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Computers - Software News

  • TCS buyback on Board agenda today. Here is what to expect

    TCS buyback on Board agenda today. Here is what to expect   

    The company's networth stands at USD 12.4 billion. According to buy back rules, if TCS wants to avoid a shareholder nod, it can opt for a 10 percent buyback of shares which would be arounf USD 1.24 billion. With a shareholder appr...

    20 Feb 2017, 10.04 am  |  Source: CNBC-TV18

  • Indian IT industry faces twin challenges of Trump, automation

    Indian IT industry faces twin challenges of Trump, automation  

    The sector, led by Tata Consultancy Services, Infosys Ltd and Wipro Ltd, is lobbying hard as the new US administration under President Donald Trump considers putting in place visa restrictions.

    18 Feb 2017, 1.49 pm  |  Source: Reuters

  • Infosys row: Sebi says will not spare anyone if found guilty

    Infosys row: Sebi says will not spare anyone if found guilty  

    "Any input that we receive from any source is taken to its logical end. Sebi does not believe that just because some allegations have been made, it is true," Sinha told reporters at the international conference of commodity deriva...

    18 Feb 2017, 12.54 pm  |  Source: PTI

  • Will take decision on buyback at an appropriate time: Infosys

    Will take decision on buyback at an appropriate time: Infosys  

    The statement comes at a time when Indian IT companies are under increasing pressure from investors to look at utilising large amounts of cash on their books either through share buyback or generous dividend.

    16 Feb 2017, 7.56 pm  |  Source: PTI

  • Not much has changed in IT since last Nasscom guidance: Infy

    Not much has changed in IT since last Nasscom guidance: Infy  

    "Nasscom had given guidance in November last and between November and now things have not changed. There was a feeling that let us wait till April when most of the major companies start giving their annual results, that would be t...

    16 Feb 2017, 7.10 pm  |  Source: PTI

  • COMMENT: Do share buybacks of IT companies endorse mediocrity?

    COMMENT: Do share buybacks of IT companies endorse mediocrity?  

    There is certainly pressure on IT companies to do their investors a good turn. But the question one needs to ask is whether share buybacks really help the company perform better in the long-term. The answer is a clear no.

    16 Feb 2017, 6.46 pm  |  Source: Moneycontrol.com

  • NASSCOM Summit: Midcap IT CEOs discuss buyback, growth plans

    NASSCOM Summit: Midcap IT CEOs discuss buyback, growth plans   

    The country's midcap IT companies chiefs are of the view that share buybacks by companies must be backed well with a proper cash expenditure plans.

    16 Feb 2017, 4.21 pm  |  Source: CNBC-TV18

  • Slowdown in IT? Don`t fret, say Mukesh Ambani and TCS` Chandra

    Slowdown in IT? Don't fret, say Mukesh Ambani and TCS' Chandra  

    While RIL Chairman Mukesh Ambani said the US' protectionist policies could be a blessing disguise for Indian IT, Chandrasekaran said he was not in the 'doom and gloom club'.

    16 Feb 2017, 3.45 pm  |  Source: Moneycontrol.com

  • After TCS, Infosys says buyback to happen at `appropriate time`

    After TCS, Infosys says buyback to happen at 'appropriate time'   

    Speaking to CNBC-TV18, UB Pravin Rao, Chief Operating Officer at Infosys, said all options were being explored and that the company's board would decide on the timeline of the buyback and the cap allocation policy.

    16 Feb 2017, 2.21 pm  |  Source: CNBC-TV18

  • Rakesh Jhunjhunwala offloads stake in Intellect Design Arena

    Rakesh Jhunjhunwala offloads stake in Intellect Design Arena  

    In a filing to the BSE, Jhunjhunwala said, "On February 14, I along with persons acting in my concert (Rekha Jhunjhunwala) have sold 42.50 lakh shares (4.20 percent) of Intellect Design Arena".

    16 Feb 2017, 11.58 am  |  Source: PTI

  • TCS share buyback will put pressure on other IT firms: Analysts

    TCS share buyback will put pressure on other IT firms: Analysts   

    India's largest software company confirmed this morning that it would consider doing a buyback on February 20.

    16 Feb 2017, 9.28 am  |  Source: CNBC-TV18

  • TCS board to consider buyback on February 20

    TCS board to consider buyback on February 20  

    India's largest software company, TCS, confirmed this morning it would consider doing a buyback on February 20, in line with recent calls by investors that IT companies look for ways to return excess cash to shareholders.

    16 Feb 2017, 8.15 am  |  Source: Moneycontrol.com

  • EXCLUSIVE: Here`s why N Chandrasekaran is bullish about TCS and IT sector

    EXCLUSIVE: Here's why N Chandrasekaran is bullish about TCS and IT sector   

    Tata Sons Chairman Designate Natarajan Chandrasekaran, under whom IT major Tata Consultancy Services grew from strength to strength, has quashed concerns over US visa troubles the industry is anticipating. “I am not in the gloom...

    15 Feb 2017, 9.46 pm  |  Source: CNBC-TV18

  • Mindtree sees a 2-2.5% impact on margins on H1-B visa bill

    Mindtree sees a 2-2.5% impact on margins on H1-B visa bill    

    Given the indication that we have seen till now, look at the deal signings we had in the last quarter, all indications are 2017 should be better than 2016, said Parthasarathy NS, COO, Mindtree.

    15 Feb 2017, 4.45 pm  |  Source: CNBC-TV18

  • No solution on debt restructuring yet, says Rolta

    No solution on debt restructuring yet, says Rolta   

    Speaking to CNBC-TV18, KK Singh, Chairman and Managing Director of Rolta India, said a conscious decision to decline contracts for third party-based projects had contributed to a flattish third quarter.

    15 Feb 2017, 1.48 pm  |  Source: CNBC-TV18

  • Analysts back Sikka: `Founders must accept Infosys not their co`

    Analysts back Sikka: 'Founders must accept Infosys not their co'  

    Prominent investors and broking firms have chosen to side with the Infosys board in the ongoing tug-of-war between the company’s founders and the board.

    15 Feb 2017, 12.53 pm  |  Source: Moneycontrol.com

  • Infosys corporate governance began slipping pre-Sikka: IiAS

    Infosys corporate governance began slipping pre-Sikka: IiAS  

    Corporate governance standards at Infosys had begun slipping prior to the appointment of CEO Vishal Sikka, said a report by proxy advisory firm Institutional Investors Advisory Services.

    15 Feb 2017, 8.39 am  |  Source: Moneycontrol.com

  • Infosys delayed recording minutes of Bansal payout till January

    Infosys delayed recording minutes of Bansal payout till January  

    The severance pay to Rajiv Bansal and the hike in CEO Vishal Sikka’s pay are at the heart of the corporate governance row at Infosys between the board and the co-founders

    15 Feb 2017, 5.59 am  |  Source: Moneycontrol.com

  • Infosys chief reaches out to Narayana Murthy to contain damage

    Infosys chief reaches out to Narayana Murthy to contain damage  

    Infosys Chairman R Seshasayee on Tuesday said he has reached out to the company's billionaire co-founders to see that the rift between them and the management over corporate governance issues does not spill into the open.

    14 Feb 2017, 9.42 pm  |  Source: PTI

  • Read: Infosys board`s point-by-point rebuttal to founders` charges

    Read: Infosys board's point-by-point rebuttal to founders' charges  

    On Monday, the company's board led by chairman R Seshasayee held a press conference to specifically answer the charges of corporate governance violations that it has been accused of.

    14 Feb 2017, 12.04 pm  |  Source: Moneycontrol.com

  • Sikka`s `warrior` quip: Analyst warns Infosys strife may worsen

    Sikka's 'warrior' quip: Analyst warns Infosys strife may worsen   

    Speaking to CNBC-TV18, Girish Pai, Head of Research at Nirmal Bang Institutional Equities, said it was clear that there is still friction between the Infosys board and the company's founders.

    14 Feb 2017, 9.22 am  |  Source: CNBC-TV18

  • Shareholder interest will be Infosys board`s priority: Chairman

    Shareholder interest will be Infosys board's priority: Chairman  

    The board seemed to be clear that in a widely held company like Infosys, the fiduciary responsibility rested with the board. The key message that the board sought to convey on Monday that Infosys is now a professionally run compan...

    13 Feb 2017, 10.53 pm  |  Source: Moneycontrol.com

  • Disappointed with Infy`s explanation on issues: Balakrishnan

    Disappointed with Infy's explanation on issues: Balakrishnan  

    Infosys former CFO V Balakrishnan today said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to ta...

    13 Feb 2017, 10.36 pm  |  Source: PTI

  • Infosys needs to make CFO payout probe public: Mohandas Pai

    Infosys needs to make CFO payout probe public: Mohandas Pai   

    Corporate governance is an issue of trust and that has to be solved – trust has been broken, which needs to be bridged, said Mohandas Pai, Former HR Head at Infosys told CNBC-TV18.

    13 Feb 2017, 10.33 pm  |  Source: CNBC-TV18

  • I am a kshatriya warrior, says Sikka

    I am a kshatriya warrior, says Sikka   

    Infosys CEO Vishal Sikka said the developments over the past week didn’t weigh him down. Meanwhile, Infosys Chairman R Seshasayee ruled out the need to revisit the disclosures made when CFO Rajiv Bansal left the company.

    13 Feb 2017, 10.21 pm  |  Source: CNBC-TV18

  • Elected by shareholders, have a job to do: Seshasayee

    Elected by shareholders, have a job to do: Seshasayee  

    With a clutch of high-profile co- founders gunning for the Infosys board, Chairman R Seshasayee today appeared defiant in the face of biggest crisis at India's second-largest IT firm, saying he has been elected by shareholders and...

    13 Feb 2017, 9.22 pm  |  Source: PTI

  • For the first time, Infosys logs drop in hiring

    For the first time, Infosys logs drop in hiring  

    Jayesh Ranjan, Secretary of IT Department, quoting Murthy, said the Bengaluru-based IT bellwether had recruited about 6,000 people so far in the current fiscal as against 20,000 to 25,000 every year.

    13 Feb 2017, 8.54 pm  |  Source: PTI

  • Infosys should focus on long term goals, says pro

    Infosys should focus on long term goals, says pro   

    Trip Chowdhry, Managing Director - Equity Research at Global Equities Research, said that rather than wasting time and money on issues like CEO Vishal Sikka's package Infosys should focus on its long term targets.

    13 Feb 2017, 8.25 pm  |  Source: CNBC-TV18

  • Infosys defends ex-CFO severance pay; says wasn`t `hush money`

    Infosys defends ex-CFO severance pay; says wasn't 'hush money'   

    "The concerns raised over CFO Rajiv Bansal's severance pay are valid.... But they said it was hush money, which was deeply disturbing," said Infosys Chairman R Seshasayee.

    13 Feb 2017, 7.25 pm  |  Source: Moneycontrol.com

  • Infosys Live Updates: Ex-CFO`s severance payout wasn`t `hush money`, says Seshasayee

    Infosys Live Updates: Ex-CFO's severance payout wasn't 'hush money', says Seshasayee   

    Tune in for live updates on the Infosys story.

    13 Feb 2017, 5.55 pm  |  Source: Moneycontrol.com

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