Infosys does not support dual employment; have fired violators in last 12 months: Salil Parekh
NEW DELHI: India’s second largest IT services company Infosys on Thursday made it clear that the company does not support moonlighting and said it has fired employees who were into dual employment over the last 12 months. Infosys, however, did not divulge the exact number of people who were “let go” on account of moonlighting. […]
Infosys, Microsoft ink multi-year deal with Ausgrid
NEW DELHI: Infosys, a global leader in next-generation digital services and consulting and Microsoft have entered into a multi-year strategic engagement with Ausgrid, the largest distributor of electricity on Australia’s east coast, to accelerate its cloud transformation journey and establish Ausgrid as a leading digital utility. This program will further Ausgrid’s vision to connect communities […]
Narayana Murthys son-in-law in row over not declaring wife’s wealth in UK ministerial register: Report
NEW DELHI: Infosys founder N.R. Narayana Murthys son in law and UK chancellor, Rishi Sunak is facing questions over the transparency of his wealth disclosures as his wife’s holding in Infosys and other ventures has not been declared in the ministerial register. The Guardian reported that an investigation established that his wife and her family […]
Infosys co-founder S D Shibulal gets over 400,000 shares as gift
NEW DELHI: Infosys co-founder S D Shibulal has received little over 400,000 shares of the company as a gift, taking the total number of shares owned by him to more than 2,160,000 shares, according to a regulatory filing. Infosys, on Friday, informed the stock exchanges that “401,000 equity shares (representing 0.01 per cent) of Infosys […]
Infosys logs 20% rise in Q2 consolidated net profit
BENGALURU: IT major Infosys on Wednesday reported a 20.55 per cent increase in its consolidated net profit for the July-September quarter, on a year-on-year basis, at Rs 4,845 crore. During the corresponding period of the last financial year, Infosys had reported a consolidated net profit of Rs 4,019 crore. The company’s total revenue from operations […]
Infosys to acquire GuideVision
NEW DELHI: Infosys has announced a definitive agreement to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe. GuideVision is an award winning enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform. GuideVision’s end-to-end offerings, including SnowMirror – a proprietary smart data replication tool […]
Infosys to buy US product design firm for $42 million
NEW DELHI: Infosys has announced a definitive agreement to acquire Kaleidoscope Innovation, a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets, bolstering capabilities in the design of smart products. This acquisition demonstrates Infosys’ commitment to innovate for its clients, and make a meaningful impact on human lives by combining […]
Infosys among UK firms accessing Rishi Sunak’s Covid-19 job saving scheme
By Aditi Khanna LONDON: Indian software major Infosys is among the many UK companies to benefit from UK Chancellor Rishi Sunak’s Coronavirus Job Retention Scheme, it emerged on Sunday. Infosys, co-founded by Sunak’s father-in-law Narayana Murthy, said it had used the furlough – or forced leave – option for 3 per cent of its staff in […]
Another whistleblower guns for Infosys’ CEO Salil Parekh: Report
NEW DELHI: Another whistleblower from global software major Infosys accused its Chief Executive Officer (CEO) Salil Parekh of committing misdeeds and urged the Chairman and the board of directors to act against him on the volatile complaints. “Though it is a year and 8 months since Parekh joined the company, he operates from Mumbai in […]
Infosys opens new R&D centre in Arizona, to hire 1,000 US workers by 2023
NEW DELHI: Infosys has joined Arizona Governor Doug Ducey to inaugurate its Technology and Innovation Center in Arizona. Infosys plans to hire 1,000 American workers in the state by 2023. Infosys also announced that it has surpassed its Spring 2017 commitment to hire 10,000 American workers as part of its ongoing efforts to accelerate the […]
Blunt talk needed in country today, Narayana Murthy says, cites his spat with Vishal Sikka
NEW DELHI: Infosys co-founder Narayana Murthy said on Saturday that looking at “what is happening in different parts of the country today”, the youth need to state bluntly that this was not the country for which our forefathers got freedom. Talking about his spat with Vishal Sikka, Infosys’ first non-promoter chief executive who quit in […]
Infosys Q4 net profit up 10.5 per cent to Rs 4,078 crore
NEW DELHI: IT major Infosys on Friday reported 10.5 per cent growth in consolidated net profit at Rs 4,078 crore for the March 2019 quarter as against Rs 3,690 crore a year ago. Revenue of the city-based firm grew 19.1 per cent to Rs 21,539 crore in the quarter under review from Rs 18,083 crore […]
Infosys to open technology, innovation hub in Texas and hire 500 American workers by 2020
NEW DELHI: Indian IT giant Infosys today announced that it will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors. Infosys’ investment in […]
Infosys to open technology and innovation Hub in Arizona;hire 1000 workers by 2023
NEW DELHI: Indian tech giant Infosys today announced that it will open its next Technology and Innovation Hub in the State of Arizona and hire 1,000 American workers in the state by 2023. This announcement reinforces Infosys’ May 2017 commitment to open Technology and Innovation Hubs in the United States and hire 10,000 American workers. […]
Infosys invests additional $1.5 million in TidalScale
NEW DELHI: Infosys today announced that it has made an additional investment of US$1.5 million through the Infosys Innovation Fund in TidalScale Inc., the company at the heart of the Software-Defined Server revolution. Infosys has previously invested US$ 1.5 million in TidalScale Inc. in 2016 taking the cumulative investment as of date to US$ 3.0 […]
Infosys to acquire Fluido
NEW DELHI: Indian tech giant Infosys today announced a definitive agreement to acquire Fluido, the leading Salesforce advisor and consulting partner in Nordics and a recognized leader in cloud consulting, implementation and training services. The acquisition of Fluido is expected to close during the third quarter of fiscal 2019, subject to customary closing conditions. Executing […]