Among the Sensex firms, Axis Bank, Mahindra & Mahindra, Wipro, Tata Motors, HDFC Bank, Tech Mahindra, ICICI Bank, JSW Steel, Tata Consultancy Services, Infosys, HCL Technologies and Bharti Airtel were the major gainers. Nestle, Titan, Bajaj Finserv and UltraTech Cement were the laggards.
Infosys has a long way to go as far as IT business is concerned, said Kris Gopalakrishnan, CEO Infosys Technologies Ltd.
To hire 300 graduates in those regions in FY15; moves staff with strong tech skills into sales.
India's second-largest information technology services provider, Infosys Technologies, has applied for a mere 405 visas till date for financial year 2009-10 - its lowest application count in recent years.
The new CEO's next challenge is to grow margins.
'AI may perform tasks, but deep expertise and specialisation remain uniquely human.'
Three groups blame companies of excluding locals from hiring in the country.
Vishal Sikka, the new chief executive officer, is in the process of internally discussing and finalising the future course of action, chief operating officer U B Pravin Rao said on Tuesday.
Among the Sensex firms, Wipro jumped over 6 per cent, the most among the frontline companies. HCL Technologies, Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, Larsen & Toubro and JSW Steel were the other major winners. State Bank of India, Bajaj Finance, ICICI Bank, HDFC Bank, Axis Bank and IndusInd Bank were among the laggards.
From the Sensex basket, Tech Mahindra, Tata Steel, JSW Steel, HCL Technologies, Tata Consultancy Services, Larsen & Toubro and Kotak Mahindra Bank were the biggest laggards. Mahindra & Mahindra, Power Grid, Bajaj Finance, IndusInd Bank and Maruti were the major gainers.
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.
Narayana Murthy, chairman and chief mentor of India's second-largest information technology services provider Infosys Technologies, has asserted that he has set up the Catamaran Venture Fund to occupy himself once he retires from Infosys in 2011.
Take the rediff biz quiz and find how much you know about IT giant Infosys.
Sikka says tools like automation, artificial intelligence or natural language processing are technological innovations which are aimed at amplifying the human potentials further.
Within days of his appointment as International Advisor on Information Technology to Sri Lankan President Mahinda Rajapaksa, IT czar N R Narayana Murthy on Wednesday quit from the post citing personal reasons.
Its aim is to make computer programming accessible for everyone.
Experts believe the merits of Infosys' insiders lie in their youth.
Among the Sensex firms, NTPC, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank, Tata Steel, Asian Paints, Bharti Airtel, Power Grid, Titan and HDFC Bank were the major gainers. Bajaj Finance, Bajaj Finserv, Infosys, Tata Consultancy Services, Tata Motors and HCL Technologies were the laggards.
Infosys BPO Ltd, the business process outsourcing operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources.
The move to set up the UID Authority of India, under the aegis of the Planning Commission, is aimed at providing a unique identity to the targeted population of the flagship schemes to ensure that the benefits reach them, information and broadcasting minister Ambika Soni told reporters here after the Cabinet meeting.
Infosys made a gross addition of 11,506 employees during the quarter, taking its total strength to 161,284 employees as on June 30.
In a complaint filed with the US Department of Labor in May, Palmer said Infosys and eight of its senior executives denied him work, bonuses and promotions and later terminated him, The Wall Street Journal reported on Tuesday.
Infosys on Thursday said it has been awarded the number one spot globally for its corporate governance practices by IR Global Rankings (IRGR).
Narayana Murthy had some caustic comments regarding the academic standards of IITs across the country, following which IITian and celebrated author Chetan Bhagat hit back with his own opinion. Whose side are YOU on?
In the seventh top level exit in six months at Infosys, Subrahmanyam Goparaju, Senior Vice President and a member of the Executive Council that frames business strategy, has resigned.
It needs to revamp the growth strategy.
Sun Pharma, Bajaj Finserv, Tata Consultancy Services, Infosys, Hindustan Unilever, JSW Steel, Wipro, Maruti, HCL Technologies, Tech Mahindra and ICICI Bank were the other major gainers. State Bank of India, Tata Motors, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Tata Steel, Nestle and HDFC Bank were the laggards.
State government says Infosys is Karnataka's baby and it will give the company full support to stay in the IT Park.
In FY16, Infosys had 48 employees in India who were paid more than Rs 1 crore in annual compensation, as compared to 111 in FY15.
Certain changes in the past two or three years could have a long-term structural impact on the IT services market.
Company plans to raise the contribution of Indian private sector to its revenue from about 15% to about 50% in two-three years.
Infosys' March quarter numbers may have come in a tad below expectations with revenue growth at just 3.2 per cent quarter-on-quarter and a drop in the operating margins owing to an appreciating rupee.
Infosys felicitates outstanding researchers in various fields.
No impact of exits on client engagements, says company.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
Software leaders are quite robust.
The nominations committee of the board had earlier recommended Kamath's induction as an additional director. Kamath, at the end of April 2009, stepped down as CMD of ICICI Bank and is now the non-executive chairman.
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