Infosys beefs up innovation fund to $500 million

Last Updated: Friday, January 9, 2015, 17:38

India's second largest software services firm Infosys will expand its 'Innovation Fund' five times to USD 500 million to provide financing to start-ups and new technologies like artificial intelligence.

Infosys to expand CSR activities in Americas, spend $5 mn a year

Last Updated: Tuesday, December 30, 2014, 18:41

Country's second largest software services firm Infosys will expand its Corporate Social Responsibility (CSR) activities in the Americas to focus on making quality computer science education widely available.

Huge opportunity for Uber-like services in India: Infosys CEO

Last Updated: Wednesday, December 10, 2014, 20:45

Uber may be in the midst of a major controversy over a rape incident in India, but Infosys' CEO Vishal Sikka feels that digital services like this app-based taxi provider have huge potential in the country.

Infosys founders fully committed to management, it's all good: Sikka

Last Updated: Wednesday, December 10, 2014, 20:37

Infosys CEO Vishal Sikka Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.

Vishal Sikka welcomes share sale by Infosys co-founders

Last Updated: Monday, December 8, 2014, 23:16

As four founder families sold part of their Infosys holdings Monday, CEO Vishal Sikka said monetisation of shares for philanthropic and entrepreneurship purposes was in line with the company's values.

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.