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Infosys announces annual salary hike by 5-11%

Indian IT major Infosys has announced annual salary hike to its approximately 2 lakh employees. Reportedly, the hike will be effective from July 1 and the rate of increase will be at 5-11 percent on an average. The hike will be a tad higher for top performers, in the range of 9-11 percent, said reports. However, reports also said the Bengaluru-based company won't be paying arrears for the April-June period.

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