VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own
V G Siddhartha was listed as the 75th richest man in India in the Forbes billionaire in 2015
L&T raises stake in Mindtree by 2%, picks up shares worth Rs 316 cr last week; keen to increase shareholding to 66%
The development is significant as L&T has already acquired around 20% stake in the mid-sized IT firm from V G Siddhartha and Cafe Coffee Day
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'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.
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.
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
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.
Software major Infosys Ltd on Wednesday announced investing Rs 31.6 crore in Stellaris Venture Partners, a city-based early stage venture fund.
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
Cognizant's strong revenue guidance comes at a time research firms are predicting a slowdown in IT spending by large customers in the US and Europe.