The low-profile CEO started his new innings with the new year.
India's second-largest software services company Infosys on Wednesday posted 12 per cent year-on-year rise in consolidated net profit at Rs 5,686 crore for March quarter 2021-22. The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,076 crore in the corresponding period previous year, according to a regulatory filing. Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period, it added.
Former Maharashtra Home Minister and NCP (SP) leader Anil Deshmukh was seriously injured after stones were hurled at his car in Nagpur district on Monday night. The incident occurred as Deshmukh was returning to Katol after attending a meeting in Narkhed village. Police are investigating the attack, which occurred on the last day of campaigning for the November 20 Maharashtra assembly elections.
Ratra, a former Indian wicketkeeper-batter, brings with him a wealth of experience and an impressive track record in both domestic and international cricket.
In 2017, when Infosys announced that Salil Parekh would be its next chief executive officer (CEO) and managing director (MD), very few in the industry or the analyst community doubted his ability to bring the company back to a healthy growth trajectory, improve morale within the company and, more importantly, win the promoters' trust and investor confidence. There were reasons for this confidence. He was not only the deputy CEO of the Paris-headquartered IT services major Capgemini, but also one of the only non-European faces on the executive board of the company.
IT services major Infosys on Thursday reported 11.46 per cent increase in consolidated net profit at Rs 6,806 crore for December quarter FY25 and raised its guidance on the back of growth in financial services and manufacturing. The company had logged a profit of Rs 6,106 crore in the corresponding period of the previous fiscal.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
Merely being prosecuted on money laundering charges is not a sufficient ground to deny permission for passport renewal, a special court in Mumbai has said while granting nod to former Maharashtra minister Anil Deshmukh's son to apply for renewal of his passport.
Infosys, in 2019, was given the contract to develop the new portal. It was launched in June last year and stakeholders had reported glitches and difficulties in the functioning of the portal. "On the I-T project, we are extremely proud that as of December 31, as was reported, 5.8 crore returns were filed through that timeframe.
Retail shop Provogue's owner Salil Chaturvedi, arrested allegedly for drugs consumption, was acquitted by a sessions court in Mumbai on Friday.
Lataji had once picked her favourites, albeit reluctantly, and told Subhash K Jha just why they were so close to her heart.
Infosys CEO Salil Parekh, has praised the company's founders for building an "incredible organisation", and exuded confidence that the firm which "has always been solid" will "continue with that stability." Parekh - who steered the firm to stability after a bitter spat between founders and then-management a few years back - believes that Infosys is "well positioned" to leverage tech-led growth opportunities over the next several years. Parekh took over at the helm in January 2018, after a standoff between board and founders, including NR Narayana Murthy, over issues such as governance, led to the exit of then-CEO Vishal Sikka.
After posting double-digit growth for the fourth consecutive quarter, chief executive officer and managing director Salil Parekh tells Yuvraj Malik and Debasis Mohapatra that the firm is not facing any delay in ramping up of large deals.
Infosys CEO Salil Parekh has indicated that offers given to freshers will be honoured by the company and followed with joining, although there has been some change in dates. The comments of Infosys top honcho assumes significance amid reports that the company has delayed onboarding of 2,000 fresh engineering graduates from 2022-batch.
2019, however, will be a bigger test as the firm continues to deal with rising attrition and margin pressure.
'Many of these patients arrive at emergency departments in distress, struggling to breathe and requiring immediate medical intervention.'
A round-up of the Ranji Trophy matches played on Friday.
The Bharatiya Janata Party has opted not to grant tickets to eight MLAs, followed by Congress which replaced five MLAs.
The second-quarter performance of the top five information-technology services firms gives the hint that slow growth has bottomed out on the back of discretionary spending kicking in for the sector's largest vertical - the banking and financial services. However, concern about the macro-environment continues to be a challenge. Among the top four - Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro - it is Bengaluru-based Infosys that has performed the best and that was evident in its full-year revenue guidance.
The former minister, who received injuries during the attack, was immediately rushed to the Katol Civil Hospital, police said.
Singh asserted that Deshmukh set a staggering collection target of Rs 100 crore for his officers, specifically from Mumbai, while also discussing plans to target key opposition figures, including former Chief Minister Devendra Fadnavis of the Bharatiya Janata Party.
The 15-member squad of the Indian team which won the T20 World Cup will take home Rs 5 crore each.
'Salilda and my brother Hridaynath would deliberately make my compositions tough.' 'Their logic was, "You can do it, so why should we not compose accordingly?",' Lata Mangeshkar, who would have turned 94 today, September 28, 2023, once told Subhash K Jha.
There are concerns in the industry around budget cuts by clients and layoffs, as enterprises grapple with reduced earnings amid lockdowns across various parts of the globe.
It is understood that the selectors are looking to bring more variations into the pace attack and hence a left-arm seam and swing bowler could be added to the bouquet of pacers vying for a Test cap.
Infosys Ltd on Thursday reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth. Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
Rajasthan's Mahipal Lomror put the IPL franchises on alert ahead of the mega auction with a sensational triple hundred comprising a staggering 13 sixes and 25 fours in their Ranji Trophy Group B match against Uttarakhand here on Thursday.
A round-up of the Ranji Trophy matches played on Saturday.
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. "We are planning to work with all the regulations of the state and central governments.
Over the last years, taking the helm at Infosys has always had a strong resemblance with taking a roller-coaster ride
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
The BCCI on Monday invited applications to replace one among the five senior national selectors and in all likelihood, former pacer Salil Ankola would be the one on his way out as West Zone is already represented by chairman Ajit Agarkar.
Parekh in a video address to employees expressed delight on leading the iconic company
The applicant should have played either 7 Tests or 30 first-class matches. A candidate with experience of 10 ODIs or 20 first-class matches will also be considered.
India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives.
In Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
The CEO's compensation included a fixed salary component of Rs 6.07 crore, variable pay of Rs 10.96 crore and perquisites worth Rs 7.64 crore.
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.
Punjab, starting the penultimate day on 73/3 and needing 144 more runs, crumbled under pressure from Sindhu's relentless spin and Jayant Yadav's precise off-spin (3/35 in 10.4 overs), collapsing well before lunch and handing Haryana their second outright win in four matches.
