BENGALURU: Infosys has entered a new era of remuneration for senior leadership after promoters hung up their boots to make way for a professional CEO. In doing so, the company has stepped out of the shadows of its founder N R Narayana Murthy's philosophy of compassionate capitalism which hailed the spirit of social equity.

Vishal Sikka , the first non-founder CEO brought in to put Infosys back on track, has lifted the fortunes of Infosys, which struggled to grow till two years back.

Infosys Ltd’s embrace of automation and artificial intelligence technologies to boost employee productivity is taking longer than expected.

India’s second-largest software services exporter now expects the related productivity boost to reflect in a meaningful way only from April 2017.

Bengaluru: Infosys Ltd, India’s second largest information technology (IT) company, plans to bundle services offered by its business process outsourcing (BPO) subsidiary with its own in an attempt to revive growth in the latter.

“So, the way it will work is that many of the service offerings of the BPO can work across all service lines,” said an executive who declined to be named.

Infosys Foundation, philanthropic arm of the IT major, has signed a pact with Indian Institute of Science Education and Research (IISER), Pune, to support students from economically weaker section to pursue 'high quality' education.

The Memorandum of Understanding (MoU) aims at providing opportunities for economically weaker students to pursue high quality science education and research through scholarships, fellowships and travel awards, Infosys said in a release.

Bengaluru: Cognizant Technology Solutions Corp. on Friday reported a sequential decline in revenue in the quarter to March marking the Nasdaq-listed firm’s slowest start to a calendar year since 2009.

Worryingly for investors, Cognizant slightly revised down its forecast for 2016 revenue growth, with the management now expecting full-year revenue to be between $13.65 billion and $14 billion, an increase of 10-13%, as against the earlier guidance of 10-14%.

The government has approved the proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares.

The decision was taken by an inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, at its meeting on April 28. "The Board noted that the developer is in possession of the land. It decided to grant formal approval to the proposal," the minutes of the BoA meeting said.

Infosys, India’s second largest IT services exporter, has introduced a new artificial intelligence (AI) platform called Mana. Infosys Mana brings machine learning together with the deep knowledge of an organisation, to drive automation and innovation.

According to the IT major, Mana, with the Infosys Aikido service offerings will lower the cost of maintenance for both physical and digital assets.

BENGALURU: In what maybe a sign of the escalating war for large deals, India's top outsourcing firms like Infosys and Wipro are increasingly more open to making large upfront payments while bidding for large deals that offer assured revenues. This comes at a time when India's $160-billion IT industry faces its slowest revenue growth in nearly a decade.

According to executives familiar with these plans, Indian outsourcing firms have traditionally stayed away from large deals (over $500 million) which include the takeover of customer assets including data centres or delivery centers.

Infosys, UltraTech Cement, Petronet LNG, Finolex Industries and TVS Motor Company are among 12 stocks from the Nifty500 index hit their respective lifetime high price on the National Stock Exchange (NSE) in intra-day today.

Atul, Bajaj Finance, Can Fin Homes, Kajaria Ceramics, Kansai Nerolac, Manpasand Beverages and Minda Corp are others from the index touching lifetime highs.

Infosys has rallied 8% to Rs 1,268, also its record high on the BSE in early morning trade after India’s second-largest information technology (IT) services firm forecast strong revenue growth of 11.5%-13.5% in consent currency (CC) in the current fiscal.

In dollar terms, the company expects revenue to grow between 11.8% and 13.8% for the fiscal year ending March 31, 2017, Infosys said in a statement.

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