Page 58 - Infosys

Infosys row: Pai backs Murthy; says Rao's pay spectacular, not performance

Salary of Infosys' CFOs 3-4 years ago was Rs 3.5 cr or Rs 4 cr. Now, it has gone up to Rs 12 cr

Infosys shareholders approve new AoA, pay hike of COO Pravin Rao

Infosys today said its shareholders have approved the proposal to adopt a new Articles of Association (AoA), bringing in provisions for buyback of shares and appointment of independent directors. "The resolutions...Have been passed by the members of the company with requisite majority. The approval is deemed to have been received on the last date of receipt of postal ballot forms March 31," Infosys said in a BSE filing. Shareholders also approved revision in compensation of Chief Operating Officer & Whole-time Director U B Pravin Rao, and also appointment of D N Prahlad as an Independent Director. In February, Infosys Board had approved pay hike of its Chief Operating Officer U B Pravin Rao. According to the new Articles of Association (AoA), Infosys "may purchase its own equity shares or other securities by way of a buy-back arrangement." Infosys, which has liquid assets worth Rs 35,697 crore (about USD 5.25 billion) on its books, has been under pressure from investors to ..

Infosys joins open source community to share intellectual property with cos

India's second largest IT service firm Infosys on Tuesday became a community member of Open Invention Network (OIN), joining global firms such as Google, IBM and Toyota to share intellectual property on Linux programmes developed between organisations. OIN is the largest open source software community with 2000 members. With more customers of Infosys in banking and other sectors across the different countries use open source to develop many consumer-focused applications, the company believes open source software is important. The OIN allows Infosys to access intellectual property from other companies through a sourced pool and without paying a royalty fee.The Indian IT services firms are shifting their business towards digital technology services and platforms like open source owing to increasing demand from clients for pay-as-you-use model. One of the US-based banks that outsources services to Indian firms like TCS, Cognizant recently said it is experimenting many customer ...

Employee strength at Infosys' Chennai Development Centre soars from 300 in 1996 to 20,000

Infosys also moved to new offices in sprawling campuses at Mahindra World City

Infosys' US arm to modernise Texas child welfare info system

The system is used to serve 12 million children, the elderly and the disabled

Infosys amends Articles of Association to go for share buyback

Infosys, the second largest IT firm has amended its articles of association that would allow it to go for a share buyback, a move watched by shareholders including its founders, who have sought better capital allocation by the company.The Bengaluru-based software firm on Thursday said it has sought shareholders approval to amend the articles of association to conform with the Companies Act 2013.Infosys has around Rs 35697 crore in cash as on December 31, 2016 and sources say that the company could return half of it to shareholders either through a buyback or dividend. When asked if the company had a plan to pay out the excess cash on books through buyback, in a recent investors' conference call, chief executive Vishal Sikka said: "All the options are on the table and we are not opposed to any of them."While Infosys saw a marginal increase over Q2 of the current fiscal, in the second quarter the company added a little over Rs 2400 crore in it cash reserve with a 7 per cent sequential ..

Service tax dept investigates tax liability on contract to Infosys by GSTN

Experts say should attract tax under current law

Not much has changed in IT since last Nasscom guidance: Infosys

The IT major asserted that customers remain optimistic

For the first time in 33 years, Infosys logs drop in employee hiring

This year for the first time Infosys have reportedly recruited just 6,000 people

Infosys stock jumps 2% despite board-founders differences

In 3 days, stock has gained 5%, adding Rs 10,807.51 crore to Rs 2,25,904.51 crore in its market valuation

Happy to help with my counsel if called upon to do so: Marti G Subrahmanyam

The NYU professor admitted that paucity of time had led to reduced correspondence with the company

No breakdown in corporate governance at Infosys: Kiran Mazumdar-Shaw

He conceded there have been concerns and issues expressed by Narayana Murthy and promoters

Profile: Marti Subrahmanyam, Infosys' good old friend

He retired in 2011 from the Infosys board, but the current crisis may see him return

Infosys extends gain post clarification on alleged governance lapses

In past two trading sessions, the stock outperformed the market by gaining 3% as compared to 0.29% rise in Sensex.

Ola CFO, CMO quit a day after SoftBank write-off

Part of trend in Indian unicorns of senior execs being replaced with experienced professionals

Infosys techie murder: Women activists 'assault' accused outside court

A security guard at Infosys allegedly murdered a techie because she scolded him for staring at her

Infosys urges employees to stay calm, assures safety after Pune incident

Announcement follows death of staffer who was allegedly strangulated by a security guard

Techie strangled to death at the Infosys campus in Pune

The IT employee from Kerala was allegedly strangled to death with a computer cable

Infosys invests over $62 mn in start-ups; Unsilo, Trifacta, Cloudyn in list

Sikka calls the start-up world 'incredibly exciting'

Infosys to step up local hiring in the US through region-specific hubs

Major Indian IT services providers are watching potential immigration law changes by Donald Trump