Tag "Infosys"

Wipro’s Azim Premji’s salary fell 63pc as profits decline

By : CIOL Writers

Wipro Chairman Azim Premji salary saw a huge 63 percent fall at $1,21,853 (about Rs 79 lakh) last fiscal with no commission being paid during the year. As India’s third-largest software exporter saw a slowdown in profits, it had a direct repercussion

Infosys enters strategic alliance with HP to accelerate digital transformation in the retail industry

USA: Infosys and HP launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program. Adopting new technologies is

Infosys, Wipro and 5 other IT firms reportedly to lay off over 50K employees this year

By : CIOL Writers

Indian IT sector would be witnessing mass layoffs in 2017 that could reach over 50,000. Apparently, 7 of the biggest IT firms are planning to hand over pink slips to at least 56,000 employees this year, reports Livemint. In the wake of US

Infosys to hire 10,000 US workers to wade through H1B visa woes

US: Infosys today announced that it plans to hire 10,000 American workers over the next two years- a step that is believed to be part of the company’s efforts to overcome the visa-related woes. US president Donald Trump recently signed

Infosys launches new artificial intelligence platform ‘Nia’ to solve business problems

USA: Building on the success of its first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge, for which Infosys has 50+ clients and 150+ engagements across all industry sectors, Infosys has now launched Nia, the next-generation Artificial Intelligence Platform.

Infosys lowers guidance for FY18 as Q4 revenue dips; attrition was high in FY17

BANGALORE, INDIA: Infosys today posted a profit of Rs 3,603 crore for the quarter ended March 31, 2017, with a QoQ decline of 2.8 per cent  against Rs 3,708 crore in previous quarter. The revenue also saw a decline of 0.9 per cent

Infosys posts 0.2pc decline in Q3 revenue, cuts FY17 revenue guidance

BANGALORE, INDIA: Infosys has lowered its FY17 revenue guidance to 8.4%-8.8% from 8.0%-9.0%  in constant currency after it reported a revenue dip of 0.2 percent (decline of 0.3% in constant currency terms) to Rs 17,273 crore in the quarter ended in December

Infosys partners MongoDB to tap customers with the application modernization needs

BANGALORE, INDIA: Infosys and MongoDB announced a global partnership designed to help enterprises accelerate their digital transformation and application modernization initiatives with next generation database solutions. Infosys and MongoDB will help new and existing customers address the key pain points of cost, performance

Infosys invests an undisclosed amount in Indian drone startup ideaForge

By : CIOL Writers

Drone startup ideaForge, founded by three IIT Bombay graduates has secured an undisclosed amount of investment from India’s second largest software services firm Infosys. Though Infosys is yet to provide more details, the investment is subject to receipt of regulatory

Infosys to invest Rs 31.6cr in Stellaris Venture Partners

By : CIOL Writers

Infosys has announced that it will invest Rs 31.6 crore in Stellaris Venture Partners, an early-stage venture fund. “The investment is towards the first close of Stellaris’ fund and will be made by December 15,” the IT firm said in

Infosys loses RBS contract, to reallocate 3,000 employees in to other projects

BANGALORE, INDIA: Infosys has lost out on a 5-year deal worth 300-million Euro from Royal Bank of Scotland(RBS) as the bank decides to cancel a project to set up a separate bank in the UK, for which Infosys was a

Kerala’s Startup Village named India’s best incubator

By : CIOL Writers

Startup Village, which has supported nearly 590 physical and virtual incubatees in Kochi and 200 in Visakhapatnam, has been named India’s best startup incubator by the Entrepreneur Magazine in their list of 100 best startup incubators in India. “It is a

Infosys reshuffles top executive line after poor Q1 performance

By : CIOL Writers

It is becoming a norm to reshuffle top executives whenever a company finds itself in rough waters. Following in the footsteps of Flipkart, Infosys, which reported a poor first-quarter performance, has swiftly executed a restructure in its top management team

Infosys re-launches employee stock option to contain attrition

By : CIOL Writers

In a bid to rein in rising attrition that stood at 21 percent in the April-June 2016 quarter, Infosys has re-launched employee stock option plan (ESOP) for junior to middle-level management staff, more than a decade after the company withdrew

Infosys slashes revenue guidance, blames slow growth in large deals

BANGALORE, INDIA: IT major Infosys has disappointed the market today by lowering its constant currency revenue guidance for the year to 10.5-12.0 per cent from 11.5-13.5 per cent. Brexit has created an uncertainty in the near term for all the

Infosys introduces app to control AC temp for its employees

By : CIOL Writers

Does it get annoyingly cold in your cubicle? If you are an Infosys employee in Mysore, you wouldn’t complain about it. The company has introduced a third-party app called Comfy to help its employees Mysuru campus to monitor and personalize

IT employees in Tamil Nadu can now be part of unions

By : CIOL Writers

The dismissal of hundreds of employees by Tata Consultancy Services last year has come to haunt the entire Information Technology sector in Tamil Nadu, as the state has clarified that the IT companies will now be covered by the Industrial

Paytm’s payments bank will run on Infosys Finacle CBS

BANGALORE, INDIA: Paytm will use Infosys Finacle Core Banking solution for its new payments bank business. Paytm will leverage Finacle’s proven platform for its deposit products and payments platform, enabling it to rapidly roll out innovative offerings. Its Modern APIs

Wipro gives better pay raise than rivals, TCS & Infosys

Soma Tah The IT services major, Wipro today has announced 9.5% pay raise to employees in India this year, effective June 1, 2016. The average pay raise is 9.5% for offshore employees and 2% for onsite employees. “High performers will

Lenskart D round funding: 400 crore

By : CIOL Writers

Lenskart, an Indian eyewear online portal, has raised a Series D round of investment of Rs.400 crore ($60 million) from World Bank arm IFC, Ratan Tata and Infosys co-founder Kris Gopalakrishnan, the firm said in a press release on Wednesday.