Bonus shares are free shares given to the existing shareholders of a company
Erin Green, former head of immigration, Infosys says says only the loss of a big client could push Infosys to correct its internal corporate culture.
The 34th annual general meeting (AGM) of IT major Infosys held Monday was an exceptional one.
S Swathi, employed with software giant Infosys, was found dead with cut injuries on her face and neck around 6.30 am on a platform in Nungambakkam railway station, police said.
With the appointment of Vishal Sikka as CEO and Managing Director of the company, IT major Infosys has elevated 12 leaders to the position of Executive Vice President with additional responsibilities.
Infosys Technologies Ltd plans a sponsored secondary ADR program. The company board okayed sponsorship of an ADR issue of 2 to 3 million shares, equivalent to 4 to 6 million ADRs.
The Federal Retirement Thrift Investment Board's (FRTIB), one of the US government's main retirement funds, decision to change the benchmark index for gaining international exposure will channel $3.6 billion (Rs 30,000 crore) inflows into domestic equities. India has a weightage of 5.3 per cent, seventh-most in the new MSCI ACWI IMI ex USA ex China ex Hong Index, which FRTIB now plans to use. India isn't part of the current developed markets-dominated MSCI EAFE index that the pension fund uses.
To hire 300 graduates in those regions in FY15; moves staff with strong tech skills into sales.
The curtains are set to come down on one of India Inc's most celebrated succession dramas.
As front-runners for the CEO positions leave, speculation is rife that Infosys will have to look for a suitable candidate outside the company.
Ranganath has held several leadership positions.
Even as Srini Pallia, a Wipro veteran, is set to take charge as the chief executive officer (CEO) of the company, analysts expect the stock's underperformance to continue in the near-future. This, they believe, will be on the back of likely loss of market share, and difficult business environment. "We expect Wipro to underperform peers on growth once again in FY25 as channel checks and media reports suggest Wipro is losing share with select clients across multiple verticals.
To recruit 1,500 by March 2015 and to add 600 graduates, postgraduates over the next 12 months
"There was not a single decision that I took during my second tenure without discussing it with Ranga and getting valuable input from him," says Narayana Murthy.
IT major Infosys on Tuesday showed the door to Abraham Mathews, CFO of its BPO subsidiary, for not complying with the code of conduct, while CEO Gautam Thakkar has resigned taking responsibility on moral grounds.
In another significant senior-level realignment at Infosys, V Balakrishnan, one of the two internal candidates being considered for the chief executive's post, has been given additional charge of the new utilities and resources vertical.
The company should reward the confidence of the shareholders by returning some cash to them.
She was among the key executives brought in by Sikka from SAP and was overseeing large deals
Foreign investors hiked their stake in Infosys to a nine-year high of 42.10 per cent in the January-March period of 2014.
Infosys has tried to bring stability to the troubled company, which was struggling to maintain its growth momentum in the changing dynamics of technology industry.
The process is long-drawn, meticulous, and in consonance with the company's stated vision: 'To be a globally respected corporation that provides best-of-breed business solutions, leveraging technology, delivered by best-in-class people.'
Founders have made it very clear that their only interest lies in protecting core values of the company and do not have any interest in running the company, he pointed out.
The report, published by brokerage firm Ambit Capital Research, also says the promoters hold disproportionately high board representation with respect to their total shareholding in the Bengaluru-based company.
The development comes at a time when Infosys' shares are trading at a record high.
Besides, the company has sought nod from shareholders for issuing bonus in the ratio of 1:1
The audited consolidated financial results of the company and its subsidiaries as per Indian GAAP would also be\nconsidered at the board meeting.
India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as "decent" in view of the global macroeconomic conditions.
Most high-profile exit since co-founder Narayana Murthy returned to the helm.
In a major setback to Infosys Technologies, the company announced that Mohandas Pai, the member of board of the company has decided to resign. Meanwhile, Infosys -- India's second largest software services exports firm -- posted a net profit rise of 17.1% y-o-y to Rs 1,818 crore (Rs 18.18 billion) in its net profit for the fourth quarter ended March 31, 2011 as compared to Rs 1,600 crore (Rs 16 billion) in the corresponding quarter a year ago.
Rohan Murty, Infosys co-founder NR Narayana Murthy's son, is working as an executive assistant to his father, CEO and Managing Director SD Shibulal said on Friday, addressing concerns about his role.
The board of directors, at the meeting held on April 13, has accepted the resignation of Parvatheesam K and the resignation is effective from the end of business hours of April 13, it added.
After the IT giant declared a bonus, investors selling shares may have to shell out 4-5 times more tax
IT major Infosys Technologies Ltd on Thursday said that it would invest Rs 800 crore more during the current fiscal.
Slow growth over several quarters has drawn criticism from various stakeholders including the shareholders.
Experts believe the merits of Infosys' insiders lie in their youth.
In August, Vishal Sikka had spoken about a new strategy, focused on renewing core business while building new capabilities like design thinking at the same time.
The exit of Ashok Vemuri, board member and head of the Americas and manufacturing at Infosys, seems to have shaken the company's much-prided succession plan.
Among the Sensex shares, Infosys rose the most by 1.37 per cent, followed by Larsen & Toubro (0.90 per cent), and Wipro (0.83 per cent). HDFC Bank, ICICI Bank, Reliance Industries, ITC, TCS, Kotak Bank, Asian Paints and Titan were among the lead gainers.
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