INFOSYS

Infosys CEO-in-waiting sees great oppotunity in building innovative software

Wipro met expectations and reported strong order wins for its fiscal first quarter, joining bigger Indian rivals Infosys and TCS is pointing to stronger growth ahead.

Many senior executives have left the company in the past year while its overall attrition rate too hit a record high in the June quarter.

Infosys was under pressure to bring in a new CEO to check an exodus of senior executives, and reassure clients and investors.

This election marks the first time two prominent technology executives have taken the leap into politics.

At least 50 executives who held the rank of associate vice-president or higher have left the firm since last summer.

Disappointing economic data from the U.S. last week led to bulk sell-offs in Asian markets, including those in India.

The Indian outsourcing firm may have to pay $35 million for using B-1 visas in place of H-1B visas to bring workers into the U.S.

Infosys raised its revenue forecast for the year but Q2 numbers missed expectations hurt by a one-time visa settlement charge.

Many of the most important people responsible for India’s economic miracle in recent decades all hail from the South

Infosys rejected claims of discrimination after a job applicant in the U.S. filed a lawsuit alleging bias toward South Asians.

Resurgent demand from the U.S. and a weak rupee help Indian IT companies beat quarterly earnings expectations.

A weak rupee and rising US demand helped Indian IT giant post better-than-expected Q1 earnings

Carnival PLC, Tesla Motors, BT Group and Rio Tinto prevailed in pre-market trading on Wednesday.

Infosys, ASML, MannKind, Best Buy and Whole Foods prevailed in the pre-market trading on Monday.

Infosys Technologies Ltd (NYSE:INFY), India's second largest software services firm, reported Friday a better-than-expected net income after tax of $434 million for the quarter ended Dec. 31, 2012 against $431 million for the quarter ended Sept. 30, 2012.

Facebook (NASDAQ:FB), the No. 1 social networking website, got a boost when its shares were added to the Nasdaq 100 Index.

With Infosys Technologies Ltd, a major Indian software services firm, reporting this month a disappointing guidance for the future sales subsequent to the uncertainties in the global economy, industry experts are worried that India’s IT outsourcing industry is under stress of the weakening economic conditions around the world.

Barclays Plc, ING Groep N.V, JPMorgan Chase & Co, France Telecom SA, Advanced Micro Devices, Infosys Ltd, Kinder Morgan Inc and Arch Coal Inc. are among the companies whose shares are moving in pre-market trading Friday.

Infosys Technologies Ltd, India's second largest software services firm, reported Friday a 24 percent rise in the net profit for the second fiscal quarter ending June 31, 2012, meeting market expectations. However, the Bangalore-based company gave a weaker-than-expected earnings forecast for the third quarter, sending its shares down by 5 percent in the morning trade.

Infosys Technologies Monday said that it would buy Swiss technology consulting firm Lodestone Holding AG for 330 million Swiss francs ($350 million) which is expected to help India's second biggest software exporter to improve services to its clients.