Page 80 - Infosys

Infosys completes acquisition of 75% in ABN AMRO Bank subsidiary Stater

Founded in 1997, Stater is the largest mortgage service provider of the Benelux

Infosys CEO Salil Parekh took home a pay package of Rs 24.67 cr in FY19

COO U B Pravin Rao drew Rs 9 crore in FY19; comparative data on CEO salary not available

Infosys grants stock units worth Rs 10 crore to CEO Salil Parekh

The Bengaluru-headquartered firm has faced high attrition levels of close to 20 per cent in recent quarters, one of the highest among its peers

Infosys staff to get 50 mn shares; CEO awarded units worth Rs 10 crore

Infosys termed the latest programme '2019 Plan' as being "distinct" from previous plan of 2015 where the granted shares largely vested based on time

Govt cancels registration of Infosys Foundation for violating FCRA norms

The Home Ministry has cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants, officials said Monday. All non-government organisations (NGOs) are mandatorily required to be registered under the Foreign Contribution (Regulation) Act or FCRA to receive foreign funding. The Home Ministry had last year served show cause notice to Infosys Foundation for failing to submit annual income and expenditure statement on foreign funding for up to six years despite repeated reminders, officials said. The registration was cancelled as Infosys Foundation allegedly did not file income and expenditure statement on foreign funding for the past few years, they said. As per FCRA guidelines, registered associations are required to submit electronically an online annual report with scanned copies of income and expenditure statement, receipts and payment account, balance sheet, etc., for every financial year within nine months of the

Infosys to roll out incentive scheme for staff with digital skills

In January, Infosys had said it has already hired over 7,600 staff in the US - more than three-fourths of its target of recruiting 10,000 American workers

External factors add to Infosys' struggle to contain rising attrition

Lack of onsite projects, better pay offered by global captives, and rising utilisation level seen as key reasons for high attrition

Investments we are making now will pay off in coming years: Infosys CEO

Our investment in sales is already starting to show some impact, says Salil Parekh

Infosys to roll out 6% annual hike for India staff, 1.5% for onsite workers

The IT firm plans to add around 20,000 freshers this year to its workforce

Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates

This is for a second year in a row when the Bengaluru-headquartered firm has reduced its margin forecast

Infosys Q4 PAT up 10% YoY to Rs 4,074 cr, EBIT margin disappoints at 21.4%

The company also declared dividend of Rs 10.50 per share

Ongoing buybacks may boost Infosys shares after April 12 results

On January 11, Infosys had announced to buy back shares worth up to Rs 8,260 crore at Rs 800 apiece

With Salil Parekh at helm, stability back at Infosys; next move awaited

Infosys was able to clock strong revenue growth in the first nine months of FY19, largely supported by large deals

Infosys to buy 75% stake in ABN AMRO Bank subsidiary for $143 million

The all-cash transaction is likely to be complete in the first quarter of 2020, subject to regulatory clearance

Infosys to buy 75% stake in ABN AMRO's mortgage services arm for $143.5 mn

ABN AMRO will continue to hold the remaining 25 per cent stake in Stater, which operates in the Netherlands, Belgium and Germany

Infosys to provide digital solution for French Open tennis tournament

The collaboration is aimed at enriching the game by providing fans, players and coaches with a new experience leveraging Infosys' expertise in digital technologies

Infosys won't compromise on growth margins: CEO Salil Parekh

Salil Parekh said the firm was strengthening its marketing muscle by hiring more number of people as part of its go-to-market strategy

Infosys fines Kiran Mazumdar-Shaw for breach of insider trading norms

Biocon chairman & lead independent director at Infy fined ~9.5 lakh for selling firm's shares without intimation

Infosys settles case with Sebi, pays Rs 34 lakh towards settlement

The regulator had initiated the adjudication proceeding against the technology major in 2017

Infosys unveils app to offer learning experience for engineering students

The learning courses will be centered around conceptual and practical aspects of technology