Tag: Infosys
17 Results
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Infosys” settlement move with SEBI fine: Mohandas Pai
The Infosys’ move to settle with Securities and Exchange Board of India (SEBI) the alleged disclosure lapses involving a severance pact is “perfectly fine”, the company’s former chief financial officer, T V Mohandas Pai, said on Sunday. He disagreed with the whistleblower who has reportedly asked the market regulator SEBI to prosecute the IT giant’s...
December 10, 2017 -
Former Infy CFO demands discontinuance of certain board
Former Infosys Chief Financial Officer V Balakrishnan on Saturday sought the discontinuance of certain board members in light of the company filing a settlement plea with SEBI on corporate governance lapses relating to severance payment to its former CFO Rajiv Bansal. “I think the continuation of certain board members like the erstwhile co-chairman (Ravi Venkatesan)...
December 9, 2017 -
Infosys Foundation gives Rs 15.7 cr to Tata Institute for research work
Global software major Infosys’s philanthropic arm, Infosys Foundationon Monday announced a combined grant of Rs 15.7 crore to fund research and mentoring activities of the Tata Institute of Fundamental Research’s (TIFR) International Centre for Theoretical Sciences (ICTS). As part of the agreement between the Foundation and ICTS, of the total grant, Rs 4 crore will...
December 4, 2017 -
Infosys Board appoints Salil Parekh as company CEO and MD
The Board of Directors of Infosys on Saturday announced the appointment of Salil S Parekh as Chief Executive Officer and Managing Director, effective from January 2 next year. “We are delighted to have Salil joining as the CEO and MD of Infosys. He has nearly three decades of global experience in the IT services industry,”...
December 2, 2017 -
Infosys to hire 500 Americans in Rhode Island
Global software major Infosys on Monday said it would hire 500 Americans in US’ Rhode Island state in the next 5 years. “We will hire 500 American workers in Rhode Island over the next 5 years where a design and innovation hub will be set up in multi-year partnership with its state,a said the city-based...
November 28, 2017 -
Nilekanis donate half of wealth to philanthropy
Infosys co-founder and Non-Executive Chairman Nandan Nilekani and his wife Rohini Nilekani have pledged to donate half of their wealth to philanthropy. The Nilekanis had announced their decision to donate their wealth through a letter on November 8 that was put up on the website of ‘The Giving Pledge’. Nandan Nilekani, who was also the...
November 21, 2017 -
Infosys to configure editing facility in GST network for filing returns by November 20
Software vendor Infosys would configure the editing facility in the GST Network by November 20 to enable traders to file their three-page summary return (3B), said the GST Group of Ministers (GoM) Chairman Sushil Kumar Modi on Saturday. “Over 2 lakh tax payers were unable to file their summary returns (3B) in August and September...
November 20, 2017 -
Infosys to buyback shares from November 30
Global software major Infosys Ltd would buy back 11.3-crore of its equity shares of Rs 5 face value by paying Rs 13,000 crore at the price of Rs 1,150 per share from November 30, said the IT major on Friday. “Buyback of 11,30,43,478 equity shares of Rs 5 each at a price of Rs 1,150 per...
November 18, 2017 -
Infosys ‘Udacity Connect’ project to train employees in self-driving car engineering
IT major Infosys on Thursday announced plan to train its employees in self-driving car engineering technology in partnership with online learning company Udacity. The programme, known as Udacity Connect, a combined in-person and online training offering, will give Infosys employees the skills needed as the company continues to focus on autonomous technology across a range...
November 16, 2017 -
Narayana Murthy finds all is well at Infosys now
IT major Infosys promoter NR Narayana Murthy, who red flagged poor governance at the Board level over the months this year, on Wednesday said all was well in the company, with the return of co-founder Nandan Nilekani as its non-Executive Chairman. “Absolutely all is well (in the company). I told investors in a statement on...
November 16, 2017 -
Infosys Q2 profit grows 3.3% to Rs 3,726 cr
The second-largest Indian IT exporter Infosys today reported 3.3 per cent growth in consolidated net profit to Rs 3,726 crore for the second quarter ended September 30, 2017-18. It had posted net profit of Rs 3,606 crore in the July- September quarter of 2016-17, Infosys said in a BSE filing. Revenue of the Bengaluru-based firm...
October 24, 2017 -
Sikka denies joining HP Enterprise, post-Infosys
Technocrat Vishal Sikka, who logged out of software major Infosys on Thursday after quitting as its first non-founder CEO on August 18, denied joining the US IT major Hewlett Packard Enterprise (HPE), said an Indian business news channel on Saturday. “Reports of me joining HPE are false. Someone is trying keenly to put me in...
August 26, 2017 -
Back to Infosys as there was no one else: Nilekani
Software major Infosys co-founder Nandan Nilekani, who returned to the company as its non-Executive Chairman, on Friday said he believes he’s back because “there was no one else”. Addressing a press gathering here, Nilekani said he had met the Board for the first time on Friday. “The priority now is to make sure the Board...
August 25, 2017 -
Focus on stability, have no discordant voices at Infosys: Nandan Nilekani
Nandan Nilekani, who was named Infosys Non-executive Chairman last night, today said he will focus on bringing in stability and ensuring there are no “discordant” voices at the country’s second-largest IT firm. Within hours of taking charge at the helm of Infosys, Nilekani got into damage control mode seeking to calm investors’ nerves through an...
August 25, 2017 -
Infosys co-founder Nandan Nilekani returns as non-Executive Chairman
Infosys co-founder Nandan Nilekani on Thursday returned to the global software major as non-Executive Chairman of the Board with immediate effect. “The Board of Directors has appointed Nandan Nilekani as a non-executive, non-independent Director and as the Chairman of the Board of Directors,” said the IT major in a regulatory filing on the BSE. The...
August 25, 2017 -
Nilekani is Non-Executive Chairman of Infosys
Infosys’ Board of Directors On Thursday unanimously approved the appointment of its co-founder and former CEO Nandan Nilekani as the Non-Executive Chairman of the Board, effective immediately.
August 24, 2017 -
Co-founders to decide on Nilekani’s return to Infy: Ex-CFO Pai
Major investors in Infosys are in discussion with co-founder N R Narayanana Murthy on ways to manage the company in the future, said T V Mohandas Pai, a former Chief Financial Officer (CFO) of the software giant. Pai also said all the co-founders would collectively take a decision on the return of Nandan Nilekani, a...
August 24, 2017