Infosys

Sensex, Nifty drop sharply; TCS, Infosys fall

Wednesday June 19, 2013

The BSE Sensex dropped 100 points on Wednesday as traders awaited the U.S. Fed decision on the possible scaling back of the bank's $85 billion monthly bond-purchase programme.

Ambit Capital report on why great Indian companies self-destruct

Tuesday June 18, 2013

Over the last five years Infosys has lagged HCL Tech and TCS the same way as TVS Motor has lagged Bajaj Auto, domestic investment bank Ambit says in a report.

Why do great Indian companies like Infosys self-destruct?

Tuesday June 18, 2013

Infosys founder N R Narayana Murthy came back from retirement earlier this month to take charge of India's second biggest outsourcer, which had lagged its peers over the last few quarters, pressuring its stock price and dampening investor confidence.

Infosys gains after Murthy promises a turnaround in 3 years

Monday June 17, 2013

Infosys shares gained in a choppy market, two days after the company's executive chairman N.R. Narayana Murthy said painful decisions needed to return the company to a "desirable" state in 36 months.

Narayana Murthy pledges Infosys turnaround in 3 years

Sunday June 16, 2013

Infosys, India's second-largest software services provider, will take the tough, painful decisions needed to return the company to a "desirable" state in 36 months, co-founder N R Narayana Murthy said on Saturday.

Investors welcome Narayana Murthy's comeback; concern over performance

Saturday June 15, 2013

Infosys shareholders on Saturday welcomed the re-appointment of company's co-founder N R Narayana Murthy as executive chairman, but expressed disappointment over the firm's performance.

Rebuilding a 'desirable' Infosys will take 36 months: Narayana Murthy

Saturday June 15, 2013

Recalled to ride out the bad times for Infosys, its chairman N R Narayana Murthy said on Saturday that the "daunting" task of rebuilding a "desirable Infosys" would take at least three years and there would be some tough decisions resulting in "pain"...

Rebuilding Infosys to take 36 months: Narayana Murthy

Saturday June 15, 2013

Newly appointed executive chairman of Infosys N R Narayana Murthy on Saturday told shareholders that the task of rebuilding Infosys will take at least 36 months, even with a high quality team and the full dedication of every Infoscion.

Infosys AGM today to ratify Narayana Murthy's appointment

Saturday June 15, 2013

Shareholders of Infosys will meet on Saturday to ratify the board's decision to appoint N R Narayana Murthy as executive chairman of the board and additional director with effect from June 1, 2013.

Infosys US subsidiary bags $49 million contract

Friday June 14, 2013

IT services major Infosys said on Friday that its subsidiary has been awarded a one-year contract valued at $49.5 million (about Rs 285 crore) from the US District of Columbia to develop its health benefit exchange.

Infosys: SEBI seeks details on board meeting held on June 1

Reuters | Friday June 14, 2013

SEBI has sought certain clarifications from Infosys relating to the Board meeting held on June 1st.

Wipro gets fresh tax demand of Rs. 816 crore

Press Trust of India | Friday June 14, 2013

Wipro has been slapped with an over Rs. 816 crore claim by tax department, becoming the latest IT company to have got such a notice after Infosys, WNS and iGate.

Wipro awards double-digit hikes for 'high performers'

Friday June 14, 2013

Hours after Infosys announced salary hikes for all eligible staff on Thursday, Wipro said it will "award double-digit hikes for high performers." Wipro is India's third biggest outsourcer by revenues.

Sensex gains over 200 points, IT stocks lag

Friday June 14, 2013

Sensex gains over 200 points, IT stocks lag

Infosys shares gain on salary hike announcement

Friday June 14, 2013

Infosys shares gain after salary hike announcement