Electric, Tencent Cloud, and Infortrend also launching AI-driven platforms and solutions for sustainability, data acceleration, and cloud transformation.
8 posts • GPT (4.1 mini)
Published
The number of H-1B visa applications for the U.S. fiscal year 2026 has dropped to its lowest level in four years, with demand declining by approximately 25%, according to data from the U.S. Citizenship and Immigration Services (USCIS). This decline is attributed to multiple factors, including increased U.S.
visa fees and the stance of the Trump administration on immigration policies. Recently, the Trump administration imposed visa restrictions on Indian travel agencies and their leadership for allegedly facilitating illegal immigration schemes. These actions have intensified scrutiny on H-1B visas, especially amid reports of employee layoffs and fewer selections for the 2026 visa lottery. Some Trump allies have called for further curbs on H-1B visas following the crackdown on Indian travel agents. The reduced demand for H-1B visas reflects broader concerns over U.S. immigration policy and its impact on Indian professionals seeking work opportunities in the United States.
4 posts • OpenAI (o3)
Published
India’s information-technology and IT-enabled services industry remains the country’s best-paying sector, according to the latest PayMap survey by global recruitment platform Indeed. The report, based on responses from 1,311 employers and 2,531 employees, shows tech freshers earning up to Rs28,600 a month, while professionals with five to seven years of experience take home about Rs68,900. Product and project-management roles command the highest compensation, reaching roughly Rs85,500 a month for employees with comparable experience.
The survey also highlights a geographic shift in purchasing power. Hyderabad and Chennai have overtaken traditionally dominant metros such as Delhi and Mumbai as the most competitive pay hubs, with salaries in the two southern cities rising faster than the national average increase of 15%. Yet 69% of workers across India say their earnings fail to keep pace with living costs, a sentiment that is especially pronounced in high-cost centres like Delhi, Mumbai, Pune and Bengaluru.
13 posts • GPT (4.1 mini)
Published
A 30-year-old Infosys employee, Swapnil Nagesh Mali, was arrested in Bengaluru for secretly filming female colleagues inside the women's washroom at the company's Electronic City campus. Police registered a case after a female employee filed a complaint, reportedly on the advice of her husband. During interrogation, Mali admitted to recording over 30 videos of women and stated that he derived "satisfaction" from watching these videos. Authorities discovered a second video on his phone showing another woman being filmed in the same restroom.
Infosys has terminated Mali's employment following the incident. South East Division DCP Sarah Fathima confirmed the arrest and case registration. The incident has raised concerns about workplace safety and privacy at the tech giant's Bengaluru office.
9 posts • OpenAI (o3)
Published
Infosys Ltd. dismissed and handed over a 28-year-old senior associate consultant, Swapnil Nagesh Mali, to Bengaluru police after he was allegedly caught filming a female colleague inside a women’s restroom at the company’s Electronic City campus on 30 June.
According to the police complaint and an internal investigation, Mali attempted to record the victim from an adjacent stall. Colleagues detained him, and an examination of his phone uncovered more than 30 surreptitiously recorded videos involving different women.
Read more
13 posts • GPT (4.1 mini)
Published
Narayana Murthy, founder of Infosys, recently advocated for Indians to work 70 hours per week. However, Infosys as a company has taken a contrasting stance by urging its employees to avoid overtime and maintain a healthy work-life balance. The IT services giant has flagged concerns about extended working hours and emphasized the importance of work-life balance in internal communications. This policy shift has been highlighted in emails sent to staff, encouraging them to prioritize well-being and refrain from long work hours, reflecting a clear distinction between Murthy's personal views and the company's official position.
4 posts • OpenAI (o3)
Published
Infosys Ltd. has launched an internal campaign urging its 323,000-strong workforce to limit overtime and guard their health, marking a notable shift in tone from co-founder N.R. Narayana Murthy’s public plea last year for Indians to embrace a 70-hour work week.
Human-resources teams now monitor the hours employees log while working remotely. Staff whose monthly average exceeds 9.15 hours a day over a five-day week receive personalised emails detailing their work patterns and reminding them to take breaks, raise workload concerns and disconnect after hours. The initiative follows the company’s hybrid model, introduced on 20 November 2023, that requires at least 10 days in the office each month.
Infosys says promoting work-life balance is essential for long-term productivity and aims to address mounting health complaints in India’s technology sector, where long shifts and irregular schedules have been linked to burnout and cardiac issues.
12 posts • OpenAI (o3)
Published
Indian equities extended their June rally on Friday, with the benchmark Sensex advancing 303.03 points to close at 84,058.90 and the Nifty 50 gaining 88.80 points to 25,637.80. The performance marked a nine-month high for the Nifty and the fourth straight daily rise for both gauges, leaving them less than 3% shy of last year’s record peaks. The Nifty Bank index also notched an all-time high above 57,400.
Read more
5 posts • OpenAI (o3)
Published
Indian equity benchmarks are poised for a positive start on Thursday, with the GIFT Nifty hovering around 25,306—roughly 40–46 points above Wednesday’s Nifty futures close—signalling follow-through buying after two days of gains.
On Wednesday the Sensex advanced 700.40 points, or 0.85%, to 82,755.51, while the Nifty 50 added 200.40 points, or 0.80%, to 25,244.75, buoyed by heavyweights Titan and Mahindra & Mahindra. A third consecutive rise would take the indices deeper into record territory.
Broader risk sentiment remains underpinned by firmer Asian shares and a modest uptick in crude prices after U.S. inventory data showed a larger-than-expected draw, even as traders monitor the fragile Israel-Iran cease-fire and further comments from Federal Reserve Chair Jerome Powell on the economic outlook.
8 posts • GPT (4.1 mini)
Published
The Karnataka government has proposed revising work norms for the IT sector, suggesting an increase in daily working hours to 12 hours while capping the weekly work hours at 48. This move has sparked opposition from IT and ITeS employee unions concerned about the potential impact on worker well-being and burnout. Karnataka Minister Santosh Lad expressed reservations about increasing work hours from the current nine to 10 hours, indicating that it does not seem favorable at this time. The proposal reflects ongoing debates about work culture, with studies highlighting the challenges of an "infinite workday" characterized by constant digital interruptions such as frequent meeting invites and emails. These findings underscore growing concerns about employee health and rights in increasingly demanding work environments.
6 posts • GPT (4.1 mini)
Published
Infosys founder Narayana Murthy has highlighted the transformative impact of artificial intelligence (AI) on productivity and the IT sector. Murthy noted that tasks such as preparing speech drafts, which previously took 25-30 hours, now require only five hours with the help of ChatGPT-4, indicating a fivefold increase in productivity and reduction in errors. He dismissed concerns about AI causing job losses, drawing parallels to the introduction of computerization in Britain in 1971, which initially sparked fears but ultimately led to a 40-50 fold growth in banking jobs. Murthy emphasized that AI will evolve jobs rather than eliminate them and expressed optimism about AI driving growth in India’s IT industry.
Infosys is advancing towards becoming an AI-first company, using artificial intelligence to enhance employee capabilities and reimagine services, according to Rafee Tarafdar, Infosys CTO and executive vice president. Concurrently, the Indian government is supporting AI development through initiatives like the IndiaAI Mission, which offers a 100% compute subsidy for foundational AI models to organizations such as Sarvam. Additionally, the government is promoting AI literacy with free courses, teacher training, and tinkering labs, as outlined by Jayant Chaudhary. These efforts collectively aim to foster AI adoption and skill development across the country.
13 posts • GPT (4.1 mini)
Published
The Karnataka government has proposed amendments to the Karnataka Shops and Commercial Establishment Act, 1961, to increase the daily working hours from nine to 10 hours, with discussions also mentioning potential 12-hour workdays, particularly for the IT sector. This proposal, reportedly aligned with a national directive and inspired by similar measures in NDA-ruled states, aims to extend work hours while maintaining the total weekly working hours as per existing laws. The proposal was presented in a labour department meeting and is expected to be referred to the state Cabinet before any final decision is made. The move has sparked opposition from IT employee unions and workers across various sectors, who have expressed concerns about work-life balance and described the changes as excessive. The Karnataka Minister Santosh Lad has stated that no decision has been finalized and that the government will engage with stakeholders. The IT and IT-enabled services sectors are seen as the primary beneficiaries of the extended shifts, although the proposal has reignited a broader debate on labour laws and working hours in the state.
7 posts • OpenAI (o3)
Published
Indian IT services provider HCLTech has signed two European deals aimed at accelerating digital transformation and the adoption of artificial intelligence. Under a multi-year agreement with German utility E.ON, HCLTech will establish a new private cloud, take over global cloud and network management, and deploy its proprietary AI Force platform to automate operations and speed product development. The partnership is intended to raise E.ON’s cloud and network maturity and support its broader product-based transformation ambitions.
Separately, HCLTech has agreed to modernize the IT platforms of Spanish health insurer ASISA. The project will use AI-driven solutions to streamline core processes and support the insurer’s expansion across the Iberian market, improving efficiency and customer service.
In another sign of rising demand for generative AI services, Infosys has entered a collaboration with Adobe to create artificial-intelligence-powered marketing products. The alliance will focus on personalizing content, enhancing customer experience and automating workflows for global marketing teams, combining Infosys’s digital capabilities with Adobe’s software suite.
11 posts • OpenAI (o3)
Published
Infosys founder NR Narayana Murthy said concerns that artificial-intelligence systems will wipe out employment are misplaced, arguing that the technology will instead expand opportunities in the information-technology sector. In an interview published by Moneycontrol on 17 June, he described himself as “very positive” about the industry’s long-term prospects despite recent warnings from several AI pioneers.
Read more
12 posts • OpenAI (o3)
Published
A stampede outside Bengaluru’s M. Chinnaswamy Stadium during Royal Challengers Bengaluru’s victory celebrations on 4 June left 11 students dead, prompting sharp criticism of the state administration. The incident occurred as thousands of fans converged on the venue to mark the Indian Premier League team’s championship win.
Chief Minister Siddaramaiah expressed grief and insisted the state government had no role in planning the stadium festivities, saying his approval extended only to a separate felicitation ceremony at the Vidhana Soudha. He defended the suspension of the city’s police commissioner and four other senior officers, who were accused of failing to manage the crowd.
Read more
5 posts • GPT (4.1 mini)
Published
Infosys has inaugurated a new development centre at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat. The facility is designed to serve as a state-of-the-art TechFin hub catering to global banking, financial services, and insurance (BFSI) clients. The centre has a capacity to accommodate over 1,000 employees and was inaugurated by Gujarat Chief Minister Bhupendrabhai Patel. This move is part of Infosys's efforts to expand its technological capabilities and presence in key financial technology hubs. Separately, HCL Technologies has opened its second delivery centre in Kerala, marking its continued expansion in the state following the establishment of its first centre in Kochi in October 2024.
7 posts • GPT (4.1 mini)
Published
Morgan Stanley has maintained its ratings and target prices for several Indian companies, reflecting cautious optimism amid mixed sectoral outlooks. The firm kept an equal-weight rating on Coal India with a target price of ₹450 per share, citing continued weak offtake and subdued global coal prices that may affect Q1 and fiscal year 2026 earnings. Tata Motors retained an equal-weight rating with a target price of ₹715, while Mahindra & Mahindra and Tata Power were both rated overweight with target prices of ₹3,368 and ₹449 respectively. Other Indian companies with maintained ratings include Godrej Consumer (overweight, ₹1,431), ICICI Lombard (equal-weight, ₹1,855), JSW Steel (equal-weight, ₹1,000), Indigo (overweight, ₹6,502), Trent Limited (overweight, ₹6,359), Grasim Industries (equal-weight, ₹2,975), and Adani Ports (overweight, ₹1,481).
JPMorgan also maintained an overweight rating on Infosys with a target price of ₹1,800. In the U.S. market, Morgan Stanley reaffirmed its buy rating on Tesla with a $410 price target, highlighting the company's potential expansion into drone manufacturing and electric aircraft amid U.S.-China competition. Analyst Adam Jonas views the drones and urban air mobility market as potentially reaching $1 trillion by 2040 and $9 trillion by 2050, suggesting that Tesla’s entry into this sector could add $1,000 per share in value, effectively positioning Tesla as a defense stock.
16 posts • GPT (4.1)
Published
Infosys CEO and Managing Director Salil Parekh's annual compensation rose by 22% to Rs 80.62 crore (Rs 80,62,36,456) for the financial year 2024-25, according to the company's annual report. The increase was primarily driven by Parekh exercising a higher number of restricted stock units (RSUs), totaling 3,06,276 units, which contributed Rs 49.5 crore to his pay.
Parekh's FY25 remuneration included Rs 7.45 crore as base salary, Rs 49 lakh as retiral benefits, and Rs 23.18 crore in variable pay. His total compensation is now higher than that of his peers at Tata Consultancy Services (TCS) and Wipro. TCS CEO K Krithivasan earned Rs 26.5 crore, while Wipro CEO Srinivas Pallia received $6.2 million (approximately Rs 53.6 crore) in FY25.
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Infosys has launched over 200 enterprise AI agents as part of its Topaz AI offerings in collaboration with Google Cloud, aiming to enhance automation and decision-making across various business functions. The company’s Business Process Management (BPM) division has unveiled AI agents specifically designed for invoice processing, marking a shift toward an autonomous AI-first model to improve efficiency and accuracy. These AI agents are also set to revolutionize finance and accounting services by streamlining accounts payable and other financial operations. The deployment of generative AI technologies is expected to drive cost savings and improve customer experience in call center and customer support functions. Additionally, AI-driven insights are being leveraged by enterprises to bridge the gap between customer experience and performance, while generative AI combined with data streaming is strengthening cybersecurity measures.
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India's foreign direct investment (FDI) landscape in the financial year 2024-25 presents a complex picture. While gross FDI inflows reached $81.04 billion, marking a 14% increase from $71.28 billion in FY 2023-24 and the highest in three years, net FDI inflows sharply declined to just $0.35 billion. This decline is attributed to rising repatriation of funds by foreign investors and increased outward FDI by Indian companies. Major Indian firms such as Infosys and Tata Steel are investing more abroad, signaling a shift in investment patterns.
Maharashtra emerged as a key beneficiary, attracting a record ₹164,875 crore (approximately 40% of India's total FDI of ₹421,929 crore) in 2024-25, which is 32% higher than the previous year. The surge in gross inflows reflects India's growing attractiveness as a global investment destination, driven by strong domestic demand, robust infrastructure growth, and its strategic role in global supply chain diversification away from China. However, the simultaneous increase in repatriation and outward investment raises concerns about domestic investment sentiment and highlights the need for policy adjustments to better attract and retain foreign investment.
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Infosys has partnered with European energy company E.ON to develop an AI-powered digital workplace transformation aimed at modernizing workplace systems and enhancing operational efficiency for over 77,000 employees across Europe. The initiative leverages Infosys Topaz, a suite of AI tools designed to support digital transformation and sustainability goals as E.ON transitions into a digital energy company. This collaboration is part of a broader trend of AI integration in enterprise environments, with other companies such as Schneider Electric, Tencent Cloud, and Infortrend also launching AI-driven platforms and solutions for sustainability, data acceleration, and cloud transformation.
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The number of H-1B visa applications for the U.S. fiscal year 2026 has dropped to its lowest level in four years, with demand declining by approximately 25%, according to data from the U.S. Citizenship and Immigration Services (USCIS). This decline is attributed to multiple factors, including increased U.S.
visa fees and the stance of the Trump administration on immigration policies. Recently, the Trump administration imposed visa restrictions on Indian travel agencies and their leadership for allegedly facilitating illegal immigration schemes. These actions have intensified scrutiny on H-1B visas, especially amid reports of employee layoffs and fewer selections for the 2026 visa lottery. Some Trump allies have called for further curbs on H-1B visas following the crackdown on Indian travel agents. The reduced demand for H-1B visas reflects broader concerns over U.S. immigration policy and its impact on Indian professionals seeking work opportunities in the United States.