After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry. Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources. The company has said it is aligning its business and talent to the changing market environment.
Infosys has brought back the old structure of shared responsibility between the CEO and the COO
What do you, dear reader, have to say about Rohan Murty's elevation in a company founded by his father? Is it a case of nepotism, or no?
Group of ministers to review progress every fortnight.
Sikka has influenced the company to break away from the old mould in more ways than one.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
Infosys on Friday posted healthy growth in earnings for July-September 2013, and raised the lower end of its FY14 revenue guidance, indicating the company had regained its momentum.
The latest whistleblower complaint accusing him of pressuring finance team members to inflate profitability has come right out of the blue. There's another allegation that he made racist remarks against some board colleagues. For a man with a singular focus on the business and clients, all of this must have blindsided him.
Infosys as working on becoming "independent of the visa issue" as much as possible and hire more locals
The award has been instituted by the Palladium Group Inc, a leading global professional services firm that enables companies to better measure and manage performance using the BSC approach, Infosys said in a statement.
Infosys, as part of performance improvement programme, allows 'poor performers' to undergo training to get into shape.
Infosys added 10,997 employees (gross) in the last quarter of FY'14 and 39,985 during the fiscal to take its total headcount to 1,60,405 people.
An initiative of Nandan Nilekani's EkStep Foundation, people+ai on Tuesday unveiled its vision for the future of Artificial Intelligence (AI) in India, dubbed 'Adbhut India' (Amazing India). It aims to harness AI as a powerful tool to enhance the lives of all Indians. The event marked the rollout of several initiatives by people+ai that are focused on discovering, demonstrating, and disseminating population-scale AI use cases for India.
The migration of domestically developed intellectual property to foreign corporations within India reflects an anomaly in the demand pattern of the country's job market, points out Kanika Datta.
Software services firm Infosys Technologies has imposed a fine on its chief executive officer S 'Kris' Gopalakrishnan and an independent director Jeffrey Sean Lehman for violating company rules.
Infosys chief Kris Gopalakrishnan on Wednesday expressed hope that DTC and GST will be pushed through in the forthcoming budget, while Genpact vice chairman Pramod Bhasin feared economic reforms will be tough going forward.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
The IT major had reported a net profit of Rs 3,398 crore in the year-ago period, it said in a BSE filing.
Grandchildren and books will take up most of NR Narayana Murthy's time after he retires for the second time from the company he co-founded with six friends over three decades ago.
Top-level exits at Bangalore-based Infosys may have led to concern about the company's medium-term growth, but these have contributed to Executive Chairman N R Narayana Murthy's strategy of cost optimisation.
Employees, clients concerned about further top-level exodus; could hurt productivity, say experts.
Infosys has a new M&A head to enhance trust on inorganic growth.
Unfazed by the exodus of top executives, Infosys co-founder and Executive Chairman N R Narayana Murthy on Friday said he wished luck to those who quit the firm and said the company has a strong cadre of leaders and that its future will not be "compromised".
Companies are expected to firm up their business plans for the second half of the year.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
K V Kamath says he can never step into Narayana Murthy's rather large shoes, but would do his best to ensure Infosys continues to adhere to the highest standards of corporate governance.
Shares of Infosys today closed at Rs 1,065.35, down 1.95 per cent from the previous close on the BSE.
The company has been at the centre of an outcry over visa abuse.
Already facing an exodus of top management, Infosys is also struggling to retain talent at mid and junior levels, with 1,823 people leaving the firm in the October-December quarter.
Murthy will hand over his role to K V Kamath, who has been an independent director on the Infosys board since May, 2009.
We have to walk a very fine line between our desire to mobilise more and more taxes or having higher percentage of taxes, he says
Slow growth over several quarters has drawn criticism from various stakeholders including the shareholders.
I have no hesitation to say that the cultural milieu is different, said chairman R Seshasayee in a rare media interaction.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Gender diversity is important to the success of companies,he said.
Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore in the country's second largest software services firm.
Why top executives are trading cushy jobs for start-ups
Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company.
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