Ashok Vemuri

A former Infosys executive, Vemuri is the current CEO of Xerox Business Services.

Exclusive Interview: Narayana Murthy questions ex-CFO Bansal's severance payout

Infosys co-founder NR Narayana Murthy has spoken out on 'differences' with the board. In an interview to Network18, he questioned the 30-month severance pay given to former CFO Rajiv Bansal. Hope Bansal was not paid because he had any "damaging information", he added.

Xerox names Ashok Vemuri as CEO of post-split BPO business

Vemuri, who previously headed IT services provider IGATE Corp from September 2013 to October 2015, will join Xerox effective July 1.

Chemistry between Capgemini-iGate instantaneous: A Vemuri

In a bid to expand its footprint in North America, French IT services giant Capgemini Monday said it was set to acquire US based iGate for USD 4 billion.

See better deal pipeline, good traction in BFSI: IGATE

In an interview to CNBC-TV18, IGATE CEO Ashok Vemuri said 2014 has been a transformational year and that the company has been seeing good traction in BFSI & retail segments.

Turnaround plan only by April 2016: Infosys' Vishal Sikka

Sikka said, “I only feel a tremendous sense of excitement and privilege to help take this iconic company.”

IGATE Q3 net up 17% at $37.3 mn

The New Jersey-headquartered company had posted a net profit of USD 31.9 million in the year-ago period, it said in a statement.

Infy Q3 PAT may rise 14%, FY14 guidance key: CNBC-TV18 Poll

Analysts believe the full year dollar revenue guidance (FY14) is the key to watch out for. According to them, if the company does not increase the guidance then the stock may see knee-jerk reaction.

Will Bala's exit hamper Murthy's revival plan for Infosys?

Murthy himself said it would be hard to 'imagine an Infosys without Bala's commitment and passion‘.

iGATE inks credit pact for $360 mn loan facility

Under the credit facility, the first commitment amount is of USD 270 million at an interest rate of about 3.5 percent with a maturity period of 60 months.

Stephen Pratt Quits Infosys; 6th senior exit in 5mths

Stephen Pratt had played a key role in building the consulting business for Infosys and was a member of the executive council.

Infosys Results: Attrition rate jumps to 17.3% in Sept quarter

During the period, the IT major's attrition rate increased to 17.3 percent compared to 16.9 percent in the June quarter. It saw net addition of 2,964 employees in the quarter. Overall, 12,168 employees joined Infosys and its subsidiaries during the second quarter.

After Infosys, Vemuri set to steer iGate growth story?

With iGate posting a better-than-expected results in the third quarter, CEO of iGate has brought much needed relief to the shareholders of the information technology services provider.

iGATE to pay CEO Vemuri more than twice his Infosys package

In 2012-13, Vemuri drew a basic salary of Rs. 3.89 crore (USD 708,000) along with a bonus of Rs. 1.02 crore (USD 190,978) at Infosys, taking the total to Rs. 4.91 crore.

Vemuri exit: Infosys continues to lose senior talent

Infosys insiders say V Balakrishnan's prospects for the top job brightened after Murthy's return to Infosys, prompting Vemuri to look elsewhere for a similar position.

iGate names former Infosys board member Ashok Vemuri as CEO

iGate Corporation named Ashok Vemuri as its chief executive officer (CEO). Vemuri previously served as the Americas head and global manufacturing chief of Infosys.

Ashok Vemuri likely to be next iGate CEO

Sources in the executive council (EC) at iGate reveal that Ashok Vemuri has emerged as the frontrunner for the post of CEO of the company. The board of the IT solutions firm will take a call based on a shortlist prepared by the EC, reports CNBC-TV18's Kritika Saxena, quoting sources.

Infosys falls, Vemuri's exit casts doubt on co's leadership

According to CLSA, exit of two key managers spiked Murthy's turn around efforts as Infosys is already challenged on multiple counts. The brokerage house which has set target price for the stock at Rs 3,550 a share with a buy rating says," Valuations are unlikely to rerate till stability is back at the top.”

Infosys board member and Americas head Ashok Vemuri resigns

Vemuri, who was also the company's global head of manufacturing and engineering services, was widely considered to be a contender for the top job at the company when current chief executive S.D. Shibulal's term ends in 2015.

Expect attrition rate to fall in next few qtrs: Infosys

SD Shibulal, MD & CEO at Infosys is a pleased man after the IT bellwether surprised the street with better-than-expected numbers. He confirmed that responsibilities of Basab Pradhan, who left the company recently, have been given to Ashok Vemuri.

Is Infosys grooming CFO Balakrishnan for the top job?

Infosys has had a string of misses last few quarters and again disappointed on Friday with Q2 results barely in-line with street expectations and a deeper cut in full year EPS guidance. But even as the street was crunching the numbers, it sprang a surprise by announcing that V Balakrishnan, its CFO, would be giving up his post from Oct 31.

Infosys to hire 2,000 people in US by year-end

Country's second largest software firm Infosys today said it plans to hire close to 2,000 people in the US by the end of this year.

Why did Infosys cut its FY12 dollar guidance?

IT major Infosys reported a better than expected numbers in the third quarter of FY12. However, the company disappointed with its dollar revenue guidance for the fourth. In an interview to CNBC-TV18, the management discuss the quarter gone by and give their outlook going forward.

See sequential growth of 2% in Q4: Infosys

Infosys' performance in the December quarter has been tad below street estimates. The company has reported consolidated net profit at Rs 1,780 crore as against Rs 1,737 crore in previous quarter, a growth of 2.48% (based on IFRS - International Financial Reporting Standards).