Infosys chief N.R. Narayana Murthy has said the company is looking at reducing the number of top officials and subcontractors at onsite locations in a bid to reduce operational costs, according to Barclays.
Stephen Pratt, Infosys executive council member and head of utilities and resources for North America, has resigned from the company. According to sources close to the development, Pratt wants to start his own venture.
IT major Infosys, which is managing the Corporate Affairs Ministry's e-governance portal MCA21, is investing over Rs 100 crore to upgrade the system in view of expected rise in load as company filings surge on account of new Companies law.
Infosys board member V Balakrishnan has sold 100,000 shares in the company via open market transactions on Thursday (November 7) for Rs 33.05 crore, a regulatory filing to the Bombay Stock Exchange showed.
Infosys BPO, the business process outsourcing arm of Infosys, today said it has opened a 120-seater delivery center at Eindhoven in Netherlands, which will strengthen the company's global footprint and reinforce its position in Europe.
Rohan MurtyThe Union ministry of corporate affairs (MCA) has informed Infosys that the appointment of Rohan Murty, son of co-founder and executive chairman N R Narayana Murthy, does not require its approval.
Infosys has moved higher by nearly 3% at Rs 3,397, its highest level since January 12, 2011, on the National Stock Exchange (NSE).The stock opened at Rs 3,321 and hit a low of Rs 3,314 in early morning deals on the NSE.
Infosys has agreed to pay $34 million (Rs 208 crore at the current exchange rate), the largest amount ever in a US visa case, for a civil settlement of the US government’s claims of visa violations by the firm.
Infosys Ltd, India's second-largest IT services exporter, has agreed to pay $34 million in a civil settlement with US authorities investigating its use of visas in the United States, the company said on Wednesday.
The US government was likely to slap a fine of $35 million (Rs 219 crore) on Infosys, India’s second-largest IT services firm, over charges of inappropriate use of visitor visa for business purposes, The Wall Street Journal (WSJ) reported on
Amid reports that the US authorities may slap a 'record fine' of $35 million on Infosys for immigration violation, the information technology (IT) major Tuesday said no resolution has yet been finalised in the case.
Infosys, India’s second largest IT services company is understood to have bagged a large IT outsourcing contract from Royal Bank of Scotland (RBS) to develop the banking system for Williams & Glyn's Bank.