Indian IT major, Infosys Technologies, has reported a net profit of Rs 1540 crore of the second quarter of the FY 09. It has posted a Rs 1527 crore in the similar period last quarter.
 
The net sales stand at Rs 5585 crore in the September quarter whereas it is Rs 5472 crore when considered ...

According to the reports, the IT Special Economic Zone which is being developed by the Indian software giant, Infosys, in Thiruvananthapuram, is all set to start functioning. The IT SEZ has been developed on a plot of 50 acres, near to the Technopark IT campus at Thiruvananthapuram.
 
M. ...

Infosys Technologies, the Indian IT major, has plans to acquire companies located in Europe, Latin America, the Middle East, Japan and Australia.
 
"The size of the company should be around $450-500 million," Infosys chief executive and managing director S. Gopalakrishnan told ...

According to Infosys CEO and MD, Kris Gopalakrishnan, The recession hit IT industry would show positive signs of recovery by mid-2010. He also added that Infosys will consider diversification only after this.
 
According to him, "It is better to wait and understand that the recovery is ...

Infosys Technologies does not have any plans to elect a co-chairman anymore. The earlier co-chairman of the IT giant, Nandan M. Nilekani, had resigned from the post, last month to head the Union government’s UID programme.
"There will be no co-chairman for now as there is no other ...

Infosys Technologies Ltd posted a net profit of Rs.15.27 billion (Rs.1,527 crore) in the first quarter (April-June) of this fiscal (2009-10), registering 17.3% year-on-year (YoY) growth as per the Indian accounting standard.
In a regulatory filing Friday, the IT bellwether said the consolidated ...

Indian IT majors Infosys and Wipro are looking to tap the growing rural outsourcing market. Infosys BPO plans to tie up with service providers having presence in rural areas and small towns for domestic operations.

The revenue-share model would have the company getting the customers and the ...

Infosys Technologies has decided to cease wage hike and hiring in the current fiscal year owing to global meltdown. While informing about the new decision, Infosys head of HR, T V Mohandas Pai said that it is the second time that company has decided to freeze wage hike and promotions. He however, ...

With a view to encourage scientific research, IT major Infosys Technologies announced the launch of Infosys Science Foundation in Bangalore on Tuesday (February 17). The Science Foundation will give a prize of Rs 50 lakh each to five young Indian scientists in recognition of their contributions and ...

In a bid to strengthen its company profile, India-based Infosys Technologies has acquired a five-year global services contract from British pharma major AstraZeneca. Under the new deal, Indian IT company will offer application maintenance services to AstraZeneca's global operations in ...

Indian IT superking Infosys Technologies Limited figures in the newly launched Global Dow index of 150 leading bluechip stocks. A statement released by the Infosys on Wednesday (November 19), said that the company has been selected as an original component member of the Global Dow, a new worldwide ...

National Association of Software and Service Companies (Nasscom) has conferred the corporate excellence awards to Infosys Technologies and IBM India. Infosys Technologies has received the award in the IT services and product companies category while IBM was honoured for the most innovative project ...

Infosys Technologies Australia has appointed Jackie Korhonen as its new CEO on November 17, 2008. The Vice -President of IBM Australia-New Zealand, Korhonen will replace Gary Ebeyan after he decided to leave the company. Korhonen will take over the responsibility of Infosys CEO on ...

Dubai's Mercator and Indian IT major Infosys have signed a three-year partnership deal to establish an offshore development centre in Chennai. Mercator is a business technology provider company operating in the United Arab Emirates (UAE). According to a statement issued to media by Mercator, the ...

In order to restrict indiscriminate losses in the distribution of electricity through out India, Infosys Technologies Ltd has come out with a full proof plan. The IT company has drafted the hi-tech plan in collaboration with the Bangalore-based Centre for Study of Science, Technology and Policy ...

India's most successful telecom service provider Bharti Airtel has decided to enter into a strategic partnership with IT major Infosys Technologies Ltd. The new deal is aimed at providing digital TV viewing on a DTH (direct to home) platform. Under the new deal, Airtel will be getting all the ...

LIC has signed the largest group insurance policy with Infosys Technologies worth Rs 24,000 crore. The policy covers 97000 employees of Infosys and under it, the next of kin of each Infosys employee would, depending on the rank, be eligible to get anywhere between Rs 20 -80 lakh in the event of ...

UK-based SAP consulting company, Axon Group is in bid process and two major IT companies from India are in race for it. Infosys has already bid for it, and HCL is looking to do a counter bid. Sources divulged that HCL Tech has appointed Merrill as advisor and StanChart as financiers to the counter ...

Infosys and Wipro are in the Forbes' list of 50 best listed companies in the Asia-Pacific region. Out of fifty companies, ten are from India. India's BHEL is at fifth rank; on the other hand Bharti Airtel is ranked sixth in the list.  No other company from India could make into the top ten ...

To fulfill its objective of continued expansion of consulting capabilities Infosys will buy Axon Group of UK. According to media reports Infosys Technologies on Monday disclosed that it was buying UK-based consultancy services firm Axon Group. The deal is in all cash, and will have value of ...

Infosys Technologies, the second largest software exporter in India, is investing Rs 1,250 crore to establish a new campus in Hyderabad. As revealed by NR Narayana Murthy, chairman of the board and chief mentor of Infosys, this new campus would be the company’s largest facility in the world. ...

Guess who gets paid the best at Infosys? This would come as a surprise to many but it is the human resources head, TV Mohandas Pai of Infosys who takes homes the fattest pay package.  Pai’s salary and bonus, infact, is the highest among all the board of directors of the company and this ...