Infosys, which is sitting on a cash pile of over $3 billion, has met criticism from investors and analysts as rivals like Tata Consultancy Services and Wipro have boosted their businesses with multiple acquisitions.
There is lot of mutual respect among the founders of Infosys. We have similar value systems. We have a long-term view of the business. We want to create a respected institution, says S Gopalakrishnan, President, Infosys.
For the first time ever, India's second largest software exporter Infosys Technologies would aggressively scout for talent in US universities, from where it would hire 300 fresh graduates.
Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
The partnership would develop Nvidia Cuda (Compute Unified Device Architecture) Technology-enabled software solutions.
Infosys Technologies has been ranked number one in the 3Q03 Professional Services Business Quarterly Benchmark by Technology Business Research Inc.
Among public sector banks, Infosys has kept the majority of its deposits with Punjab National Bank.
S Gopalakrishnan's passion for gizmos goes beyond BlackBerrys and iPods. The Infosys head says, he likes to "play around with new technology".
Infosys Technologies, India's second largest information technology services firm, has discontinued some of its loan schemes for employees.
Infosys Technologies Ltd allotted 179 equity shares of par value of Rs 5 to Bankers Trust Co, New York, the depository of company's ADRs
On key parameters, TCS appears to be on a better wicket.
Gen Z, driven by AI anxiety and economic pragmatism, have concerns about pursuing passions as careers as they fear it may not make them enough sufficient income.
Infosys Consulting Inc, the strategic consulting arm of IT services giant Infosys Technologies, is planning to acquire a small consulting company with revenues in the $100-140 million range (Rs 450-650 crore) as part of its inorganic growth initiatives in the US.Market sources said Infosys had been looking at a suitable acquisition target in the US with consulting expertise in verticals like aerospace, retail, healthcare and financial services.
The consolidated revenue of the country's second largest software exporter rose to Rs 6,198 crore
Terminates services of over 600 contract workers in February.
"Police have foiled a conspiracy to attack the airport and Infosys," Chief Minister H D Kumarawamy said.
Infosys is the first Indian company to be selected for Nielsen Norman Group's Intranet Design Annual Award.
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.
Infosys Technologies Ltd announced on Friday it has been positioned by Gartner, Inc., in the leaders quadrant in the 'Magic Quadrant for North American offshore applications services 2007' report.
Infosys Technologies has announced the appointment of Deepak Satwalekar, managing director & CEO of HDFC- Standard Life Insurance, as the lead independent director in line with the company's commitment to good corporate governance practices.
Infosys Technologies has become the first Indian company to join Automotive Open Systems Architecture development partnership to develop protocol and standards for next-generation automotive electronics.
The two firms have signed an advanced development deal that will provide BT with a novel automated resource management system.
Finacle is a universal banking solution from Infosys which addresses the core banking, treasury, wealth management, consumer and corporate e-banking, mobile banking and web-based cash management requirements of retail, corporate and universal banks worldwide. Standard codes like ISO Country / Currency, SWIFT BIC Codes, UCPDC Codes are also incorporated in the Finacle BIAB framework, the company informed.
Infosys Technologies is being sued again by a former senior employee for discrimination on the basis of age, gender and ethnicity while hiring in the US. The suit filed by Jill Prejean, vice-president of talent acquisition, has alleged that the company discriminated and retaliated when she tried to point out the discriminatory actions. Infosys' motion to dismiss the claims made by Prejean was rejected by a judge from the United States District Court Southern District of New York.
Infosys Technologies on Tuesday announced that it has signed an agreement with China Banking Corporation in the Philippines, to deploy its Internet banking solution Finacle.
IT major Infosys Technologies will start construction work on its first software development centre in West Bengal, at Rajarhat near here, in three to six months, a top company official said on Friday.
India's second-largest information technology services provider, Infosys Technologies, has issued letters to its employees stating they could opt for a one-year sabbatical to engage themselves in philanthropic activities. They would continue to draw 50 per cent of their salary during the period. Infosys crossed the 100,000-employee mark in India in the quarter ended September 30, 2008.
The alliance focuses on the support of US loan servicing loan modification initiatives as defined under the Home Affordable Modification Program or alternative loan modification programs, Bangalore-headquartered Infosys said.
Infosys Technologies has announced that it has kicked off a buyback plan for a certain section of employees who have shares of the erstwhile Progeon, now Infosys BPO.
Infosys Technologies' fourth-quarter results have been poorly received. The bellwether stock has taken a severe beating, bringing the markets down with it.
Anticipating weakening demand from the US market, coupled with pricing and margin pressures in the fourth quarter of the current financial year, Infosys Technologies will look at slashing variable pay-out to its employees.
Software major Infosys Technologies Ltd on Wednesday said it seeks to set up a development centre in the city.
Infosys Technologies Ltd announced on Tuesday its selection as Best Outsourcing Partner by readers of Waters, a leading publication covering the needs of chief information officers in the global capital market firms.
Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying on Friday. "Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
