Monday's notices seek damages of Rs 2,000 crore (Rs 20 billion) each from The Times of India and The Economic Times, both owned by Bennett, Coleman & Co, and The Financial Express, owned by the Indian Express group, alleging some of their articles defamed Infosys.
Analysts say no pressure on new CEO for immediate results.
The company has decided to consolidate its delivery functions horizontally
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.
Infosys Technologies on Friday said it would bid for multi-crore rupee projects under the Unique Identification Database Authority, which would be headed by the company's former co-chairman Nandan Nilekani, as it sees no conflict of interest.
India's second largest IT firm Infosys has extended the tenure of its chief Vishal Sikka by nearly two years till March 2021, saying his initiatives have helped the company move towards reclaiming its industry leadership position.
The reduction in holdings comes at a time when technology firms are facing cross currency headwinds due to volatility in the global financial markets
He takes over from Ashutosh Vaidya, who will move into a full-time position as head of Global Delivery for Dell Services.
In fact, while IT bellwether Infosys Technologies (his earlier employer) got a drubbing at the bourses for not posting "better than expected" results, iGate stumped investors a couple of days back by announcing it plans to buy back shares from the public and delist from the Indian stock markets, while remaining listed in the US.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
Though domestic IT majors like Infosys Technologies, Tata Consultancy Services and HCL Technologies painted a gloomy picture of the IT sector in the coming quarters, technology bellwether Cognizant Technology Solutions and Genpact, India's largest Business Process Outsourcing firm, not only posted better results but have also given decent guidance to the markets.
Companies now require more than just academic marks; they seek students with internship experience or extra certification courses.
Company to invest $125-150 million to open a development centre in Shanghai.
'Offshore services are expected to grow in 2010.'
This project aims to transform India Post into a technology-enabled and autonomous market leader.
DLF, with Rs 1,14,745 crore (Rs 1,147.45 billion) market capitalisation, has grabbed the seventh position, relegating Infosys, with Rs 1,11,357 crore (Rs 1,113.57 billion) m-cap, to the eighth position.
The earnings season this financial year is expected to start on an exciting note, as two information technology (IT) behemoths Infosys and Tata Consultancy Services (TCS) report their first quarter numbers on the same day. By now, TCS is expected to report a better set of numbers than Infosys.
Infosys aims to commission 55 MW of solar plants by end of 2016.
Shares of Tata Consultancy Services (TCS) jumped 4 per cent on Tuesday, taking its market valuation to above Rs 15 lakh crore mark. The stock of the country's second most valued firm by market valuation jumped 4.05 per cent to settle at Rs 4,133.45 apiece on the BSE. During the day, shares of the company climbed 4.45 per cent to Rs 4,149.75 -- its all-time high.
Raamdeo Agrawal of Motilal Oswal Securities believes that the market is fairly valued at the moment. He does not expect any slowdown in corporate earnings for FY06-07.
"We have to improve the institutional framework of companies... (and) need to give more powers and authority to independent directors. Also, the regulations should be enforced much faster," said Infy board member T V Mohandas Pai. Noting that the Satyam case is an aberration and unlikely to affect the domestic IT industry, Pai said the law needs to be amended to ensure that auditing standards are enforceable.
Scores of leading SEZ promoters, including Infosys Technologies, CMC Ltd, Hindalco Industries, NIIT Technologies, HCL Technologies, Orient Craft Infrastructure, L&T Phoenix Infoparks and K Raheja Corp, have sought more time from the Board of Approval, which is meeting in New Delhi on June 2.
BSE-IT index slumped over 10 percent after Infosys, the second-biggest software exporter, guided for a revenue growth of 6-10%, much below of 12-14% for the fiscal 2014.
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Fresher salary offered by IT companies in India had been stagnant at the level of Rs 3 lakh over the past 8-10 years.
Infosys BPO is planning on closing 3 deals to the tune of Rs 600 crores in the next 3-6 months.
Infosys announced acquisition of digital commerce company Kallidus for $120 million.
Infosys is yet to announce its 2014-15 results.
The company's endeavour is to get independent of this visa matter as much as possible, Vishal Sikka said.
India's information technology major Infosys bagged the prestigious Ashden Award for Sustainable Buildings, referred to as the Green Oscars.
Information Technology major Infosys Technologies on Monday said it will convert 16 million shares traded in India into American Depository Shares that would increase the float of its stock in the US stock market.
Infosys Technologies is planning to invest about Rs 400 crore
One possible way of accelerating National Education Policy's outcome is to invite 10,000 retired highly accomplished teachers from the developed world and from India in STEM areas to create 2,500 "Train the Teacher" colleges in the country's 28 states and eight union territories, Murthy said.
The route to that target is clear in Sikka's mind.
David, is set to join Hewlett Packard Enterprise as a senior VP for Enterprise Services Delivery.
