From the Sensex basket, Larsen & Toubro, Bajaj Finance, Axis Bank, State Bank of India, UltraTech Cement, Wipro, ICICI Bank, Infosys, HCL Technologies and Asian Paints were the major gainers. NTPC, JSW Steel and HDFC Bank 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 on Thursday said it has been awarded the number one spot globally for its corporate governance practices by IR Global Rankings (IRGR).
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 made a gross addition of 11,506 employees during the quarter, taking its total strength to 161,284 employees as on June 30.
From the Sensex basket, Sun Pharma, Maruti, IndusInd Bank, Titan, ITC, Tata Motors, Larsen & Toubro and JSW Steel were the major gainers. On the other hand, Infosys, Wipro, HCL Technologies, Tata Consultancy Services, Tech Mahindra and Bajaj Finserv were among the laggards.
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.
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.
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?
State government says Infosys is Karnataka's baby and it will give the company full support to stay in the IT Park.
Company plans to raise the contribution of Indian private sector to its revenue from about 15% to about 50% in two-three years.
The top three Indian IT firms -- Tata Consultancy Services (TCS), Infosys and Wipro -- collectively trained over 775,000 employees in generative AI (GenAI) capability by the end of 2023-24, according to an analysis of GenAI-trained workforce of leading companies in India in this sector. This number is significantly higher that the projection made by the IT industry body Nasscom in its Strategic Review of 2023, released in February this year. It said in 2023-2024, over 650,000 employees across the IT industry received training in Gen AI skills.
Equity benchmark indices Sensex and Nifty settled higher on Thursday, powered by a rally in banking and power stocks amid a largely firm trend in global markets. The stock markets mostly traded range-bound in the absence of any major trigger and persistent foreign capital outflows, traders said. The 30-share BSE Sensex rose 144.31 points, or 0.18 per cent, to settle at 81,611.41.
Infosys felicitates outstanding researchers in various fields.
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.
Just before Infosys announces its quarterly earnings, the investor community is abuzz with hopes the information technology (IT) giant might reward shareholders.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
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.
No impact of exits on client engagements, says company.
Software leaders are quite robust.
According to the portal, both the companies are topping the employer preference charts for the second year in a row.
Even as several SEZs are struggling to get off the ground, the Mahindras have managed to kick off their second SEZ at Jaipur, after their first one in Chennai.
Infosys, the country's second largest information technology exporter, plans to sharpen its focus on specific segments for select regions as part of its strategy for expansion and servicing of new markets.
"In India technology expenditure is on the upswing and we think its the right time to enter India," Infosys COO S D Shibulal said, while talking about the growing focus on the Indian market. The company on Wednesday announced its partnership with Bharti Airtel in the media space.
Infosys Technologies on Tuesday announced that it worked with Airbus on its A380 programme.
Infosys Technologies on Monday announced its first largescale plan to recruit 300 college graduates from universities in the United States in 2006.
With Tata Consultancy Services (TCS) announcing a wage rise for its employees this year and most other industry peers going ahead with their wage increase plans, pressure is expected to mount on Infosys to reconsider its earlier decision.
Benchmark equity indices Sensex and Nifty ended lower on Monday after hitting their all-time high levels in early trade amid selling in blue-chip IT stocks and HDFC Bank. After breaching the 77,000-mark during the early trade, the 30-share BSE Sensex came under selling pressure at the fag-end of the session and ended 203.28 points or 0.27 per cent lower at 76,490.08. During the day, the benchmark jumped 385.68 points or 0.50 per cent to hit a new record of 77,079.04.
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry. The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing. Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players' growth may range between 0.7 per cent and 4 per cent.
The largest subsidiary of India's second largest IT services company reported a 400-basis points improvement in operating margins, to 22 per cent in 2011-12.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
The challenge before Indian companies is to build brands that would have international recognition, N R Narayana Murthy, chief mentor, Infosys Technologies said on Tuesday.
It's debatable whether going back in time -- twice in a span of four years -- by bringing back a once-proven leader at the top is the correct thing to do when Infosys desperately needs to be made future-ready.
Some media reports stated that Rohan has been designated as a vice president, which is a relatively senior position in the company.
In another senior-level exit from Infosys, Humberto Andrade had quit as head of the company's Latin America business process outsourcing (BPO) operations to join rival Capgemini.
'To those who have just finished engineering or MCA or BSc, BBA, I will say they should take up whatever internship opportunities they are getting.' 'They should look for opportunities to learn the latest tools.' 'They should think innovative and try to solve problems. Only when you sharpen your skills, you will remain relevant.'
With ICT, there is a need to re-look at traditional models of business management, says Narayana Murthy.
