The subsidiary, Infosys Technologies S. De RL De CV, will provide business consulting and information technology services for clients in all industries
Sikka has influenced the company to break away from the old mould in more ways than one.
However, on the NSE, both ITC and Infosys had equal weight of 8.77 per cent.
Among the Sensex firms, JSW Steel, Tata Steel, Tech Mahindra, Infosys, Wipro, Tata Consultancy Services, Nestle, HCL Technologies, HDFC Bank and Maruti were the major laggards. IndusInd Bank, ITC, Bharti Airtel and State Bank of India were among the winners.
The $140-billion Indian IT market is facing challenges on multiple fronts including stricter visa regime in key markets and shortage of skilled manpower for new technology areas like data science.
David, is set to join Hewlett Packard Enterprise as a senior VP for Enterprise Services Delivery.
The expansion comes in the wake of Infosys is planning to expand the workforce at Lodz delivery centre by 500 people.
The project is supported by the Department of Jobs through IDA Ireland.
Sun Pharma, Bajaj Finserv, Tata Consultancy Services, Infosys, Hindustan Unilever, JSW Steel, Wipro, Maruti, HCL Technologies, Tech Mahindra and ICICI Bank were the other major gainers. State Bank of India, Tata Motors, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Tata Steel, Nestle and HDFC Bank were the laggards.
Infosys openness backfires as missed guidance frustrates market.
Bajaj Finance was the biggest gainer in the Sensex pack, rising 2.70 per cent, followed by Power Grid, IndusInd Bank, NTPC, Bharti Airtel, ITC, Bajaj Finserv, Infosys, Nestle, Tata Steel, Tata Consultancy Services, Titan and Axis Bank. Reliance Industries, Mahindra & Mahindra, Maruti and State Bank of India were among the laggards.
Infosys is yet to announce its 2014-15 results.
The company pays out an interim dividend in October and the final dividend in April of every year. The company has fixed October 19, 2007, as the record date for the purpose of payment of interim dividend, if any.
Infosys aims to commission 55 MW of solar plants by end of 2016.
Infosys, the country's second largest software company, on Wednesday expressed concern over the Ohio state government's move to ban IT outsourcing to offshore locations such as India.
Just before Infosys announces its quarterly earnings, the investor community is abuzz with hopes the information technology (IT) giant might reward shareholders.
Equity benchmark indices Sensex and Nifty ended almost flat in highly volatile trade on Thursday amid the lack of any immediate trigger. The 30-share BSE Sensex dipped 5.43 points or 0.01 per cent to settle at 66,017.81. During the day, it hit a high of 66,235.24 and a low of 65,980.50.
Mutual funds are loading up on information technology (IT) stocks on improved valuations and low downside risk after a double-digit correction in top companies like Infosys and Wipro. IT stocks were MFs' top sectoral buys in April when they invested a net of Rs 2,100 crore. In the first four months of 2023, the net investments in IT amounted to Rs 9,500 crore, shows an analysis by ICICI Securities.
Nia builds on Mana, the first AI platform introduced by the software services major last year. It also includes the robotic process automation capabilities of AssistEdge, another Infosys solution.
It was reported in a section of the media that TBT had filed a suit in June in a New York court against Infosys BPO.
Infosys is close to signing an agreement with the state-run Maharashtra Airport Develop-ment Corporation (MADC) to set up an IT campus at an investment of Rs 460 crore (Rs 4.6 billion) at the Nagpur SEZ.
Tata Consultancy Services, India's number one information technology services company, could overtake Infosys to become the most profitable one for the first time on a full-year basis in 2012-13.
Infosys to open first overseas campus in China
'We don't believe in the BJP. But the Congress has no main leader who is credible.'
The company has decided to consolidate its delivery functions horizontally
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Infosys will declare its July-September quarter earnings on Friday.
Dalal Street investors became richer by Rs 9.68 lakh crore in five days of market rally, where the Sensex breached the historic 73,000-mark for the first time ever to reach a new record peak, taking the market capitalisation of BSE-listed companies to an all-time high of Rs 376 lakh crore. The 30-share BSE Sensex jumped 759.49 points or 1.05 per cent to settle at a new closing high of 73,327.94 on Monday. During the day, it zoomed 833.71 points or 1.14 per cent to reach its all-time peak of 73,402.16.
Infosys has raised its annual revenue growth guidance in constant currency terms to 8.4-8.8 per cent for the current fiscal.
The latest whistleblower complaint accusing him of pressuring finance team members to inflate profitability has come right out of the blue. There's another allegation that he made racist remarks against some board colleagues. For a man with a singular focus on the business and clients, all of this must have blindsided him.
After the IT giant declared a bonus, investors selling shares may have to shell out 4-5 times more tax
Here are some golden nuggets when it comes to creating wealth. Read them and if you find yourself saying, 'This everybody knows', cross your heart and ask yourself how many times you have forgotten these simple rules, says P V Subramanyam.
Shares of IT giant Infosys erased early gains and ended with a loss of nearly one per cent on the NSE today on profit-booking after the company named former SAP executive board member Vishal Sikka as its new CEO.
He may make a comeback as co-chairman at India's second largest software exporter.
Software major Infosys would wait for some more time before taking a decision on the future of its first development facility at Rajarhat near themetropolis.
The six service lines that Infosys is focusing on include manufacturing, retail, consumer packaged goods, logistics, lifescience, energy, communications, financial services and insurance.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
She was among the key executives brought in by Sikka from SAP and was overseeing large deals
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
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