Come August 2011, N R Narayana Murthy -- the chairman and chief mentor of India's second-largest IT services firm Infosys Technologies -- will sport the designation of chairman emeritus. It is a position which Infoscions and the senior management team have decided to confer on the person who co-founded the company with six others almost 29 years ago.
As many as 13 RRBs have finished implementing Finacle CBS solution for their operations.
The reason for the postponement couldn't be immediately ascertained.
Infosys is now testing with five or six global clients
Software firm dismisses charge, says Finacle has proven ability.
Advisory firm Institutional Investors Advisory Services (IIAS) has advised investors to vote against a resolution seeking the reappointment of the statutory auditor of technology major Infosys.
Hyderabad has possibly the best infrastructure for IT in India today, says Infosys chief financial officer T V Mohandas Pai.
Promila Awasthi, an India-born American citizen, alleged her former bosses mocked her for observing American holidays like Thanksgiving and Christmas
The Indian arm of global FMCG major Unilever, Hindustan Unilever, was ranked at the fourth spot, Aditya Birla Group was at the sixth spot, Infosys Tech was ranked eighth and another IT major Wipro cornered the 10th slot.
Infosys Technologies beat its own revenue guidance with better-than-expected second quarter (July-October) results, indicating an overall improvement in business and demand.
We have to really focus on improving productivity: infy, COO
Ajit Mishra answers reader queries on the stock market.
There are signs that the worst may be over for the company, not withstanding management issues.
Market experts believe TCS to post better quarterly earnings vis-a-vis Infosys.
Infosys BPO Ltd, the business process outsourcing operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources.
Infosys Technologies on Tuesday announced that it worked with Airbus on its A380 programme.
A day after she praised Rohan Murthy's performance at Infosys' board meeting, the firm's newly-appointed independent director and Biocon head Kiran Mazumdar Shaw on Wednesday apologised for the remarks.
Infosys has officially announced offering its clients new engagement models including outcome based pricing and transaction based pricing. According to a senior company executive, the clients accepting these models as they ask for 'no immediate pay-out of cash' and 'pay money per transaction basis.' These models can also be helpful for the clients to deal with the demand fluctuations and effectively manage their budgets.
He will get annual base salary of $1.3 million apart from bonus.
In the current fiscal (2009-10), the company expects that this may further go down to about 50 per cent. "In fiscal 2010, we expect the variable pay for the senior management to be less than 58 per cent," said Infosys head of HR, education and research T V Mohandas Pai. He is also a member on the Infosys' board. Variable component is as high as 50 per cent in the total pay packet of the senior executives whereas the fixed component constitutes the other half.
Infosys is developing three more projects at Electronics City.
The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards.
IT major Infosys Technologies announced on Tuesday that it was contributing Rs 5 crore (Rs 50 million) to the Prime Minister's National Relief Fund to assist the victims of tsunami that ravaged South and South East Asia early last Sunday. \n\n
India's second-largest IT services provider Infosys Technologies has hired recruitment services provider MaFoi to help its employees who fail to pass the final test to gain employment elsewhere.
It is really unfortunate that this happened during a downturn. We think that in the short term, customers will ask for higher comfort level, which will enable us to go in for more trust-building, says S (Kris) Gopalakrishnan.
The Army on Thursday foiled an infiltration bid in north Kashmir Uri sector killing five infiltrators. This is the first infiltration bid in the Uri sector this year, according to a defence spokesman.
"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.
Maoists violence, militancy in Jammu and Kashmir and insurgency in the Northeast continued to be the top areas of concern for the country's internal security in 2011 with Left wing extremism claiming the most lives.
Infosys CEO and MD S D Shibulal took home a smaller bonus in the past financial year.
But, despite the exits, RIL continued to top the list of stocks with maximum number of FII shareholders.
Brazil's alternative energy company, Cemig, tops the list of Environmental Tracking (ET) BRICS 300 Carbon Ranking.
Q4 turned out to be a much softer quarter than we expected, and some of the ramp-ups did not happen.
Balakrishnan, Pai write to board, seek correction in 'dramatic valuation disconnect' between shares of Infosys and its peers.
N S Raghavan, one of the co-founders of Infosys, is expanding his presence in the hospitality sector.
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