Infosys

  • Infosys says staff exodus a worry after Q4 profits beat estimates 15-04-2014 10:35 PM

    Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period. Retaining staff is a challenge for all...
  • Infosys gives 6-7 per cent wage hike to employees 15-04-2014 02:07 PM

    Country's second largest software services firm Infosys has raised salaries of its employees in the country by 6-7 per cent and by 1-2 per cent for onsite workers, effective April 1. "We have increased salaries. We have given salary hikes of 6-7 per cent for offshore and 1-2 per cent...
  • Infosys gives 6-7 per cent wage hike to employees 15-04-2014 02:01 PM

    Bangalore: Country's second largest software services firm Infosys has raised salaries of its employees in the country by 6-7 per cent and by 1-2 per cent for onsite workers, effective April 1. "We have increased salaries. We have given salary hikes of 6-7 per cent for offshore and 1-2 per...
  • Infosys shares jump 5 per cent post Q4 results 15-04-2014 12:54 PM

    Shares of Infosys on Tuesday rose nearly five per cent after the company reported 25 per cent increase in net profit for the quarter ended March 31, 2014. The scrip of the country's second largest software services firm opened the day on a positive note and further gained four per...
  • Infosys Q4 net profit up 24.9 per cent to Rs 2,992 crore 15-04-2014 09:39 AM

    Mumbai: Infosys, India's second largest software services exporter, beat the street by reporting fourth quarter (January-March) net profit at Rs 2,992 crore, up 4 percent compared to previous quarter in FY14. However, revenues fell 1.15 percent to Rs 12,875 crore as against Rs 13,026 crore on sequential basis. Analysts had...
  • Infosys hunts for new CEO, SD Shibulal set to retire next year 12-04-2014 08:46 AM

    Mumbai: As is tradition, Infosys will kickstart its earnings season next week with the tech major announcing its results on April 15. With the present CEO, SD Shibulal, announcing his desire to retire earlier than expected, it's not just the number that the street will be watching out this time....
  • Infosys is on headhunting for a CEO 12-04-2014 12:16 AM

    Bangalore: Infosys chief executive officer SD Shibhulal will step down from the company by January 9, 2015, sending India s second-biggest software exporter on a hunt for his successor. Shibulal, one of the seven Infosys founders, wants to retire as CEO of the company on or before January 9, 2015,...
  • Staff exodus to weigh on Infosys turnaround efforts 11-04-2014 05:49 PM

    An exodus of senior executives and staff at India's second largest IT outsourcing firm, Infosys Ltd, could hamper efforts to win lucrative contracts in the United States and Europe, and weigh on its profit growth outlook for this year. Nearly a fifth of the workforce had left the company in...
  • Fighting elections more exciting than Infosys job, says AAP candidate Balakrishnan 07-04-2014 03:49 PM

    In poll fray on AAP ticket, former Infosys director V Balakrishnan, once in charge of managing over Rs 15,000 crore of Infosys cash, finds fighting elections more exciting than his job at the IT giant. Bala, as the former finance head of Infosys is commonly known as, is fighting his...
  • No 'Modi wave', only anti-Congress wave: AAP candidate V Balakrishnan 06-04-2014 12:16 PM

    Dismissing any "Modi wave" in the country, AAP candidate from Bangalore Central constituency and former Infosys director V Balakrishnan on Sunday labelled both Congress and BJP as "corrupt" and said they have no intention to change the style of governance. Balakrishnan said there was an "anti-Congress wave" which can be...
  • LS polls: India Inc joins pitch to spread election fever 04-04-2014 04:51 PM

    As poll fever grips the nation, corporate biggies like Tatas, Birlas, Hero and Infosys have launched special initiatives to enthuse their own staff and general public to vote and some of them are even promising gifts and other incentives for their employees who vote. Besides, many companies have either declared...
  • Nilekani not an IT candidate, carries Congress baggage: BJP 03-04-2014 05:26 PM

    Dismissing any significant supportbase for Nandan Nilekani in this IT hub, his rival and BJP's sitting MP Ananth Kumar says the former Infosys chief was in fact carrying a huge baggage of the Congress party. "People recognise him here as a Congress candidate and not as anything other than that....
  • Sensex, Nifty rise for sixth day as foreign funds pour in 02-04-2014 09:44 AM

    Mumbai: Rising for the sixth straight day, the BSE benchmark Sensex on Wenesday climbed to yet another record closing high of 22,551.49 on increased foreign fund inflows mainly in banking and oil stocks amid firm global trends. In the day trade, the 30-share index touched all-time high of 22,592.10 for...
  • Amidst 'Modi wave' Nilekani most searched on Google in Karnataka 27-03-2014 06:34 PM

    Bangalore: Nandan Nilekani, Congress candidate from Bangalore Lok Sabha constituency, is the most searched name on Google compared to Karnataka Chief Minister Siddaramaiah and other leaders. "State political veterans such as Siddaramaiah, BS Yeddyurappa (former chief minister) and HD Deve Gowda (former prime minister) lag behind a political entrant like...
  • From Rs 200 to 7,700 crore, self-made Nandan Nilekani an inspiration for many 20-03-2014 11:54 PM

    Bangalore: A day before filing his nomination for the Lok Sabha elections, former UIDAI chief Nandan Nilekani, who is also the co-founder of Infosys, alongwith his wife Rohini Nilekani on Thursday disclosed details of his assets. "I started out with Rs 200 in my pocket, when I graduated from IIT;...
  • LS polls: Nilekani, wife declare assets worth Rs 7700 crore 20-03-2014 08:20 PM

    Making his wealth public a day before stepping into the fray, Infosys co-founder and Congress candidate from Bangalore South, Nandan Nilekani has declared that he and his wife Rohini Nilekani have assets worth Rs 7,700 crore. "I started out with Rs 200 in my pocket, when I graduated from IIT;...
  • Infosys inks applications development deal with Volvo 18-03-2014 10:23 AM

    Mumbai: Infosys, India's second-biggest IT outsourcer by revenue, said on Monday it has won a multi-year contract from Volvo Cars to provide application development services for its global operations. Infosys will provide applications to support multiple operations, including marketing and sales, customer service, manufacturing, product development and corporate functions, it...
  • LS polls: PM accepts Nandan Nilekeni's resignation as UIDAI chief 14-03-2014 05:38 PM

    Prime Minister Manmohan Singh today accepted the resignation of UIDAI Chairman Nandan Nilekeni who has quit to contest the upcoming Lok Sabha elections from Bangalore South constituency on Congress ticket. While accepting the resignation, Singh thanked Nilekeni for his "excellent leadership of the effort to provide a unique identity to...
  • Watch: Ex Infosys CFO V Balakrishnan on his political debut with AAP 11-03-2014 05:36 PM

    V Balakrishnan, AAP's candidate from Bangalore Central quit his job as the Infosys CFO talks about his debut in politics. He believes that AAP is bringing about a change in the country. ...
  • Rahul an agent of change, I intend to partner him in doing that: Nilekani 10-03-2014 07:11 PM

    New Delhi: A day after Congress declared his candidature from Bangalore South, UIDAI chief and Infosys co-founder Nandan Nilekani on Monday said that there is no Narendra Modi wave in the country while praising Rahul Gandhi. "Rahul Gandhi's ideas are revolutionary. He is an agent of change and has brilliant...
  • Nandan Nilekani to join Congress on Sunday 08-03-2014 05:55 PM

    Bangalore: Infosys co-founder and Unique Identification Authority of India chairman Nandan Nilekani, who is likely to contest the Lok Sabha elections from the Bangalore South constituency, will join the Congress on Sunday. "I will be joining Congress tomorrow," said Nilekani on Saturday. Meanwhile, Nilekani also hit out at the Bharatiya...
  • Sensex ends 67 points up to end at record close 05-03-2014 04:36 PM

    Mumbai: The benchmark Sensex on Wednesday extended gains by rising 67 points to end near its record close on sustained buying driven by positive global cues. Thawing of Ukraine crisis and upbeat economic data from China helped domestic markets, said traders. After gaining 263.08 points in the previous session, the...
  • Bangalore needs a real ambassador, I will provide that: Nilekani 03-03-2014 04:34 PM

    Bangalore: From Infosys co-founder to UIDAI chairman and now possibly Congress leader, it is only a matter of days before all the speculation surrounding Nandan Nilekani's formal entry into politics through the Congress is put to rest. If he gets a Congress ticket from the Bangalore South constituency, Nilekani faces...
  • BharatSync launches new services for low-end mobiles 01-03-2014 03:29 PM

    Users of email solutions provider BharatSync will now get functions like protection from unauthorised access to email, SMS backup, call log and call recording besides push mail and contact sync on their low-end mobile phones. IT company Data Infosys, who has developed the services, launched them for BSNL customers with...
  • Infosys to set up SEZ in Indore with Rs 400 crore investment 24-02-2014 05:52 PM

    IT major Infosys on Monday laid the foundation stone of its proposed SEZ which will be created with an initial investment of Rs 400 crore. The foundation-laying ceremony of the SEZ, to be constructed on 130 acres of land, was held at the Super Corridor on the outskirts of city...
  • Press Release: Innovating for a Better Tomorrow, with Dr. Devi Shetty and GE Healthcare 21-02-2014 09:20 PM

    New Delhi, 19 February, 2014: CNN-IBN, in partnership with Infosys, is all set to bring to the fore exemplary innovations that have not only transformed the lives of millions of Indians but have also left indelible impressions globally. The exclusive nine-episode series 'Innovating for a Better Tomorrow' will showcase innovations...
  • Non-performers at Infosys may be asked to leave: Narayana Murthy 20-02-2014 07:18 AM

    New Delhi: Software services giant Infosys, which employs 1.5 lakh people, may hand over pink slips to those who "did not add value" despite "high salaries" as it looks to cut costs and increase operational efficiency. Infosys Executive Chairman NR Narayana Murthy, who returned last June from retirement to head...
  • United Bank blames Infosys software for wrong NPA entries 19-02-2014 10:10 PM

    New Delhi: Blaming wrong classification for showing assets as bad debt, state-owned United Bank of India (UBI) on Wednesday said that the software system sourced from Infosys has "inherent deficiencies" in identifying quality of assets in certain categories. The core banking solution (CBS) system of the bank is based on...
  • Nandan Nilekani meets young voters in South Bangalore 03-02-2014 02:45 PM

    Bangalore: Former Infosys CEO and Unique Identification Authority of India (UIDAI) Chairman and Nandan Nilekani on Monday interacted with students as part of his 'Ideas for Bengaluru' campaign. Although Nilekani's candidature from Bangalore South on a Congress ticket is not yet announced formally, the former IT czar is making all...
  • Prof Nanyanjot Lahiri's works win her Infosys Award in humanities 03-02-2014 11:29 AM

    New Delhi: Monuments are not merely stones put together from the past - they are stories that have survived, waiting to be told. Delhi University Prof Nanyanjot Lahiri in marrying archaeology and history has won her the Infosys Award in Humanities - Archeology 2013. An exceptional scholar, she has dug...