Wal-Mart Stores Inc, the world`s largest retailer, has picked three IT vendors including Infosys Technologies for multi-year contracts worth over USD 600 million, an Indian financial daily said on Friday.
As many as five Indian firms, including ICICI Bank and Infosys, have made it to the list of top 12 companies in the Asia
Pacific region for being instrumental in building leadership capability within their organisation.
In the wake of turbulent economic situation, the banking sector in US was looking at innovation as being very important to improving efficiency and pursuing growth, a report released by Infosys Technologies said on Wednesday.
Bolstered by pricing stability, bellwether IT company Infosys on Friday posted 7.5 percent growth in profit for the second quarter and projected an increase in income for the entire fiscal but expressed concerns over currency fluctuations.
The Bombay Stock Exchange benchmark index Sensex on Friday added nearly 120 points in opening trade, extending yesterday`s gains after IT bellwether Infosys announced better-than-expected quarterly results.
Infosys Technologies Ltd has projected revenue of Rs.54.76 bn (Rs.5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 percent year-on-year (YoY).
India may be the second-fastest growing economy in the world, but it faces the challenge of constantly being innovative and creating global brands, Infosys co-founder and chief mentor N R Narayan Murthy said.