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Infosys creates blockchain solutions for trade finance
Posted on 17th May 2018
BENGALURU: Infosys has created a blockchain-based documenttracking system for trade finance and is implementing the solution with seven private banks in the country —Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, South Indian Bank and Yes Bank.

Infosys looks for expert in place of Ravi Venkatesan
Posted on 15th May 2018
BENGALURU: Infosys has begun looking for a technology services industry expert to replace Ravi Venkatesan as independent director on the company’s board, a person with direct knowledge of the plan told ET.

The software services exporter will involve an external agency to identify the right person, the source said, adding that the company would also “consider recommendations from existing board members as well from outside”.


Ex-Infosys independent director Ravi Venkatesan in talks for a big role at Amazon India
Posted on 14th May 2018
BENGALURU: Ravi Venkatesan, the former Infosys cochairman, is discussing a potential offer to join US ecommerce giant Amazon in its India business in a senior role, said two sources familiar with the matter. Venkatesan, who has earlier also served as the head of Microsoft India, could join as either a board member, chairman or a senior advisor at Amazon India, the sources said.

Ravi Venkatesan quits Infosys as independent director; Nandan Nilekani has this to say
Posted on 11th May 2018
IT giant Infosys on Friday said that Ravi Venkatesan has resigned as a director of the company. “Champion for driving social impact”, Ravi Venkatesan has been an independent director since 2011 and served briefly as co-Chairman before Nandan Nilekani became the chairman in August 2017.

Infosys CEO Salil Parekh to receive annual performance-linked equity grant worth Rs 13 crore
Posted on 5th May 2018
India's second largest software services company Infosys today said its CEO Salil Parekh will receive an annual performance equity grant worth Rs 13 crore.

Parekh had joined the Bengaluru-based company in January this year after a protracted stand-off ensued between Infosys founders led by NR Narayana Murthy and the previous management over issues of corporate governance and compensation to former executives.


Infosys to set up campus in Indianapolis, bring nearly 3,000 new tech jobs
Posted on 27th April 2018
Infosys has said it its largest campus outside of India is going to be in Indianapolis, US. The company is already aggressively expanding its capacity in US while stepping up hiring to localise the workforce.

The proposed campus, according to some local media reports, is expected to come up on around 125 acres, which the company will acquire from airport authorities, and would house as many as 3,000 employees. This, however, could not be independently verified.


Infosys' three-year road map gets a thumbs-up from analysts
Posted on 25th April 2018
Even as the January – March 2018 (Q4FY18) results failed to enthuse investors, most analysts have given a thumbs-up to the three-year road-map laid out by Infosys to accelerate growth in the digital segment.

Infosys, which detailed its strategy to analysts in post market hours on Monday, also reiterated its capital allocation policy of returning up to 70 per cent of free cash flow (FCF) with periodic review of return cash balances.


Infosys draws up three-year road map to accelerate growth in digital space
Posted on 24th April 2018
On a day when its closest rival Tata Consultancy Services achieved the distinction of becoming the first Indian IT company to cross $100 billion in market cap, top leaders of Infosys led by newly appointed Chief Executive Officer and Managing Director Salil Parekh were busy convincing investors in Mumbai how they are trying to build a company that has put in place all the building blocks to emerge as a leader in the digital space, where most of the client budgets are going today.

Sebi accepts Infy plea on severance settlement
Posted on 17th April 2018
BENGALURU: Market regulator Sebi has accepted a settlement application filed by Infosys following the latter’s inquiry into alleged inadequate disclosures and procedural lapses in the severance agreement with former CFO Rajiv Bansal, sources told TOI.

The settlement application is now before Sebi’s Advisory Committee headed by Vijay C Daga, retired judge of the Bombay high court, for a decision on the quantum of monetary penalty, the sources said.


Infosys shares end 3.15% lower at Rs 1,134.5 after outlook disappoints
Posted on 17th April 2018
Infosys’ shares slid 3 per cent after the Indian IT services giant said it expected operating margins lower than the previous year’s.

The firm is forecasting an operating margin of 22-24 per cent this year, lower than previous year’s 23-25 per cent view. That fell short of investors’ expectations, Citigroup analyst Surendra Goyal said, given its annual sales forecast only managed to match estimates.


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