Software major Infosys Technologies Ltd is not pursuing its American Depository Receipt plans, as it feels the time is not conducive for another offshore listing and would opt for a "wait and watch" approach.
Infosys Technologies Ltd allotted 4059 equity shares under an employee stock option plan.
Infosys Technologies Ltd plans a sponsored secondary ADR program. The company board okayed sponsorship of an ADR issue of 2 to 3 million shares, equivalent to 4 to 6 million ADRs.
The nominations committee of the board had earlier recommended Kamath's induction as an additional director. Kamath, at the end of April 2009, stepped down as CMD of ICICI Bank and is now the non-executive chairman.
Infosys Technologies Ltd allotted 179 equity shares of par value of Rs 5 to Bankers Trust Co, New York, the depository of company's ADRs
Software icon N R Narayana Murthy has bemoaned that the 'elite' are going unpunished though they commit 'huge crimes' in the country and saw it as 'problem with this society'.
Promila Awasthi, an India-born American citizen, alleged her former bosses mocked her for observing American holidays like Thanksgiving and Christmas
The award will be presented to Nilekani by Yale University president Richard C Levin at the Yale CEO Leadership Summit of The Chief Executive Leadership Institute.
Infosys Technologies Ltd has been recognised amongst the top 16 Asian companies to be listed in the prestigious Most Admired Knowledge Enterprises (MAKE) study, 2009.
IT behemoth Infosys Technologies Ltd, which came out with its third quarter earnings, is awaiting approval for 219 patent applications in India and the US.
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."
IITians need to play a larger role in nation building and contribute to society. This could vary from mentorship, creation of jobs and broader wealth creation, said Nandan Nilekani, co-chairman and co-founder of Infosys Technologies Ltd, during the weekend.
Infosys has opened its first Latin American developmental centre in Mexico.
IT major Infosys Technologies Ltd is not seeing any trend towards downward pressure on pricing by clients, its CEO and managing director S Gopalakrishnan said on Wednesday. "We are not seeing any trend towards driving down pricing", Gopalakrishnan told reporters in response to questions on the sidelines of a press conference of The Indus Entrepreneurs (TiE).
Reacting to the horrific blasts that ripped through Bengaluru, India's third-largest software company, Infosys Technologies Ltd, said that it had increased security on its campus and that all its employees are safe.
Grappling with falling sales and a dropping bottom line, companies have had no alternate but to put cost-cutting measures in place. Infosys, for example, has cut variable pay, made appraisals more stringent and asked employees to make a one time saving of $10.
Infosys made this position clear, a day after its chairman and chief mentor N R Narayana Murthy reiterated that his company would not act on any CVs received from Satyam employees to ensure that nothing is done that would adversely impact the Hyderabad-based firm's future.
"Employees who have been consistently demonstrating poor performance were counselled out. Less than 1 per cent of our 11,250 employees in Chennai and 11,496 employees in Hyderabad have been impacted. As for the Thiruvananthapuram centre, less than 1 per cent of the 1,800 employees were impacted," said Mohandas Pai, member of the board, director, human resources, Infosys Technologies.
The award has been instituted by the Palladium Group Inc, a leading global professional services firm that enables companies to better measure and manage performance using the BSC approach, Infosys said in a statement.
Infosys Technologies and BT have won the National Outsourcing Association award for Innovative Outsourcing Project. The field optimisation suite (FOS) jointly developed by BT and Infosys Technologies Ltd bagged the award for the year 2007.
In fact, while IT bellwether Infosys Technologies (his earlier employer) got a drubbing at the bourses for not posting "better than expected" results, iGate stumped investors a couple of days back by announcing it plans to buy back shares from the public and delist from the Indian stock markets, while remaining listed in the US.
A top infotech official has warned the Indian IT industry, already facing trouble spots such as wage inflation, high attrition rates and a strong rupee, cannot afford to sit on its laurels as global competition is on the rise.
Infosys and other Indian companies are recruiting more locals in the U.S.
Dismissing talks that he was running for presidency as speculation, software icon and Infosys Technologies Ltd chief mentor N R Narayana Murthy on Wednesday said one should not spend time debating hypothetical issues.
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 has a long way to go as far as IT business is concerned, said Kris Gopalakrishnan, CEO Infosys Technologies Ltd.
Wage inflation will not blunt the country's competitive edge in the IT industry, according to software guru and chairman of Infosys, N R Narayana Murthy.
India's second largest software exporter, Infosys Technologies on Thursday announced it would set up two software development centres in China with a total investment of $65 million in the next five years.\n\n
In yet another recognition to India Inc's growing prowess, Infosys Technologies Ltd founder N R Narayana Murthy takes over as Chairman of the prestigious Asia Business Council.
IT major Infosys Technologies Ltd on Thursday said that it would invest Rs 800 crore more during the current fiscal.
Infosys Technologies Ltd has become the first company in India to obtain BBB rating, higher than the country's sovereign rating (BB+/Stable/B), from global credit rating agency Standard & Poor's, reflecting the company's strong financial profile.
For the third year, the Wharton Infosys Business Transformation Awards will 'salute' corporations and leaders who bring about real, lasting change through information technology, an Infosys statement said.\n\n\n\n
Deve Gowda had said that the Infosys boss had made no contribution in the last five years to bring the Bangalore International Airport Limited to fruition.
Infosys Technologies Ltd on Wednesday as part of the MoU between the company and government of China it would train 100 students from China.
Crisil has assigned corporate governance 'CG' and value-creation rating 'GVC level-1' to Infosys, indicating the highest capability to create wealth for stakeholders while adopting corporate governance practices.
Infosys Q4 net profit at Rs 1,124 crore on a standalone basis.
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