Tag: Infosys
17 Results
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Infosys Murthy to interact with investors today
A defiant Infosys Founder NR Narayana Murthy will interact with investors on Wednesday through a conference call to tell his version of the software major’s boardroom battles that led to the exit of its technocrat Vishal Sikka as CEO on last Friday. “Murthy will address and interact with the company’s investors across the world on...
August 23, 2017 -
Infosys shares extend slide, down 4.5 pc
The scrip of Infosys continued to reel under pressure for the second consecutive session on Monday, falling 4.5 per cent, despite the company’s share buyback announcement. Even after a positive opening, the stock failed to hold on the momentum and later slipped 4.39 per cent to hit its one-year low of Rs 882.55 on BSE....
August 21, 2017 -
Infosys buyback priced at Rs. 1,150 per share
Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 per share via a tender offer. “The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from the shareholders at a price of Rs 1,150 per share...
August 19, 2017 -
IT major Infosys loses Vishal Sikka and Rs. 24,000 crore in stocks
Shares of Infosys on Friday slumped over 13 per cent, eroding Rs 24,839 crore from its market valuation, after Vishal Sikka, the first non-founder CEO of the company, resigned. The IT major’s scrip plummeted 13.39 per cent to Rs 884.40 — its 52-week low level — on BSE. At NSE, the stock crashed 13.38 per...
August 18, 2017 -
Infosys tanks over 6pc on Vishal Sikka’s resignation
Stocks of Infosys on Friday tanked over 6 per cent in early morning trade after Vishal Sikka resigned as MD and CEO of the firm. “…The board of directors of Infosys Limited has at its meeting today accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer of the company...
August 18, 2017 -
Continuous stream of distractions led Sikka to quit
The “continuous stream of distractions and disruptions” that became increasingly personal and negative forced Vishal Sikka to quit as the CEO of Infosys. Sikka, who had joined Infosys in August 2014, said these distractions were preventing the management’s ability to accelerate the company’s transformation. While he didn’t detail out these “distractions”, it may be noted...
August 18, 2017 -
Vishal Sikka resigns as Infosys MD and CEO
Vishal Sikka has resigned as the MD and CEO of India’s second largest IT services firm Infosys. “…The board of directors of Infosys Limited has at its meeting today accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer of the company with immediate effect,” the IT firm said in...
August 18, 2017 -
Infosys to consider share buyback on Saturday
The Infosys Board of Directors will meet on Saturday to consider a proposal for buyback of its equity shares of Rs 5 face value, said the global software major on Thursday. “The Board of Directors will consider a proposal for buyback of equity shares of the company at its meeting to be held on August...
August 17, 2017 -
Infosys to acquire digital studio in London
Global software major Infosys on Thursday said it would acquire the London-based digital studio Brilliant Basics for an unspecified amount. "The acquisition of Brilliant Basics represents our commitment to expand our worldwide connected network of digital studios, which are focused on fulfilling the needs of our global clients for digital transformation solutions," said the IT...
August 4, 2017 -
We consider Murthy a well wisher,not shareholder activist: Infy Co-Chairman
Infosys Co-Chairman Ravi Venkatesan on Wednesday said the company certainly would not want to label co-founder and promoter NR Narayana Murthy as a shareholder activist, but consider him a “well-wisher.” “I would like to see him – Murthy – as a well-wisher of Infosys, which he has been and will continue to be so.. I...
July 26, 2017 -
Infosys names TVS Capital executive as director
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 here after a regulatory...
July 1, 2017 -
Six of top-10 cos lose Rs.34,183 cr in m-cap; TCS hit hard
The combined market valuation of six of the 10 most valued Indian companies declined by Rs.34,182.73 crore last week, with IT major TCS taking the steepest hit. From the top-10 list, TCS, HDFC, HUL, Maruti, Infosys and ONGC suffered losses in their market capitalisation (m-cap) for the week ended Friday, while RIL, HDFC Bank, ITC...
June 18, 2017 -
Infosys denies stake sale plan by promoters
IT bellwether Infosys on Friday denied any stake sale plan by its promoters and appealed to media not to write such "speculative" stories. "Infosys would like to clarify reports in the media speculating on plans of stake sale by the promoters. This speculation has already been categorically denied by the promoters. The company further reiterates...
June 9, 2017 -
Havn’t heard, seen massive layoffs in IT sector: Gopalakrishnan
The opportunities for new recruitment and promotions have shrunk in India's IT industry, a phenomenon natural when growth slows down, says an industry expert, who sees no merit in reports about massive layoffs. The growth rate has definitely slowed down because of which opportunities in the industry, especially for new recruitment, is down, Infosys co-founder...
June 5, 2017 -
‘Top Indian IT cos will lead in digital business’
Amid fears that Indian IT has not kept pace with rapidly evolving technologies, executive search firm Head Hunters on 28 May expressed optimism that top firms like TCS and Infosys will lead the digital segment. However, it will be a long-drawn battle as global players like IBM and Accenture, which had invested very early in...
May 29, 2017 -
Eight of top 10 cos add Rs.93,225 cr in m-cap, ITC shines
The combined market valuation of eight of the 10 most valued Indian companies rose by a whopping Rs.93,225.53 crore last week, with ITC stealing the show with maximum gains. Barring SBI and ONGC, rest eight companies, including HDFC Bank and TCS, saw addition to their market capitalisation (m-cap) for the week ended 26 May. The...
May 28, 2017 -
Sensex hits new record of 30,774; Nifty tops 9,500
Benchmark Sensex zoomed 472 points to a fresh lifetime high of 30,774.14 in pre-close trade on Thursday, led by a rally in capital goods, banking, IT, realty and auto counters. The 30-share index broke its previous record of 30,712.35 (intra-day) reached on May 19. The broader Nifty too regained the psychologically key 9,500-level, rallying by...
May 25, 2017