News Summary:
On May 2, 2026, Infosys was allotted 20 acres of land in Visakhapatnam to establish a 7,000-seater facility, supporting the city's growth as an IT destination. Earlier that day, a report indicated the Indian IT sector, including Infosys, TCS, and HCLTech, faces an estimated $10 billion annual revenue hit, or 3-3.5% per year, due to AI-driven efficiency gains leading to deflationary pressure, shrinking deal sizes, and pricing pressure. Previously, on May 1, 2026, the company announced an adjustment of Futures and Options contracts for its INFY security, related to a corporate action for a dividend of Rs 25/- per share with an ex-date of June 10, 2026. Also on May 1, Infosys appointed Nitin Paranjpe as its Non-executive Vice Chairman, citing his extensive leadership experience, which includes previous roles at Hindustan Unilever Ltd. and Heineken NV.
Subscribe for full access to Infosys's profile
Subscribe for full access to Infosys's products in full detail 
