Mumbai: The cost of Infosys Technologies Ltd equity options jumped to the highest level in 16 months, as investors look ahead to the Indian company’s quarterly earnings next week after its smaller competitor HCL Technologies Ltd issued a sales warning.

At-the-money option costs for Infosys, the nation’s second- most valuable software exporter, jumped to 42.04 as of 12:11 pm in Mumbai, poised for the highest level since May 2014 and a third day of gains. Infosys shares fell 2.2% to Rs.1,155.70 on Tuesday from a record high, and was the biggest drag by points on the 50-stock CNX Nifty Index.

The September quarter is likely to be a reasonably good one for most Indian IT companies thanks to healthy demand trends and it being a seasonally favourable period.

Infosys, after a strong June quarter, is expected to outpace peers in the September quarter. Analysts on an average expect Infosys to post 6.2% sequential growth in its rupee revenues, whereas this number for TCS, Wipro and HCL Technologies’ is seen at 5.8%, 5.3% and 3.2%, respectively.

Bengaluru: Infosys Ltd has partnered with Palo Alto-based venture capital firm Vertex Ventures US Fund I Lp to boost its access to start-ups focused on disruptive technologies.

The move by Infosys Innovation Fund, which has an outlay of $500 million, puts India’s second-largest software services exporter in the league of technology titans such as Google Inc. that (through their corporate venture arms) have partnered with VC firms across the globe to find the next big thing.

Shares of Infosys are trading higher by almost 2% at Rs 1,123 on the BSE after the company secured a three-year contract to develop and maintain all global web-based properties of not for profit enterprise TOMS Shoes for an undisclosed sum.

The move is aimed at helping TOMS, which has a model of gifting one pair of shoes to needy children for every one purchased by customers. TOMS has gifted 45 million shoes to children since 2006, in streamlining the management of its web-based properties in order to lower support and development costs.

New Delhi: India has awarded a contract worth Rs.1,320 crore to Infosys Ltd to build and maintain the technology network crucial for implementing the proposed goods and services tax (GST) system across the country for five years, an official aware of the matter said on Monday.

The government had created a company called GST Network to provide the technology backbone to introduce GST and connect the databases of states and the Centre.

Shares of Infosys were up nearly 1% at Rs 1,112 on the Bombay Stock Exchange after the IT major in a release announced that Qantas Credit Union has selected Infosys Finacle to improve its customers's digital experience, as part of their business transformation strategy.

Qantas Credit Union is top Australian Credit Union, and implementation of Finacle will enable the company to exploit the power of digitization to unlock new revenue streams and foster customer loyalty, while enabling the bank to quickly bring new products to market, the release added.

India's top outsourcing firms are finding a sporty way to improve their branding and visibility. In consecutive weeks, Infosys, Wipro and HCL have all signed contracts with some of the biggest names in the world of sports, including global sporting brands Manchester United and Chelsea, hoping to emulate the success that IBM has had for years by providing infrastructure support to tennis governing body Association of Tennis Professionals (ATP).

Infosys shares gained over 3 per cent in morning trade on Wednesday after the company said that the US Labor Department cleared the IT major of any wrongdoing and has closed the investigation into US Visa violation case.

At 11.15 am, the shares were trading 3.14 per cent higher at Rs 1,092.60. On NSE, the shares were trading 3.17 per cent higher at Rs 1,092.40. Sensex was up 304.40 points at 25,622.27 during the same time.

New York: India’s second largest software services firm Infosys Ltd on Tuesday said the US government has found no visa violations after a probe that began in June this year.

“Infosys is pleased to report that the US Department of Labor (DOL) concluded its investigation with a determination of compliance regarding labour condition applications filed in the Southern California Edison project,” it said in a statement. “Infosys fully cooperated with DOL in its investigation, and over 145 files were reviewed, with no violations found,” it added.

Infosys, India's second-largest information technology (IT) services company, is looking at bringing more automation to all its new projects by the end of the financial year. The model, people-plus-software, was the way forward, chief executive Vishal Sikka said. Under this model, software would help lower the number of people engaged in projects, lowering customers' cost and improving their profit margins.

I am impatient to see that 'people-plus-software' is brought to all our clients as quickly as possible. Last week, we laid out a very clear goal to our sales team that we have to bring this model to every client before the end of this year, Sikka said at the JPMorgan Asia CEO-CFO Conference held at New York on Tuesday. We are going to track that goal aggressively.

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