At the 45th Annual General Meeting (AGM) of Infosys on Tuesday, Chairman Nandan Nilekani struck a confident note on the company’s future in an AI-driven world, asserting that artificial intelligence will act as a force multiplier rather than a disruptor for firms that adapt effectively. “AI will not replace a company like ours but amplify … Read more
IT major Infosys‘ largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing, PTI reported.The company plans to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 … Read more
The Goods and Services Tax (GST) investigative arm, Directorate General of Goods and Services Tax Intelligence (DGGI), has given partial relief to IT services major Infosys by closing the tax proceedings for financial year 2017-18 (FY18), the company informed exchanges on Saturday evening. The GST amount during this period was Rs 3,898 crore. The move … Read more
The UK’s Opposition Labour Party has claimed Infosys was effectively granted “VIP access” after a media report alleged the software services major was promised help to grow in Britain due to Prime Minister Rishi Sunak’s familial connection with co-founder Narayana Murthy. A ‘Sunday Mirror’ report based on a freedom of information (FOI) request said Trade … Read more
IT services company Infosys said on Friday that it was cooperating with an Australian government investigation into ‘tainted contracts’. The software major has also reportedly cut off ties with lobbying firm Synergy 360 – which was reportedly paid $16 million over 5 years to help Infosys grow its business in Australia. An investigation was launched … Read more
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday. Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the … Read more
Infosys founder NR Narayana Murthy has said that demand for India IT is on rise and the country must retain its focus on services. In an exclusive interview with ET Now, Murthy said that that he wishes to see new big tech company in India to become much bigger than even Infosys as that is … Read more
I have always believed that performance leads to recognition; recognition leads to respect; and respect leads to power. Therefore, economic performance is the key to India becoming powerful on the global stage. Mahendra Singh Dhoni, the most successful cricket captain of India, demonstrated this well in cricket. Perform, he did. He led the Indian team … Read more