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The all-cash transaction is likely to be complete in the first quarter of 2020, subject to regulatory clearance.
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.
Q4 turned out to be a much softer quarter than we expected, and some of the ramp-ups did not happen.
The panel's report could be considered while framing the final document for the 12th five-year Plan.
IT industry's two giants present a contrast.
While having Murthy around will certainly help bolster employee morale, Infosys will have to go in for more process innovation and automation.
Infy's cash utilisation may play role in whether valuation gap too narrows
Last year in the same quarter, Cognizant had toppled Wipro as the third largest software exporter in India.
Raising the share of manufacturing from about 17 per cent to 25 per cent of GDP is necessary, says S Gopalakrishnan.
The amount considered for the acquisition is 1.3 times the revenues Loadstone is expected to garner in 2012
Infosys Technologies' fourth-quarter results have been poorly received. The bellwether stock has taken a severe beating, bringing the markets down with it.
Key among those would be US Federal Reserve Chairman Ben Bernanke's speech late on Monday evening, fourth-quarter earnings report by information technology major Infosys Technologies and India's industrial production data during the week.
Though the Infosys stock has regularly tanked on days the company's results are announced, it has made up for the losses before the announcement of the next results.
Infosys chief Kris Gopalakrishnan on Wednesday expressed hope that DTC and GST will be pushed through in the forthcoming budget, while Genpact vice chairman Pramod Bhasin feared economic reforms will be tough going forward.
Infosys, which is sitting on a cash pile of over $3 billion, has met criticism from investors and analysts as rivals like Tata Consultancy Services and Wipro have boosted their businesses with multiple acquisitions.
Sources say the company's decision has led to a lot of discontent among its employees, many of whom are said to have expressed their unhappiness on the company's intranet portal and 'bulletin board'.
Quarterly revenues may be volatile, as spending will be driven by the global macroeconomic situation
Supporting a strong Lokpal, Infosys Technologies Chairman Emeritus N R Narayan Murthy said reduction in corruption leads to faster economic growth of a country and this could have been the case in India also if graft had been curbed.
To tap the domestic market, the country's second-largest information technology company set up a separate unit within its BPO arm in 2009.
Narayana Murthy had some caustic comments regarding the academic standards of IITs across the country, following which IITian and celebrated author Chetan Bhagat hit back with his own opinion. Whose side are YOU on?
Software leaders are quite robust.
The company reported consolidated net profit at Rs 1,780 crore (Rs 17.8 billion) as against Rs 1,737 crore (Rs 17.37 billion) in previous quarter, a growth of 2.48 per cent (based on IFRS - International Financial Reporting Standards).
IT firm's performance shows trouble in products segment, a majority of whose share comes from Finacle
Asked what kind of pricing environment did he see in the slowdown period, Gopalakrishnan said the pricing was stable for now as the focus on cost was there since 2008 as the companies realise the perils of global slowdown.
Infosys Technologies Ltd allotted 4059 equity shares under an employee stock option plan.
The Bangalore-based company has said in a filing to Nasdaq 'additional information for 2010-11' that the average age of its employees in 2011 stood at 27 years.
Infosys Technologies, India's second largest information technology services firm, has discontinued some of its loan schemes for employees.
In a major top-level management restructuring, India's second largest software firm Infosys on Saturday named veteran banker K V Kamath as the new chairman to succeed founder N R Narayana Murthy, who retires in August.
Infosys Technologies will soon induct two of its top executives to its board, to fill the vacancies left by the resignations of human resources and administration director Mohandas Pai and co-founder K Dinesh.
As Japan makes frantic efforts to deal with the nuclear radiation leaks from the Fukushima Daiichi nuclear power plant in the aftermath of earthquake and tsunami, Indian information technology firms have begun relocating the families of their Indian employees in the country.
With ICT, there is a need to re-look at traditional models of business management, says Narayana Murthy.
Shareholders bid adieu to the co-founder and chairman who will retire in August.
The Indian Institutes of Technology and IIT-JEE coaching institutes have not taken kindly to Infosys Technologies founder, N R Narayana Murthy's comment that questioned the quality of students at these institutions.
"People addition is on track for 45,000 (employee hiring) target for the financial year 2012. The company will focus on local hiring. We have hired 1,000 people in the US in the last four quarters," Infosys Chief Executive Officer and Managing Director S D Shibulal said.
Jobs are back with a bang in India, proving it to be the most optimistic nation in terms of hiring plans.
The company plans to strengthen consulting capability in addressing the needs for the next phase of growth.
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