NEW DELHI/BENGALURU: Infosys, which a few months ago won a landmark Rs 1,380-crore contract from the government to develop a stateof-the-art technology platform for the proposed goods and services tax (GST), is going ahead with the project despite the delay in the GST Bill getting passed, according to ministers and executives directly familiar with the matter.

NEW DELHI: After being on a downward spiral for many years, HCL Infosystems, one of the pioneers of the Indian tech industry, is in reboot mode. HCL group veteran Premkumar Seshadri, who took over as managing director of HCL Infosystems in January, said that as a revival strategy, the company focussed on creating a robust business pipeline, automating operations and appointing leaders for key business functions.

Infosys on Monday informed the stock exchanges that it has made an investment of $3 million in an early stage company ‘WHOOP, which offers a performance optimisation system for elite professional sports team.

WHOOP Inc, a Delware Corporation, offers a highly differentiated performance optimisation and analytics solution that is of strategic importance to Infosys in the professional team sports and connected wellness markets.

After showing consistency in performance in the last couple of quarters, Infosys, India’s second largest information technology services company, has said it was back on growth track.

The Bengaluru-based firm also said while the present growth was primarily driven by improving the operational efficiency, the growth would be more pronounced once the results of the new initiatives it had taken started kicking in.

Shares of Infosys are up almost 1% at Rs 1,036 on the NSE after the IT major announced that it has made an investment of $4 million in CloudEndure, a startup that provides cloud migration and cloud-based disaster recovery software.

Infosys said that the company has invested $4 million in cash in CloudEndure for acquiring a minority holding, not exceeding 20% of the outstanding capital of the company.

Infosys will expand operations in Ireland, doubling the number of staff to 500 in three years and setting up its first product-centric research and development (R&D) centre outside India.

I am delighted to welcome 250 new jobs at Infosys. This is a vote of confidence in Ireland, our great workforce and our reputation as a hub for technology and innovation, Irish Prime Minister Enda Kenny said on Monday. The expansion will see the Bengaluru-headquartered firm create up to 95 roles at its first dedicated product-centric R&D centre outside India, and open a second Irish facility to house up to 155 people who will provide information technology services to Infosys clients.

Infosys, the country’s second-largest information technology services company, is pushing the use of renewable energy to reduce its carbon footprint. It is installing solar power plants that can produce 55 Mw of electricity by end of next year. This would cater to close to a third of its annual energy requirement.

“By December, we would be commissioning 15 Mw of solar plants in our campuses, including a 7-Mw solar power plant, set up at our new campus in Hyderabad. We would also be adding 40 Mw next year,” said Ramdas Kamath, executive vice-president and head of infrastructure, facilities, administration. Last year, Infosys consumed 257 million units for all its facilities in the country.

BENGALURU: Infosys plans to add at least two members to its board in the next six months even as it intends to stick to its strategy of having a lean board with not more than two executive directors to ensure faster decision-making, two executives familiar with the matter said. The company, India's second largest software exporter, has an eight-member board at present.

It is keen to fill the vacancies created by the exit of former ICICI Bank chairman KV Kamath earlier this year and departure of Carol M Browner, a former director of the White House Office of Energy and Climate Change Policy, last week. Infosys is looking for candidates with experience in areas such as financial services, government regulations and technology, the executives said.

International Institute for Information Technology and Indian Institute of Science in the city are among the eight leading academic institutions selected by Infosys Foundation to set up faculty chairs.

The philanthropic arm of India’s second largest software exporter has 11 faculty chairs in eight leading academic institutes across India to promote research. These chairs also provide advanced training and support student and faculty exchange programmes in India and abroad.

The Indian equity markets are still soaring high, after a gap-up opening, mainly on the back of short-covering and strength witnessed in global peers. The broad based rally across the banking and auto shares lifted the sentiment.

Overnight, the Wall Street jumped euphorically post the released of US Federal Reserve’s meeting minutes that hinted at raising the interest rates in December as it feels confident about the health of the world’s largest economy.

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