While today is an extended holiday for many employees in the IT sector who are enjoying the long weekeed, it is not a total shutdown across India.
It said the decision was a result of the United States government's 'pro-growth economic agenda'.
Ending all speculation, Infosys, India's second largest IT services company today announced Vishal Sikka, the former chief technology officer and member of executive board at enterprise software maker SAP, as the new CEO & MD.
Infosys Chairman Narayan Murthy equated the present economic crisis in the US to the Great Depression. "The present crisis in the US reminds me of the 1929 depression. More signals are emanating of the 1929 depression than the 70s' one. I have a suspicion that it (the present crisis) could be a longer one," he said. A recovery from the present crisis may take longer than 18 months, he said.
Training a person for 16 weeks (4 months) in the US costs something like $50,000 (around Rs 21.25 lakh). However, the education system is much better in the US. So we provide short-term training courses of about 15 days for new recruits there
'IIM Ahmedabad has seen one of the best placement seasons ever and this change can be attributed to the markets opening up after the pandemic.'
GSTN is planning a disaster recovery drill and hence services will not be available for 12 hours, between 9am and 9pm, on July 1, and has requested the taxpayers to plan GST-related activities on the portal accordingly.
Faced with a spate of senior-level exits, Infosys co-founder N R Narayana Murthy has written to employees to reassure them that the "leadership changes" will be in the "best interest" of the company.
Cost cutting has begun to deliver; analysts say the real turnaround will come when Murthy's impact is evident on sales and delivery.
All 28 of the candidates in the state suffered such humiliating defeats that they lost their deposits; treating this as a learning exercise, AAP is now preparing for the Bangalore civic body polls. Vicky Nanjappa reports.
Will Nandan Nilekani actually fight the elections? While the I-T czar says the question is speculative, here's our list of 10 eminent business leaders who should get on the stump.
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
Infosys, TCS, Wipro and HCL Technologies are actively pursuing acquisitions to make up for slower growth in their traditional business.
"I think the people, who have been joining in the last one-two years, have a feeling of restlessness among them," T V Mohandas Pai, who is in charge of human resources at the Bangalore-headquartered Nasdaq-listed firm, said.
Indian companies, Narayana Murthy said, should not underestimate China which was an "extraordinary nation and if it decided to put its soul into something it did it well."
Infosys has been in the eye of the storm on alleged violation of H-1B and business visa norms on several occasions in the US
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.
An ostensible reason for the demerger was the low profitability of the non-IT business, which was a drag on Wipro's bottom line. It accounts for 14 per cent of the company's turnover but only 6 per cent of its operating profit.
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.
Infosys chairman N R Narayana Murthy may still be smarting from a spat with a politician, but he was on Saturday asked by Singapore's Prime Minister Lee Kuan Yew
Infosys co-founder and Congress candidate from Bangalore South Nandan Nilekani has conceded defeat to his formidable rival BJP's Ananth Kumar even as the counting of votes progressed.
'For the first time in India since the year 1600, we have an opportunity to participate in the global bazaar.'
Fighting Nandan Nilekani to extend his record winning streak in Lok Sabha polls here, senior Bharatiya Janata Party leader Ananth Kumar says the former Infosys chief has committed "hara-kiri" by fighting on a Congress ticket as the party on Sunday symbolises "corruption and scams".
In a swift damage control exercise, Karnataka Chief Minister N Dharam Singh on Thursday said he would persuade Infosys Chairman N R Narayana Murthy to withdraw his resignation as the Bangalore International Airport Ltd chairman.
The Karnataka unit of the Bharatiya Janata Party on Friday petitioned electoral authorities against Unique Identification Authority of India Chairman Nandan Nilekani, tipped to be the Congress's candidate from Bangalore in Lok Sabha polls, taking exception to his name and picture figuring with Aadhar Card advertisements when the Model Code of Conduct is in force.
Top decision-making body, executive council, will be dissolved on April 1.
Narayana Murthy, head of software giant Infosys Technologies, has been appointed Thailand Premier Thaksin Shinawatra's adviser on information technology matters.
IITians need to play a larger role in nation building and contribute to society. This could vary from mentorship, creation of jobs and broader wealth creation, said Nandan Nilekani, co-chairman and co-founder of Infosys Technologies Ltd, during the weekend.
Focus has to be a lot about self-learning, says Nasscom Senior VP Sangeeta Gupta.
S (Kris) Gopalakrishnan speaks on the outlook for Infosys and the sector.
Now that Bangalore has the 'Namma Metro', will Mysore too play host to a mass rapid transit system?
Infosys may have put the visa misuse investigations behind it through a civil settlement with the US authorities, but experts believe that the episode might drag its other peers under the scanner.
Dismissing reports that he might step down from office to take up a diplomatic assignment, Infosys Chairman and Chief Mentor N R Narayana Murthy on Saturday said he would continue to be at the helm of affairs till he is 60 in August 2006.\n\n
Mumbai-based IT products and services firm Aftek Infosys Ltd said on Thursday that it has entered into a joint venture with UK-based IT firm in the wireless and mobile area.
