While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
Analyst are cautious about the performance of IT services sector from January to March quarter (Q4) of FY24 and the first half (H1) of FY25. While the Bloomberg consensus on revenue implies the market is expecting 2-3 per cent growth on a quarter-on-quarter (Q-o-Q) basis for the IT majors through FY25, the H1FY25 is likely to see even flatter returns, and Q4FY24 is likely to be poor. There is likely to be some recovery in the second half (H2FY25) but even so, there's a chance that the market will be overall disappointed.
The latest whistleblower complaint accusing him of pressuring finance team members to inflate profitability has come right out of the blue. There's another allegation that he made racist remarks against some board colleagues. For a man with a singular focus on the business and clients, all of this must have blindsided him.
Shares of IT giant Infosys erased early gains and ended with a loss of nearly one per cent on the NSE today on profit-booking after the company named former SAP executive board member Vishal Sikka as its new CEO.
Software major Infosys would wait for some more time before taking a decision on the future of its first development facility at Rajarhat near themetropolis.
The six service lines that Infosys is focusing on include manufacturing, retail, consumer packaged goods, logistics, lifescience, energy, communications, financial services and insurance.
Investors' wealth grew by Rs 3.24 lakh crore on Thursday as the BSE Sensex jumped nearly 1 per cent after a two-day slide. The 30-share BSE Sensex jumped 490.97 points or 0.69 per cent to settle at 71,847.57. During the day, it rallied 598.19 points or 0.83 per cent to 71,954.79.
After the IT giant declared a bonus, investors selling shares may have to shell out 4-5 times more tax
He may make a comeback as co-chairman at India's second largest software exporter.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
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.
They expressed disappointment over the firm's performance.
Unless Murthy launches an aggressive search for a significant infusion of new blood, he will find it difficult to implement the dramatic changes to Infosys' fortunes that everyone expects him to, says P R Ganapathy.
Infosys, the country's second largest IT services firm, is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.
She was among the key executives brought in by Sikka from SAP and was overseeing large deals
Be it the industry laggard performance or harassment allegations by overseas employees, Infosys has a tough road ahead and investors will look at Sikka to sort out the issues.
While growing up, Infosys was a real role model to all of us. The opportunity to lead this iconic company is something amazing, says Vishal Sikka.
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
Palmer had previously tried to take Infosys to court, but his earlier case was dismissed .
With this deployment, Central Industrial Security Force will now extend the security cover being provided to Infosys, covering Infosys' largest facilities in Mysore, Pune and the company's headquarters in Bengaluru.
Mutual funds are loading up on information technology (IT) stocks on improved valuations and low downside risk after a double-digit correction in top companies like Infosys and Wipro. IT stocks were MFs' top sectoral buys in April when they invested a net of Rs 2,100 crore. In the first four months of 2023, the net investments in IT amounted to Rs 9,500 crore, shows an analysis by ICICI Securities.
Former President A P J Abdul Kalam felicitated the six winners.
State government says Infosys is Karnataka's baby and it will give the company full support to stay in the IT Park.
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.
Questions are also being raised over Infosys' rational to maintain high margins, especially in a difficult macro environment.
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
IT major Infosys will acquire US-based oil and gas consulting firm Noah Consulting for $70 million.
I have no hesitation to say that the cultural milieu is different, said chairman R Seshasayee in a rare media interaction.
Infosys will provide applications to support multiple operations, including marketing and sales, customer service, manufacturing, product development and corporate functions.
Infosys is recruiting 18,000 people in 2009-10 compared with 28,231 a year ago and will freeze wages to rein in costs. Of the 18,000 new recruits, about 2,000 will be lateral hires, with the rest being freshers. "Our offer letters have gone out over two-and-a-half months ago and we expect most of the new employees to join soon. The conversion rate will be 80 per cent," said HR Director TVM Pai. He ruled out any revision of the salary offers to freshers.
At the end of Q1, Infosys had 1,79,523 employees.
His career was marked by more downs than ups, but one thing Shibulal cannot be faulted for is lack of ideas.
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