Infy unruffled by western worries, says it's biz as usual

Despite the turbulences and uncertainties surrounding the West, 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 tells CNBC-TV18 in an interview.

On the hiring front, Gopalakrishna says, "We are on track. We are continuing to hire and will go for campus recruitment in October. We will hire 45,000 employees for the year as planned. In the US, we are currently recruiting about 1,000 employees per year, which we intend to increase to 2,000 a year. In fact, moving its head of HR Nandita Gurjar to the US is a part of the expansion plan and may not be short-term in nature." Further, he goes on it say that the company will strengthen its human resource practices in the US and Europe. Only recently, CNBC-TV18 reported that a third complaint had been filed by an employee in Infy