Bengaluru: When a 12-year-old student asked technology czar N R Narayana Murthy, “What should we do to become like you?” the response was both unexpected and deeply inspiring. Murthy, the founder of Infosys, replied: “I do not want you to become like me…I want you to become better than me for the greater good of…
Infosys freshers hiring latest update: Salil Parekh, the CEO of Infosys, has reassured that the company will honor all offers made to freshers and proceed with their joining, despite some changes in the joining dates. His comments to PTI come amidst reports suggesting that Infosys has delayed the onboarding of 2,000 fresh engineering graduates from…
BENGALURU: Salil Parekh looks trim and fit. When we ask him about it, the Infosys CEO & MD says he isn’t getting as much time for fitness as he would like. Infosys probably requires more of his time now. The company, and its peers, are going through a lean phase. Revenue growth is in low…
US-based software major Cognizant TriZetto has filed a lawsuit against Indian tech giant Infosys in a Texas federal court. The lawsuit filed by Cognizant alleges that Infosys has stolen trade secrets related to its healthcare insurance software. New Jersey-based Cognizant has 70% employees based out of India. Infosys has vehemently denied these allegations and has…
Jewellery retailer Bluestone has closed a Rs900-crore financing round that more than doubles the IPO-bound firm’s valuation to $970 million, or Rs 8,100 crore, multiple people aware of the development said. The Accel-backed firm is now set to file the draft red herring prospectus for its initial public offering (IPO) with the stock market regulator…
Infosys, India’s second largest IT services company, has started the fiscal 2024-25 performance bonus pay-outs for eligible employees, with an average of 80% for the first quarter that concluded on June 30. This move is expected to boost the morale of a significant portion of the technology workforce.The average percentage mentioned pertains to the bonus…
Infosys, a major player in the IT services industry, has introduced a ‘power programme’ as part of its campus placement drive, offering packages of up to Rs 9 lakh per annum to select colleges, according to two sources familiar with the development. This is a significant increase from the company’s standard entry-level fresher pay packages,…
Infosys GST notice update: The Indian government has no plans to ease the Rs 32,000 crore ($4 billion) tax demand it issued to Infosys, a government source revealed to Reuters. The tax demand, which aligns with the country’s good and services tax regulations, was sent to the IT services company, which ranks as the second-largest…
A ransomware attack, attributed to the RansomEXX group, hit the National Payments Corporation of India (NPCI) and the connectivity was restored. The Karnataka state tax authorities issued a Rs 32,403 crore GST demand notice to Infosys but withdrew it. Meanwhile, Apple set a new quarterly revenue record in India, new rules for FASTag came into…
BENGALURU: India’s second-largest IT services company Infosys has received a goods and services tax demand of 324.03 billion rupees ($3.87 billion) from an Indian tax authority, a document viewed by Reuters showed. The tax demand relates to services availed by the IT services conglomerate from its overseas branches for five years starting 2017. Infosys did…
