Infosys

Infosys to create 1,200 jobs, open 3 innovation hubs in Australia by 2020

To meet Australia's growing demand for digital expertise, the $11-billion Indian firm also formed an education ecosystem for providing learning opportunities.

Nov 21, 2018

Infosys to open technology hub in Texas, plans to hire 500 Americans by 2020

Last May, Infosys had announced to hire 10,000 American workers by 2019 and till date, the IT behemoth has employed 6,200 American workers.

Nov 14, 2018

Infosys to roll out salary increments for senior employees from January

The junior level employees had the rise in April and the senior executives' increments were scheduled for July which did not take place.

Nov 9, 2018

Tough road ahead for TCS as it faces charges of racial discrimination in US

The Mumbai-based company would have to offer a good reason to the American jury for why the engineers employed at its US operations are 13 times as likely to be sacked if they're not South Asian.

Nov 5, 2018

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Mukesh Ambani sets up Estonian JV for e-governance; takes up e-residency

There are just about 2,000 Indians who have opted to become e-residents of Estonia so far, primarily to access the business opportunity presented by the European Union.

Nov 4, 2018

Infosys retains revenue growth guidance after 10 percent profit jump

The Bengaluru-headquartered company added 7,834 employees on a net basis, compared with a reduction in the same period last year.

Oct 16, 2018

Infosys, TCS, Tata Motors and HDFC in list of world's best regarded companies

Trustworthiness, social conduct, performance of the company's product or service and the company as an employer were some of the parameters on which the list was compiled.

Oct 3, 2018

TCS sued by 3 US citizens over employment discrimination

The three complaints -- Darryl Stacy, Donald Stephen Bradley, and Hesham Hafez -- have alleged that TCS prefers to bring in the human resources from India even though there are able and trained US citizens

Sep 25, 2018

Infosys partners with Google for developing cloud transformation, migration services

The $10.9 billion IT behemoth has built Artificial Intelligence (AI) and machine learning solutions on the Google platform to digitise the data supply chain, such as analytics workbench.

Sep 22, 2018

Infosys to pay ex-CFO Rajiv Bansal Rs 12.2 crore after losing arbitration case

Bansal alleged that Infosys paid him Rs 5.2 crore and withheld the balance stating that he did not meet certain requirements.

Sep 18, 2018

Infosys buys Finnish firm Fluido Oy for $76 mn

Though the company did not disclose the acquisition cost in its release, it mentioned in a regulatory filing on the BSE that "100 per cent of Fluido's shares have been acquired in cash for Euro 65 million", which translates to $75.8 million (Rs 546 crore).

Sep 15, 2018

Rupee depreciation may benefit the IT companies

The Indian IT companies are expected to witness an improvement in margins by as much as 100 basis points in their second quarter on the current fiscal year.

Sep 11, 2018

Infosys faces lawsuit in US for not paying overtime

In a filing to the court, the complainant said that he was forced to work for 11 hour days at times and was paid for only 8 hours or fewer as CVS 'refused to be billed for overtime wages.

Sep 10, 2018

Infosys announces joint venture with Singapore-based Temasek

Infosys Consulting (Infosys subsidiary) will hold a 60 percent stake in the joint venture and it will be headquartered in Singapore.

Sep 7, 2018

Infosys hires 4,700 American employees after opening innovation hub in North Carolina

The hub will train, upskill and reskill Infosys and client employees, in the technologies required to help American businesses accelerate their digital transformations.

Aug 23, 2018

Infosys CFO Ranganath resigns, deputy to step in

Ranganath served as the CFO of Infosys for 18 years

Aug 18, 2018

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BSE Sensex hits 37,000: Is the current market rally a mirage?

Barring a handful of heavy lifters, many stocks do not matter anymore in either the rise or fall of the market.

Jul 26, 2018

Indian IT companies witness drop in foreign portfolio investors' exposure

Interestingly, one of the major features of the Indian markets in the current year has been the high volatility in terms of investment when it comes to foreign inflow and outflow

Jul 16, 2018

Infosys net up 5.8% in first quarter, investors to be rewarded

Releasing its earnings for Q1 2018, the company reported Rs 3,613 crore consolidated net profit, growing 12 percent annually a year ago. The company has decided to celebrate its 25th year of public trading by issuing one bonus share for every equity share.

Jul 14, 2018