India's second largest software company Infosys has "released" 8,000-9,000 employees within a year owing to the automation of lower end jobs. “We have been releasing about 2,000 people every quarter and also training them in
Global software major Infosys Ltd on Friday reported a net profit of Rs 3,708 crore for the third quarter (October-December) of fiscal 2016-17, registering a 7 per cent year-on-year (YoY) growth.
A day after the introduction of a bill recommending key changes in the H-1B Visa programme in the US Congress, Indian IT stocks fell as much as four per cent today. The top four IT companies -- TCS, Infosys, Wipro and HCL Tech -- together lost over R
President-elect Donald Trump’s announcement that the creation and return of jobs to the US would be the single biggest agenda of the first 100 days of his administration has led to India's over Rs 1
Emulating its rival TCS, India's second largest IT outsourcer Infosys has decided to split its business into smaller units. The smaller units will be lead by IT major's next generation of management, according to a
IT major Infosys has denied reports of sacking 500 employees. It, however, said that the company has laid off ‘a few’ people on grounds of non-performance and disciplinary issues.
Software major Infosys has said that it will not lay off 3,000 techies working on the Royal Bank of Scotland project, but will divert them to other verticals.
Royal Bank of Scotland’s decision not to set up a separate bank in the United Kingdom is set to result in 3000 jobs being affected at Infosys, the company has said. RBS announced last
New Delhi: Infosys CEO Vishal Sikka seems to be moving quickly to fix things after the disappointing April-June earnings that sent its share price plummeting by 9 per cent on Friday. In an email addressed
Chennai: In the latest development in the murder case of Chennai Infosys techie, the alleged murderer has been arrested by the police from Tirunelveli in Tamil Nadu. As per the police, Ramkumar, also a 24-year-old
Chennai: Father of 24-year-old Infosys employee S Swathi, who was hacked to death by an alleged stalker at a busy railway station in Chennai on Friday, said yesterday that “passengers remained mute witnesses” as his
The state government had subsequently transferred the investigation of the case from the Government Railway Police to the city police.
New Delhi: Ending months of speculation, India's central bank governor Raghuram Rajan on Saturday said he will step down when his term ends in early September. This decision caught many by surprise and also led
H-1B visa "abuse" is harming American workers, leading US daily New York Times said on Thursday and asked the US Congress to close the loopholes as some companies skirt rules for using foreign workers with such visas by outsourcing recruitments to fi
New Delhi: In a show of support for Raghuram Rajan, Infosys co-founder N R Narayana Murthy has said that Rajan deserves two more terms as the RBI Governor. Murthy said that the country is fortunate
New Delhi: India has Asia's third richest billionaire, the world's costliest house and some of the most well paid executives. While the pay cheques of many employees part of an aspirational India are on the
Infosys, India’s second largest outsourcer, currently has 54 employees who earn annual salaries of at least Rs 1 crore, the company said in its annual report
New Delhi: A lot has been talked about woman's motherly love, but rarely do we talk about how being a father changes a man’s life. Infosys Founder N K Narayana Murthy letter to his daughter,
With problems continuing in using Corporate Affairs Ministry's MCA21 portal, the ministry might deduct payments to IT major Infosys. The portal is used by stakeholders to make electronic filings under the Companies Act.
Bengaluru: Indian software giant Infosys, which posted a strong revenue growth in the fourth straight quarter, has announced average salary hikes ranging between 6-12 per cent for its employees. Banking on the strong show, the
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