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
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
"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
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
"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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
"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
Tune in for live updates on the Infosys story.
13 Feb 2017, 5.55 pm | Source: Moneycontrol.com