Infosys Technologies, India's No. 2 software services exporter, is undecided on the timing of its proposed American Depositary Share issue, a company official told Reuters on Friday.\n\n\n\n
India's information technology major Infosys bagged the prestigious Ashden Award for Sustainable Buildings, referred to as the Green Oscars.
Infosys President B G Srinivas will join Hong Kong-based diversified group PCCW as Group Managing Director in July, after ending his 15-year old stint with India's second largest IT services firm.
Last week, its global head of strategic sales, marketing and alliances Prasad Thrikutam resigned from the job marking the 11th senior management executive exit from Infosys since Murthy's return.
With Infosys reportedly increasing the pay packages of senior executives, including executive vice-presidents and a few vice-presidents, threefold, the Indian information technology (IT) services space might well get a new benchmark.
Against the backdrop of a clampdown on visas by the US and growing antagonism towards foreign workers and immigrants in that country, Infosys Technologies, India's second-largest IT services firm, is mulling an 'extreme offshoring' model to help reduce its dependence on H1 and L1 visas.
Rishi Sunak married Akshata Murty in 2009, and the Prime Minister made a quick rise to power in the years that ensued.
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
For April-June quarter of 2014-25, India region accounted for 2.4 per cent of the company's total revenues of Rs 12,770 crore (Rs 127.7 billion).
He takes over from Ashutosh Vaidya, who will move into a full-time position as head of Global Delivery for Dell Services.
At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.
Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on market's uptrend. In a largely subdued session, the 30-share BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431.
'Let us hope that with Nandan, like Cincinnatus back on his farm, taking over the reins, Infosys will not only regain its vigour and momentum, but vastly improve upon its achievements as a global player,' says B S Raghavan, the distinguished civil servant.
IT giant close to acquiring Thomson Reuters' health care business.
To tap the domestic market, the country's second-largest information technology company set up a separate unit within its BPO arm in 2009.
The Infosys Science Foundation on Thursday awarded winners of Infosys Prize 2010 recognising their outstanding achievements in scientific research.
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
Mr Tata said a letter had arrived in his office from a young woman who had applied for the graduate engineering programme of TELCO Pune and been turned down. 'I wouldn't interfere with your selection process, Maira,' he said. 'However, I am calling you because this lady says that her rejection letter says that though she is very well qualified for the programme, TELCO Pune cannot select her because she is a woman.' 'Why are you discriminating against women?' he asked. A must read excerpt from Arun Maira's The Learning Factory: How The Leaders Of Tata Became Nation Builders.
Team-building, lifting employee morale, stanching the attrition rate are a few immediate tasks on his hands.
Infosys has a new M&A head to enhance trust on inorganic growth.
Rishi Sunak, who is set to be Britain's first Indian-origin prime minister, recently said that he wants to change the United Kingdom-India relationship to make it a more two-way exchange that opens up easy access to UK students and companies in India.
From the Sensex pack, Tata Motors, HCL Technologies, Power Grid, Tech Mahindra, NTPC, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Wipro, Nestle, Tata Consultancy Services and Infosys were among the major gainers. Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, UltraTech Cement, IndusInd Bank and State Bank of India were the major laggards.
The company plans to strengthen consulting capability in addressing the needs for the next phase of growth.
The Union ministry of corporate affairs (MCA) has informed Infosys that the appointment of Rohan Murty, son of co-founder and executive chairman N R Narayana Murthy, does not require its approval.
India second largest software firm Infosys on Tuesday said it plans to hire close to 2,000 people in the US by the end of this year.
Reminiscing time spent at the firm he co-created with six other friends in 1981, Infosys non-executive chairman S Gopalakrishnan said many major events in his life are linked to major milestones of Infosys.
With Infosys emerging out of an uncertain phase, the new management, led by CEO & MD Salil Parekh, is trying to catch up with market leaders, with the new strategy in place.
State-owned Life Insurance Corporation of India (LIC), which completes one year of its listing on Tuesday, presents a sorry scorecard as far as its stock market performance goes. Shares of the insurance behemoth are down 40 per cent over their issue price of Rs 949 to Rs 567 apiece. The Sensex, on the other hand, has risen 14 per cent in the past one year.
Prime Minister of the Netherlands Mark Rutte on Monday said the G20 New Delhi declaration was clearly a compromise, which is always the case with such a multilateral forum, but he was happy with the fact that there were some key elements in it, and that India was able to broker it.
The impact of the global meltdown has forced India's second largest IT bellwether Infosys Technologies to freeze wage hikes and hiring in new fiscal 2009-10.
Even after this sale, the founder group will continue to have a substantial shareholding in the company.
The Bengaluru-based company is currently engaged with around 20 projects in the government sector, including those of central government departments and state governments.
The business is impacted by low volume growth amid Christmas and New Year holidays.
We followed the highest standard of corporate governance and disclosures, says Nilekani.
'You will really wish oh! Had I stayed in Dharavi I would have got a nice house. I can assure you that. We will make dreams come true.'
Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors Tata Consultancy Services and Infosys emerging as the biggest laggards. Last week, the BSE benchmark index tanked 812.28 points or 1.36 per cent. Reliance Industries Limited, ICICI Bank and State Bank of India were the only gainers in the top-10 pack.
IT services major Wipro is reconsidering a proposal of buy back of equity shares, said the company in a regulatory filing. A final decision on this will be taken during the board meeting to be held on April 26-27. The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion on April 27.
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