In an conference call with analysts and later with the media, Murthy answered a host of questions relating to the sluggishness in the company's business in the last few years that seen rival TCS leapfrog it by a huge margin in revenue.
Infosys, India's second-largest software exporter, raised its annual sales growth forecast for the second consecutive quarter as economic recovery prompted clients in Europe to spend more in the last quarter.
Spectrum Usage Charge is the levy telecom companies pay based on their adjusted gross revenues, an annual fee which is over and above the price they pay for acquiring airwaves.
In a move to reduce the downside of the exits, Infosys has created a three-tier leadership structure consisting of about 500 executives.
In the seventh top level exit in six months at Infosys, Subrahmanyam Goparaju, Senior Vice President and a member of the Executive Council that frames business strategy, has resigned.
With the latest India deal, GSK is set to spend close to $2 billion in roughly a year to increase its holdings in two listed Indian companies, underscoring the British drugmaker's drive to deepen its footprint in emerging markets.
In his new role, Shivakumar will oversee all aspects of PepsiCo's India business, which includes food and beverage brands such as Pepsi, Frito Lay's potato chips, Slice mango beverage, Kurkure snacks, Tropicana juices and Quaker oats.
Hit hard by subdued domestic sales, home-grown auto major Tata Motors today reported nearly 39 percent decline in November sales at 40,863 units, its lowest in at least three years.
Suzuki has finished developing three new vehicle platform which will enable cars to be at least 15% lighter and therefore even more fuel efficient than at present. Maruti's "kitna deti hai" obsession is sure to get magnified with vehicles which come off these new platforms beginning 2014.
Cadbury India today signed a memorandum of understanding with the Andhra Pradesh government for setting up its chocolate manufacturing facility at Sri City Special Economic Zone in Chittoor district.
Coming down heavily on pesky callers, telecom regulator Trai today said it has penalised some service providers, but has given banks time till mid-December to check unsolicited commercial calls and SMSs.
Nasdaq OMX Group Inc said on Monday Eric Noll, the exchange operator's top internal candidate to replace Chief Executive Robert Greifeld, is leaving to become president and chief executive of brokerage ConvergEx.
IndiGo airline's promoter Rahul Bhatia said today he is looking to acquire smaller aircraft though no plans have been firmed up as yet on either the manufacturer or the number of planes to be bought.
Opening its first store in south India here, American coffee giant Starbucks today said it is taking the Indian grown coffee to its 19,000 stores across the world.
JPMorgan Chase & Co said it routinely overstated the quality of mortgages it was selling to investors, and it agreed to pay $13 billion to settle related charges with the US government, federal officials said on Tuesday.
Homegrown PC maker HCL Infosystems, which competes with multinational giants like HP and Dell, will phase-off its manufacturing business in the next few years to improve margins and increase organisational efficiency.
In what may come as bad news for McDonald's and other big burger joints in the country, one of the world's top fast-food companies, Burger King, will soon enter India.
Mining group Vedanta has asked shareholders to renew their backing for an offer of up to $3.48 billion to buy Indian government minority stakes in two of its subsidiaries, as it seeks to streamline its structure.
The third high-profile exit in less than a month is not taken in positive stride by brokerages as it raises questions on the company's leadership planning.
Despite discounts and other freebies, Tata Motors has not been able to draw in customers to Nano showrooms and its dedicated Nano plant at Sanand in Gujarat is running much below even half its capacity.