Proxy advisory firms say the praise on Twitter was uncalled for.
Pai argued that at a time when the salary for entry level software engineers had not been raised in the IT industry in India for the past seven years, it was totally wrong to hike the compensation for top-level executives.
The company, which saw a pricing pressure of 5-6 per cent in the last two quarters, believes that most of the pricing negotiations are completed and about one-third of pricing pressure has been factored in the company's guidance. However, Shibulal does not rule out some tail-wind effect in this quarter as well.
Financial details of the project, awarded by the department of industrial policy and promotion, were not disclosed. The eBiz Project announced on Tuesday is among the 27 central, state and integrated mission mode projects under the National e-Governance Plan of the Department of Information Technology. Under it, Infosys will also do training, workshops, promotion and awareness campaigns.
Shibulal plans to commission biography of his wife
India's second-largest IT services firm, Infosys Technologies, has set up a separate unit within its business process outsourcing arm (Infosys BPO) to concentrate solely on the domestic BPO market.
Mamata says IT giant will not get SEZ status
"Employees who have been consistently demonstrating poor performance were counselled out. Less than 1 per cent of our 11,250 employees in Chennai and 11,496 employees in Hyderabad have been impacted. As for the Thiruvananthapuram centre, less than 1 per cent of the 1,800 employees were impacted," said Mohandas Pai, member of the board, director, human resources, Infosys Technologies.
Pai sought to look at the issue of founders raising questions as shareholder activism.
Their investments in start-ups exceed Rs 1,000 crore at present.
said its consolidated net profit has gone up by 7 pc to Rs 3,708 crore while total income in the October-December quarter rose 8.3 pc to Rs 18,093 crore.
After four months of slide, the week since it announced a new CEO has seen the Infosys scrip gaining nearly 50 basis points in index weight.
IT major Infosys Technologies Ltd is not seeing any trend towards downward pressure on pricing by clients, its CEO and managing director S Gopalakrishnan said on Wednesday. "We are not seeing any trend towards driving down pricing", Gopalakrishnan told reporters in response to questions on the sidelines of a press conference of The Indus Entrepreneurs (TiE).
Work on the 340-acre campus expected to be completed by April this year
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
Q3 revenue growth estimated at 1-3% q-o-q, currency headwinds to weigh
According to a survey by global market and insight group TNS, Intel, Maruti and TCS take the next three spots on the reputation front. The report said State Bank of India's rise to number three is on the back of strong reputation amongst the financial community and prospective employees, representing stability in the face of the several crises that hit the financial services industry in the last year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Shareholders bid adieu to the co-founder and chairman who will retire in August.
20 Indian companies, including Infosys, Wipro, TCS, made it to the top 100 global outsourcing companies.
The curtains are set to come down on one of India Inc's most celebrated succession dramas.
India Inc believes that the FM has done a terrific job, but consumers may not have got their due.
India would become the important centre for IT services in the next five to 10 years.
Infosys Technologies and BT have won the National Outsourcing Association award for Innovative Outsourcing Project. The field optimisation suite (FOS) jointly developed by BT and Infosys Technologies Ltd bagged the award for the year 2007.
Analysts wonder if the firm will discontinue giving annual guidance.
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."
IT services provider, Infosys Technologies, is likely to effect certain management changes amid industry speculation is rife that Nandan Nilekani, co-chairman, may relocate to the US for professional and personal reasons.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
DLF, with Rs 1,14,745 crore (Rs 1,147.45 billion) market capitalisation, has grabbed the seventh position, relegating Infosys, with Rs 1,11,357 crore (Rs 1,113.57 billion) m-cap, to the eighth position.
Finacle, the core banking software product from Infosys, has been positioned in the leader Quadrant in the recently released 'Magic Quadrant for International Retail Core Banking 2006' report.
In a surprise move on Thursday, Infosys President and board member B G Srinivas, considered a top contender for the first non-founder chief executive officer post, resigned from the company.
Ex-CFO says new incumbent steps in at the right time, will be able meet to meet challenges.
His resignation comes at a time when the company ventured in acquisitions. Bala has been one of the key players in driving this inorganic growth strategy.
Refutes claims of differences between board, founders and Sikka; board needs to do better scrutiny, says Mohandas Pai.
Infosys moves closer to its clientsand its U.S. competitors.
Quits as SAP board member; had made presentations before Infy board in January.
Having his feet on the ground, Infosys chief talks of the industry's challenges, his company's changing focus and the new business model that will use a lot more of cloud computing.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances