Looking at the forthcoming year, while there will be macroeconomic challenges, industry in India is better off because we are still growing. If we manage the next 12-18 months, we should emerge stronger, says S Gopalakrishnan.
TechHub, which seeks to promote an exchange of ideas and forging of collaborations, was inaugurated by Nick Clegg, deputy PM, UK.
Infosys has a new M&A head to enhance trust on inorganic growth.
In its 25th year of operations, software major Infosys on Friday said it was seeking to become a 'much more' respectable and global company with a truly multi-cultural and multi-ethnic workforce.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
Infosys new chief executive officer and managing director Vishal Sikka took charge of the company in August.
Year-on-year revenues rose 23.2 per cent.
Indian IT major Wipro on Saturday announced the resignation of its CEO Thierry Delaporte and named Srinivas Pallia as the new chief executive officer effective immediately. Wipro's Board noted the resignation of Delaporte with effect from April 6, 2024, the company said in a BSE filing, and added he will be relieved from the employment of the company with effect from the close of business hours on May 31, 2024.
"It may not affect the industry, but there would be change in the perception and image of the industry if trade unions are introduced," Gopalakrishnan told a meet-the-press programme in Bangalore.
Shares in Infosys Ltd rose as much 6.7 percent on Friday, after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.
Infosys on Friday reported a consolidated net profit for second quarter up 1.6 per cent year-on-year to Rs 2,407 crore.
Murthy said there was a need to change the mindset of the employees to focus on large deals.
This is the first time that the company has acquired land on its own without seeking the assistance of the state government's land acquisition agency, Karnataka Industrial Area Development Board.
Infosys Head India Business Unit C N Raghupathi said for the manufacturing sector, the key areas to focus on include new product innovation.
French power equipment major Alstom on Tuesday said it was setting up a joint R&D centre with software giant Infosys Technologies in Bangalore with an investment of $39 million over the next three years.
In January, Gopalakrishnan had donated Rs 225 crore (Rs 2.25 billion) to set up a brain research centre in a joint effort between IISc and a trust formed by him and his wife.
Infosys recently hosted its first-ever global hackathon, which was held across 20 locations and saw participation from over 1,100 employees.
The fresh meat and seafood delivery startup Licious plans to set up 500 stores nationwide within the next five years as part of an omnichannel strategy. The aim is to attract new users in the offline channel and encourage them to transact online as well. The move would also help the company in its efforts to achieve profitability and go for an initial public offering (IPO) in the next 24 months, according to the sources.
Infosys' co-founders, S D Shibulal and S Gopalkrishnan, on Tuesday launched Axilor Ventures, a business incubator and platform for supporting innovation and entrepreneurship.
Its consolidated net sales was Rs 3,773 crore (Rs 37.73 billion).
Infosys is boosting its investments in training by more than two-and-half-times to Rs 1,600 crore (Rs 16 billion) besides adding to the seating capacity, as scramble for talent in the industry gains further momentum.
During the year, he received a total compensation of $1.3 million (Rs 7.8 crore), including a salary of $844,453, bonus and incentives of $281,415 and other compensation of $154,143.
Gopalakrishnan, who is the immediate past President of CII, is the Chairman of the summit.
It is not that platforms and products are something that Infosys has not tried earlier.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
A few analysts were surprised by the revenue growth of 3.8 per cent; many had expected revenue growth to be 2.5-2.7 per cent.
The Infosys co-founder has filed a complaint with the Election Commission against his opponent in Bangalore South
'I tell those in their 20s that age is on their side and they should start exercising early.' 'Just like investing in good stocks, if they start early, they will get the multiplier effects of being healthy, fit and strong later in life.'
Hyderabad has possibly the best infrastructure for IT in India today, says Infosys chief financial officer T V Mohandas Pai.
IT services major Infosys, which has been battling high attrition rates, expects the situation to continue for a few more quarters before it can be brought down to "comfortable" levels, its Chief Operating Officer U B Pravin Rao said.
JP Morgan has reiterated its negative stance on Indian information technology (IT) services and downgraded the sector to underweight (neutral earlier post Q4-FY23 numbers), as it believes the overall demand environment for the sector still remains weak. The research firm expects most companies in the sector to disappoint while announcing their first quarter numbers for the current fiscal (Q1-FY24). Among stocks, it has placed Infosys, TCS, MphasiS in its 'negative catalyst watch'.
Meet Sudha Murty and N R Narayana Murthy's daughter whose husband Rishi Sunak is the frontrunner to be Britain's next prime minister.
At the time of the media maelstrom around her non-dom status, she hit back at implications that it was in some way indicative of her stronger bond with India than the UK.
How many of us really read about the company ahead of a job interview?
