Free Press Journal
  • Infosys told to pay Rs 12.17 cr to former CFO

    Mumbai : An arbitral tribunal has told Infosys to pay former chief financial officer Rajiv Bansal a severance amount of Rs 12.17 crore with interest as it rejected the Bengaluru-based company’s counterclaim for a refund of a previously paid severance amount of Rs 5.2 crore and damages.

  • 56 firms in Hinjewadi, Pune, driven out by traffic woes

    Mumbai : Beset by traffic woes, companies like Infosys, Tech Mahindra, Tata Consultancy Service, Wipro, Accenture and others, are exiting the Information Technology (IT) Park at Hinjewadi. Routine traffic snarls, coupled with inadequate infrastructure have compelled 56 companies, including six multi-nationals to bid goodbye to Hinjewadi IT park.

  • Sensex falls 188 points on global cues, weak macro data

    Mumbai: Benchmark Sensex tumbled over 188 points to close at 37,663.56 today, tracking weak global cues on concerns over Turkey’s financial crisis amid sustained foreign fund outflows.

  • Infosys Q1 net rises 4%, approves 1:1 bonus issue 

    Mumbai : Infosys, the country’s second-largest software services exporter, posted a 3.7 per cent rise in quarterly profit on Friday, hurt by a one-off charge related to fair value reduction of Panaya, which the company is trying to dispose of.

  • Sensex hits fresh record high on firm global cues

    Mumbai: The BSE Sensex hit a fresh record high of 36,740.07 points in opening session today driven by smart gains in Infosys, Coal India and Wipro, despite weak macroeconomic data released yesterday.

  • GSTN software to be audited by third-party

    New Delhi : GST Network has decided to go in for third-party audit of its software developed by Infosys to ensure that all changes in law are adequately captured and its performance is not lagging on any count, a senior official said.

  • Sensex zooms 318 pts; Nifty tops 10,500-mark

    Mumbai, The BSE Sensex rebounded over 318 points today on robust buying in IT, banking, metal and pharma stocks amid mixed global cues. This is the benchmark’s biggest single session gain since April 5, when its had surged by 577.73 points. Unabated buying by domestic institutional investors (DIIs) contributed to the uptrend.

  • Aadhaar doesn’t pose any privacy issue: Bill Gates

    Washington: India’s Aadhaar technology does not pose any privacy issue and the Bill and Melinda Gates Foundation has funded the World Bank to take this approach to other countries as it is worth emulating, Microsoft founder Bill Gates has said.

  • Infosys to grow 7-9% in dollars in fiscal 2018-19

    Bengaluru: Global software major Infosys Ltd on Friday said its consolidated revenue for fiscal 2018-19 would grow seven to nine per cent annually in dollars and 8.2-10.2 per cent annually in rupees.

  • Sensex slips 130 pts on weak global cues, Nifty tests 10,300

    Mumbai: The benchmark BSE Sensex fell over 130 points in early trade today amid weak Asian cues and selling on oil & gas, metals, power, PSU and IT counters. Brokers said persistent selling by investors and capital outflows by foreign funds and a weak trend in Asian bourses, due to increased concerns over the prospect of a global trade war, dampened market sentiment.

  • 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