Lodestone

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  Vice President M Venkaiah Naidu Addresses Students On 50th Convocation Of Utkal University

  While addressing the students at the convocation, Vice President M Venkaiah Naidu termed Utkal University as the educational lodestone of Odisha and appreciated it for maintaining high educational standards.

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  Infosys Buys US-Based Panaya for $200 Million

  IT major Infosys on Monday announced the acquisition of US-based Panaya for $200 million or Rs 1,250 crore. This is Infosys' second largest acquisition since the September 2012 deal to acquire Zurich-based Lodestone Holding.

• Change Is a Part of Life, Says Infosys' Shibulal

  "Change is a part of life" were the parting words of S D Shibulal, the outgoing chief executive of Infosys who started the IT company with six friends over three decades ago.

• In big blow to Infosys, director Balakrishnan quits

  Mr Balakrishnan, who headed Infosys BPO, Finacle and India Business Unit, was also the chairman of Lodestone, a company the IT major acquired in September 2012. He has also served as the firm's chief financial officer earlier.

• Investors welcome Narayana Murthy's comeback; concern over performance

  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.

• Infosys rejig: Lodestone CFO Balakrishnan made chairman

  In the first significant reshuffle after recalling founder N R Narayan Murthy, Infosys, the country's second largest software services firm, on Tuesday replaced its subsidiary Lodestone's chairman BG Srinivas with V Balakrishnan, its former chief financial officer.

• Why Europe is the hot-spot for acquisition by Indian IT companies

  Europe seems to have become the favourite destination for acquisition by Indian IT companies and Tatas' recent purchase of French firm Alti could be the prelude to a long-awaited European acquisition spree, experts believe.

• TCS to acquire French firm ALTI for 75 million euros

  TCS shares rose 1.5 per cent on Tuesday after India's biggest outsourcer announced the acquisition of IT services firm ALTI for 75 million euros (nearly Rs 550 crore) in an all cash deal.

• Infosys shares gain on Q4 earnings optimism

  Shares in Infosys Ltd end up 1.9 per cent on optimism about its January-March quarter earnings due on April 12, dealers say.

• Infosys: Is there more upside in stock after the 17% spike?

  Infosys third quarter earnings surprised the Street on Friday leading to a 17 per cent spike in its shares. The sharp jump added over $4 billion to India's second largest IT major's market capitalization.

• Infosys unexpectedly raises forecast, shares surge 17%

  India's No.2 software services provider Infosys raised its revenue forecast after posting stronger-than-expected quarterly profit, triggering a near 17 percent surge in its shares, set for their biggest gain in more than a decade.

• Infosys shares headed for their biggest gain in a decade

  India's No.2 software services provider Infosys raised its revenue forecast after posting stronger-than-expected quarterly profit, triggering a 16 percent surge in its shares, set for their biggest gain in more than a decade.

• Infosys expects FY13 operating margin of 26%: CFO

  Infosys, India's second-biggest software services provider, expects operating margins for the financial year ending in March to be about 26 percent, Chief Financial Officer Rajiv Bansal said.

• Infosys Q3 beats estimates, stock jumps 15%

  IT major Infosys' third quarter profit for the October to December period was flat at Rs 2,369 crore, but the numbers are better than estimates of Rs 2,244 crore.

• Infosys Q3 net seen falling 5.2%, shares down

  Infosys shares traded lower today ahead of the IT major's third quarter earnings announcement on Friday. This is the third straight day of losses for Infosys, India's second largest software services outsourcer.