Infosys shares jump on pay hike announcement

by Paul Joseph on June 14, 2013 · 0 comments

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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