Infosys will be taking over the subsidiary along with all the costs in the similar manner that TCS had acquired the operations of the Pearl Group in the UK.
"Police have foiled a conspiracy to attack the airport and Infosys," Chief Minister H D Kumarawamy said.
The Supreme Court has ruled that the benefit given to the staff of a company under the employees' stock option scheme cannot be considered as taxable income and the company was not obliged to deduct tax at source.
Infosys and its CEO Nandan Nilekani are both working towards becoming global brands.
Infosys and other Indian companies are recruiting more locals in the U.S.
India's export-driven IT services industry would see erosion in margins due to the strengthening of the rupee, a top official of Infosys Technologies said on Friday.
N R Narayana Murthy, chief mentor of Infosys Technologies, on Friday supported the joint venture between Bharti Enterprises and Wal-Mart saying the Indian partner would benefit from the world's largest retail chain's expertise and technology.
Infosys chief mentor Narayana Murthy gave this speech at the NYU Stern School of Business.
The much-awaited demutualisation of Bombay Stock Exchange was completed on Friday after Asia's oldest bourse sold its 51 per cent stake to 21 investors.
India's second largest software exporter Infosys on Tuesday said it is pursuing 15 deals worth $100 million overseas, while it expects to earn more than five per cent of its total revenue over the next 5 years from the country.
Software major Infosys Technologies on Tuesday announced a consolidated net profit of Rs 4,659 crore (Rs 46.59 billion) for the year ended March 31, a 20.82 per cent growth over the corresponding period a year ago. Infosys had a consolidated net profit of Rs 3,856 crore (Rs 38.56 billion) for the year ended March 31, 2007, the second-largest exporter of software services said in a filing to the BSE.
The company has also turned its attention to new markets such as Australia, China, Japan, West Asia, Canada, South America and Latin America.
The senior management of India's second-largest IT services provider Infosys Technologies on Thursday insisted that all was well with the company's performance, and the IT sector as a whole.Infosys CEO and MD S Gopalakrishnan said, "Our margins (the company saw a 2.8 per cent improvement in its operating margins or OPM this quarter) are very good. We see a positive growth for IT services. It appears to be stronger this year than before."
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
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.
Infosys has a long way to go as far as IT business is concerned, said Kris Gopalakrishnan, CEO Infosys Technologies Ltd.
Constraints in acquiring land is hindering software major Infosys Technologies from expanding further in Bangalore, Nandan M Nilekani, chief executive officer, and managing director said on Wednesday.
Actor Madhavan recounts his interview with the mentor of Infosys Technologies, Narayana Murthy.
IT major Infosys Technologies Ltd became the first Indian company to remotely ring the opening bell of Nasdaq from its Mysore campus on Monday.
Infosys Technologies Chairman N R Narayana Murthy on Wednesday said corruption has become pervasive in institutions in the country and there is a strong incentive for politicians to keep people ignorant and illiterate.
Infosys Technologies co-chairman Nandan Nilekani is working on a book "on weekends". The book, to be published by Penguin, will be out next year.
Infosys, TCS, and Wipro still rake in profits, but they face challenges ranging from a stronger rupee to the likes of IBM and Accenture romping on their home turf.
The revenue growth rate for Tata Consultancy Services and Infosys Technologies has declined by over 20 percentage points to about 25 per cent from over 45 per cent in the quarter ended June 2006.
Infosys has added 27,000 employees in 2008 so far. Developing its human resource and creating a training and recruitment engine is high on its agenda.
As he prepares to step down, Infosys chairman N R Narayana Murthy reflects on the company he built, the future of IT and the effects of globalization.
Its consolidated net sales was Rs 3,773 crore (Rs 37.73 billion).
In an hour-long chat on rediff.com, one of India's most respected CEOs talks about leadership, the vision he has for the company, the impact of the rupee, et cetera.
Infosys Technologies has become the first Indian company to join Automotive Open Systems Architecture development partnership to develop protocol and standards for next-generation automotive electronics.
"It may not affect the industry, but there would be change in the perception and image of the industry if trade unions are introduced," Gopalakrishnan told a meet-the-press programme in Bangalore.
A high-level team from Infosys Technologies Limited visited Rajarhat in West Bengal on Tuesday to survey land for setting up a development centre in the state.
Infosys Technologies is planning to invest about Rs 400 crore
Infosys Technologies on Monday announced its first largescale plan to recruit 300 college graduates from universities in the United States in 2006.
IT major Infosys Technologies Ltd on Thursday said that it would invest Rs 800 crore more during the current fiscal.
The CEO of ICICI Bank is the third Indian in four years to win the accolade.
After quitting Infosys Technologies Limited as its senior vice-president and group head, human resources, Hema Ravichandar has now joined Mercer Human Resource Consulting as an independent consultant.
The Bangalore-based company, which already holds in excess of 11.8 million square feet of office space, has informed the US Securities and Exchange Commission that it will take seven properties on lease and develop one on its own.
Wipro is close to setting up an IT park in Nagpur and is believed to have acquired 117 acres of land at the new special economic zone in the city.
Indian IT firms have piled up net cash in excess of Rs 20,000 crore
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