"...Chief Executive Officer and Managing Director Abidali Z Neemuchwala has decided to step down due to family commitments," the BSE filing said. The board of directors has also initiated a search to identify the next chief executive officer, it added.
It said the company had tweaked leave accumulation only up to Q2 (FY21) end, and only as an interim measure.
Indian IT services firm Infosys and Rolls-Royce, an aerospace and defence technology major, on Wednesday announced signing a strategic partnership for sourcing engineering and R&D Services for the latter's Civil Aerospace business. As part of the overall partnership, Rolls-Royce will "transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys", a statement said. However, the number of people who will move to Infosys was not disclosed.
'His working style differs from his father as he is a quick decision-maker.'
The earnings are, however, expected to be down around 2 per cent on a sequential basis due to pent-up demand getting exhausted and the adverse impact of rising metals and energy prices on consumer goods and manufacturing companies.
Ex-Infosys CFO V Balakrishnan said the IT companies 'have to get employees who understand new technologies, they have to get rid of some of the employees, who are more on the legacy, and try to attract talent which is more digital'.
Though a weak dollar will lend some support to revenues and margins in FY21, the demand environment will outweigh any gain.
A Goldman Sachs report said, in the past also, major crisis have led to a sharp increase in outsourcing and even offshoring particularly to India , thanks to lower wages for technology developers as compared to developed economies, and an increasing annual base of engineering graduates.
The government said that the unilateral changes are not fair and acceptable.
According to the capital allocation policy approved by the shareholders in April last year, Infosys plans to give back around Rs 10,400 crore to shareholders by the end of this financial year.
'Money that came into mutual funds near the previous peaks -- the second half of 2017 and 2018 -- has in most cases experienced unflattering returns.' 'A large proportion of redemptions could be such inflows exiting when the market recovered sharply from July 2020 onwards.'
'People are doing a lot of trading.' 'Short-term euphoria can be seen.' 'Retail participation is best through MFs and PMS.'
Earlier, Twitter, Facebook and YouTube removed a video of Trump in which he repeated unfounded claims that the election was stolen from him.
The number of active cases of coronavirus infection remained below 8 lakh for the second consecutive day.
Former cricketer and Bharatiya Janata Party member of Parliament Gautam Gambhir has invested in community health monitoring platform FYI Health that uses various tools, including contact tracing, to deal with COVID-19. The company works on "herd intelligence" to create a safe work environment for enterprises, the company said in a statement on Tuesday.
'Internet, healthcare and life insurance are a few sectors which offer solid long-term decadal potential.'
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
Das faced allegations of opposing enforcement of hate-speech rules against Bharatiya Janata Party and other right-wing leaders. She was also accused of posting messages in support of the BJP for several years on a Facebook group of the company's employees.
However, the farmer bodies said they will again block the rail tracks if the government failed to resolve their issues.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
The Delhi Metro Rail Corporation (DMRC) authorities on Sunday reiterated that stations located in containment zones, as per the status on the day of journey, will remain closed.
It designs microsurgical instruments, devices used in minimally invasive surgery, drug delivery devices for ophthalmic therapies and user-centric wearables.
With Democrats having an upper hand in US Congress, the Donald Trump administration will find it difficult to come up with any future legislative changes with regard to visa regulations.
The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.
The move comes at a time when the traditional software maintenance and support works, once the bread and butter for export-driven IT services business, are slowly drying up.
Billionaire Jeff Bezos, who founded Amazon as an online bookseller nearly three decades ago, will step down as the CEO of the $1.7 trillion global retail giant in the third quarter of 2021 with Andy Jassy being named his successor.
With the changes in the workplace, in-demand skills, flexibility and being tech-savvy will help you save your job.
While for clients it has led to increased outsourcing, they are no more worried about which shore the service providers are executing the project in - offshore, onshore or near-shore - because remote working has become the standard norm in the industry, giving rise to a "no shore" kind of model.
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
Tata Consultancy Services (TCS) on Wednesday announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. In 2017 and 2018 too, TCS had undertaken buyback offers of similar sizes.
'One can start accumulating economy driven stocks in the next few months with a two-three year view.'
In the UK, Ola is the only app that offers black cabs and private hire vehicles, giving both the driver-partners as well as the users, more choice.
Most of the hirings are, however, in the entry or junior level.
Revenues from IT services segment, which accounts for a significant portion of the company's topline, stood at $2.013 billion, remaining flat sequentially and up by 5.8 per cent year-on-year.
The company is looking at building the 'bench' of employees in reserve, to be prepared for emerging demands, beside keeping staff attrition in control. Maintaining decent bench strength would help in implementing new projects.
During his address after flagging off the train via video-conferencing, Modi said his government's policies are clear and intentions transparent in reforming the agriculture sector.
The advent of internet of things, blockchain, data analytics, artificial intelligence, and self-driving cars has also created huge business opportunities for online training platforms such as Udacity and Coursera.
Infosys raised the lower-end of its FY20 revenue guidance and the revised forecast now stands at 9-10 per cent growth in constant currency terms.
Its Board has declared a second interim dividend of Rs 5 and a special dividend of Rs 40 per equity share of Re 1 each of the company.
