31-year-old Indian Techie Raghavendra Ganeshan of global software giant Infosys, who has been missing in terror-hit Brussels, is no more. A week after the terror assault shook the Belgian capital, also the headquarters of the European Union, the Indian Embassy there and the Ministry of External Affairs confirmed the death of Raghavendran Ganesh.
India's second largest IT firm Infosys is delighted with Dr.Vishal Sikka and extended the tenure of its first non-founder chief executive by two years to 2021 as a reward for his initiatives and for restoring the IT firm's industry leadership. The the board re-appointed Sikka as managing director and chief executive from April 1, 2016, to March 31, 2021, on the recommendation of its nomination and remuneration committee.
Infosys' topline has positively surprised. 4.5% revenue growth QoQ is really commendable. Infosys has begun the first quarter of fiscal 2016 with surprisingly strong revenue growth and an unexpected bump-up in annual guidance, raising hopes that CEO Vishal Sikka's 'renew and new' strategy may be beginning to pay off.
In the reply of US Department of Labour investigation against TCS and Infosys for possible violations of rules for visas for foreign technology workers under contracts, TCS and Infosys on Sunday said that they are “fully compliant” with the immigration rules and have received “no indication of any broader investigation” on its visa practices.
Indian IT major Infosys on Thursday announced it has completed the acquisition of Kallidus Inc, which is the holding group behind Skava.
Within two months of its then board member Ashok Vemuri's departure, Infosys is witnessing another major exit. Its executive council member Stephen Pratt has resigned.
Homegrown PC maker HCL Infosystems, which competes with multinational giants like HP and Dell, will phase-off its manufacturing business in the next few years to improve margins and increase organisational efficiency.
IT services and products firm HCL Infosystems on Thursday reported a 41.7 per cent decline in its standalone net profit at Rs 1.48 crore for the quarter ended September 30, 2013.
Infosys Science Foundation's 2013 Awards were announced on Tuesday, honouring eminent scientists from India and overseas.
Infosys board member V Balakrishnan sold 1 lakh company shares held by his two daughters on November 6 and 7, according to a regulatory filing on the Bombay Stock Exchange. Infosys is India's second biggest outsourcer after Tata Consulting Services.
IT giant Infosys, which is managing the Corporate Affairs Ministry's e-governance portal, MCA21, is investing over Rs 100 crore to upgrade the system in view of expected rise in load as company filings surge on account of the new companies law.
Infosys BPO, the business process outsourcing unit of IT giant Infosys, on Friday announced the opening of a new delivery center in Eindhoven, the Netherlands. The 120-seat center strengthens Infosys BPO's global footprint and reinforces its position...
Tech services giant Infosys Ltd agreed on Wednesday to pay $34 million to end a US investigation related to the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas.
Technology giant Cognizant told NDTV that Infosys's record visa settlement will not affect the Indian IT offshoring model.
As government looks at ways to analyse huge amounts of data available on corporate as well as individual level to increase tax collections by studying various parameters like spending patterns, IT companies expect strong growth in the big data and an...
Jack B. Palmer, a former employee of Infosys, rose to fame after he brought a whistleblower lawsuit against the Indian IT giant in Alabama, USA, in February 2011
In one of the largest settlements in an immigration fraud case, Infosys has agreed to pay the amount to resolve claims made by federal prosecutors in Texas.
Former Infosys employee Jack Palmer, who brought the whistle-blower lawsuit in Alabama in February 2011, will be "amply and justly rewarded," John Bales, the US attorney for the district of Texas, said in a news conference in Plano on Wednesday.
The U.S. investigation focused on the use of B-1 business visas and I-9 forms, Infosys has said. A person on a B-1 visa in the United States can participate in meetings but is not allowed to work.
In the largest settlement ever in an immigration case, Infosys admitted no visa violations but agreed Wednesday to pay $34 million to resolve claims made by federal prosecutors in Texas.
Jay Palmer, a former American employee of Infosys, who had brought a whistleblower lawsuit against the IT giant, could receive about $5 million of the $34 million the Indian firm agreed to pay to settle a visa fraud investigation in the US.
Infosys, the giant Indian technology outsourcing company, has agreed to pay $34 million in a civil settlement after federal prosecutors in Texas found it had committed "systemic visa fraud and abuse" when bringing temporary workers from India for job...
According the Forbes list, the wealth of N R Narayana Murthy & family was pegged at $1.64 billion, Senapathy Gopalakrishnan & family at $1.39 billion and Nandan Nilekani & family at $1.3 billion.
This marks an increase of about $1 billion since the beginning of current fiscal in the four companies' cumulative cash position, which includes cash, cash equivalents, bank deposits and disposable financial investments.
According to data compiled by LinkedIn, IBM, Hewlett-Packard, Oracle, TCS, Amazon, Microsoft and Airtel round off the top 10.
This is the second year in a row that Accenture has retained its number one spot, the professional networking site said.
While Coal India and Hindustan Unilever saw losses in their market capitalisation (m-cap), TCS, Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, Bharti Airtel and Sun Pharma made gains.
Rohan Murty, Infosys co-founder N R Narayana Murthy's son, is working as an executive assistant to his father, CEO and managing director S D Shibulal said on Friday, addressing concerns about his role.
The BSE Sensex edges up on the back of gains in IT stocks after Infosys raised the lower end of fiscal 2014 revenue outlook.
IT stocks saw strong buying interest after Infosys raised its revenue guidance for the fiscal year
The results were the first for a full quarter since Mr Murthy came out of retirement on June 1 to be executive chairman. Infosys saw strong sales growth after many quarters indicating that Mr Murthy's push on "bread and butter" IT outsourcing contrac...
The results were the first for a full quarter since co-founder Narayana Murthy came out of retirement on June 1 to be executive chairman after two years of mostly disappointing earnings that saw the long-time industry bellwether lose ground to rivals...
Infosys, which today announced its second-quarter results, said that saw a net addition of 2,964 employees during the period. Overall, 12,168 employees joined Infosys and its subsidiaries during the July-September quarter.
Infosys, posted a quarterly profit which missed analyst estimates, and raised the lower end of its revenue guidance for the fiscal year ending in March.
Infosys shares jumped as much as 7.5 per cent on Friday after India's second largest outsourcer reported higher than estimated sales for the September quarter. Profits lagged estimates at Rs 2,407 crore, but the hit came on account of one-time visa c...
Explaining the rationale behind not raising the upper end of the guidance, Mr Shibulal said the third and fourth quarters are generally soft quarters for Infosys. The third quarter (ending December) sees holidays and furloughs, while clients finalize...
Infosys has raised the lower end of the guidance from 6 to 9 per cent, but the upper end remains at 10 per cent. So, despite raising the guidance, Infosys growth for the full year may be lower than 12-14 per cent growth estimate for the sector made b...
Indian stocks markets moved higher today, boosted by upgraded guidance from Infosys and strong global cues.
Infosys said net profit for the second quarter rose to Rs 2,407 crore as against Rs 2,374 crore in the June quarter. Revenues for the quarter rose to Rs 12,965 crore as against Rs 11,267 crore in the previous quarter, Infosys said.
Independent analyst Saumil Trivedi told NDTV that Infosys is shaping well for a big day. The stock has based out and broken out of a narrow range. If Infosys clears Rs 3,200, the stock can jump to Rs 3,400 quickly, he added.
Tata Motors' shares rose 4.9 per cent after unit Jaguar Land Rover Ltd said in a statement that its September retail sales were up 17 per cent, which dealers said were above expectations.
The BSE Sensex rose on Thursday to its highest close in nearly three weeks, as Tata Motors surged to a record high on unit Jaguar Land Rover's sales while Infosys also edged up ahead of its July-September results on Friday.
Big Indian IT companies, heavily reliant on the U.S. market and eager to diversify, have intensified efforts to crack continental Europe in the past three years through acquisitions, setting up operations on the ground and hiring locally.
India's largest software firms Infosys and Tata Consultancy Services (TCS), have bagged a contract from US-based Northeast Utilities to manage a part of its IT department, a source said.
The engagement will see Infosys deploy a managed service model, the Bangalore-based company said in a statement. This will cover applications across Toyota's operational areas in Europe, including core automotive processes (like supply chain, manufac...
The new bank will have 314 branches located mainly in the north-west England and it is scheduled to be floated on the London market in late 2015, the source added.
A bomb scare call to the IT firm Infosys in Mangalore that sent the police and employees into a tizzy turned out to be hoax today.
There are reports of a bomb scare at the Mangalore campus of IT major Infosys.
In 2012-13, Vemuri drew a basic salary of Rs 3.89 crore ($708,000) along with a bonus of Rs 1.02 crore ($ 190,978) at Infosys, taking the total to Rs 4.91 crore.
A 25-year-old employee of an IT firm in Karnataka's Mysore was found hanging from a fan in his rented house. This is the 5th case of a techie committing suicide in the last 3 months in Hyderabad, Bangalore and Chennai. Companies say, not seeking help...

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