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Tag: Infosys

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Infosys, Microsoft to offer solutions for digital shift

Bengaluru: Global software majors Infosys and Microsoft on Wednesday tied up to jointly offer new solutions to clients worldwide for accelerating their digital transformation. “We have entered into a collaboration with Microsoft and JCI (Johnson Controls International) to deliver smart buildings and space solutions for accelerating the convergence of physical and digital infrastructure,” said the […]

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Infosys, Google Cloud expand partnership for digital services

Bengaluru: Global software major Infosys on Wednesday expanded its partnership with Google Cloud to help its clients accelerate their digital transformation. “As a qualified Google Cloud managed service provider, we will offer clients application lifecycle services with cloud and data analytics expertise,” said the city-based IT firm in a statement here. The partnership with the […]

Sensex rebounds over 200 pts; Nifty above 10,900

Mumbai: Domestic equity benchmark BSE Sensex rebounded over 200 points and the NSE Nifty reclaimed the 10,900 level in early trade on Tuesday led by gains in banking and auto stocks. The 30-share index was trading 214.96 points, or 0.59 per cent, higher at 36,914.80 at 0930 hours. Similarly, the broader NSE Nifty was quoting 68.65 […]

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Infosys extends help to cyclone Fani-hit villages in Puri

Bhubaneswar: The global consulting and IT services company, Infosys extended a helping to the people of Puri who were severely affected in the severe cyclonic storm Fani. The CSR wing of Infosys Foundation, along with Infosys Bhubaneswar Development Centre carried out a philanthropic drive and accordingly planned from materials required, procurement to execution of the […]

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Infosys net up 5.1% yearly, down 6.8% quarterly

Bengaluru: Global software major Infosys on Friday reported Rs 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth from Rs 3.612 crore in the same period a year ago. Sequentially, however, net profit in Q1 declined 6.8 per cent from Rs 4,078 crore a quarter ago. […]

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Microsoft Begins Hiring of B.Tech Students in Odisha

Bhubaneswar: The multinational technology company, Microsoft commenced its campus recruitment of B.Tech students of 2020 batch in India from the Institute of Technical Education and Research (ITER) here on Monday As per the release of the Siksha ‘O’ Anusandhan (SOA), Deemed to be University, Microsoft recruited eight B.Tech students of 2020 batch. Students belonging to […]

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Sensex jumps 169 pts; IT stocks rally

Mumbai: The BSE benchmark Sensex Monday rose 169 points, led by gains in IT stocks amid positive global cues. The NSE barometer Nifty gained 52 points to reclaim the 11,900 level. Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to […]

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Sensex rises over 100 pts ahead of TCS, Infy earnings

Mumbai: Domestic equity benchmark BSE Sensex rose over 100 points Friday ahead of the release of key macroeconomic data and quarterly results of IT bellwethers TCS and Infosys. The 30-share index was trading 106.69 points or 0.28 per cent higher at 38,713.70. The gauge had ended 21.66 points, or 0.06 per cent, higher at 38,607.01 […]

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US court dismisses lawsuit against Apple, Infosys

San Francisco: A US court in the state of California has dismissed lawsuit against Apple and Infosys over allegations that it abused the visa system to save money. The California federal judge nixed a whistleblower’s suit accusing Apple of bringing two trainers from India into the country using B-1 visas instead of the necessary and […]

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Weak rupee benefited Infosys in Q2: CFO

Bengaluru: A weakening rupee against a strong US dollar benefited Indian software export major Infosys in the second quarter of fiscal 2018-19, said its Chief Financial Officer (CFO) M.D. Ranganath on Tuesday. “We benefited 80 basis points (0.8 per cent) due to depreciating rupee during the quarter. We also got benefit of another 70 basis […]

Infosys to design new forms for filing GST returns

Bengaluru: The Goods and Services Tax Network (GSTN) has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers (GoM) Chairman Sushil Kumar Modi on Saturday. “We have directed Infosys to design new forms as suggested by the GST Council to simplify filing returns by traders […]

Infosys to offer cloud solutions on Google platform

Bengaluru: Software major Infosys would offer scalable services and solutions on demand to global enterprises on search engine’s Google cloud platform, the IT major said on Saturday. “We are partnering with Google to develop cloud transformation and migration services for enabling enterprises transform their businesses on scalable and on-demand model,” said the city-based company in […]

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Infosys hiring 1,000 American techies in US state

Bengaluru: Indian software major Infosys on Friday announced hiring 1,000 Americans in the Arizona state as part of its commitment to employ 10,000 Americans to bridge the IT skill gap in the US by 2023. “We are hiring 1,000 American workers and opening our next technology-cum-innovation hub in the state of Arizona,” said the city-based […]

Infosys invests additional $1.5 mn in US data firm

Bengaluru: Global software major Infosys Ltd on Thursday said it made a follow-on investment of $1.5 million (Rs.9.75 crore) in Waterline Data Science, a US-based data discovery and data governance software firm. “The follow-on investment of $1.5 million has been made in cash through the Infosys Innovation Fund,” said the IT major in a regulatory […]

Infosys signs MoU with Kailash Satyarthi foundation

Bengaluru: Infosys Foundation, the philanthropic arm of global software major Infosys, on Monday said it has joined hands with Nobel laureate Kailash Satyarthi’s Children’s Foundation to create child labour-free villages. “A grant would be created as part of the tie-up to create a child-friendly village focused towards improving children’s health, providing education and creating a […]

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Infosys appoints Salil S. Parekh as CEO, Managing Director

Mumbai: IT company Infosys has appointed Salil S. Parekh as its Chief Executive Officer and Managing Director with effect from January 2, 2018 for a five-year term, a regulatory filing by the company informed here on Saturday. “We are delighted to have Salil joining as the CEO and MD of Infosys. He has nearly three […]

Infosys arm to offer chat-based service to banking customers

Bengaluru: IT major Infosys subsidiary EdgeVerve Systems’s financial software product Finacle will tie up with financial technology start-up Niki.ai to offer chat-based service to customers of banking clients, it was announced on Tuesday/ “The partnership will enable banks using our Finacle to offer its customers a virtual banking assistant for shopping products and services,” said […]

6,000 engineers to get hired over next two years by Infosys

Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last fiscal, according to a top company official. The country’s second largest software services firm has also ramped up its hiring process in the US and European markets as it looks to […]

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Infosys completes acquisition of UK-based Brilliant Basics

Bengaluru: In a bid to build on ‘Design Thinking’ approach, Infosys on Monday announced it has completed the acquisition of London-based product design and customer experience company Brilliant Basics. The acquisition extended Infosys’ digital design services network to include Europe and the Middle East, enhancing the company’s expertise across financial services, retail and telco sectors, […]

Vandana Sikka quits Infosys Foundation in US

Bengaluru: Vandana Sikka, wife of former Infosys CEO Vishal Sikka, resigned as Chairperson Infosys Foundation, USA, said the software major on Tuesday. Sikka resigned as the company’s CEO on August 18 and as its Executive Vice-Chairman on August 24 after joining three years ago in 2014. “We thank Vandana Sikka, as she decides to move on […]

Vandana Sikka quits Infosys Foundation in US

Bengaluru: Vandana Sikka, wife of former Infosys CEO Vishal Sikka, resigned as Chairperson Infosys Foundation, USA, said the software major on Tuesday. Sikka resigned as the company’s CEO on August 18 and as its Executive Vice-Chairman on August 24 after joining three years ago in 2014. “We thank Vandana Sikka, as she decides to move […]

Vishal Sikka resigns as Infosys CEO, MD

Bengaluru: Vishal Sikka on Friday resigned as Chief Executive Officer (CEO) and Managing Director (MD) of global software major Infosys Ltd, said the company. “The Board of Directors has accepted the resignation of Vishal Sikka… with immediate effect at its meeting held on Friday,” said the IT major in a statement here.

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Infosys names TVS Capital executive as director

Bengaluru: Infosys Ltd appointed TVS Capital Funds Ltd Vice-Chairman D. Sundaram as an independent director on its board, the software major announced on Saturday. “Sundaram is appointed as independent director with effect from July 14 on the recommendation of the company’s nomination and remuneration committee of the board,” said the IT giant in a statement […]

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Infosys appoints new global heads for RCL, manufacturing

Bengaluru: IT major Infosys on Friday appointed Karmesh Vaswani as the Global Head of Retail, CPG and Logistics (RCL) and Nitesh Banga as Global Head of Manufacturing. Vaswani and Banga will replace Sandeep Dadlani, President and Head of MRCL, who is leaving the company. The new appointments will be effective from July 15. “I have […]

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Indian techies forming union to protect jobs amid layoffs

Bengaluru: Hundreds of Indian techies working as software engineers or providing back office services to global firms are setting up a pan-India trade union to protect their jobs amid layoffs by many IT firms, including Infosys, Wipro, Tech Mahindra and Cognizant, said a functionary of a employees forum on Tuesday. “We have already filed an application […]