'The $80,000 revenue per employee we will get through quite easily.'
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
Restricted stock units can be an effective tool to curb employee attrition and retain key talent
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
Infosys now plans to re-purpose Skava's micro services-based business and re-focus Panaya's suite of products.
The company has decided to consolidate its delivery functions horizontally
Both Raazi and Veere Di Wedding are interesting films that worked. There is no point reading a trend in them, says Vanita Kohli-Khandekar.
Four Indian-Americans, including top US attorney Preet Bharara, are among 38 distinguished personalities who have been honoured with this year's prestigious "Great Immigrants: The Pride of America" award.
Infosys new chief executive officer and managing director Vishal Sikka took charge of the company in August.
Even as high attrition rates continue to haunt Infosys, the country's second-largest IT services firm is confident of bringing it down to 12-14 per cent in the next two quarters as it gets back to the growth trajectory.
"The company has been in touch with the Securities and Exchange Commission (SEC) regarding the anonymous whistleblower complaints (anonymous complaints) and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys said in a statement.
Reliance gold scheme does not require demat account.
To make money, invest in both good and bad times; otherwise the entire exercise is futile, experts tell Joydeep Ghosh & Sanjay Singh
Pai argued that at a time when the salary for entry level software engineers had not been raised in the IT industry in India for the past seven years, it was totally wrong to hike the compensation for top-level executives.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
Now mergers, acquisitions, sale of assets, fundraising, strategic intent and competitive position in the market are part of business life everywhere.
This challenge has been made a little more daunting with the addition of two new uncertainties.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
IT major Infosys on Friday announced a 3.1% increase in profit to Rs 3,096 cr, besides announcing a 1:1 share bonus
As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.
Owaisi's five seats in Bihar's Muslim-majority Seemanchal region ought to ring alarm bells, observes Virendra Kapoor.
India accounted for 2.2 per cent of the revenues of Infosys.
Gopalakrishnan, who is the immediate past President of CII, is the Chairman of the summit.
Even after this sale, the founder group will continue to have a substantial shareholding in the company.
When selecting a liquid fund, stick to schemes with an AUM of above Rs 1,000 crore.
'Employees find work challenging and fun'.
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
Infosys co-founder N R Narayana Murthy on Monday denied that he had withdrawn his concerns about governance lapses at the firm, saying the board has to address these "properly" and "full transparency should be displayed and people responsible for it should become accountable".
The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity.
New initiatives expected to bear fruit by middle of 2015
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
The MF Industry had a cash-rich 2014 as it crossed the Rs 3 trillion mark.
Reminiscing time spent at the firm he co-created with six other friends in 1981, Infosys non-executive chairman S Gopalakrishnan said many major events in his life are linked to major milestones of Infosys.
"We remain open to opportunities if appropriate valuations come up," said Reliance MF CEO Sundeep Sikka. Reliance MF, which is India's biggest mutual fund in terms of assets under management, has also become the first fund house to cross an average AUM of Rs 1 lakh crore. "Consolidation has already started in the industry and, going forward, only top 5-7 fund houses would command the major chunk of funds as investors will have confidence in large fund houses," Sikka said.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
Prospects are grim for many, as humans and organisations aren't keeping up with the pace of technology. Shyamal Majumdar ponders the future of employment.
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