Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Infosys staffers get 6% pay rise; co worried at 18% attrition

Apr 16 2014, 14:35 IST
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Infosys CEO SD Shibulal said employees in India will get a 6-7% hike this year while it will be 1-2% for the onsite employees. Reuters Infosys CEO SD Shibulal said employees in India will get a 6-7% hike this year while it will be 1-2% for the onsite employees. Reuters
SummaryInfosys on Tuesday annouced a salary hike of 6-7% for its employees effective April.

Infosys on Tuesday annouced a salary hike of 6-7% for its employees effective April, even as attrition at the country's second largest IT services exporter stood at 18.7% in the fourth quarter of FY14, one of the highest in the company's history.

Infosys CEO SD Shibulal said employees in India will get a 6-7% hike this year while it will be 1-2% for the onsite employees. The announcement came in the wake of Infosys failure to stem the exodus despite announcing a 6-8% hike nine months ago.

However, it has been the rising attrition rate of Infosys which has been worrying the analyst community. The attrition level rose to 18.7% in the fourth quarter of FY14 from 18.1% in sequential third quarter while 12 months ago, it stood at 16.3%.

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