Infosys' shares end nearly 5% down as founders sell shares

Last Updated: Monday, December 8, 2014, 19:49

Shares of IT services major Infosys fell nearly 5 percent Monday, wiping out Rs 11,611 crore from its market valuation, after its co-founders N R Narayana Murthy and Nandan Nilekani along with their family members, sold shares worth Rs 6,484 crore.

Infosys founders sell stakes for $1 bn; investors lose $2 bn

Last Updated: Monday, December 8, 2014, 17:24

A total of 3.26 crore shares, accounting for over 5.5 percent stake in the company, were sold through multiple deals by Murthy, Nilekani, Dinesh and some of their family members, as well as wife of Shibulal.

Infosys focuses on small acquisitions, entering new segments

Last Updated: Friday, December 5, 2014, 18:05

Speaking at analysts meet, Infosys CEO Vishal Sikka said the company will look at firms working on "technologies of tomorrow" like artificial intelligence (AI) and automation for acquisition.

Not worried about Infosys challenge: TCS

Last Updated: Thursday, January 16, 2014, 23:28

Top software exporter TCS Thursday appeared unfazed by the challenges posed by its closest rival Infosys, which in recent months has made a dramatic turnaround, saying there is no uneasiness in its ranks or change in pricing strategy.

Best of luck to those who left: Murthy

Last Updated: Friday, January 10, 2014, 17:04

Unfazed by the exodus of top executives, Infosys co-founder and Executive Chairman N R Narayana Murthy today said he wished luck to those who quit the firm and said the company has a strong cadre of leaders and that its future will not be "compromised".

Corporate sector sees big ticket deals in 2013

Last Updated: Monday, December 30, 2013, 16:16

If Narayana Murthy made a comeback to revive the sagging fortunes of Infosys, neo rich Jignesh Shah found himself in the cross hairs of brewing Rs 5,600 crore payment fiasco at the National Spot Exchange Ltd (NSEL).

V Balakrishnan quits Infosys — eighth top exit in six months

Last Updated: Friday, December 20, 2013, 17:28

Balakrishnan, who joined Infosys in 1991, was considered by some as the next chief executive officer after current CEO S D Shibulal retires in 2015.

Infosys Executive Council member Subrahmanyam Goparaju resigns

Last Updated: Thursday, December 19, 2013, 21:52

Goparaju, who joined the company in 1998, was also heading Infosys Labs -- the research and innovation division.

1984 riots not comparable with 2002 Gujarat riots: Amartya Sen

Last Updated: Wednesday, December 18, 2013, 13:30

Nobel laureate Amartya Sen has said the Gujarat riots of 2002 are not comparable with the anti-Sikh riots in Delhi in 1984, rejecting Infosys chief N R Narayanamurthy`s view that the post-Godhra violence should not stand in the way of Narendra Modi becoming prime minister.

Narendra Modi should be allowed to show contrition to move on: Murthy

Last Updated: Saturday, December 14, 2013, 21:40

Infosys chief NR Narayana Murthy on Saturday said that Gujarat Chief Minister Narendra Modi should be allowed to show a "sense of contrition" and then move on as otherwise the debate on him in the context of the post-Godhra riots would be unending.

Infosys unveils TradeEdge platform

Last Updated: Monday, December 9, 2013, 19:53

Software major Infosys Monday announced the launch of TradeEdge, an insights-driven sales platform, which would provide visibility to global brands across the demand chain from distributors to consumers.

‘Infosys identifies three areas to cut employee costs’

Last Updated: Tuesday, November 26, 2013, 19:46

Infosys chief N.R. Narayana Murthy has said the company is looking at reducing the number of top officials and subcontractors at onsite locations in a bid to reduce operational costs, according to Barclays.