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09 Sep 2015

Infosys says cleared in US visa probe by Labor Department

"Infosys fully cooperated with the (Department of Labor) in this activity," the company told Reuters in a statement, noting the company was confident from the start that it had complied with US immigration laws.

08 Sep 2015

US govt finds no violations in H1-B visa case: Infosys

Infosys fully cooperated with DOL in its investigation, and over 145 files were reviewed, with no violations found, it added.

03 Sep 2015

Nasscom says euro fall may hit revenue from Europe

The USD 150-billion domestic software companies net around 20 per cent of their revenue from Europe, and the large chunk of over 70 per cent from North America.

26 Aug 2015

Vishal Sikka buys 9,116 shares as part of restricted stock units

Country's second largest software services firm Infosys on Wednesday said its chief executive Vishal Sikka has acquired 9,116 shares after partly exercising the restricted stock units awarded to him last year.

03 Aug 2015

HCL Tech tumbles 6% post earnings

Shares of HCL Technologies on Monday plunged 6 per cent after the company reported a decline in consolidated net profit for the fourth quarter ended June 30.

03 Aug 2015

HCL net profit up 14% in fiscal 2014-15

In a regulatory filing to the Bombay Stock Exchange (BSE), the outsourcing firm said revenue for the fiscal increased 12.6 percent YoY to Rs 37,061 crore.

12 Jul 2015

Wipro aims to increase rate of patent filing

According to Wipro's Annual Report 2014-15, it has also set up a USD 100 million corporate venture capital fund to invest in startups as it looks to beef up its digital capabilities.

21 Apr 2015

Wipro Q4 net profit up 2.1% to Rs 2,286.5 crore

“We see strong growth in health care, manufacturing and RCTG verticals,” said Azim Premji, Wipro Chairman.

19 Apr 2015

LIC buys Rs 300 cr Infosys shares in Q4, raises stake to 4.81%

State-owned life insurer LIC has shored up its stake in Infosys to 4.81 per cent, purchasing shares worth over Rs 300 crore in the January-March quarter.

12 Mar 2015

Microsoft investigating Minecraft ban reports

American software company Microsoft has confirmed that is investigating reports that the Government of Turkey is preparing to ban one of its games-Minecraft.

09 Mar 2015

TCS shares fall on weak January-March outlook

TCS reported a 1.9 percent sequential revenue growth in U.S. dollar terms for the fourth quarter of 2013-14 which would put the January-March quarter growth at below current estimates, analysts said.

08 Mar 2015

TCS to construct 860 toilets for girls in schools by 2015-end

Under the first phase, it will be building toilets in 860 schools spread across five districts of Andhra Pradesh, eight of Telangana and two of Bihar, the company said in a statement.

05 Mar 2015

HCL Tech, Tele2 partner to tap M2M,IoT opportunities in Europe

By focusing on the healthcare segment in Europe, the two companies will jointly address one of the fastest growing areas of the M2M and IoT market, HCL Technologies said in a statement.

19 Feb 2015

At $8.7 bn, brand TCS grows fastest among global IT firms

With this, the Tata Group flagship retains the IT industry's highest brand strength rating of AA+, and cements position as one of the top global brands in the industry.

16 Jan 2015

Patents are scourge on software industry: Vishal Sikka

With roots in software products industry, he wondered about the industry's "strange fixation" with patents, which he termed as unproductive for innovation.

20 Nov 2014

IT stocks rise on rupee plunge

IT stocks gained as much as 3 percent today amid the rupee plunging to nine-month low of 62.25 against the dollar, as the stronger US currency boosts the sales of software firms in rupee terms.

17 Oct 2014

Bullish TCS to up campus hiring in FY16 to 35,000

The Tata-group company also said that it is likely to overshoot its overall stated target of hiring 55,000 professionals, including lateral ones, during the ongoing 2014-15 fiscal

06 Aug 2014

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

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.

03 Aug 2014

Challenges aplenty for Sikka at Infosys: Analysts

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.

15 Jul 2014

Microsoft expected to announce job cuts this week: Report

The reductions, expected to be announced as soon as this week, could be in the Nokia unit and the parts of Microsoft that overlap with that business, as well as in marketing and engineering.

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