To double revenues in four years; asks staff to 'think like a start-up', to brainstorm out-of-the-box ideas
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
Industry body Nasscom on Wednesday said it has formed a corporate governance and ethics committee to prevent Satyam-like incidents in future.
Analysts are of the opinion that given the change in the business model, which is resulting in smaller deals spreading across the whole year, clients may be already renegotiating prices.
India has now seen a positive growth and youngsters have greater responsibility to make this growth sustainable, non-executive chairman and chief mentor of Infosys Technologies, N R Narayana Murthy, said on Saturday.
Ever since India became a force to reckon with in software services, doing for clients what they want done, the big void that has been constantly talked about is its absence from the space of software products - those over which you own intellectual property rights.
Software Major Infosys today said all 18,000 students selected by it from various engineering colleges across the country in 2009-10 would join the company in July this year.
Company identifies areas like cognitive technologies, artificial intelligence, man-machine interface, robotics
The former Infosys business process outsourcing head's visiting card for his recently launched start-up, Antworks, says he's the 'chief everything officer'.
He becomes 2nd Indian to win this award; N R Narayana Murthy won it in 2003.
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
"There will be no layoffs in the Indian context and, as said before, we will be recruiting 25,000 people gross. We will make our people prepared for the upturn, which will happen. We are focusing on recruiting people and training them. We are focusing on education as this is a great opportunity to make a positive brand and image for the company. We are still seeing opportunities in the market," said Kris Gopalakrishnan, CEO, Infosys.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
On the second day of the summit, Indian vendors discussed ways to tackle the financial crisis head-on with innovation being the focal point. Most believed that there is enough opportunity within the country for the industry.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Squarely blaming the bureaucracy for India's slow progress, Infosys mentor Narayana Murthy said in order to bring accountability, the government needs to start performance-linked incentives.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
The new facility that would house Wipro's US cyber security centre would also serve as a hub for advanced analytics
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
Nandan Nilekani and Ajay Banga attended the Clinton Global Initiative.
The issue arose after TCS dismissed hundreds of employees in January 2015, leading to the formation of the IT Employees Wing supported by the NDLF.
IT industry always looks for talent with right technical capability, says Gopalakrishnan
A top infotech official has warned the Indian IT industry, already facing trouble spots such as wage inflation, high attrition rates and a strong rupee, cannot afford to sit on its laurels as global competition is on the rise.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
Indian names that figure on the list, but lower down the pecking order include Tatat (101). Airtel (rank: 252), Infosys (287), Life Insurance Corporation of India (292), State Bank of India (334), HCL (390), Indian Oil (427), Reliance (445) and Larsen & Toubro (464).
Global banking giant HSBC on Monday said Infosys chief mentor N R Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds (about Rs 52 lakh).
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
After quitting Infosys Technologies Limited as its senior vice-president and group head, human resources, Hema Ravichandar has now joined Mercer Human Resource Consulting as an independent consultant.
He said while the youth were interested in film heroines, they should not forget the people who fought for the nation's self-respect.\n\n
The US government should not only look at salary, but also focus on skills while making immigration reforms
Chennai's Great Lakes Institute of management (GLIM) has equipped its students with some knowledge of Mandarin, Chinese history and culture.
Students will have more H1Bs to count on after they graduate.
What do you think about Narayana Murthy stepping down? Will Infosys be the same again without him at the helm? Will it keep growing at the scorching pace it has set?
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
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