Infosys’ top-level rejig: Change underway at IT giant, many challenges ahead
TweetThe recent departures of Ashok Vemuri, Infosys’ head for financial services and the Americas, and several other senior executives, provide clear evidence that change is underway — and underway...
View ArticleBalakrishnan moves up another level at Infosys
TweetIn another significant senior-level realignment at Infosys, V Balakrishnan, one of the two internal candidates being considered for the chief executive’s post, has been given additional charge of...
View ArticleInfosys BPO’s LatAm head quits, joins Capgemini
TweetIn another senior-level exit from Infosys, Humberto Andrade had quit as head of the company’s Latin America business process outsourcing (BPO) operations to join rival Capgemini as vice president...
View ArticleIGate names Ashok Vemuri as CEO
TweetIT outsourcing company iGate Corp named Ashok Vemuri as its chief executive, nearly four months after sacking its then CEO Phaneesh Murthy over an undisclosed relationship with a subordinate....
View ArticleInfy stock up 50% since Murthy return
TweetIn the eighth major exit since the return of Mr. Murthy six months ago, V Balakrishnan, Infosys head of BPO business, quit the company this month. Despite high-level exits since June this year,...
View ArticleHow will be 2014 for Indian IT industry
TweetThe resilient $270-billion plus Indian IT industry returned to the higher growth trajectory in 2013 and is hoping to gain momentum in the ensuing year for a greater share of the global...
View ArticleHigher growth returns to Indian IT industry
TweetThe resilient USD 270-billion plus Indian IT industry returned to the higher growth trajectory in 2013 and is hoping to gain momentum in the ensuing year for a greater share of the global...
View ArticleInfosys Announces Changes to Board of Directors
TweetInfosys, a global leader in consulting, technology and outsourcing solutions, today announced the following changes to the Board of Directors. Resignation of Mr. V. Balakrishnan has conveyed his...
View ArticleWeak demand may take a toll on IT stocks in near term
TweetAmid the slow growth in the broader economy and slump in capital investment, information technology (IT) was among the few sectors that kept investors’ spirits high in 2013. But 2014 does not...
View ArticleInfosys 3.0 to be separate subsidiary, Sanjay Purohit to be named CEO, Samson...
TweetInfosys will separate its new-generation business into a subsidiary, freeing it to focus on large outsourcing contracts, its traditional area of strength, while maintaining interest in an area...
View ArticleInfosys mulls double-digit pay hike to retain staff after many senior-level...
TweetInfosys is considering double digit pay raises as chairman NR Narayana Murthy looks to keep the workforce of 1.5 lakh motivated, people aware of discussions in the company said. Although growth is...
View ArticleIT firms performance may stay muted in December quarter
TweetAfter a blockbuster September quarter that saw most of India’s top software exporters deliver strong results, analysts expect a softer quarter for companies such as Tata Consultancy Services Ltd...
View ArticleInfosys 3.0 to be separate subsidiary; Sanjay Purohit to be named CEO, Samson...
TweetInfosys will separate its new-generation business into a subsidiary, freeing it to focus on large outsourcing contracts, its traditional area of strength, while maintaining interest in an area...
View ArticleIT companies TCS, Infosys, HCL and Wipro in good spirits over buzz of...
TweetEarly indications are that 2014 will see an acceleration in spending on information technology outsourcing, which should be visible in the deal wins and commentary as Infosys kicks off the fiscal...
View ArticleInfosys begins moving work out of US over immigration Bill fears
TweetInfosys has started moving onsite work in the US to India or near-shore destinations in a move to de-risk itself in case the dreaded immigration Bill becomes law. Sources in the company confirmed...
View ArticleInfosys lifts revenue growth outlook on improving outsourcing demand
TweetInfosys is chasing more big-ticket contracts from Europe and the United States this year and keeping a lid on costs as the outsourcing services giant powers ahead with a turnaround to regain...
View ArticleInfosys reportedly wins a $98 million contract with TNT
TweetInfosys, India’s second largest outsourcing supplier has reportedly been awarded a $98.71 million contract with TNT Express, according a Times of India report. TNT is believed to have contracted...
View ArticleInfosys BPO collaborates with Costa Rica to train students
TweetInfosys BPO, the business process outsourcing subsidiary of IT major Infosys, on Wednesday announced that it was collaborating with the Government of Costa Rica and the Costa Rican Investment...
View ArticleInfosys wins outsourcing contract from Volvo
TweetIndia’s second largest software services exporter Infosys Ltd has won a new outsourcing contract from automaker Volvo Car Corp. to provide application development services for its global...
View ArticleMixed bag seen for IT services firms
TweetThe performance of the Indian information technology (IT) services sector during January-March 2014, the financial year’s fourth quarter (Q4), is likely to be a mixed bag. Most large companies are...
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