| Reading Raju's mind | 20-NOV-09 |
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| On January 7, Ramalinga Raju confessed to his monumental fraud. He had, Raju said in a letter to the stock exchanges, cooked Satyam’s books for seven long years — revenue, profit, bank balance et al. Raju was soon arrested and put in the Chanchalguda prison. The Union government swung into action. A board was appointed to manage the affairs of the company. In a matter of months, Satyam was sold to Tech Mahindra. |
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| Infosys Consulting eyes US buy | 20-NOV-09 |
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| Infosys Consulting Inc, the strategic consulting arm of IT services giant Infosys Technologies, is planning to acquire a small consulting company with revenues in the $100-140 million range (Rs 450-650 crore) as part of its inorganic growth initiatives in the US. |
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| Infosys at an all-time high, up 2% | 19-NOV-09 |
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| The stock gained 2 per cent to Rs 2,433.60, an all-time high. In last six trading days the stock appreciated 10 per cent, after the company signed an agreement to acquire all of the outstanding interests of McCamish Systems LLC for around $38 million. |
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| Sensex gains for third straight day | 18-NOV-09 |
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| India’s benchmark stock index rose for a third day. Software exporters gained as aretail sales rebounded in the US, their largest export market. |
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| Margin expansion unlikely in FY10: Infy | 17-NOV-09 |
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| "Past patterns suggest that when budgets are under pressure, clients do all kinds of things to get more with less, like outsourcing and offshoring," Infosys Chief Operating Officer SD Shibulal told reporters on the sidelines of a conference here. |
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| Infy to have region-specific plans | 13-NOV-09 |
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| Infosys, the country’s second largest information technology exporter, plans to sharpen its focus on specific segments for select regions as part of its strategy for expansion and servicing of new markets. |
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| Infosys BPO to buy US back-office company | 13-NOV-09 |
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| Infosys BPO, the business process outsourcing (BPO) subsidiary of Infosys Technologies, has signed an agreement to acquire US-based privately-held BPO services provider McCamish Systems for $58 million (around Rs 265 crore). |
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| 'Financial inclusion, rural banking to drive growth' | 12-NOV-09 |
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| IT major Infosys Technologies' banking solutions arm Finacle, which currently enjoys a 65 per cent market share in the core banking segment, is looking at the financial inclusion frameworks laid down by the RBI, and the rural banking focus by governments in other countries as its next growth drivers. Finacle, which has 5,000 direct employees across six continents, says it sees good opportunity in the Islamic banking space as well. |
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Content Guide
