Search Results for: Infosys

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Infosys quarterly-1 profit up 21.6 percent, retains annual forecast

Bangalore, July 11 (ANI): India's second largest IT services provider Infosys posted on Friday a higher-than-expected quarterly net profit growth of 21.6 percent, retaining its revenue guidance of seven to nine percent for the fiscal year 2015. Shibulal, the last of Infosys' seven founders to hold the role of CEO and who is leaving at the end of this month, said the company had already taken several measures to retain staff, including quarterly promotions. Jul 11, 2014
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Rangarajan report on Poverty: Former Infosys director says poverty line should be based on present c

Bangalore, July 7 (ANI): Former Infosys director TV Mohandas Pai, said new poverty report by C Rangarajan could be accepted if it was based on present currency value. A panel headed by former Economic Advisor to the Prime Minister, C Rangarajan, submitted a report stating that people spending below rupees 47 a day in cities would be considered poor, much above the rupees 33-per-day mark suggested earlier by the Suresh Tendulkar Committee. India has witnessed stellar economic growth over the last two decades, yet one third of the country's 1.2 billion population still lives below the poverty line. Jul 7, 2014
BSE Employees

Rupee Gains, Market Records High on Finance Minister's Optimism

The Indian stock market on Wednesday opened on bullish note, following Finance Minister Arun Jaitley inaugurated digital banks across the nation on Tuesday. The stocks of banking sector plunged higher, but BSE Information Technology stocks declined during trading hours. Jul 2, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai

Rupee Records Decline; Hits Month Low at 60 per Dollar

Indian rupee slumped by 6 paise at 59.82 a dollar at early trade on Monday, against closing value of 59.76 per dollar on Friday at Interbank Foreign Exchange Market due to demand for dollars from oil exporters. Jun 16, 2014
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Infosys won't be affected even if more top executives exit: NR Narayana Murthy

Bangalore, June 15 (ANI): NR Narayana Murthy while addressing last AGM as the Infosys chairman, said that Infosys has enough senior managers to run the business even if more executives leave, after a spate of staff exits triggered concerns about a leadership vacuum. Murthy played down the departure of at least 11 senior executives since he was brought back from retirement in June last year to help regain market share, saying some of them were low performers. Infosys shareholders are betting on Vishal Sikka, who will take over on August 1 from current CEO SD Shibulal, to turnaround the company by tapping opportunities in new technology areas including cloud computing and mobility. Jun 15, 2014
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Infosys names former SAP executive Vishal Sikka as CEO

New Delhi, June 12 (ANI): Infosys Ltd on Thursday named former SAP AG executive board member Vishal Sikka as its CEO. With his appointment, Sikka becomes the first non-founder CEO of Infosys, which is India's second-largest IT services exporter. The company also informed that Executive Chairman NR Narayana Murthy would step down on Saturday, nearly a year after he was brought in from retirement to help the company better compete with rivals including Tata Consultancy Services and Wipro. Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, from August 1. Jun 12, 2014
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