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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.

Infosys to offer cloud solutions to global enterprises on Google Clouds
Posted on 22nd September 2018
Software major Infosys would offer scalable services and solutions on demand to global enterprises on search engine's Google cloud platform, the IT major said on Saturday.

"We are partnering with Google to develop cloud transformation and migration services for enabling enterprises transform their businesses on scalable and on-demand model," said the city-based company in a statement.

Infosys loses arbitration case against Rajiv Bansal over severance package
Posted on 19th September 2018
Infosys, the country’s second-largest information technology services firm, has lost an arbitration battle against its former chief financial officer Rajiv Bansal over his severance package.

The arbitration tribunal has directed the IT firm to pay Bansal the pending amount of Rs 121.70 million with interest. Infosys’s counterclaim for refunding the previously paid severance amount of Rs 52 million has also been rejected.

After US, Europe and Australia new hunting ground in Infosys' talent search
Posted on 18th September 2018
After the US, Infosys is planning to take its digital hub models to Europe and Australia as the Bengaluru-based company looks at expanding its onshore capabilities in order to serve these markets effectively. The company plans to begin by setting up one digital hub in the UK for which it has shortlisted four locations while it is also evaluating setting up such centres in two more European countries. In Australia, Infosys is looking at setting up two hubs initially before expanding further.

Infosys doubles investment in TidalScale to $3 mn through Innovation Fund
Posted on 17th September 2018
IT company Infosys on Monday said it has doubled its investment in US-based software firm TidalScale by putting in an additional $1.5 million (around Rs 110 million) through the Infosys Innovation Fund.

"Infosys...has made an additional investment of $1.5 million through the Infosys Innovation Fund in TidalScale Inc, the company at the heart of the software-defined server revolution," the Indian software major said in a statement.

Infosys strengthens presence in Europe with Fluido acquisition
Posted on 15th September 2018
Infosys on Friday announced a definitive agreement to acquire Fluido, a salesforce advisor and consulting partner in Nordics that has expertise in cloud consulting, implementation and training services. Infosys said the acquisition enhances its ability to provide clients an unparalleled cloud-first transformation. With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys’ presence across the Nordics region.

Hiring picks up at TCS, Infosys, Cognizant, Wipro and HCL Tech
Posted on 12th September 2018
New Delhi: The top five software services providers operating in India added 24,047 people in the first quarter of this fiscal, compared with the 13,772 net additions in the previous fiscal, leading many experts to believe that the industry is set to record the fastest growth in three years. The turnaround in the pace of hiring at Tata Consultancy Services Ltd (TCS), Cognizant Technology Solutions Corp.,

Infosys is embedding 'specialists' to push sales in digital space
Posted on 10th September 2018
In a bid to push sales in digital space, India’s second largest IT services company, Infosys, is embedding ‘digital specialists’ to select base of clients who are in the advanced stage of adopting newer technologies for transforming their businesses.

The Bengaluru-based firm, which started this practice last quarter, said it was helping it to be precise on its offerings with greater understanding of the client needs.

Infosys, Temasek form JV in Singapore
Posted on 8th September 2018
India’s second largest IT services firm Infosys on Friday said it had teamed up with Temasek to form a joint venture that will support the Singapore-based company’s digital transformation journey.

The joint venture — in which Infosys Consulting (Infosys subsidiary) holds 60 per cent stake — will be headquartered in Singapore, Infosys said in a statement.

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