'99 per cent of Indians who go to the US for their advanced studies they stay back there, which is a huge loss for India.
There has not been a single invention from India in the last 60 years that became a household name globally, nor any idea that led to "earth shaking" invention to "delight global citizens", IT czar N R Narayana Murthy said.
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.
K V Kamath says he can never step into Narayana Murthy's rather large shoes, but would do his best to ensure Infosys continues to adhere to the highest standards of corporate governance.
Infosys chief Narayana Murthy has emerged India's most admired business leader, ahead of late Reliance chief Dhirubhai Ambani, Azim Premji of Wipro and noted industrialist Kumarmangalam Birla, in a survey conducted among management students.
Infosys was the worst performer among the bluechips on both the key indices.
The report, published by brokerage firm Ambit Capital Research, also says the promoters hold disproportionately high board representation with respect to their total shareholding in the Bengaluru-based company.
The targeted budget for the project was reportedly projected at 750,000.
"I have always believed that innovation has an important role, not only in software but in any business."
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.
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.
In an interview with CNN-IBN, Infosys founder Narayana Murthy urges activist Anna Hazare to end his indefinite fast for the implementation of the Jan Lokpal Bill
In the midst of a raging debate over allowing multinationals in the retail sector, Infosys mentor N R Narayana Murthy on Saturday favoured MNCs in the sector saying consumers will benefit from their entry.
IT major Infosys Technologies is all set to expand its operations in Hyderabad with a second campus that would come up in 550 acres with an investment of Rs 1,250 crore (Rs 12.50 billion) over the next ten years.
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.
The British prime minister, who is of Indian origin, has often emphasised his Hindu roots and said he is proud of it.
Infosys has opened a new Sydney branch office to keep pace with business growth of more than 500 per cent in New South Wales over the past five years, the company said in a statement.
Today, staff morale down the line is low, attrition last year scaled a new high, and even clients have expressed concern at the state of things.
Infosys Technologies, India's second-largest IT services firm, appears set on having an insider as its chairman when N R Narayana Murthy retires in August next year.
IT services major Infosys has said wife of one of its co-founder Nandan Nilekani, Rohini Nilekani has raised about Rs 163.58 crore by selling 5.77 lakh of her shares of the company for philanthropic work.
In a long e-mail interview, Infosys Co-Chairman Nandan Nilekani speaks about his new post, his company's future, his dreams and aspirations.
N R Narayana Murthy, Nandan Nilekani and other directors of Infosys Technologies along with Foreign Institutional Investors own half of the company despite a gradual drop in their shareholdings.
There is lot of mutual respect among the founders of Infosys. We have similar value systems. We have a long-term view of the business. We want to create a respected institution, says S Gopalakrishnan, President, Infosys.
Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore in the country's second largest software services firm.
The US Congress has imposed a special fee of up to $4,500 on the H-1B and L-1 visas.
This is the first time, perhaps, Infosys has appointed as CEO a person who has never managed P&L or has any experience in managing lakhs of employees.
India's second largest software services firm, Infosys on Thursday saw the exit of its global head of strategic sales, marketing and alliances Prasad Thrikutam.
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
Infosys has tried to bring stability to the troubled company, which was struggling to maintain its growth momentum in the changing dynamics of technology industry.
Spend on IT in US is expected to increase by 6.1 per cent in 2014.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
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