Free Press Journal
  • Petrol, realty could be under GST in future

    New Delhi : The GST Council will consider bringing electricity, petroleum products and some other items under the ambit of the GST in the future, Bihar Finance Minister Sushil Modi said on Thrusday. “Electricity, real estate, stamp duty and petroleum products should become part of the GST. This would be our (GST Council) endeavour,” he said at the annual meet of the industry chamber FICCI. He, however, said it would be difficult

  • Nine firms take Rs 81,804 crore hit in their market capitalisation

    New Delhi : The combined market valuation of nine of the top 10 most valued Indian companies diminished by Rs 81,804.34 crore last week, with Mukesh Ambani-led Reliance Industries Ltd (RIL) taking the biggest hit. Barring Maruti Suzuki India, rest of the nine companies including, State Bank of India (SBI), Infosys, Tata Consultancy Services (TCS) and HDFC suffered losses in their market capitalisation (m-cap) for the week ended Friday.

  • Infosys hires Salil S. Parekh as CEO and MD

    New Delhi: IT major Infosys on Saturday announced appointment of Salil S Parekh as Chief Executive Officer (CEO) and Managing Director effective January 2, 2018.

  • Infosys to train employees in self-driving car engineering

    Bengaluru, IT major Infosys on Thursday announced plan to train its employees in self-driving car engineering technology in partnership with online learning company Udacity. The programme, known as Udacity Connect, a combined in-person and online training offering, will give Infosys employees the skills needed as the company continues to focus on autonomous technology across a range of industries, including automotive, manufacturing and mining, the IT major said in a statement.

  • Best Indian Brands: Tata tops list, Reliance at 2nd spot

    Mumbai : Indian conglomerate Tata Group has topped the table in the 2017 Best Indian Brands Report released by brand consultancy firm Interbrand India. The salt-to-software conglomerate has topped the brand league table for the fifth consecutive year and its brand valuation stands at Rs 73,944 crore, despite registering a marginal 0.4 decline this year. Mukesh Ambani-led Reliance Industries pipped telecom major Airtel to grab the second spot, driven by the launch

  • Murthy disappointed with Infosys Board

    Infosys’ board under the leadership of   Nilekani, said it had found no wrong-doing in the company’s $200-mn acquisition of  Panaya and severance it paid to  ex-CFO.

  • IT jobs: Infosys to hire 6,000 engineers over next 2 years

    New Delhi : Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last financial year, according to a top company official. The country’s second largest software services firm has also ramped up its hiring process in the US and European markets as it looks to tap opportunities and tide over visa- related issues. “…We continue to recruit. This

  • Infosys founders offer shares worth Rs 2,038 cr for buyback

    New Delhi : Infosys promoters, including iconic co-founders N R Narayana Murthy and Nandan Nilekani, have offered to sell as many as 1.77 crore shares — worth up to Rs 2,038 crore — in the company’s Rs 13,000 crore buyback offer. The promoters group — which includes most of the founders and their families — have expressed their intention to be part of the company’s first buyback plan in its over three-decade

  • Infosys row: Seshasayee hits back at Narayana Murthy

    Bengaluru: Terming Infosys founder N.R. Narayana Murthy’s charges against him “patently false”, the IT giant’s former non-executive Chairman R. Seshasayee on Friday said it was offensive to give an impression that he had lied to the shareholders.

  • Shareholders give nod to Rs 11K cr Wipro buyback

    Among Indian IT companies, TCS, which had a cash kitty of over Rs 43,000 crore, has already completed a Rs 16,000 crore buyback programme. Infosys has also announced a buyback offer of up to Rs 13,000 crore.

  • Vishal Sikka wants to quit with immediate effect

    New Delhi : After Nandan Nilekani returned to Infosys as chairman, former CEO Vishal Sikka said he has offered to leave with immediate effect as he saw no reason to continue in the company.

  • Ex-CFO Balakrishnan bats for Nilekani as Infy chairman

    New Delhi : Infosys’ ex-CFO V Balakrishnan Wednesday favour-ed bringing in Nandan Nilekani as the chairman of the company, saying his experience and understanding of clients made him a “good face” to lead the organisation in the current situation. Balakrishnan’s comments come at a time when the clamour to bring back Nilekani, one of the most high-profile founders of the IT firm, seems to be growing in various quarters. Speaking to PTI,

  • ‘Sebi keeping a watch on Infosys share price’

    New Delhi : Markets regulator Sebi on Tuesday said it is keeping a close tab on the share price movement of Infosys, which saw its first non-promoter CEO Vishal Sikka quitting last week amid differences with its founders. Shares of Infosys plunged by nearly 10 per cent on Friday wiping out Rs 22,519 crore from its market valuation, after Sikka’s resignation. It fell further by over 5 per cent on Monday despite

  • Vishal Sikka resignation: The inside story of what went wrong at Infosys

    On Friday, in a shocking development, Vishal Sikka resigned as the Chief Executive Officer (CEO) and Managing Director of global software major Infosys Ltd. The months of trouble between the founders and management may have led to Sikka’s resignation.

  • Signals from the Infosys shake-up

    Infosys was born thirty-seven years ago, just when the IBM PC was launched, and shortly before Apple launched the Mac. The birth of Infosys is the stuff of legend, as its seven penniless founders, set out to build a global company in 1981. And indeed by 1999, at the height of the dot-com era, Infosys became one of the top twenty most valuable companies globally, listed on NASDAQ. Its journey is the journey of

  • Been away from home far too often, says Vishal Sikka

    New Delhi : Stress is perhaps a given when you are the CEO of a multi-billion dollar technology firm. But “continued assaults” of “baseless” allegations are certainly not what Vishal Sikka signed up for when he joined Infosys.

  • Infosys to buy back 11.3-crore shares at Rs 1,150 each

    Bengaluru: Global software major Infosys Ltd on Saturday announced that it would buy back 11.3-crore shares of Rs 5 face value at Rs 1,150 ($18) per share via a tender offer at an outlay of Rs 13,000 crore.

  • Worst slump in Indian IT sector in last 7 years, claims report

    Mumbai: Vishal Sikka resigned from Infosys citing the reason of false charges that were levelled against him by likes of Narayan Murthy. But the reality is far deeper than that. The reality is that the software services exports are experiencing their longest slump in seven years.

  • Vishal Sikka: Difficult to deal with unending allegations

    Bengaluru/Mumbai: Vishal Sikka, the chief executive officer (CEO) brought in to turn around Infosys three years ago, resigned suddenly on Friday, blaming a “continuous drumbeat of distractions” and a long-running row with founders over the tech giant’s strategy.