April 15th, 2017Infosys CEO Vishal Sikka, whose pay package was one of the contentions raised by the founders, has drawn USD 6.68 million (about Rs 43 crore) or 61 per cent of the promised compensation for the 2016-17 fiscal.
Sikka was eligible for a USD 11 million pay including basic salary, variable pay, restricted stock units (RSUs) and...
April 13th, 2017To transform India's economy, there is a need to reduce "friction" in businesses and create an "environment" wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said.
For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that...
April 4th, 2017Bangalore – April 3, 2017: Infosys has the responsibility to attract and retain top quality talent to be effective in the transformation journey that the company has embarked upon. In this context, the company undertook a comprehensive survey of best practices and benchmarked senior management compensation with key Indian and global...
April 3rd, 2017Backing Infosys co-founder N R Narayana Murthy's view on pay hike to COO U B Pravin Rao being "not proper," company's ex-director T V Mohandas Pai today said the salary in this case is "spectacular" but performance is not.
Alleging that Infosys' board was "misguided", Pai said the ""fundamental problem" was the pay hike given earlier...
February 13th, 2017Infosys Chief Executive Vishal Sikka said talk in media on corporate governance issues at the software services firm was "distracting" and that he had good relations with the firm's founders, including N.R. Narayana Murthy.
India's second biggest IT services company, based in the tech hub of Bengaluru, has recently been in an...
January 16th, 2017Infosys CEO Vishal Sikka is working on making employees "more confident" and "creatively innovative" as the country's second largest IT firm marches ahead on its pursuit of USD 20-billion in annual revenue by 2020. From its earlier formal attire-only to casuals on weekdays now, it isn't just the dress code that Sikka, Infosys' first...
December 15th, 2016Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment from its Innovation Fund in Mumbai based ideaForge, an Indian startup focused on Unmanned Aerial Vehicle (UAV) solutions. The total amount invested was 70 crores with participation from other...
November 24th, 2016Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has signed a definitive agreement to a Limited Partner investment of INR 31.6 crores from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first...
November 18th, 2016Infosys a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment of 14.5 Crores in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis.
UNSILO uses a unique combination of machine-learning and natural language processing to...
November 11th, 2016Country's second-largest IT firm Infosys today said it has invested an undisclosed amount in US-based TidalScale.
The California-headquartered firm's solution collates all physical server resources as if it were running on a single large computer to help clients with large computing problems. TidalScale helps companies draw insights...
September 2nd, 2016Infosys Finacle today said it has partnered Huawei to develop a financial cloud solution that will enable banks globally to accelerate digital transformation while keeping technology costs under control.
Infosys Finacle is a part of EdgeVerve Systems, a wholly owned subsidiary of Infosys.
The highly available platform will allow...
August 12th, 2016Infosys co-founder NR Narayana Murthy today said the country was "far, far away" from realising the ambition of developing smart cities, a flagship programme of the Narendra Modi government.
"Since we are far, far away from smart cities, I did not talk about it," Murthy said, when asked why he did not mention the smart city...
