Infosys is doubling pay packages for employees who successfully complete its new bridge programmes. These are programmes that help staff to shift from their existing job to one that demands higher skills. The company expects this initiative will also reduce attrition at junior levels — the rate has been high in recent times at over 20% […]
Infosys has reportedly announced that it would open a technology and innovation hub in the US state of Texas and hire 500 workers by 2020, its latest expansion in its largest market. Also, in May 2017, Infosys had said it would hire 10,000 American workers by 2019. So far, the company has hired 6,200 American workers. […]
One of India’s largest IT company Infosys has announced the acquisition of Finland-based firm called Fluido. It was in September that the company stated that it would acquire Fluido in a deal worth up to 65 million euros (over Rs 545 crore), including earn-out, management incentives and bonuses. Following this acquisition, the IT firm is expecting […]
The IT giant Infosys has announced a three-year partnership with Cornell University for the purpose of training employees in emerging technologies such as blockchain, machine learning and human-computer interaction. Following the collaboration, at least 3000 Infosys employees globally are expected to participate in the joint certification programme. The other employees will participate course-by-course. “The Cornell University brand […]
One of India’s largest software services provider Infosys announced the deal for the acquisition of Finland-based salesforce advisor firm Fluido. The amount of the deal is expected to be around $76 million (euro 65 million). This acquisition will mark the second acquisition of the IT giant Infosys this year. In April, the firm announced the acquisition of […]
Indian software service exporter Infosys Ltd has partnered with Singapore state investment firm Temasek Holdings for the purpose of accelerating up its Southeast Asia operations and strengthen its skills in the emerging technology space mainly in artificial intelligence. Both the companies will acquire a stake in Singapore-based Trusted Source Pte Ltd. Infosys will be acquiring a […]
S D Shibulal, the former CEO and one of the co-founders of Infosys has announced that some of his family members have sold 1.6 million equity shares (representing 0.074% of the paid-up equity share capital) of Infosys on the stock exchanges. Earlier we published a report that some of the Infosys founders are planning to sell […]
IT Major Infosys has announced the resignation of its independent director, Ravi Venkatesan which would mark the first board-level departure since Nandan Nilekani took over the chairmanship of the company more than eight months back. Ravi who became Independent Director in 2011 has decided to leave the company to acquire “an exciting new role“, said […]
Infosys, India’s leading IT company announced the opening of an Education Center in Indianapolis, US on Thursday in a bid to train American workers and create around 1,000 new jobs in the city. US Vice President Mike Pence was present for the announcement, which came one year after the company made public its intentions of […]
Infosys, an Indian IT services, announced that it will increase the salary of a major portion of its 2 lakhs employees from “mid-single digit to high-single-digit”, starting April onward. Moreover, the firm set aside a special bonus pool worth $10 million that employees will receive as incentives on their variable salary that has been hiking […]
Infosys Ltd, the IT services company announced on Friday that it reached an agreement to make the acquisition of WongDoody Holding Co., a digital creative and consumer insights agency based in America for $75 million. “On 13 April 2018, the company entered into a definitive agreement to acquire WongDoody… for a total consideration of up […]
Infosys, an IT services major, said it made a second investment of $1.5 million in Waterline Data Science, which is a data discovery and data governance software provider company. The Bengaluru-based company first poured $4 million in the US-based firm to obtain stakes in return back in January 2016. After the recent investment, Infosys now […]