The current (third) decade of IT services is based on process improvement and creation of intellectual property
Infosys, for long, had been trying to strengthen its consulting practice as clients are now asking for more advisory-related work. Consulting and enterprise solution business together constitutes about 25 per cent Infosys' business today.
Infosys had earlier requested the court to decide the case filed by its former employee Jack Palmer on the alleged B-1 business visa misuse by an arbitrator instead of a judge or a jury.
Two days after the West Bengal government scrapped the ambitious IT project at Rajarhat, the Congress on Wednesday said IT majors like Wipro and Infosys should be given alternate land elsewhere in the state.
The IT industry advisories show that they think they've weathered the worst, observes Devangshu Datta.
Fanfare of FIFA World Cup 2014 travels continents as Indian techies root for the tournament
The West Bengal state government has delayed project approvals. And now, the IT giants may look at other states as the centre is thinking of giving sops to SEZs
'Fresh recruitments would start only after demand picks up.'
Despite the recessionary phase hitting the bottom-line of the country's IT sector, the northern region appeared to have remained insulated as total IT exports from this region grew by a whopping 30 per cent, with Infosys becoming the top exporter.
I think the September quarter results will not dissappoint. And markets could rise steadily.
Company to invest $125-150 million to open a development centre in Shanghai.
Though Infosys did not elaborate why it has parked more money with PSBs, bankers indicated the prime reason was the high deposit rates. Large private players such as ICICI Bank, which were till early last year offering higher interest rates, have withdrawn from that segment. In contrast, till November-end, PSBs were offering up to 400 basis points higher on bulk deposits to mop up resources for the increase in demand for loans.
Check out what happened in the world of business this past week.
CEO probable says the new role as president could not have come at a better time
Infosys executive co-chairman Kris Gopalakrishna today said IT industry should create new products and revenue streams to achieve the $300 billion revenue target by 2020.
IT major Infosys Ltd on Wednesday maintained that its performance in the first quarter ending June 30, 2005 will be flat while it is acquiring new clients at better prices.
Infosys already works with a communication services provider major in Western Europe in the digital TV space. The company has a solution called modular content accelerator which serves as an interface between stakeholders of consumer marketing and IT. The solution provides an operator the means to efficiently manage content catalogue, bundled offers and pricing, apart from providing interactive services through multi-media content storefront.
Indicating a slowdown in hiring activities in the IT sector, the country's second largest software firm Infosys on Tuesday said it plans to hire about 25,000 people in the current fiscal, nearly 29 per cent less than the total recruitments in the last financial year.
Significant weakness in banking, metal and technology stocks saw the index slide to a low of 15,125 - down 455 points from the day's high. The Sensex recouped some losses but eventually ended with a loss of 292 points at 15,212. The NSE Nifty shed 68 points to settle at 4,552.
Deals worth $27 billion are up for renewal. Of these, almost $1.7 billion worth of contracts are currently with Indian services providers, said data from TPI.
The Infosys facility will come on over 50 acre it received from the West Bengal government.
Infosys has raised its annual revenue growth guidance in constant currency terms to 8.4-8.8 per cent for the current fiscal.
For innovation, Bharti Airtel and ICICI Bank are followed by Infosys, TCS and HCL Technologies in the top five. These are followed by Anil Ambani-led Reliance Communications, Wipro, Satyam, M&M and Hindustan Lever (now known as Hindustan Unilever in the order of their rankings.
London Business School will host a one-day global forum for senior business leaders here on November 20.
Information Technology major Infosys Technologies on Monday said it will convert 16 million shares traded in India into American Depository Shares that would increase the float of its stock in the US stock market.
Transcript of the market chat with expert Pranav Sanghavi.
"The company currently employees 950 people, atleast in next twelve months, we should get to a level of around 1,500," Infosys BPO managing director and chief executive officer Dandapani Swaminathan told PTI.
India's efforts at improving the chances of becoming a force in global IT industry depend on factors such as IT policies, infrastructure-building, education, innovation and investment, said Kris Gopalakrishnan, CEO, Infosys.
In its biggest fall in nearly three years, Infosys on Friday plummeted by about 13 per cent, wiping out nearly Rs 20,000 crore (Rs 200 billion) in market value.
India's top three IT companies are going to recruit 90,000 more in the Financial Year 2008, a top Kotak Mahindra Asset Management official said in Mumbai on Wednesday.
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