It Firm

L&T acquires additional 2% stake in Mindtree via open market purchase; takes total holding to 25.9%

The infrastructure major is in fray to buy up to 66 percent stake in Mindtree for around Rs 10,800 crore — marking the country's first-ever hostile takeover bid in the IT industry.

Mindtree March quarter net jumps 8.9% at Rs 198 cr; board declares special dividend of 200%

Mindtree's FY'19 net profit grew 32.2 percent to Rs 754.1 crore, while revenue was up 28.5 percent to Rs 7,021.5 crore from the previous fiscal.

Infosys CEO Salil Parekh says business growth will not be constrained by stricter US, Australian visa norms

Infosys had last year announced that it will set up four technology and innovation hubs and hire about 10,000 locals in the US over two years.

Infosys to setup a design and innovation hub in Rhode Island; hire 500 Americans in next 5 years

The hiring of 500 Americans in Rhode Island is part of Infosys' announcement in May to recruit 10,000 Americans by setting up four such hubs across the US.

Cognizant to pick up pace of acquisitions as it scouts potential targets for enhancing its capabilities

While Cognizant is headquartered in Teaneck, New Jersey, about 75 percent of its 2.56 lakh workforce is based out of India.

Nandan Nilekani to bring focus and stability at Infosys; to ensure no discordant voices at the IT firm

Nandan Nilekani, named Infosys non-executive chairman last night, said he will focus on bringing in stability and ensuring there are no "discordant" voices.

Anand Mahindra, top bosses apologise as employee told to quit within 24 hours

Mahindra Groups's Chairman Anand Mahindra Friday tendered a public apology over the manner in which an employee of Tech Mahindra was asked to quit

Infosys Vishal Sikka warns staff: Road ahead not easy; tech disruption bigger than Trump, note ban

In his New Year message to the employees, Vishal Sikka, CEO, said by achieving all that they set out to do, Infosys can be a force powering the purposeful evolution of our world.

Infosys has announced plans to invest Rs 31.6 crore in Stellaris Venture Partners

Software major Infosys Ltd on Wednesday announced investing Rs 31.6 crore in Stellaris Venture Partners, a city-based early stage venture fund.

HCL Tech Q1 profit rises 15% on growth across verticals: expects FY17 revenue at 12-14%

For the reported quarter, HCL Tech's revenues grew 15.9 percent to Rs 11,336 crore, from Rs 9,777 crore in the year-ago period, as per US GAAP accounting norms