The last couple of months have dealt a severe blow to IT firms, which has even prompted the top listed Indian IT services providers to inform investors that they need to scale down their growth expectations from the sector that, on an average, has been growing almost 30 per cent year-on-year.
Infosys Technologies generates over 60 per cent of its revenue from the US, which is witnessing a slowdown. A falling rupee did help the company tide over the quarter, and S Gopalakrishnan (popularly addressed as Kris) says that new opportunities, geographies and centres of excellence will have to be balanced against billing cycle delays and other pitfalls of the market.
Former chairman of Atomic Energy Commission Dr. P K Iyengar, former chairman of Atomic Energy Regulatory Board Dr A Gopalakrishnan and former director of Bhabha Atomic Research Center Dr.A.N. Prasad say that there is a great deal of disquiet among the scientific community at large about the deal. They also said they met the Prime Minister Manmohan Singh and discussed about the after-effects of the deal, besides writing to the MPS.
"There will be no layoffs in the Indian context and, as said before, we will be recruiting 25,000 people gross. We will make our people prepared for the upturn, which will happen. We are focusing on recruiting people and training them. We are focusing on education as this is a great opportunity to make a positive brand and image for the company. We are still seeing opportunities in the market," said Kris Gopalakrishnan, CEO, Infosys.
Infosys Technologies plans to set up five SEZ in Tier II cities -- Mysore, Bangalore and Thiruvananthapuram.
There's a churn in Infosys' highest paid senior executives' list for financial year 2007-08, with Nandan Nilekani, S Gopalakrishnan and S D Shibulal conspicuously missing from the top five.According to a filing by IT bellwether to the US Securities and Exchange Commission, B G Srinivas, Ashok Vemuri and T V Mohandas Pai were the highest paid executives in FY08.
Naalu Pennungal, master auteur Adoor Gopalakrishnan's latest offering is a unique experience for the viewer as it compiles four short stories by Thakazhi Sivasankara Pillai and tells the stories of four women in an interesting way.
'The current financial year will see the full impact of this crisis, and we will start seeing the recovery in the next financial year.'
Tata Teleservices Maharashtra Ltd said on Friday that Ratan N Tata has been elected as the company's chairman. \n
The latest updates from the Malayalam film industry.
The Tatas will continue its association with Advinus Therapeutics, the drug discovery start-up company based in Bangalore, and is committed to further invest in the company, said R Gopalakrishnan, chairman of Advinus and executive director, Tata Sons
'The only way to create more jobs is to make sure that we anticipate the skills that will be required in the future and prepare ourselves for those skills.'
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.
President A P J Abdul Kalam presented the awards at a function at the Ashoka Hall of the Rashtrapati Bhavan.\n\n
A top infotech official has warned the Indian IT industry, already facing trouble spots such as wage inflation, high attrition rates and a strong rupee, cannot afford to sit on its laurels as global competition is on the rise.
Infosys announced 11 January, 2008 as the date for its Q3 results release
India's export-driven IT services industry would see erosion in margins due to the strengthening of the rupee, a top official of Infosys Technologies said on Friday.
In a long e-mail interview, Infosys Co-Chairman Nandan Nilekani speaks about his new post, his company's future, his dreams and aspirations.
Check out the arrivals.
The much-awaited demutualisation of Bombay Stock Exchange was completed on Friday after Asia's oldest bourse sold its 51 per cent stake to 21 investors.
India's second largest software exporter Infosys on Tuesday said it is pursuing 15 deals worth $100 million overseas, while it expects to earn more than five per cent of its total revenue over the next 5 years from the country.
Actress Nandita Das talks about her choice of films and life in general, in this interview with Shobha Warrier.
The senior management of India's second-largest IT services provider Infosys Technologies on Thursday insisted that all was well with the company's performance, and the IT sector as a whole.Infosys CEO and MD S Gopalakrishnan said, "Our margins (the company saw a 2.8 per cent improvement in its operating margins or OPM this quarter) are very good. We see a positive growth for IT services. It appears to be stronger this year than before."
Infosys has a long way to go as far as IT business is concerned, said Kris Gopalakrishnan, CEO Infosys Technologies Ltd.
Infosys Technologies co-chairman Nandan Nilekani is working on a book "on weekends". The book, to be published by Penguin, will be out next year.
In an hour-long chat on rediff.com, one of India's most respected CEOs talks about leadership, the vision he has for the company, the impact of the rupee, et cetera.
There is lot of mutual respect among the founders of Infosys. We have similar value systems. We have a long-term view of the business. We want to create a respected institution, says S Gopalakrishnan, President, Infosys.
An interview with Nandita Das where she talks about her experiences acting in Adoor's film Nitya Kanyaka.
Kris is gentle but firm, consultative yet decisive, and thoughtful yet action-oriented
Like the Filmfare awards and Hollywood's Oscar awards, there are some amazing facts you may not have known about India's most prestigious awards.
Indian IT firms have been announcing incremental increase in billing rates for quite some time now to counter wage hikes and rising visa costs, to name a few.
The Case of the Bonsai Manager is not about plants or Perry Mason. It's about today's managers who, author, R Gopalakrishnan suggests, need to learn to be more intuitional in decision-making.
The accident occurred at 7:45 pm while the pilot was attempting to land the B737 Air India Express from Dubai at the tabletop runway of the Karipur International Airport.
The latest updates from the Malayalam film industry.
IBM on Thursday launched a new Services Innovation and Research Centre in Bangalore that would focus on innovative technologies for improving IT services.
IT major Infosys Technologies said on Thursday it would soon open a 200-seater BPO facility in Mexico, its first in Latin America, and is also looking at other countries to start such units.
My focus would be to make Infosys more competitive, increase productivity further, continue to be a leader in corporate governance, attract the best of global talent and enhance brand equity
Nilekani is an organised person and his strength is simplification of complex ideas, said Murthy.
After committing billions of rupees in the overseas market, Tata Group is going on a growth overdrive in the domestic market, earmarking Rs 1.2 lakh crore for investments in the next 7-8 years.
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