Last year, salary increases were given only in October, when the company came under pressure from increments offered by peers.
Recently, some software firms formed a separate body called the Indian Software Product Industry Round Table, or iSpirt.
Infosys Ltd's refocus on big-ticket contracts since the return of its founder has begun to pay off as India's No. 2 software services exporter crossed $2 billion in quarterly sales for the first time and pushed up its revenue outlook.
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.
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.
No impact of exits on client engagements, says company.
The 42-year-old British Hindu leader read from the Epistle to the Colossians from the New Testament reflecting the theme of service to others, in keeping with the recent tradition of UK Prime Ministers giving readings at State occasions.
'There will only be an institutional solution between the board and the founders to take Infosys forward.'
Of the, four are co-founders of Infosys.
Top business leaders to raise issues on investment, trade and the rupee
Software giant Infosys will scale up its operations, products and services drastically to emerge as a 'truly multinational corporate entity' in the next 25 years, its Chairman N R Narayana Murthy said.
Infosys did not disclose the nature of the information sought by Securities and Exchange Board of India.
Top-level exits at Bangalore-based Infosys may have led to concern about the company's medium-term growth, but these have contributed to Executive Chairman N R Narayana Murthy's strategy of cost optimisation.
Companies are expected to firm up their business plans for the second half of the year.
To an outsider, the exits could signal turmoil and, perhaps, even trouble. But, Infosys, on the contrary, seems to be back as stock markets' darling.
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.
India's premier software services company, Infosys Limited, has reached out to its banker, the non-executive chairman of ICICI Bank, K V Kamath, to step into the shoes of its founder N R Narayana Murthy.
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.
Brokerage firm says recovery under Narayana Murthy to take longer than expected; stock dips 3%.
In the last three years, photographer Zakia Shakir has zigzagged across the world to train her camera on some of India's most famous men.
Fascinating stories of how 30 famous companies got their names.
The Infosys Science Foundation on Monday announced the winners of the Infosys Prize 2010 recognizing outstanding contributions to scientific research that have impacted India.
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
Too many corporate leaders cherish the crown of indispensability.
nfosys Managing Director and CEO S (Kris) Gopalakrishnan speaks about the company to Business Standard.
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
The overall trend to professionalise has always seen an upward trajectory, but at varying rates of adoption.
Infosys must focus on a few steps for quicker returns, says a Barclays report.
The new chairman assumes his role at perhaps one of the most challenging times for both the company and the industry.
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
The development comes at a time when Infosys' shares are trading at a record high.
Software major Infosys Technologies Ltd on Thursday said it would contest the ruling by the Chennai bench of the Intellectual Property Appellate Board, which has held that it cannot hold a monopoly on the trademark 'Infosys.'
'The move is a succession plan where Sikka comes on the board as vice chairman.'
The Nasscom Governance and Ethics Committe on Tuesday released its recommendations aimed at further strengthening corporate governance practices in the Indian IT-BPO industry.
The year 2011 could end up being the mother of all years as far as corporate succession is concerned.
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