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From Wipro to Infosys, IT firms to realign client base on digital push
Posted on 17th November 2018
With digital services emerging as the next growth driver for information technology (IT) services firms, quality of revenue is taking precedence over quantity, leading to a fair amount of rationalisation of customers.

This trend is reflected in the active customer base of Indian IT services firms, which grew at a tepid pace for the last three years despite healthy additions of clients every quarter.

Infosys ADS holders seek refund of $3.7 million in depository fees
Posted on 16th November 2018
New Delhi: Holders of Infosys Ltd’s American Depositary Shares (ADSs) have complained that the company’s issue of bonus ADSs in September has added to their cost of owning the securities without any concomitant benefits. They have, in a letter to Infosys’s chief financial officer M.D. Ranganath, asked the Bengaluru-based company to review its ADS programme and refund over $3.7 million to its ADS holders in depository fees collected by the firm on account of issuing new securities.

Infosys to hire 500 American techies in Texas
Posted on 15th November 2018
Bengaluru: Tech major Infosys will hire 500 American workers in Texas where the company is setting up a Technology and Innovation Hub, a specialised facility for telecommunications, retail and banking sectors.

Infosys in May 2017 said it would hire 10,000 American workers by 2019 and the company has already hired over 6,200 of them since it made this people announcement.

Infosys to give 3-5% salary hikes to senior staff
Posted on 9th November 2018
BENGALURU: Infosys is expected to roll out salary increments for senior level executives in January. It is also expected to sharpen the focus of performance incentives towards digital contracts.

Most employees received their increments effective April. The senior-level employees were to get it effective July, but that did not happen.

Infosys sees year's 5th top-level exit: Global consulting head Toombs quits
Posted on 22nd October 2018
Top-level exits continue at Infosys, the country’s second largest company in information technology services.

The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity. Highly placed sources said he is presently serving out the mandatory notice period.

Infosys to pay pending severance package to former CFO Rajiv Bansal
Posted on 17th October 2018
Infosys on Tuesday said it would pay its former chief financial officer Rajiv Bansal the pending severance package amount of Rs 121.7 million as directed by the arbitration tribunal in September this year.

“The company has received the legal advice and will comply with the award and make the necessary payments,” it said in an exchange filing.

Infosys announces Rs 1.5 crore reward to push innovation in social work
Posted on 9th October 2018
New Delhi: Infosys Foundation on Monday announced Rs 1.5 crore reward to push innovation in social work following increase in funds under the government rules.

"Infosys Foundation have been working since last 22 years. We had less money but thanks to 2 per cent now, which is more money.

Infosys debuts learning solution for enterprises
Posted on 4th October 2018
IT services major Infosys has announced the launch of Infosys Wingspan, its next-gen learning solution to help organisations accelerate their talent transformation journey. Based on open source technologies, the cloud-first and mobile-first solution is designed to provide a seamless interactive learning experience accessible anytime, anywhere and on any device. Infosys Wingspan provides best-in-class curated content from multiple sources that learners can access to enrich their knowledge.

Infosys deploys digital banking solution at Australian Military Bank
Posted on 25th September 2018
New Delhi: IT major Infosys on Tuesday said it has deployed its Finacle banking solutions suite for Australian Military Bank (AMB).

The comprehensive digital banking solution stack has been implemented in a fully software-as-a-service (SaaS) model, hosted out of Infosys datacentres in the country, Infosys said in a statement.

Infosys fails to prove ex-CFO deleted data from laptop
Posted on 24th September 2018
BENGALURU: Infosys could not provide enough evidence to substantiate that former CFO Rajiv Bansal deleted data from company laptop, leading to dismissal of its claim of breach of agreement by the arbitrator, two people privy to the proceedings told ET.

The Bengaluru-headquartered software services firm was ordered last week by arbitrator RV Raveendran to pay the remaining severance of Rs 12.17 crore with interest after about 14 months of Bansal taking the matter to arbitration tribunal.

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