Infosys scraps promotions,hikes

Infosys has suspended new hirings,promotions and increaments for FY21 to control costs in the wake of covid-19.However,the company said it will be honour all 35,000 job offers already made.india's second-largest IT company announced fourth-quarter net profit of Rs 4,300 crore,up 6% year-on-year,aided by lower tax and higher other income.

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