Infosys spends $76 million to buy Finnish firm Fluido
NEW DELHI: Infosys, one of India’s largest IT services firm, has agreed to spend $76 million to buy Fluido, a Salesforce consulting partner in the Nordics in Europe, the company said on Friday, marking the second acquisition under chief executive officer (CEO) Salil Parekh, who took over nine months ago. Finland-based Fluido is a privately […]
Infosys says increased visa application rejections could result in delays, higher project costs
New Delhi: IT major Infosys has flagged off concerns around increased rejection of work visa applications, and said this could result in delays and increase in project costs for its clients. The Bengaluru-based company has already been ramping local hiring in key markets like the US to tackle increasing scrutiny around work visas by various governments. […]
Infosys plans to expand Pune campus to 35,000 seats
HYDERABAD: Infosys Ltd is in the process of expanding its Pune campus by nearly 4,000 seats to 35,000 and has received necessary environment clearances for the same. In a meeting held in June, an expert appraisal committee under the environment ministry accorded Infosys environmental clearance for the Rs 690 crore expansion plan for its Rajiv Gandhi […]
As Trump seeks to tighten visa rules, Indian IT firms are spending freely to lobby US policymakers
Indian IT companies are the biggest beneficiaries of H-1B visas granted by the United States. As President Donald Trump threatens to tighten the United States’ immigration policies, Indian technology giants are lobbying harder than ever in Washington. In 2017, India’s second-largest information technology services company, Infosys, spent $2,00,000 on lobbying the US Congress, four times […]
Infosys row seen as a Narayana Murthy vs Vishal Sikka personality clash
The trouble at Infosys Ltd is the result of a personality clash between founder N.R. Narayana Murthy and chief executive officer Vishal Sikka that is damaging to both its shareholders and employees. Investors may believe Murthy’s tirade against alleged corporate governance issues at the company is directed against the board; some have described the trouble […]
Will Infosys’s dream run continue in FY17?
Infosys Ltd’s chief executive officer Vishal Sikka has told employees he wants to grow revenue by 16% in 2016-17. That’s materially higher than lobby group Nasscom’s estimate that the industry will grow 10-12% in FY17. But investors shrugged off Sikka’s statement; Infosys shares have been flat in the past two trading sessions. Internal targets are […]
