The deceased, identified in local media reports as Prasoon Kumar Jha, jumped from the 12th floor of a high-rise building on Tuesday
Tag: Infosys
Bengaluru: 23-year-old techie held for forging Sudha Murty’s signature
The complaint was filed after the forged letter didn’t reach Devarakonda and came back to Infosys Foundation instead.
Infosys arm to buy 75% stake in Dutch bank subsidiary
Bengaluru: Global software major Infosys on Thursday said its consulting arm would buy 75 per cent equity stake in Starter N.V., a subsidiary of the Dutch-based ABN AMRO Bank for Rs 999 crore ($144 million) in cash for strategic partnership in The Netherlands. “Our subsidiary Infosys Consulting Pte Ltd will acquire[Read More…]
Infosys to open digital centre in Romania
Bengaluru: Infosys would open a digital innovation centre at Bucharest in Romania to develop software for clients based on cloud, big data, artificial intelligence and machine learning, said the IT major on Wednesday. “We will invest in training our current employees and new hires for competencies, including user experience, cloud,[Read More…]
Good news for engineering students! IT giant Wipro to double campus recruitment from this year
Wipro has seen a significantly higher attrition rate at more than 17 per cent from 3 quarters of the fiscal year
Infosys net plunges 30 per cent in third quarter
Bengaluru, Global software major Infosys on Friday reported Rs 3,610 crore consolidated net profit for the third quarter of fiscal 2018-19, posting nearly 30 per cent annual decline from Rs 5,129 crore in the same period a year ago. In a regulatory filing on the BSE, the city-based IT behemoth[Read More…]
Infosys forms JV with Hitachi, Panasonic in Japan
Bengaluru,Global software major Infosys on Friday said it has formed a joint venture (JV) with Hitachi Ltd, Panasonic Corp and Pasona Inc to enhance its presence in Japan. “The company will acquire 81 per cent equity stake in Hitachi’s subsidiary — Hitachi Procurement Service Co Ltd, in which Panasonic and[Read More…]
Infosys forms joint venture with Hitachi, Panasonic in Japan
Bengaluru: Global software major Infosys on Friday said it has formed a joint venture (JV) with Hitachi Ltd, Panasonic Corporation and Pasona Inc to enhance its presence in Japan. “The company will acquire 81 per cent equity stake in Hitachi’s subsidiary — Hitachi Procurement Service Ltd, in which Panasonic and[Read More…]
Infosys opens innovation hub in US’ Hartford
Bengaluru: Global software major Infosys on Thursday said it has opened its technology-cum-innovation hub at Hartford in Connecticut in the US to work for its clients in the region. “The Hartford hub will help us to work closely with our clients in the region and serve as the global hub[Read More…]
Infosys to create 1,200 jobs in Australia by 2020
Bengaluru, Software major Infosys on Thursday said it will be creating 1,200 jobs and opening three innovation hubs in Australia by 2020 to reduce digital skills gap. “We are creating 1,200 new skilled jobs for graduates and professionals and opening three innovation hubs by 2020 to accelerate digital leadership for[Read More…]
Tribunal orders Infosys to pay former CFO Bansal Rs 12.17 cr as severance pay
An arbitral tribunal has ordered Infosys Ltd to pay former chief financial officer Rajiv Bansal an outstanding severance of ₹ 12.17 crore with interest, culmination more than a year-long arbitration between the two parties. “The arbitral tribunal has communicated its decision in the arbitration proceedings in relation to the severance[Read More…]
Indian Rupee records low, closes near 70 a dollar
Broadly negative global cues along with weakness in the Indian Rupee and caution ahead of the release of macro-economic inflation data point subdued the key Indian equity indices on Monday. The Rupee touched an all-time low of 69.80 per US dollar on Monday following weakness in global peers. At 3.30[Read More…]
Nandan Nilekani appointed as new Infosys Chairman
Ending all speculations, Nandan Nilekani was on Thursday named ZeeN after R Seshasayee and co-chair Ravi Venkatesan quit. Nilekani was one of the seven founders that set up Infosys more than three decades ago and served as its CEO from March 2002 to April 2007. In a sudden move, Infosys’[Read More…]
Vishal Sikka resigns as Infosys CEO, MD due to ‘personal reasons’
Vishal Sikka resigned as Managing Director and Chief Executive Officer of Infosys and his resignation has been accepted with immediate effect. Sikka has quoted “personal” attacks as one of the reasons for his resignation. “In his notice of resignation to the board, Dr Sikka reiterated his belief in the great[Read More…]
Similarities exist between Infosys and Al-Qaeda, says Rajnath Singh
While addressing the gathering at the 30th convocation ceremony of Kurukshetra University, Home Minister Rajnath Singh said that there are a number of similarities, and certain differences between Indian MNC, Infosys and the militant Islamist group, Al-Qaeda. He said that people of both the organisations function for the society, but[Read More…]
IT lay off is ‘normal’, essential to counter industry slowdown: Mohandas Pai
After a substantial lay off by IT majors, the sector was taken aback by the vulnerability of their job security. However, an expert has branded it as a regular restructure, essential to counter industry slowdown. It was a phenomenon that is taken up every three to five years, said IT[Read More…]
Top Indian IT firms accused of violating H-1B visa rules
Top Indian IT firms namely TCS and Infosys have been accused by the US of unfairly cornering the majority of H-1B visas by putting extra tickets in the lottery system, which the United States administration wants to replace by giving more scope to immigrants on the basis of their merit.[Read More…]
Infosys decides not to apply for H-1B visa for junior staff
Indian IT giants to suffer due to H-1B visa reform
Pune: Woman techie found dead on Infosys campus; guard arrested
In a shocking incident, a 25-year-old woman working with Infosys was found dead on Sunday at her office in Rajiv Gandhi Infotech Park in Hinjewadi in Pune. The incident happened on the ninth floor of the Infosys building when K Rasila Raju, who hailed from Kerala basically, allegedly strangled with[Read More…]
Infosys: 9,000 employees released due to automation in 2016
About 9,000 employees were “released” by Infosys in the past one year due to automation of lower-end jobs, said company’s human resources head, Krishnamurthy Shankar. These people are now working on more superior projects. “We have been releasing about 2,000 people every quarter and also training them in special courses[Read More…]
Nandan Nilekani roped in to usher PM Modi’s digital payments drive
Nandan Nilekani, a high-profile Congress member, has been roped in by Prime Minister Narendra Modi to join a committee to map a path to digital payments. Newsd was the first outlet to report that Nilekani was being mooted for a role as ‘digital advisor’ by the BJP government. Also read: Newsd[Read More…]
Newsd Exclusive: Nandan Nilekani asked to join Niti Aayog as ‘digital advisor’
Nandan Nilekani, the man behind Aadhar has been asked by Union Ministry of Finance, Arun Jaitley to advise the government on digital payments, especially on linking governmental banking services directly to its employees, including the Army, judiciary and paramilitary forces. Sources told Newsd that Nilekani, who contested the 2014 Lok[Read More…]
Infosys breaks its four core verticals into 15 smaller units
IT services major Infosys is splitting its four larger industry verticals into 15 smaller units to make the company more agile and sharpen client focus, reports ET. The objective is to give its presidents more time to build CXO-level relationships and strategy to improve sales, than be bogged down by[Read More…]
Chennai techie murder case: Accused arrested from Tirunelveli
A week after a 24-year-old Infosys software engineer S Swathi was murdered at Nungambakkam railway station in Chennai, the police on Friday arrested the accused killer in Tirunelveli. The police said the killer has been identified as Ramkumar, 22, who is an engineering graduate, was arrested while he was reportedly[Read More…]