Page 86 - Infosys

Infosys slaps countersuit of Rs 1 billion against ex-CFO Rajiv Bansal

Bansal was entitled to get Rs 173.8 million, about two years of his pay, however, Infosys paid him around Rs 50 million

Digital driving discretionary spends as clients cut budget, says Infosys

Infosys reported faster growth in digital including newer platforms, and services, in the just ended quarter

Infosys hits fresh 52-week high ahead of Q3 results

The stock moved higher by 2.7% to Rs 1,080 in intra-day trade, extending its 4% gain in past three days on BSE

Infosys signs advance pricing agreement with US Internal Revenue Service

Under the APA, Infosys has agreed on the methodology to allocate revenues and compute the taxable income of the company's US operations

Infosys in pricing pact with US IRS, to get $225 mn tax reversal

Agreement covers 2011-2021 period, will enhance predictability of Infy's tax obligations in respect of US operations

Replace Venkatesan, Roopa Kudva in Infosys board, says ex CFO Balakrishnan

It is all the more important to restructure the board and fill it with people of high integrity and stature, says Balakrishnan

Infosys divests investment in ANSR Consulting for $1 mn

In July 2015, Infosys had announced acquisition of a minority stake in ANSR Consulting from its $500 million Innovation Fund

Bansal issue matter of legality, not emotions: Balakrishnan on Infy row

Earlier this year, a whistleblower had written to the market regulator over alleged lapses in the Panaya deal and Bansal's severance pay

How a doubles game works

In cases such as Infosys, a new non-promoter CEO will have to play with multiple stakeholders separately

Infosys rally likely to be short-lived; tender shares in buyback: analysts

Another reason, analysts say, why the cheer may just be short-lived is the buyback offer. For Infosys to get back the trust of long-term investors, they will have to enunciate a business strategy soon

New CEO in place, buyback begins: What lies ahead for Infosys?

Infosys could remain as a wealth protector in the Indian equity markets for a while and even beat the inflation rate quite consistently over the next two decades.

Infosys Finacle launches blockchain-based trade finance solutions for banks

It is available for functions including bill collection, letters of credit and invoice financing among others

Infosys shares shrug off Sikka blues, rallied 16% in last 3 months

Infosys has emerged unscathed from the untimely exit of high-profile chief executive officer (CEO) Vishal Sikka, if stock price performance is anything to go by. After dropping close to 15 per cent due to uncertainty created by Sikka's exit, the stock has recovered most of the lost ground.Shares of Infosys shares have gained nearly 16 per cent since August 21 (first trading day after Sikka announced his resignation). In comparison, the benchmark Nifty has gained seven per cent and other technology stocks including Tata Consultancy Services (TCS), Wipro and HCL Tech have remained flat during the same period.While the Rs 13,000-crore buyback has provided some impetus to the stock, brokerages believe competitive edge over other peers is the main driver behind the rally. The gains have come even as the Bengaluru-based company is scouting for a full-time replacement of Sikka.Domestic brokerage Ambit says the Street need not worry about the new CEO -King as Infosys has strong portfolio ...

Infosys hits over three-month high; stock up 10% in November

The stock was trading at its highest level since August 18, 2017, at Rs 1,011, up 2% on Friday, extending its Thursday's 2.6% gain on the BSE.

Infosys buyback to begin on November 30

The IT bellwether has set the last date of settlement of bids on the stock exchange on Dec 26

Infosys hits over two-month high; stock up 3%

The stock was up 3% at Rs 982 on the BSE in intra-day trade, its highest level since August 21, 2017.

All is well at Infosys, says Narayana Murthy

The firm commissioned an independent forensic investigation on the allegations, raised by an anonymous whistle-blower

All is well under the leadership of Nilekani at Infosys: Narayana Murthy

Nandan Nilekani took charge as non-executive chairman at board of Infosys after its first non-founder CEO Vishal Sikka quit in August citing 'continuous distractions'

Infosys will focus on more innovation hubs in US: Nandan Nilekani

Infosys is planning to set up multiple innovation hubs in the US, the largest export market for Indian IT services firms with its first centre in Indiana planning to hire over 2,000 local engineers to serve customers in the country.The Bengaluru-based IT major plans to replicate in the US a model it perfected in India of hiring thousands of freshers from campsuses, training and deploying them on projects for customers."Increasingly we are looking at how to create more innovation hubs in the US. We will be hiring 2000 people in Indiana (first innovation hub) to create local innovations. What we are realising is over the decade we have built deep capabilities in creating learning infrastructure, capacity building and that investment is very valuable," said Nandan Nilekani, chairman at Infosys here on Tuesday. "(We are) hiring people locally and will see how using our learning infrastructure we can do the capacity building for the future." Indian IT firms, which traditionally sent ...

IT top 5 stay logged into traditional services

Fast-growing digital services still form less than 20 per cent of their revenue