The 34th annual general meeting (AGM) of IT major Infosys held Monday was an exceptional one.
From humble beginnings in Baroda to a PhD from Stanford University and leading a turnaround at tech giant SAP, Vishal Sikka's zest for knowledge guided his decision to join India's second-largest software services firm Infosys as its next CEO and MD.
The Infosys facility will come on over 50 acre it received from the West Bengal government.
In his second year at the helm, Infosys CEO & MD Salil Parekh looks optimistic about the company's growth prospects. With stability back in the industry, Parekh, in an interview with Bibhu Ranjan Mishra and Debasis Mohapatra, says turbulence is over and Infosys is on its way to regaining its old glory.
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.
India's largest software services firm Tata Consultancy Services (TCS) said the tenure of its Chief Executive Officer and MD N Chandrasekaran has been extended by five years to October 2019.
Government is set to release CPI for the month of May and Index of Industrial Production IIP for the month of April today.
The senior management of India's second-largest IT services provider Infosys Technologies on Thursday insisted that all was well with the company's performance, and the IT sector as a whole.Infosys CEO and MD S Gopalakrishnan said, "Our margins (the company saw a 2.8 per cent improvement in its operating margins or OPM this quarter) are very good. We see a positive growth for IT services. It appears to be stronger this year than before."
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.
The 12-member team includes seven senior executives of MindTree, including Soota himself, three from Wipro and one from Infosys.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
The top driver for the Indian workforce while choosing an employer are salary and employee benefits, followed by work-life balance and job security.
S (Kris) Gopalakrishnan speaks on the outlook for Infosys and the sector.
Industry analysts say the companies are watching the situation.
Delaying action on climate change will hurt growth: Global CEOs.
Infosys Technologies beat its own revenue guidance with better-than-expected second quarter (July-October) results, indicating an overall improvement in business and demand.
iGate Patni is all set to compete with the likes of IBM, Accenture, Infosys and Congnizant.
India's top IT companies have shown a hiatus between their performance on the bourses in the pandemic period and earnings growth. The combined market cap of the top five IT companies - Tata Consultancy Services, Infosys, Wipro, HCL Technologies, and Tech Mahindra - is up 87 per cent since the end of March 2020. In comparison, the benchmark BSE Sensex is up 68 per cent during the period. So the industry beat the broader market by a big margin in the last one year.
IT major Infosys CEO and MD Kris Gopalakrishnan on Thursday expressed hope that the government would rationalise tax regime for the IT industry and extend the STP scheme to the medium and small sector in the Union Budget.
'His working style differs from his father as he is a quick decision-maker.'
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.
The gap between operation and inspiration created by the premature exit of Infosys Technologies' key founder, Nandan Mohan Nilekani, is being filled by his colleagues.
'Fresh recruitments would start only after demand picks up.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With this, the total strength of TCS's board has increased to 11.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period.
Despite lower growth scenario; companies say reworking strategy
The serial blasts in Mumbai would have no impact on Indian IT industry, thriving on outsourcing, industry leaders said on Wednesday.
Indian IT firms have been announcing incremental increase in billing rates for quite some time now to counter wage hikes and rising visa costs, to name a few.
India Inc's cash pile was up 13.8 per cent last fiscal year, thanks to a combination of higher profits in sectors such as IT and fund raising by top companies such a Reliance Industries, Bharti Airtel and Tata Motors, among others.
Sikka ranks 35th in the list.
The event, organised by Deutsche Messe AG, is held each year at the Hanover fairground, the world's largest, in Hanover, Germany.
TCS plans to build ignio as a standalone company.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances