INFOSYS

  • Infosys CEO Vishal Sikka meets PM Modi; commits $250 million for innovation in India January 14, 2015

    New Delhi: Infosys CEO Vishal Sikka on Wednesday met Prime Minister Narendra Modi and disclosed that his company will spend USD 250 million (over Rs 1,500 crore) to fund innovations in software and services in India. The chief of India's second largest IT services firm also discussed with Modi ways in...
  • Infosys Prize 2014: The science and society debate January 13, 2015

    The Infosys Awards are in the 6th year. This year, these awards have been instituted to recognise excellence in the pure sciences and in the social sciences. ...
  • Infosys beats estimates, Q3 profit up 13 per cent January 9, 2015

    Mumbai: Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on Friday, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients including Apple Inc, Wal-mart Stores and Volkswagen, said profit in the quarter ended December...
  • New IITs, IIMs: Infosys, contractor suggestions may be sought January 5, 2015

    New Delhi: The government has decided to seek suggestions from software giant Infosys and famed architect Hafeez Contractor to develop a model architectural plan for setting up new IITs (Indian Institutes of Technology) and IIMs (Indian Institutes of Management). At a recently chaired meeting of a panel to determine land requirement...
  • New IITs, IIMs: Infosys, Contractor suggestions to be sought January 4, 2015

    New Delhi: Government has decided to seek suggestions from software giant Infosys and famed architect Hafeez Contractor to develop a model architectural plan for setting up new IITs and IIMs. At a recently chaired meeting of a panel to determine land requirement for central higher educational institutions, it was also...
  • Journey of Professor Srivari Chandrashekar, winner of Infosys Prize 2014 in Physical Sciences January 2, 2015

    Professor Srivari Chandrashekar's work to make healthcare more affordable has won him the Infosys Prize 2014 in Physical Sciences. Prof. Srivari Chandrasekhar synthesises scarce natural products to make molecules used to manufacture drugs. ...
  • Watch: Journey of Dr Shubha Tole, winner of the Infosys Prize for Life Sciences December 31, 2014

    Dr Shubha Tole is the winner of the Infosys Prize for Life Sciences for pioneering work in the field of studying the brain. She has been working on finding out the cause behind mental illnesses. ...
  • Esther Duflo wins Infosys Prize for Social Sciences for work in development economics December 30, 2014

    Professor Esther Duflo has won the Infosys Prize for Social Sciences for her pioneering work in the field of development economics and her team's contribution in shaping social policies in India. She's the first non-Indian to win the award. ...
  • Watch: Infosys Science prize winner Jayant Haritsa's success story December 29, 2014

    We profile Jayant Haritsa, a scientist at the Indian Institute of Science who put India on the global map with this tools on trouble-shooting in database engines and brought laurels to the nation. ...
  • Sydney crisis: Indian techie's father prays for safe release December 15, 2014

    Guntur: Australian authorities have told the wife of an Indian techie, who is among the hostages at a popular cafe in Sydney, that the operation to free them is likely to be completed in a day while his family members in Andhra Pradesh are praying for his safe release. The father...
  • Sydney crisis: Infosys software engineer amongst hostages in Lindt cafe December 15, 2014

    Sydney: An Indian software professional is amongst several other people held hostage by an armed gunman in a cafe in downtown Sydney. A native of Andhra Pradesh, the engineer works with Infosys Australia. "One software engineer is among the hostages. He is an employee of Infosys Australia. Our consulate in Sydney...
  • Infosys launches probe into complaints of financial misconduct in BPO wing November 20, 2014

    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 November 18, 2014

    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 November 18, 2014

    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...