Is the golden age of the IT professional over as Infosys, TCS, Wipro lose...
Wipro will cut one third of its employee base. Tata Consultancy Services to apparently let go off 25,000 senior employees (according to Business Standard). Infosys is in the middle of a transformation...
View ArticleInfosys appoints CRISIL CEO as independent director
Infosys has appointed Roopa Kudva, CEO of ratings and analytics company CRISIL, as an Independent Member of its Board of Directors. Kudva has “led CRISIL’s evolution from India’s leading credit rating...
View ArticleInfosys wins multi-year contract from Deutsche Bank
Infosys said it has signed a multi-year agreement with Deutsche Bank, without disclosing the deal size. Under the terms of the agreement, Infosys will provide services like be-spoke development,...
View ArticleInfosys to offer Finacle in the SaaS mode with Verizon
Infosys said it will now offer the Finacle suite of software solutions on Verizon Cloud. Finacle is a software suite designed to run banks on, while Verizon cloud refers to an Internet-based platform...
View ArticleInfosys revenue beats estimates, now better than TCS?
Infosys, the country’s third largest IT services exporter, announced that its first-quarter revenue has risen 4.5% to $2.26 bln vs expectations of $2.22 bln, beating the expected revenue. Against an...
View ArticleInfosys acquires oil and gas specialist Noah Consulting for $70 mln
Infosys Ltd, one of India’s top IT consulting companies, said it had agreed to acquire Texas-based Noah Consulting LLC, “a leading provider advanced information management consulting services for the...
View ArticleInfosys board member resigns for personal reasons
Infosys said one of its board members has resigned for personal reasons. Carol M. Browner was an independent director of the company. She has served as director of the White House Office of Energy and...
View ArticleInfosys guides for FY18 growth of 6.5-8.5% in constant currency
Infosys Ltd said it expects its revenue to grow by a modest 6.5-8.5%, stripped off the impact of currency movements, in the year that started this month. The street was expecting a guidance of 7-9%...
View ArticleWe expected better numbers: Vishal Sikka of Infosys
Infosys Chief Executive Officer Vishal Sikka said the company’s performance in the January-March period was below his expectations for various reasons. “It is a challenging performance,” Sikka said in...
View ArticleInfosys denies promoter stake sale plans
IT services player Infosys again clarified that its promoters had no plans to bring down their stake in the company. “Infosys would like clarify reports in the media speculating on plans of stake sale...
View ArticleVishal Sikka says Infosys trying to retrain employees displaced by automation
Infosys Chief Executive Officer Vishal Sikka said his company was not overwhelmed by the problem of automation and that it is trying to retrain its staff displaced by automation. Sikka was responding...
View ArticleFormer HUL Vice Chairman joins Infosys board
Infosys said it appointed Unilever veteran D Sundaram as an independent director. He is currently the Vice Chairman and MD of TVS Capital Funds Ltd. “He joined Unilever Group in 1975 and served in...
View ArticleNarayana Murthy to clarify his stand on Infosys allegations, Vishal Sikka today
Infosys founder and former chairman N R Narayana Murthy is all set to lay his cards on the table on his recent allegations about possible corruption at Infosys at a conference call with investors today...
View ArticleI’m not here to stay – Nandan Nilekani on Infosys
Former Infosys CEO Nandan Nilekani, who took over as Chairman of the company to resolve the tension between key shareholders and the management, said he did not join the IT company to run it. He said...
View ArticleInfosys included in Dow Jones Sustainability Index
Infosys said it has been inducted into the Dow Jones Sustainability Indices (DJSI) and is now part of two of the indices — DJSI World and DJSI Emerging Markets. The indices measure the economic,...
View ArticleIndian CEOs find themselves under promoter’s shadow – survey
Indian promoters are unwilling to give total management control to professional boards and managers, a survey by Assocham has revealed. A majority of the corporate firms have promoters’ holding well...
View ArticleInfosys completes acquisition of London-based Brilliant Basics
Infosys said it completed the acquisition of Brilliant Basics, a London-based product design and customer experience company. The acquisition was first announced a month ago. “Through this acquisition,...
View ArticleInfosys to deliver private cloud solution based on Suse Linux and Openstack
IT services provider Infosys said it now offers a private cloud solution built using SUSE Linux and Openstack. The solution will make use of Openstack cloud and datacenter solutions developed by...
View ArticleInfosys wins SAP contract from Finnish lift-maker KONE
IT outsourcing company Infosys said it has been chosen as a partner by lift-maker KONE for developing and maintaining its enterprise resource planning or ERP system. Infosys has been able to...
View ArticleInfosys to delist ADS from Euronext exchanges
Indian outsourcing company Infosys said it will delist its American Depositary Shares from Euronext Paris and Euronext London stock exchanges due to low transaction volumes. American Depositary Shares...
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