Infosys
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Massive drop in H-1B approvals for Indian IT companies in 2015-17
India | Apr 25, 2018, 01:53 PM ISTThe top-seven Indian based companies received only 8,468 approved H-1B visa petitions in the financial year 2017, a decline of 43 percent for these companies since the financial year 2015.
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Infosys rolls out mid to high single-digit salary hike for majority of its employees
Business | Apr 13, 2018, 08:40 PM ISTInfosys had a total headcount of 2,04,107 people at the end of 31 March, 2018. While the gross addition stood at 12,329 people, the net addition was of 2,416 employees.
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Infosys reports 28% fall in Q4 profit QoQ
Business | Apr 13, 2018, 05:50 PM ISTHowever, in terms of YoY comparison, the company’s Q4 profit witnessed a rise of 2.4 % rise and the revenue for the quarter rose 5.6% to Rs18,083 crore.
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Infosys to open tech hub in US, hire 1,000 Americans by 2022
Business | Mar 15, 2018, 02:06 PM IST"We will open our next technology and innovation hub at Harford in Connecticut and hire 1,000 American workers in the state by 2022," said the IT major in a statement.
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Infosys net zooms 38% to Rs 5,129 cr for third quarter
Business | Jan 12, 2018, 05:35 PM ISTIn a regulatory filing on the BSE, the IT major said consolidated revenue, however, grew 3 per cent annually to Rs 17,794 crore for the quarter under review (Q3) from Rs 17,273 crore in the same period year ago.
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Infosys CEO Salil Parekh to get salary of Rs 16 crore along with stock options
Business | Jan 04, 2018, 01:03 PM IST"Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores. He would be eligible for variable pay of Rs 9.75 crores at the end of the fiscal year," independent board member at Infosys Kiran Mazumdar Shaw said.
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Indian IT giant TCS to face trial in US for 'bias' against American workers
Business | Dec 28, 2017, 10:31 AM ISTThe lawsuit against TCS was filed in 2015 by a white IT worker who claimed he was subject to "substantial anti-American sentiment" within the company and was ultimately terminated within 20 months.
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Increasing automation, Infosys spat disrupted India's IT industry in 2017
Business | Dec 27, 2017, 04:03 PM ISTInfosys was rocked by boardroom battles that led to the dramatic exit of its first non-promoter Chief Executive, Vishal Sikka, in August and return of co-founder Nandan Nilekani as Chairman to steer it out of troubled times.
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Salil Parekh to replace Pravin Rao as Infosys’ CEO, MD
Business | Dec 02, 2017, 06:25 PM ISTIT major Infosys on Saturday appointed Sasil S. Parekh as its Chief Executive Officer and Managing Director with effect from January 2, 2018, a regulatory filing by the company said here on Saturday.
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Nandan Nilekani and wife Rohini pledge half their wealth for philanthropy
Business | Nov 21, 2017, 10:21 AM ISTAs of October 2017, Nandan Nilekani's net worth stands at $1.71 billion, according to Forbes.
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Slowdown in IT hiring to continue for years to come: Ex-Infosys CFO V Balakrishnan
Business | Nov 09, 2017, 05:01 PM ISTBalakrishnan agreed that the slowdown in hiring in the IT sector is going to persist.
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‘Rapid policy changes’ to blame, says Infosys, as traders seek CBI probe over GSTN glitches
Business | Nov 03, 2017, 10:52 AM ISTThe CAIT has also sought a third party audit into technical and other issues related to the GSTN portal.
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GSTN glitches: Officials ‘disappointed’ with Infosys’ performance, company denies
Business | Nov 01, 2017, 05:49 PM IST'It has been a disappointing experience,' an official said referring to Infosys' slow response to issues affecting the GST Network.
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Infosys Q2 net profit up 3.3% at Rs 3,726 cr; cuts 2017-18 revenue growth guidance to 5.5-6.5%
Business | Oct 24, 2017, 04:43 PM ISTIndia's second largest IT outsourcer Infosys suprised analysts posting a net profit of Rs 3,726 crore, an increase of 7 per cent sequentially.
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Infosys announces Nov 1 as record date for Rs 13,000cr share repurchase, payment of interim dividend
Business | Oct 10, 2017, 11:20 AM ISTThe share buyback programme by Infosys is the first in its 36-year history.
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Senior VP Sanjay Rajagopalan quits Infosys as top-level exits continue; says he is a ‘free man’
Sep 18, 2017, 08:09 PM ISTRajagopalan's resignation from Infosys comes in a string of top-level exits at the company after Vishal Sikka quit last month
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Infosys completes acquisition of UK-based design firm Brilliant Basics
Sep 11, 2017, 01:20 PM ISTLast month, Infosys had said that it would acquire Brilliant Basics for 7.5-million pounds (approx Rs 63 crore) in an all-cash deal
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Infosys to hire 6,000 engineers over next 1-2 years
Sep 10, 2017, 05:00 PM ISTUnfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last financial year
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Infosys to get freehold land for its maiden venture in West Bengal
Sep 08, 2017, 11:23 PM ISTOn August 29, CM Mamata Banerjee had said that Infosys would invest in the state without the SEZ status, which the company had sought.
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Infosys consults investors on governance norms
Sep 02, 2017, 04:30 PM ISTThe filing came a week after the $10-billion IT major's co-founder Nandan Nilekani returned as its non-executive Chairman on August 24.