The simulator-style drills piloted this summer reflect new thinking at Infosys, as it tries to move beyond the commoditised work of building and managing corporate computer systems
The company has fixed November 1, 2017 as record date for share buyback and for the payment of interim dividend.
The buyback proposal had been approved by the Board on August 19
The facility will provide end-to-end technology, consulting and systems integration services
Mails sent to firms CFO M D Ranganathan and its head of investor relations- Sandeep Mahindroo
nfosys will open a Delivery Center in Marseille (port city of France), which will become a key hub attracting and enhancing local expertise
So far, India's second largest software firm has hired over 1,200 local workers in the US
At the end of June 2017, Infosys had a total of 1,98,553 employees on its payroll
The company has been able to maintain industry-leading growth due to strong operational efficiencies
It has taken a beating, paradoxically in the hands of Narayana Murthy. Where does its future lie?
The IT major has more than 20 clients in the Netherlands and employs over 1,100 people
The development centre will have a capacity to seat around 1,000 people
With employees as brand ambassadors, can the company steer its image clear of the present danger?
Infosys plans to buy back 11.3 crore shares at Rs 1,150 apiece
In a major breakthrough, West Bengal's chief minister Mamata Banerjee, on Tuesday claimed that IT major Infosys will be investing Rs. 100 crore initially in the state and will come up with a 50-acre campus in the Rajarhat area, near the state's capital.Infosys had long been demanding special economic zone (SEZ) status to mark its maiden entry in the state which the state government was not bent on granting due to political compulsions. Banerjee clarified that Infosys will not be getting the SEZ status, as per the state's policy; but will be eligible for other benefits as per the state government's policy.She claimed it will create thousands of jobs in the state.In July this year, Wipro, which too wanted an SEZ status for its second campus in West Bengal, had decided to let go of the demand. Rishad Premji, chief strategy officer at Wipro had then said, on a visit to Kolkata for a Nasscom event, that the company was in talks with the state government to come up with newer opportunities .
Infosys investment will generate employment opportunity to 1,000 people
Murthy asserted that Nilekani is a 'stickler for good corporate governance'
T V Mohandas Pai alleged that Venkatesan was in power play and needs to be sidelined
The company, however, did not give details on which promoters are keen to participate in the buyback
Given the development, brokerages have revised their price target for the stock