Infosys shares jump on pay hike announcement

Infosys shares jumped in early trade on Friday, a day after the Indian software firm announced pay hikes for its all eligible domestic as well as overseas employees. On Thursday, the country’s second-largest software services provider announced that it would hike salaries by an average of 8 per cent for Indian staff and by 3 per cent for overseas staff. In response, Infosys stock jumped 0.35 per cent to Rs 2,387.60 a share as of 09.20 am on the Bombay Stock Exchange (BSE), while the broader BSE information technology benchmark slipped into the red. read more

Infosys shares jumped in early trade on Friday, a day after the Indian software firm announced pay hikes for its all eligible domestic as well as overseas employees. On Thursday, the country’s second-largest software services provider announced that it would hike salaries by an average of 8 per cent for Indian staff and by 3 per cent for overseas staff. In response, Infosys stock jumped 0.35 per cent to Rs 2,387.60 a share as of 09.20 am on the Bombay Stock Exchange (BSE), while the broader BSE information technology benchmark slipped into the red. read more

[via Stock Watch – Stock Specific News]

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