IT bellwether Infosys revealed on Wednesday that it plans to hire 26,000 fresh employees out of which a considerable number of recruitments would be done from overseas. The IT major is battling increased attrition rates, following buzz that its management is mulling a cut in the annual salary hikes.
Infosys is expected to miss guidance, atleast in rupee terms.
http://www.ibnlive.com/news/infosys-q1-results-ready-will-rupee-spoil-the-party/44573-7.html
It will be tough for Infosys to offset currency impact.
http://www.ibnlive.com/news/infosys-q1-earnings-might-get-hit-by-strong-rupee/44209-16.html
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