Page 73 - Infosys
To tackle inequality, need to create jobs with reasonable income: Murthy
These USD 500 per year translates into around USD 1.5 per day or Rs 100 per day, in which these people have to eat, take care of health, educate their children and pay rent, among others, Murthy said
 "To tackle inequality, need to create jobs with reasonable income: Murthy")
Top headlines: Big win for Cyrus Mistry, Infosys fined $800k for tax fraud
A two-member NCLAT Bench headed by chairperson Justice S J Mukhopadhaya pronounced its judgement over the petitions moved by Mistry and two investment firms challenging his removal from the group
 "Top headlines: Big win for Cyrus Mistry, Infosys fined $800k for tax fraud")
IT sector is likely to hire 10% more freshers in 2020, say experts
People in the know said the total number of layoffs in the IT industry is likely to be more than 50,000 in 2019.
 "IT sector is likely to hire 10% more freshers in 2020, say experts")
Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit
Top Indian IT firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme
 "Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit")
How IT companies are using tech power to make their employees happy
Big data, machine learning and artificial intelligence are helping Infosys provide its employees a new kind of experience on the job
 "How IT companies are using tech power to make their employees happy")
Visa case: Infosys settles lawsuit in US with payout of $800,000
In legal parlance, a settlement involves no formal admission of guilt
 "Visa case: Infosys settles lawsuit in US with payout of $800,000")
Infosys fined $800,000 for worker misclassification, tax fraud in US
California initiated legal actions against Infosys after a compliant was filed by whistleblower Jack 'Jay' Palmer, a former Infosys employee
 "Infosys fined $800,000 for worker misclassification, tax fraud in US")
EdgeVerve's bet on automation segment helps fuel high growth rate
EdgeVerve, a subsidiary of Infosys, provides RPA solutions under its 'AssistEdge' platform, while its AI-based solutions are offered under 'Infosys Nia'
 "EdgeVerve's bet on automation segment helps fuel high growth rate")
Infosys faces class action lawsuit in US for false financial statements
This comes months after a whistleblower complained against Infosys and its CEO Salil Parekh on the similar lines
Infosys ex-CEO Vishal Sikka gets nominated to Oracle's board of directors
Sikka said that for years the Oracle database has been the heartbeat and lifeblood of every large and significant organisation in the world.
 "Infosys ex-CEO Vishal Sikka gets nominated to Oracle's board of directors")
To check attrition, Infosys offers 100% pay hike for 'power programmers'
Firm offering special quarterly skill-based bonus to high performers; attrition rate at present above 20%
Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi
Till 11,950 is held on the Nifty, one can maintain the long positions however if it breaks one has to reverse the longs to shorts
 "Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi")
Narayana Murthy's son Rohan ties knot with Aparna Krishnan in Bengaluru
Infosys co-founders Nandan Nilekani, Krish Gopalakrishnan, S.D. Shibulal and K. Dinesh attended the reception along with their spouses
 "Narayana Murthy's son Rohan ties knot with Aparna Krishnan in Bengaluru")
Amazon, Infosys, 26 others respond to Tea Board's EoI for technology use
Tea Board deputy chairman Arun Kr Ray said that this exercise is required for long-term sustainability of the industry as costs are rising and prices of tea have been flat at auctions
 "Amazon, Infosys, 26 others respond to Tea Board's EoI for technology use")
Why job losses are inevitable in IT
Firms have to move from just scale to building a smaller, more specialised talent pool
 "Why job losses are inevitable in IT")
Infosys launches Microsoft Azure-powered security solution Cyber Next
Microsoft Azure Sentinel is a threat averting solution for enterprises, combining the American software giant's decades long security experience with artificial intelligence and cloud
IT stocks tumble; Nifty IT index falls over 2%, Infosys plunges 4%
The brokerage, as per reports, noted that the IT sector, as a whole, will face cyclical hiccup ahead and the current valuation of the sector is at premium to historical average.
 "IT stocks tumble; Nifty IT index falls over 2%, Infosys plunges 4%")
Kiran Mazumdar Shaw settles 'insider trading case' with Sebi in Infy matter
Accordingly, she filed a settlement application without admitting or denying the default and remitted Rs 3,01,758 in September 2019.
 "Kiran Mazumdar Shaw settles 'insider trading case' with Sebi in Infy matter")
Infosys tops Rs 10,000-crore exports, becomes IT Ratna of Karnataka
IT Pride awardees included Oracle, Goldman Sachs, SAP Labs, and Intel, among others
Why IT giants are cutting jobs at mid, senior levels
Besides increasing their fresher's intake, IT giants are also aggressively localising their workforce in the US, from where they draw at least 65 per cent of total revenue
 "Why IT giants are cutting jobs at mid, senior levels")