Infosys: News

CBI finds Infosys and I-T involvement in tax return fraud

Officials of the CBI's Anti-Corruption Bureau, who have been investigating a 'revised tax return' fraud since late January, have found that I-T officials and Infosys employees connived with the Bengaluru-based chartered accountant Nagesh Shastri, the main accused in the fraud.

How much does Salil Parekh, new Infosys CEO, earn?

After months of search, Infosys finally decided on its new CEO last December. Salil Parekh took charge the day before yesterday.

Should Aadhaar-linking be mandatory? Chidambaram, Narayana Murthy argue

Infosys co-founder NR Narayana Murthy and former finance minister P Chidambaram had an argument at IIT-Bombay yesterday over linking Aadhaar to welfare schemes.

Capgemini's Salil Parekh named Infosys's new CEO & MD

Nandan Nilekani pledges to donate half his wealth to charity

Infosys co-founder Nandan Nilekani and his wife Rohini pledged half of their wealth, estimated at $1.7 billion, to charity this weekend.

Deadline for filing GSTR-2, 3 extended by a month

A week after waiving penalties on delayed filing of GST returns for August and September, the government has extended the deadline for filing GSTR-2 returns and GSTR-3 for July, to November 30 and December 11 respectively.

Infosys profit rises by 7% to Rs. 3,726cr in Q2

Infosys, India's second-largest IT company, reported a Rs. 3,726-crore net-profit for the July-September quarter, posting 7% Quarter-on-Quarter rise and 3% Year-on-Year increase.

A month after Sikka, Infosys senior VP Sanjay Rajagopalan resigns

A month after Vishal Sikka resigned from Infosys, the company's senior vice-president Sanjay Rajagopalan has also quit his post.

Infosys to recruit 6,000 techies annually for next 2 years

Despite Vishal Sikka's resignation and turbulence over clashes between board members and founders over corporate governance issues, Infosys has announced that it will continue to recruit 6,000 employees per annum for the next two years.

Infosys promoters offer shares worth Rs. 2,038 crore for buyback

Infosys promoters, including the co-founder duo N.R. Narayana Murthy and Nandan Nilekani, have offered to put up as many as 1.77 crore shares for sale in the proposed Rs. 13,000 crore buyback offer of the firm.

Nandan Nilekani to work without salary as Infosys Chairman

According to the BSE filing by India's second largest IT firm Infosys, it will not be paying a single dime to its newly instated non-executive and non-independent chairman, Nandan Nilekani.

Infosys engaging with investors to maintain high governance norms

According to its BSE filing, Infosys is currently engaging with its shareholders to discuss what its future course of action should be so that, the "high governance standards" of the firm are maintained.

Infosys under Nilekani will adapt a 3-pronged strategy

If anything is evident from Nilekani's tweet - "Joined @Infosys at 26, re-joined it at 62." - it's the fact that Infosys is once again relying on its old guard to bring the much-needed order.

Will Vishal Sikka join HPE as CTO? Sources say yes

A week ago, Vishal Sikka resigned from the post of Infosys CEO and joined as executive vice chairman. Yesterday, he quit that too, stepping down with immediate effect.

Infosys appoints Nandan Nilekani as Chairman of the Board

According to reports, Nandan Nilekani has been appointed as the non-executive, non-independent director and the Chairman of the Board of Director with immediate effect.

US law firms file suits against Infosys after Sikka's resignation

The ramifications of Vishal Sikka's resignation from Infosys have been huge. Three American law firms have filed class action suits against it over alleged securities fraud, misleading information and unlawful practices.

Infosys share buyback: What you need to know

Infosys CEO Vishal Sikka resigned on 18th Aug, citing slander by the company's founder.

Who could be the next CEO of Infosys?

Following the resignation of its first non-founder CEO, Vishal Sikka, Infosys is sifting through the resumes of internal and external candidates to find his successor.

Vishal Sikka's Infosys stint: The highs and lows

Vishal Sikka's tenure at Infosys has been filled with bitter controversies, a war between the Narayana Murthy-led founders' camp and the Sikka-led management, and "unrelenting, baseless/malicious and increasingly personal attacks".

Infosys CEO Vishal Sikka resigns, what's next?

Bitter showdowns with the founders, continuous high profile exits and dismal financial condition of Infosys have finally broken down the resilient Vishal Sikka.

Bengaluru court sentences man to life imprisonment for killing wife

A Bengaluru court convicted Satish Kumar Gupta, former HR manager with Infosys, for murdering his wife Priyanka Gupta and destroying evidence seven years ago.

Nandan Nilekani, Helion MD's $100mn fund for Indian start-ups

Infosys co-founder Nandan Nilekani and senior manager of Helion Sanjeev Aggarwal have announced a $100mn fund for promising new ventures that show potential to grow into billion-dollar companies.

36th Infosys AGM: Unhappy founders choose to skip

The 36th Annual General Meeting (AGM) for 2016-17 of Infosys in Bengaluru has reportedly not been attended by any of the co-founders, including NR Narayana Murthy.

Racial Discrimination: Former US employee files lawsuit against Infosys

Erin Green, a former Head of Immigration at Infosys in the United States, filed a lawsuit, accusing the IT major of "racial discrimination" against non-South Asian employees.

Infosys: To sell or not to, that is the question

For Infosys, it's one bad day after another; the bellwether IT firm has too many things on its plate.

Narayana Murthy has a solution for lay-offs: Senior executive salary-cuts

Infosys co-founder NR Narayana Murthy said that if senior executives in companies took salary cuts, large-scale job losses could be avoided.

Infosys gives Rs. 14 crore in compensation, Sikka's pay slashed

Post results, Vishal Sikka-led Infosys has been busy, from battling layoff rumors to hiring new overseas employees and pushing towards a new direction that would give the company profitability in the coming years.

IT industry is in disarray, as layoff panic hits employees

The IT sector is currently going through a retrenchment drive to let go of "underperformers", an exercise which would result in 56,000 engineers losing their jobs, according to Mint.

Bengaluru Police now on Instagram

Tech-savvy Bengaluru Police are doing everything in their power to ensure dissemination of their campaigns and important messages through social media.

Infosys gets reality check, it's time to buckle up

Infosys Q4 results are out and its lacklustre numbers are a reflection of how the firm is handling itself at the moment.

Infosys may freeze over, Sikkha will get a check

Non-founder CEO of Infosys Vishal Sikka's new salary with a 55% hike stands at $11 million.

Budget 2017: Cheaper 1BHKs, more PG medical seats

In Budget-2017, Jaitley announced several measures to boost affordable-housing. 1BHKs in suburbs in Mumbai may get cheaper due to 100% tax-exemption on profits from flats of 600sq-ft carpet area.

Infosys invests Rs.14.5 crore in AI start-up

Indian software giant Infosys announced investments amounting to Rs.14.5 crore in UNSILO, a Danish start-up that targets text intelligence.

Nandan Nilekani's impetus to a dozen startups

Nandan Nilekani, co-founder of Infosys, has invested $50 million in 11 start-ups in a little more than a year and has committed to investing $25 million more.