Sandeep Dadlani, who was serving as president and head of manufacturing, retail, CPG and logistics, has put in his papers. His role is now being split with Karmesh Vaswani and Nitesh Banga
In April, Sikka cited 'unanticipated execution challenges and distractions' as a reason for slow revenue growth in the quarter ended March. In February, Murthy had gone public against the company
With this, the company stood at the eighth position in the top-10 m-cap ranking chart, ahead of Infosys and ONGC.
“We would like to clarify reports in media speculating on plans of stake sale by the promoters. This speculation has already been denied categorically by the promoters,” the statement released by Infosys said.
The Infosys promoter group, which includes Murthy, Nandan Nilekani, Kris Gopalakrishnan, S D Shibulal and K Dinesh, are exploring a sale of their entire 12.5 per cent stake in the company worth around Rs 28,000 crore, a media report said today
A close examination of Infosys hiring forecast of 20,000 translates into a hiring of approximately 9,000 in India, the executive search firm has said
'I have a feeling that it is possible for us to protect the jobs of youngsters if the senior management people were to make some minor adjustments - adjustment of taking salary cuts,' Murthy said
The government has categoric assurance from the industry in this regard, IT Secretary Aruna Sundararajan emphasized today
After IT majors Infosys and Wipro, it is now Tech Mahindra's turn to lay off hundreds of its employees based on their performance.
After a week of announcing about hiring 10,000 Americans in US, Infosys proposes on Wednesday to “fire” its employees for their “non-performance” soon.
Interestingly, Infosys has said it will hire 10,000 Americans in the next two years and open four centres in the US as it seeks to counter moves by the US to tighten visa norms.
Top IT firms Capgemini, Wipro and Infosys are said to be in the process of initiating large scale layoffs amid a slowdown and a shift towards hiring more Americans
He is currently chairman, Axilor Ventures, an accelerator and seed fund that he co-founded with another Infosys co-founder SD Shibulal and others.
The announcement by Infosys is further evidence that companies are renewing investment in the US as a result of the Trump administration's "pro-growth economic agenda", the White House said
In an attempt to tide over visa-related issues, Indian IT major Infosys will hire about 10,000 locals in the US over the next two years and set up four technology and innovation hubs there.
The balance payment was suspended after co-founder Narayan Murthy and others termed the severance pay as excessive and even termed it 'hush money'
IT major Infosys plans to focus more on local hiring in the US and is also looking at setting up development and training centres in the country as part of its efforts to tide over visa-related issues.
Sikka was eligible for a USD 11 million (about Rs 70 crore) pay including basic salary, variable pay, restricted stock units (RSUs) and performance stock options for the year.
A whopping 37,915 engineers left software major Infosys while its hiring plunged 65 per cent in fiscal 2016-17 thanks to increasing automation and thrust on artificial intelligence in its operations and projects.
Infosys founder N R Narayana Murthy today said that it is important to reduce “friction” in business and create an “environment” wherein the government has more trust in its entrepreneurs.
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