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Infosys sees year's 5th top-level exit: Global consulting head Toombs quits
Posted on 22nd October 2018
Top-level exits continue at Infosys, the country’s second largest company in information technology services.

The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity. Highly placed sources said he is presently serving out the mandatory notice period.


Infosys to pay pending severance package to former CFO Rajiv Bansal
Posted on 17th October 2018
Infosys on Tuesday said it would pay its former chief financial officer Rajiv Bansal the pending severance package amount of Rs 121.7 million as directed by the arbitration tribunal in September this year.

“The company has received the legal advice and will comply with the award and make the necessary payments,” it said in an exchange filing.


Infosys announces Rs 1.5 crore reward to push innovation in social work
Posted on 9th October 2018
New Delhi: Infosys Foundation on Monday announced Rs 1.5 crore reward to push innovation in social work following increase in funds under the government rules.

"Infosys Foundation have been working since last 22 years. We had less money but thanks to 2 per cent now, which is more money.


Infosys debuts learning solution for enterprises
Posted on 4th October 2018
IT services major Infosys has announced the launch of Infosys Wingspan, its next-gen learning solution to help organisations accelerate their talent transformation journey. Based on open source technologies, the cloud-first and mobile-first solution is designed to provide a seamless interactive learning experience accessible anytime, anywhere and on any device. Infosys Wingspan provides best-in-class curated content from multiple sources that learners can access to enrich their knowledge.

Infosys deploys digital banking solution at Australian Military Bank
Posted on 25th September 2018
New Delhi: IT major Infosys on Tuesday said it has deployed its Finacle banking solutions suite for Australian Military Bank (AMB).

The comprehensive digital banking solution stack has been implemented in a fully software-as-a-service (SaaS) model, hosted out of Infosys datacentres in the country, Infosys said in a statement.


Infosys fails to prove ex-CFO deleted data from laptop
Posted on 24th September 2018
BENGALURU: Infosys could not provide enough evidence to substantiate that former CFO Rajiv Bansal deleted data from company laptop, leading to dismissal of its claim of breach of agreement by the arbitrator, two people privy to the proceedings told ET.

The Bengaluru-headquartered software services firm was ordered last week by arbitrator RV Raveendran to pay the remaining severance of Rs 12.17 crore with interest after about 14 months of Bansal taking the matter to arbitration tribunal.


Infosys to offer cloud solutions to global enterprises on Google Clouds
Posted on 22nd September 2018
Software major Infosys would offer scalable services and solutions on demand to global enterprises on search engine's Google cloud platform, the IT major said on Saturday.

"We are partnering with Google to develop cloud transformation and migration services for enabling enterprises transform their businesses on scalable and on-demand model," said the city-based company in a statement.


Infosys loses arbitration case against Rajiv Bansal over severance package
Posted on 19th September 2018
Infosys, the country’s second-largest information technology services firm, has lost an arbitration battle against its former chief financial officer Rajiv Bansal over his severance package.

The arbitration tribunal has directed the IT firm to pay Bansal the pending amount of Rs 121.70 million with interest. Infosys’s counterclaim for refunding the previously paid severance amount of Rs 52 million has also been rejected.


After US, Europe and Australia new hunting ground in Infosys' talent search
Posted on 18th September 2018
After the US, Infosys is planning to take its digital hub models to Europe and Australia as the Bengaluru-based company looks at expanding its onshore capabilities in order to serve these markets effectively. The company plans to begin by setting up one digital hub in the UK for which it has shortlisted four locations while it is also evaluating setting up such centres in two more European countries. In Australia, Infosys is looking at setting up two hubs initially before expanding further.

Infosys doubles investment in TidalScale to $3 mn through Innovation Fund
Posted on 17th September 2018
IT company Infosys on Monday said it has doubled its investment in US-based software firm TidalScale by putting in an additional $1.5 million (around Rs 110 million) through the Infosys Innovation Fund.

"Infosys...has made an additional investment of $1.5 million through the Infosys Innovation Fund in TidalScale Inc, the company at the heart of the software-defined server revolution," the Indian software major said in a statement.


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