Infosys aims to commission 55 MW of solar plants by end of 2016.
Among Sensex gainers, Power Grid jumped the most by 4.16 per cent after its board approved an investment of Rs 656 crore in transmission projects. Private lenders HDFC Bank, Axis Bank, Kotak Bank, IndusInd Bank and ICICI Bank were also among lead gainers. NTPC, Nestle and Hindustan Unilever also ended the session with gains.
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.
Tech Mahindra was the biggest loser in the Sensex pack, slipping 4.59 per cent, followed by Asian Paints, Wipro, Kotak Mahindra Bank, Bajaj Finserv, Infosys, ITC, Mahindra & Mahindra, Hindustan Unilever, IndusInd Bank, Reliance Industries and JSW Steel. In contrast, Larsen & Toubro, Bharti Airtel, Power Grid and Axis Bank were among the gainers.
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.
The company has decided to consolidate its delivery functions horizontally
Infosys to open first overseas campus in China
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Infosys will declare its July-September quarter earnings on Friday.
Infosys has raised its annual revenue growth guidance in constant currency terms to 8.4-8.8 per cent for the current fiscal.
Among the Sensex firms, Larsen & Toubro, Tata Consultancy Services, Infosys, HCL Technologies, Hindustan Unilever, Axis Bank, ICICI Bank and Wipro were the major gainers. Nestle India, Asian Paints, JSW Steel, Kotak Mahindra Bank and HDFC Bank were among the losers.
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.
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.
Among the Sensex firms, Power Grid, ITC, JSW Steel, ICICI Bank, Tech Mahindra, Infosys, IndusInd Bank and Mahindra & Mahindra were the major laggards. Sun Pharma, Reliance Industries, HCL Tech, Hindustan Unilever, Bajaj Finance and Maruti were among the gainers.
They expressed disappointment over the firm's performance.
Unless Murthy launches an aggressive search for a significant infusion of new blood, he will find it difficult to implement the dramatic changes to Infosys' fortunes that everyone expects him to, says P R Ganapathy.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
He may make a comeback as co-chairman at India's second largest software exporter.
Infosys, the country's second largest IT services firm, is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.
Be it the industry laggard performance or harassment allegations by overseas employees, Infosys has a tough road ahead and investors will look at Sikka to sort out the issues.
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.
With this deployment, Central Industrial Security Force will now extend the security cover being provided to Infosys, covering Infosys' largest facilities in Mysore, Pune and the company's headquarters in Bengaluru.
After the IT giant declared a bonus, investors selling shares may have to shell out 4-5 times more tax
Infosys co-founder N R Narayana Murthy stirred a storm on X when he said young people should work 70 hours a week to level up the country's productivity. In a conversation with former Infosys CFO Mohandas Pai in the inaugural episode of 3one4 Capital's podcast 'The Record,' Murthy said that youngsters should put extra hours at work to compete with leading economies. "India's work productivity is one of the lowest in the world. Unless we improve our work productivity...we will not be able to compete with those countries that have made tremendous progress," he said, comparing India with China, Japan and Germany.
Former President A P J Abdul Kalam felicitated the six winners.
While growing up, Infosys was a real role model to all of us. The opportunity to lead this iconic company is something amazing, says Vishal Sikka.
Palmer had previously tried to take Infosys to court, but his earlier case was dismissed .
The first-quarter performance of top IT services players, as well as mid-cap firms, has been subdued, reflecting macro uncertainties. The numbers of the top four firms show several misses, hinting at difficult times ahead. One mismatch is the total contract value (TCV) signed by the firms and the revenue growth registered.
She was among the key executives brought in by Sikka from SAP and was overseeing large deals
Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23. It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).
Infosys Consulting Inc, the strategic consulting arm of IT services giant Infosys Technologies, is planning to acquire a small consulting company with revenues in the $100-140 million range (Rs 450-650 crore) as part of its inorganic growth initiatives in the US.Market sources said Infosys had been looking at a suitable acquisition target in the US with consulting expertise in verticals like aerospace, retail, healthcare and financial services.
State government says Infosys is Karnataka's baby and it will give the company full support to stay in the IT Park.
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
Questions are also being raised over Infosys' rational to maintain high margins, especially in a difficult macro environment.
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
Among the Sensex firms, HCL Tech, Wipro, Tata Consultancy Services, Tech Mahindra, Nestle, Tata Motors, Infosys, Bharti Airtel, UltraTech Cement and Tata Steel were among the laggards. On the other hand, Axis Bank, HDFC Bank, ICICI Bank, JSW Steel, Mahindra & Mahindra and Kotak Mahindra Bank were the major gainers.
Among the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, ICICI Bank, Nestle, Tata Consultancy Services, HDFC Bank and Reliance Industries were the major laggards. Mahindra & Mahindra, JSW Steel, NTPC, Power Grid and IndusInd Bank were among the gainers.
