| Infosys Technologies Limited Related news |
Fresher hiring in US to aid margins in FY19: Infosys CEO Salil Parekh
Posted on 7th June 2018 |
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At a time when most analysts see margin pressure on domestic IT firms due to increased onshore hiring, Infosys on Wednesday said that the company expects hiring of fresh graduates in the US to its workforce to aid its profit margins, at least in the short-term. As a part of its localization drive, the Bengaluru-based company, during the past 12 months, have added 4,000 engineers in the US, and is looking at hiring 6,000 more by 2021. |
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INFOSYS COMPLETES $75 MN ACQUISITION OF WONGDOODY
Posted on 31st May 2018 |
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The country’s second largest IT services firm Infosys on Wednesday said it had completed the acquisition of US-based WONGDOODY. In April, Infosys had said it would acquire WongDoody Holding Company, a US-based digital creative and consumer insights agency, for a total consideration of up to USD 75 million. |
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Infosys concludes acquisition of US based Wongdoody at $75 million
Posted on 30th May 2018 |
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The country's second largest IT services firm Infosys on Wednesday said it has completed the acquisition of US-based WONGDOODY. In April, Infosys had said it will acquire WongDoody Holding Company, a US-based digital creative and consumer insights agency, for a total consideration of up to $75 million. |
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Infosys puts a break on fresher hiring, relying more on experienced hands
Posted on 23rd May 2018 |
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India’s second-largest information technology company, Infosys, is relying more on experienced hands than fresh graduates even though it weighs to its costs, according to the company’s latest annual report. This is happening when the sector is witnessing slower growth with increasing pressure on profit margins. |
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Infosys shifts stance on activist shareholders
Posted on 22nd May 2018 |
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Bengaluru: A new chairman and a new chief executive officer at Infosys Ltd have led to a shift in the way the company perceives risks to its business. Last year, Infosys told shareholders that activist shareholders were one of the challenges, as the company said: “Actions of activist shareholders may adversely affect our ability to execute our strategic priorities, and could impact the trading value of our securities.” |
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Infosys creates blockchain solutions for trade finance
Posted on 17th May 2018 |
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BENGALURU: Infosys has created a blockchain-based documenttracking system for trade finance and is implementing the solution with seven private banks in the country —Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, South Indian Bank and Yes Bank. |
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Infosys looks for expert in place of Ravi Venkatesan
Posted on 15th May 2018 |
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BENGALURU: Infosys has begun looking for a technology services industry expert to replace Ravi Venkatesan as independent director on the company’s board, a person with direct knowledge of the plan told ET. The software services exporter will involve an external agency to identify the right person, the source said, adding that the company would also “consider recommendations from existing board members as well from outside”. |
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Ex-Infosys independent director Ravi Venkatesan in talks for a big role at Amazon India
Posted on 14th May 2018 |
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BENGALURU: Ravi Venkatesan, the former Infosys cochairman, is discussing a potential offer to join US ecommerce giant Amazon in its India business in a senior role, said two sources familiar with the matter. Venkatesan, who has earlier also served as the head of Microsoft India, could join as either a board member, chairman or a senior advisor at Amazon India, the sources said. |
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Infosys CEO Salil Parekh to receive annual performance-linked equity grant worth Rs 13 crore
Posted on 5th May 2018 |
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India's second largest software services company Infosys today said its CEO Salil Parekh will receive an annual performance equity grant worth Rs 13 crore. Parekh had joined the Bengaluru-based company in January this year after a protracted stand-off ensued between Infosys founders led by NR Narayana Murthy and the previous management over issues of corporate governance and compensation to former executives. |
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