Friday, 12 May 2017

Infosys delays salary hike, scrip gains over 2%

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Shares of Infosys rose by 2 per cent on the Bombay Stock Exchange after a media report suggested that the IT bellwether has delayed salary hike to at least July to reduce operating costs.

Cheering the news, shares of the company gained as much as 2.02 per cent to hit an intra-day high of Rs 963.00 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 958.80 against the previous close price of Rs 943.85.

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