INFOSYS

  • Infosys launches probe into complaints of financial misconduct in BPO wing 3 days ago

    Bangalore: Infosys has launched an internal probe into its BPO arm following complaints of financial irregularities. A whistleblower's complaint had alleged that invoices to client Apple had been inflated. Infosys has already fired BPO CFO Abraham Thomas for not reporting the irregularity. "The financial irregularities are not material in nature and...
  • 'Young turks' book: Showcasing stories of India's brightest entrepreneurs 5 days ago

    For 13 years, CNBC TV-18's Young turks has been India's longest running show on Entrepreneurship and has brought audiences the most inspiring start up stories. The first young turks book published by Random House India profiles stories of 13 of India's brightest young entrepreneurs. The book was launched in a...
  • Looking forward to Modi's 'Make in India' vision: Infosys 6 days ago

    CNN-IBN's Marya Shakil spoke to the CEO of Infosys Vishal Sikka about Prime Minister Narendra Modi's visit to Australia. Sikka said, "Modi's speech at Allphones Arena was inspiring. He speaks from heart." Sikka also said that he is looking forward to Modi's "Make in India" vision. ...
  • India's Infosys plans to hire over 2,100 people in the US November 6, 2014

    Mumbai: Infosys said it plans to hire over 2,100 people in the United States as the company works toward scaling up its global presence and boost key work areas like client relationship management and consulting. Like most rivals, India's second biggest IT services provider gets the major chunk of its business...
  • Fed up of inconsistent electricity, IT companies develop private solar plants November 4, 2014

    Mumbai/New Delhi: Fed up with constant electricity cuts and government-enforced "power holidays", Indian IT firm ValueLabs has turned to the sun beaming down on its head office for help. In July, it finished building a 13 megawatt solar plant - enough to power 6,000 homes - to keep the lights on...
  • Infosys pulls out of new development centre project in Bengaluru November 3, 2014

    New Delhi: Country's second largest software services firm Infosys has pulled out of the proposed software development centre project to be set up near Bengaluru citing lack of infrastructure in India's 'Silicon Valley'. It has also asked the Karnataka Industrial Areas Development Board (KIADB) to refund the deposit for land it...
  • Infosys to construct toilets in 109 schools of Bhubaneswar October 27, 2014

    Bhubaneswar: Infosys Foundation informed the Odisha government that it will construct toilets in 109 state-run schools in the capital city as part of its involvement in the Swachha Vidyalaya programme. Infosys Foundation chairperson Sudha Murty informed this to the state government when she met Chief Minister Naveen Patnaik. This apart,...
  • 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...