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Ex-IT honchos raise second round of funding

Last Updated: Friday, August 08, 2014, 16:59

Exfinity Technology Fund, promoted by former IT honchos of Infosys, Wipro and I-flex, Friday announced raising Rs.25 crore in the second and final round of funding exercising the green shoe option.

IT stocks fall after Cognizant cuts revenue guidance

Last Updated: Thursday, August 07, 2014, 12:43

Infosys' scrip ended the day 1.68 percent lower, while TCS was down 1.56 percent on the BSE.

Pai, Bala, Prahlad ask Infy to buy back shares worth Rs 11k

Last Updated: Wednesday, August 06, 2014, 17:23

The former executives are seeking Rs 3,850 a share, which is a premium of 7.7 percent over the company's closing price of Rs 3,574 on Wednesday.

Former Infosys officers call for $1.8 billion buyback

Last Updated: Wednesday, August 06, 2014, 11:26

The demand comes at a time when Infosys is in the middle of the biggest leadership transition in its history.

Challenges aplenty for Sikka at Infosys: Analysts

Last Updated: Sunday, August 03, 2014, 12:34

For 2014-15, Infosys retained its conservative revenue guidance of 7-9 percent in dollar terms and 5.6-7.6 percent in rupee terms, much below Nasscom's industry growth outlook at 13-15 percent in dollar terms.

Infosys to focus on start ups, IP, Products & Platforms: Sikka

Last Updated: Friday, August 01, 2014, 17:32

Vishal Sikka, the first non- founder and outsider to lead Infosys, today said the country's second largest software services firm will focus on intellectual property, products and platforms in an effort to revive the lost glory of the once IT bellwether.

Infosys' new CEO Sikka says to improve business with new growth avenues

Last Updated: Friday, August 01, 2014, 13:43

Vishal Sikka took charge of India`s second-biggest IT services provider as Chief Executive on Friday.

Infosys gets first non-founder CEO; Sikka era begins today

Last Updated: Friday, August 01, 2014, 09:29

Vishal Sikka replaces S D Shibulal, last among the co-founders to hold the CEO post.

Infosys to focus on innovation, new solutions: Sikka

Last Updated: Wednesday, July 30, 2014, 21:56

Sikka, whose appointment as CEO and MD of Infosys was approved by shareholders, also said he would continue and grow the culture and the processes at the company, which was set up in 1981.

Infosys wins multi-year data centre deal from Daimler AG

Last Updated: Tuesday, July 22, 2014, 16:06

Under the agreement, the firm has completed successful transition to take over operation of European data centres of the automobile maker, it said.

Infosys co-founder donates $1.8 mn for brain research

Last Updated: Thursday, July 17, 2014, 15:17

In January, Gopalakrishnan had donated Rs 225 crore to set up a brain research centre in a joint effort between IISc and a trust formed by him and his wife.

LIC hikes stake in Infosys; buys shares worth Rs 1,100 cr

Last Updated: Sunday, July 13, 2014, 19:11

State-owned life insurer LIC has shored up its stake in Infosys to 3.82 percent, purchasing shares worth about Rs 1,100 crore in the April-June quarter.