Infosys

More job cuts likely as new Software companies to be taxed at usual 25% rate

In September, Nirmala Sitharaman, announced the reduction in the corporate tax rate to 15%, from the current 25%, for new manufacturing firms, giving a major relief for the Indian corporate sector.

Nov 18, 2019

Infosys row: CEO Salil Parekh under fire again after another whistleblower guns at firm

Claiming to be an employee in the $11-billion company's finance department, the whistleblower complained that he was unable to disclose his identity fearing retaliation.

Nov 12, 2019

Infosys layoff: IT firm fires non-performing techies, denies reports of massive job cuts

The company has not disclosed how many such employees were fired in the recent past.

Nov 6, 2019

Infosys says no prima facie evidence found on whistleblower complaints

In a letter to the National Stock Exchange dated November 2, the company said the anonymous complaints were still under investigation.

Nov 4, 2019

Will US regulator probe Infosys as Sebi looks into whistleblower charges?

Infosys whistleblower group has sent allegations about unethical audit practices of Infosys CEO Salil Parekh and chief financial officer Nilanjan Roy to US Securities and Exchange Commission; Sebi probe will weaken Infosys shares further in Indian stock markets and New York's Nasdaq.

Oct 24, 2019

Investors lose Rs 53,000 crore as Infosys shares suffer worst fall in 6 years, ends 17% lower

Some anonymous Infosys employees have written to the company board accusing its CEO Salil Parekh and CFO Nilanjan Roy of being involved in unethical practices for several quarters.

Oct 22, 2019

Infosys starts probe into alleged 'unethical practices' by CEO; shares tank

Infosys shares plunged 16 percent on Tuesday, marking their worst intraday drop in over six years.

Oct 22, 2019

Infosys techies accuse CEO, CFO of unethical practices

A few anonymous employees of global software vendor Infosys have accused its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for many quarters.

Oct 21, 2019

Enhancing its BPO services, Infosys takeovers Eishtec in Ireland

The analysts have said that acquisition would be part of Infosys's strategy to expand its BPO services in the Irish market.

Oct 9, 2019

FM Sitharaman announces steps to boost liquidity, demand

Pre-Diwali bonanza for India Inc? Govt announces bold reforms to kick start the economy

Finance Minister Nirmala Sitharaman exhibited boldness while announcing the decisions and instead of being nervous about the revenue shortfalls, she conveyed a clear message that growth is now the topmost priority.

Sep 21, 2019

It's official: Cognizant CEO announces job cuts by October end

Notably, since he took over as Cognizant's CEO in April, his main focus has been on the company's cost competitiveness.

Sep 6, 2019

Will Airbus' move to expand digital services centre in Bengaluru boost Make in India?

European aircraft maker plans to double the staff in its information management centre in Bengaluru to reduce outsourcing.

Sep 5, 2019

What's the salary of Tata Sons chairman N Chandrasekaran?

Mukesh Ambani, the chairman of Reliance Industries Limited, took home a remuneration of Rs 15 crore in the last year.

Aug 14, 2019

Tata Group keeps top spot in brand valuation survey; Here are Top 50 firms in India

Second in the list after the Tata Group is the Life Insurance Corporation with its valuation at about $7.2 billion.

Jul 18, 2019

Infosys tightens the belt to protect margins as staff attrition rate skyrockets

The IT major is taking several measures to contain the fall in margin including withholding salary hikes to senior employees and suspending bonus payments to the staff of vice president level and above.

Jul 16, 2019

Infosys net up 5.1% yearly, down 6.8% quarterly

Addition of 70 new clients during the quarter has taken their total number to 1,336, against 1,279 a quarter ago and 1,214 a year ago.

Jul 13, 2019

Infosys pays salary hike to 15% senior employees after 3-month delay

Not everyone received the increment. Sources said that delivery managers and other senior executives have received a three–five per cent hike while many others were deferred.

Jul 4, 2019

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Why is Infosys reviving Panaya, the Israeli subsidiary it wanted to sell at slashed rate?

The corporate governance fight created a negative impact on the brand value of Panaya, making it difficult for Infosys to find a buyer for it even after the value was slashed.

Jun 17, 2019

India may be one of the top 20 FDI sources in 2021, a UN report says.

World-beating India Inc may be a top-20 global FDI source by 2021: UN panel

Indian companies invested $11 billion overseas in 2018 and the figure is likely to go up this year putting India among the top-most FDI sources for the global economy, according to a UNCTAD report

Jun 14, 2019

Infosys to digitally transform Finnish postal company Posti

Infosys will be helping the Finland-based postal company manage a cloud workspace and will digitize the infrastructure to a flexible IT service model.

Jun 12, 2019

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