In a recent development that is likely to boost employee morale, Infosys has announced a significant increase in performance bonuses for the first quarter of fiscal year 2024-25. The IT giant has distributed an average bonus of 80%, up from 60% in the previous quarter. This increase comes in the wake of a strong financial performance by the company, which reported a 7.1% rise in net profit.

Narayana Murthy gifted his grandson Ekagrah Murty 15 lakh shares, amounting to a 0.04 percent stake in the IT major, resulting in Ekagrah Murty receiving Rs 4.2 crore with the total dividend of Rs 28.Narayana Murthy gifted his grandson Ekagrah Murty 15 lakh shares, amounting to a 0.04 percent stake in the IT major, resulting in Ekagrah Murty receiving Rs 4.2 crore with the total dividend of Rs 28.

IT giant Infosys experienced its first annual headcount decline in almost 23 years, with a reduction of 25,994 employees during the financial year 2023-24, bringing the total headcount to 317,240, marking a 7.5 percent decrease from the previous fiscal year.

Following this transfer, Narayana Murthy's ownership stake in Infosys has decreased from 0.40 per cent to 0.36 per cent. The transaction occurred "off-market" on March 15.

Philanthropist and celebrated author Sudha Murty has been nominated to the Rajya Sabha, marking a significant milestone in her illustrious career.

"Infosys reported broadly in-line performance for the quarter. The revenue growth was above estimates; while EBIT margin was in-line with expectation," according to a report by YES Securities.