Sikka‘s purchase of Panaya, which will help automate some of the work now done by staff, sends a signal that the Indian IT industry is fast reaching the limits of growth through manpower additions alone.
CLSA's Joshi said last year in his open letter that company's business model is neither capex nor working capital heavy. He was worried that Infosys' growing scale and emphasis on developing capabilities organically made a large acquisition unlikely.
Infosys Technologies, darling of the markets in the last quarter, has promised zero growth in dollar revenues in the January-March quarter of 2012 for various reasons â€” especially the uncertain prospects for global growth.
Shruti Shibulal, the daugher of Infosys co-founder SD Shibulal found her true calling at 'Tamara Coorg', away from the world of technology and consulting serivices, when she forayed into the hospitality world.
Adi Godrej, chairman, Godrej Group and president, CII and Kris Gopalakrishnan, co-chairman of Infosys Technologies and president-designate, CII, on CNBC-TV18, explain the reasons for the upbeat mood on 2013.
There was a time when every reference to Infosys was about how well the company was doing. Over the last two-three years, the narrative has changed. All eyes are now on the new CEO SD Shibulal and his new strategy
One of India's finest leaders, NR Narayana Murthy reminisces about setting up Infosys and the bold decisions that helped the software giant succeed
Tata Crucible, the coporate edition 2011 brings to you coporates in the country from more than 18 cities fighting out for the top position.
Infosys Technologies is close to acquiring Thomson Reuters' healthcare business for USD 700-750 million, the Business Standard newspaper reported.
Kris Gopalakrishna, executive co-chairman of Infosys Technologies says that feedback suggest that clients are not planning to cut budgets. "We are almost done with budgets for this year and a review may happen only next year. Even if they are pruned, it could be by 5%. Growth may come down but we will still grow," he says
IT major Infosys Technologies today unveiled TalentEdge, a comprehensive talent management platform that helps to reduce the operational costs of companies.
IIFL is bullish on Infosys Technologies and has recommended buy rating on the stock with a target of Rs 2750 in its July 19, 2011 research report.
Second largest software services exporter Infosys is expected to post profit after tax of Rs 1,736 crore in first quarter FY12, a 4.5% fall as compared to Rs 1,818 crore in previous quarter, according to CNBC-TV18 estimates.
Sharekhan has come out with its report on Stock Ideas.
Infosys Technologies has target of Rs 2950, says VVLN Sastry, Firstcall India Equity.
TCS can go down to Rs 1055, says Anu Jain, IIFL Private Wealth Management.
Amit Gupta, Chief Manager- Derivatives -ICICI Securities views on IT stocks.
Mukesh Ambani's Reliance Industries is likely to pay advanced tax of Rs 900 crore in the first quarter (April-June), compared with Rs 650 crore tax it paid in the year ago quarter, CNBC-TV18 said quoting sources.
Infosys Technologies touched an intraday high of Rs 2,862.00 and an intraday low of Rs 2,834.60. At 10:25 hrs the share was quoting at Rs 2,836.00, down Rs 37.45, or 1.30%.
Siddharth Bhamre, Angel Broking is of the view that one can buy Infosys Technologies on any decline.
The BSE Sensex shed 0.6% on Monday as investors braced for a tighter monetary policy this week, which could pile more pressure on slowing corporate earnings.Weak Asian peers that were weighed down by worries over the global economy also added to the negative sentiment, traders said.
Infosys Technologies touched an intraday high of Rs 2,898.40 and an intraday low of Rs 2,830.05. At 14:27 hrs the share was quoting at Rs 2,894.85, up Rs 56.95, or 2.01%.
Infosys Technologies may test Rs 2620-2630, says Shardul Kulkarni, Angel Broking.
Infosys Technologies was among major losers on the Sensex. It touched an intraday high of Rs 2,825 and an intraday low of Rs 2,762. At 13:45 hrs the share was quoting at Rs 2,775, down Rs 70.05, or 2.46%.
Indian software services exporter Infosys Technologies said on Tuesday it received a subpoena from a grand jury in a US district court that requires the company to provide certain documents and records related to B1 business visas.