It is now looking at a solution from the Unique Identification Authority of India for ensuring accurate identification of the beneficiaries of its low-cost services.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
At least 2,00,000 traders encountered difficulties in August, September, and October since there was no editing facility in summary return filing.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
Aadhaar is something that had never been done by any government before, not even in a rich country
With the first phase of Unique Identification Authority of India aiming to enrol 600 million residents of the country into its database in next four years and its possible use in improving the Public Distribution System, UIDAI chairman Nandan Nilekani on Friday said the journey will be 'long' and 'tough'.
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.
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.
Speaking at a function to release 'Annual Status of Education Report' of NGO Pratham, Nilekani said that UIDAI wants to use technology for better delivery in education.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Speaking at CNBC TV 18's business leadership awards event, Sitharaman made it clear that she was not expecting a jump in the number either.
The recently established Unique Identification Authority of India has got its official address and is likely to move in soon from its temporary office in the Planning Commission.
Registrars would be appointed who would see the preparations and the implementation of the scheme for the cards at State level.
This time an anonymous whistleblower made an appeal to market regulator Sebi to probe an agreement made by the tech giant with some of its ex-directors.
Stating that India has some brands that have already well established, Nadella said there was stunning cross section of starts ups in the country.
S D Shibulal, former chief executive and managing director of Infosys, has joined the ranks of the company's other founders in nurturing start-ups.
Tier-II and tier-III towns have a reason to rejoice.
Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying on Friday. "Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
Nandan Nilekani is stepping down to take up a bigger cause -- heading a government project to provide a unique identity to each of India's citizens. S Gopalakrishnan, the CEO and MD of Infosys and a co-founder of the company, tells Bibhu Ranjan Mishra what Nilekani's exit means for the company.
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
Indian telecom czar Sunil Mittal and NRI businessman Anil Agarwal are among the four Indians featuring in the list of '48 Heroes of Philanthropy' compiled by business publication Forbes.
US-based Schall Law Firm has said it will file a class action lawsuit against Infosys Ltd to recover losses suffered by investors in the wake of allegations of "unethical practices" at the Indian IT major. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
Nandan Nilekani, erstwhile CEO and a founder of Infosys Technologies Limited, who is currently co-chairman of its board of directors, offered a peek into his forthcoming book Imagining India, which he said attempts to alleviate a gap in understanding India, while delivering the kick-off Global Leader Lecture at Johns Hopkins University's School of Advanced International Studies.
Left without as much work for all its employees, Infosys is offering some of them an option to work with a non-profit organisation for a year and get paid half their salary by the IT major, its co-founder Nandan Nilekani has said.
The whistle-blower's letter to Sebi said future disclosures on any wrongdoing could potentially not be exposed if Infosys is let off the hook now.
While Team Indus had backing from Nandan Nilekani, Ratan Tata and Flipkart founders Sachin and Binny Bansal, it could not even muster half of the Rs 4.5 billion it required for the mission to the moon.
There are several discussions going around in the e-health sector for consolidation with key players being PharmEasy, 1mg, Medlife and Netmeds. According to reports, Reliance Jio is in talks with Netmeds to acquire the latter.
From Twitter to Facebook to Spotify, everyone it seems is clambering aboard the social audio bandwagon. Neha Alawadhi reports.
Of the, four are co-founders of Infosys.
The list, comprising 48 people, also includes four each from Australia, China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.
The GST rate on mobile phones will be hiked to 18 per cent while that on maintenance repair overhaul (MRO) services for aircraft will be lowered to 5 per cent with effect from April 1, Finance Minister Nirmala Sitharaman said on Saturday. The GST rate on handmade and machine-made matchsticks has been rationalised to 12 per cent from 5 per cent and 18 per cent respectively.
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 years.
Nadar and his family donated Rs 826 crore, while Azim Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the Edelgive Hurun India Philanthropy List 2019.
While Infosys board gave a clean chit to the Panaya deal, Murthy stands firm on his allegations and said, 'sadly, it appears we will no longer know the truth'.
On October 24, the NSE sought clarification from the IT major on the whistleblowers' allegations and why the company had not disclosed the same to the exchanges.
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
Tata Group Chairman Ratan Tata, Infosys Technologies CEO Nandan Nilekani, Wipro Chairman Azim Premji and Reliance Industries Chairman Mukesh Ambani are the four Indians in Asia's 25 most powerful business leaders list by the Fortune magazine.
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