INFOSYS

  • We can once again become bellwether of IT industry: Vishal Sikka October 10, 2014

    Bangalore: Leveraging next generation technologies like artificial intelligence, software services major Infosys is confident of returning to industry-leading growth and regaining its position as the bellwether of the over US dollar 100 billion Indian IT industry. Vishal Sikka, who took over as CEO of the Bangalore-based firm in August, has been...
  • Narayan Murthy wants to be an 'average joe' October 10, 2014

    IT veteran NR Narayana Murthy has turned down the offer to become Infosys' Chairman Emeritus saying he wants to avoid conflicts and maintain corporate governance standards at the firm he co-founded 33 years ago. ...
  • Infosys Q2 beats estimates, consolidated net profit up 28.6 per cent year-on-year to Rs 3,096 cr October 10, 2014

    Mumbai: Infosys has reported a 7 per cent growth in second quarter (July-September) profit at Rs Rs 3,096 crore quarter-on-quarter and dollar revenue grew 3.2 per cent to USD 2,201 million. According to CNBC-TV18 poll estimates, analysts had expected 3.43 per cent growth in profit after tax at Rs 2,985...
  • Infosys falls nearly 5 per cent on downgrade; m-cap down Rs 10K crore October 8, 2014

    Mumbai: Shares of IT services major Infosys lost 5 per cent on Wednesday, wiping-out Rs 10,341.31 crore from its market capitalisation, after Citigroup downgraded India's second largest software exporter. The company's stock settled 4.70 per cent lower at Rs 3,650.20 on the BSE. During the...
  • Former Infosys employee files new lawsuit seeking damages October 3, 2014

    Mumbai: A former Infosys Ltd employee responsible for starting a US investigation into the company's visa practices has filed another lawsuit demanding damages for alleged wrongful termination. US national Jack Palmer, who was employed by Infosys in Alabama, said in the lawsuit filed on Thursday with a New Jersey court that...
  • Sensex, Nifty flat; Reliance & Infosys up, HUL falls September 29, 2014

    Mumbai: Sensex on Monday fell 29 points to end at 26,597.11 while Nifty sliped 10 points to close at 7,958.90. Earlier the market has opened on a flat note. The Sensex is up 8.81 points at 26635.13 and the Nifty is up 9.60 points at 7978.45. About 474 shares have advanced,...
  • Make it easy for domestic investors to invest in India, says Narayan Murthy September 25, 2014

    In an interview to CNN-IBN, Infosys founder Narayan Murthy said that the Indian government should make it easy for foreigners and domestic investors to invest in India if they want 'Make in India' to be a success. ...
  • Haemorrhaging talent, Infosys' new CEO allows staff to use Twitter, Facebook September 24, 2014

    Mumbai: Infosys Ltd's new CEO has come up with a novel approach to reviving the financial fortunes of India's trailblazing outsourcing firm: use Facebook at work, tweet, but get the job done. Infosys has long been run as a conservative company known for keeping strict tabs on work hours and sometimes...
  • Infosys wins 5year IT services deal from BP September 4, 2014

    New Delhi: Country's second largest software exporter Infosys on Thursday said it has bagged a fiveyear contract from Europe's second largest oil and gas company, BP to provide IT services. No financial details were provided. Infosys will provide IT services, particularly in areas like application support and development to BP, Infosys said...
  • ITC replaces TCS as India's most admired company August 24, 2014

    New Delhi: TobaccotoFMCG conglomerate ITC has replaced Tata group's IT giant TCS as the country's most admired company on a Fortune magazine list, which has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. ...
  • Sensex gains 190 points August 11, 2014

    Mumbai: Auto and IT stocks led the market on Monday. The Sensex ended up 190.10 points or 0.75 percent at 25519.24, and the Nifty was up 57.40 points or 0.7 percent at 7625.95. About 1716 shares have advanced, 1221 shares declined, and 96 shares were unchanged. M&M was up 6...
  • Former Infosys officers call for $1.8 billion buyback August 6, 2014

    Mumbai: Concerns over the pace of change at India's secondbiggest software services company have spurred three former officers of Infosys Ltd (INFY.NS) to seek 112 billion rupees ($1.83 billion) in the form of a buyback for all shareholders. Former officers V Balakrishnan, TV Mohandas Pai and DN Prahlad are seeking 3,850...
  • Mohandas Pai, Balakrishnan ask Infosys to buy back shares worth Rs 11,000 cr August 6, 2014

    Bangalore: Former Infosys top executives TV Mohandas Pai, V Balakrishnan and DN Prahlad have asked the country's second largest software services firm to buy back shares worth Rs 11,200 crore, saying it will help check the "asymmetry of information" between management and investors. In a letter to Infosys Board, the three...
  • Infosys to focus on start ups, IP, Products and Platforms August 1, 2014

    Bangalore: Vishal Sikka, the first non founder and outsider to lead Infosys, on Friday said the country's second largest software services firm will focus on intellectual property, products and platforms in an effort to revive the lost glory of the once IT bellwether. The former Board member of German software giant...
  • Infosys first quarter profit up 21.6 per cent, beats estimates July 11, 2014

    Mumbai: Infosys Ltd (INFY.NS), India's secondlargest software services exporter, posted a 21.6 per cent increase in quarterly net profit, beating estimates, as it won new outsourcing contracts from overseas clients. Consolidated net profit for the quarter ended June 30 rose to Rs 2,886 crore from Rs 2374 crore in the same...
  • Government acquires land for Infosys in Hubli July 10, 2014

    Bangalore: Karnataka government on Thursday said it has acquired land for Infosys Technologies to set up a unit with an investment of Rs 3,000 crore in Hubli. Replying to a query by Opposition Leader Jagadish Shettar during question hour in the assembly, IT Minister S R Patil said, "the land has...
  • Vishal Sikka hints at 'transformation' in Infosys July 7, 2014

    New Delhi: A month ahead of taking over as Infosys CEO, Vishal Sikka has hinted at "transformation" to bring back the lost glory to the over US dollar 8 billion entity. Prepped to assume the new role, Sikka on Monday in a blog post said that a company's "transformation" is about...
  • Infosys becomes first IT firm to file sustainability report July 2, 2014

    Bangalore: Global software major Infosys Ltd became the world's first IT firm to file a sustainability report based on the latest global reporting initiative (GRI) framework, the IT bellwether said on Wednesday. "As a valuedriven company, we follow the highest levels of disclosure, besides ensuring compliance with the laws of the...
  • Murthy got cost equation right,successor to take it fwd:Kamath June 27, 2014

    New Delhi: Commending the role of N R Narayana Murthy, veteran banker K V Kamath on Friday said the Infosys cofounder had "got the cost equation right" to improve topline growth. Kamath, who is also the nonexecutive Chairman, said it is now upon the "successor" Vishal Sikka to take that agenda...
  • Infosys elevates 12 leaders as executive VPs June 16, 2014

    Bangalore: With the appointment of Vishal Sikka as CEO and Managing Director of the company, IT major Infosys has elevated 12 leaders to the position of Executive Vice President with additional responsibilities. Among those who have made it to the list of Executive Vice Presidents are CFO Rajiv Bansal; Sandeep Dadlani,...
  • China no threat to Indian IT: Infosys June 16, 2014

    Beijing: China's burgeoning IT industry is not a threat to the Indian software industry yet, but it is well entrenched in the domestic market to make the Indian majors sweat to gain entry, says a top Indian IT official. "Our $ 100 billion software industry is under no threat from...
  • Murthy makes way for Sikka at Infosys June 14, 2014

    Bangalore: One of India's most revolutionary entrepreneurs NR Narayan Murthy on Saturday got up to take charge of his last annual general meeting at Infosys. The hall was hush with memories and expectations. Murthy, S Gopalakrishnan and S D Shibulal were all stepping down from their executive roles at Infosys. "We...
  • Infosys founder plays down top management exits; focus on innovation June 14, 2014

    Bangalore: Infosys has enough senior managers to run the business even if more executives leave India's secondlargest IT services exporter, its founder said on Saturday, after a spate of staff exits triggered concerns about a leadership vacuum. N.R. Narayana Murthy played down the departure of at least 11 senior executives since...
  • Infosys diluted focus on meritocracy, accountability: Murthy June 14, 2014

    Bangalore: As he signed off his second innings at Infosys, industry icon N R Narayana Murthy on Saturday said the nation's second largest IT services firm Infosys had "diluted focus on meritocracy and accountability" in the past decade, forcing him to take "hard and tough decisions." Addressing shareholders for the last...
  • Infosys CEO to work out of US; travel frequently to Bangalore June 12, 2014

    Bangalore: Vishal Sikka scored two firsts when Infosys named him its next chief operating officer and managing director. Sikka is the first person outside the group of founders appointed to the position in the company's three decadeold history. He'll also be the first to operate out of California and will spend...
  • News 360: FIFA World Cup 2014 all set to begin June 12, 2014

    The beautiful game's most celebrated tournament the FIFA World Cup will see daylight in a few hours in Brazil, though the sky hanging over the event's opening will be slightly cloudy due to the smoke emanating from the local protests over money spent in hosting the event. This...
  • Sikka will have to rebuild a core team : Balakrishnan June 12, 2014

    Former Infosys board member V Balakrishnan said that Vishal Sikka, the new CEO of Infosys, will have to rebuild a core team. "Sikka will have challenges ahead but the uncertainty is over. Hopefully Vishal will get growth back. NR Narayana Murthy stepping down is the right thing to do." He...
  • Tremendous opportunity for Infosys ahead, excited to work here: Sikka June 12, 2014

    New Delhi: The ITconglomerate Infosys to appoint Vishal Sikka as the Chief Executive Officer and Managing Director with effect from June 14. The decision was taken by the Infosys Board of Directors. Sikka was, until recently, a member of the Executive Board of SAP AG, leading all products and driving innovation...
  • Live: Infosys welcomes Vishal Sikka as the CEO, Murthy wishes him luck June 12, 2014

    Infosys will appoint Vishal Sikka as the Chief Executive Officer and Managing Director with effect from June 14. The decision was taken by the Infosys Board of Directors. He will take over as CEO and MD from SD Shibulal on August 1, 2014. ...
  • Infosys to appoint Vishal Sikka as CEO, MD; Murthy to be designated as Chairman Emeritus June 12, 2014

    New Delhi: The ITconglomerate Infosys will appoint Vishal Sikka as the Chief Executive Officer and Managing Director with effect from June 14. The decision was taken by the Infosys Board of Directors. He will take over as CEO and MD from SD Shibulal on August 1, 2014. Sikka was, until recently,...