Infosys techie robbed, suffocated to death in Bangalore

March 24th, 2009 MELBOURNE - Bangalore-based software giant Infosys will pick up most of IBM Global Services' multi-million dollar applications support contract with Australian software giant Telstra, after the latter's deal with the former was scrapped following TELCO reducing its outsourcing partners from four to two. According to The Australian, the decision to shift from IBM to Infosys could result in hundreds of job losses locally and in Bangalore, where IBM operates outsourcing centres.

January 21st, 2009 HYDERABAD - Muthyala Purushottam, a 27-year-old software engineer from Andhra Pradesh, was found dead in his flat in Indianapolis in the US, family sources said Thursday. This is the second incident of the death of a techie from the Indian state in the US this month.

February 16th, 2009 BANGALORE - Infosys Technologies Tuesday said it has instituted a Rs.5-million (Rs.50 lakh) award each for five top Indian scientists in recognition of their outstanding research contributions and achievements. The five awards will be given annually under the aegis of Infosys Science Foundation, a non-profit trust set up with a corpus of Rs.210.5 million (Rs.21.5 crore), the software major said in a statement here.

January 12th, 2009 BANGALORE - Infosys Technologies Ltd. has posted net profit of Rs.16.41 billion (Rs.1,641 crore) for the third quarter (October-December) of this fiscal (2008-09), registering 33.3 percent year-on-year (YoY) growth and 14.6 percent sequentially under the Indian accounting system.

February 17th, 2009 BANGALORE - Infosys Technologies chairman and chief mentor N.R. Narayana Murthy has declined to be the IT advisor to the Sri Lankan government, the IT bellwether said Wednesday.

January 12th, 2009 BANGALORE - Allaying fears of slowdown or lay-offs, IT bellwether Infosys Technologies Ltd is still in hiring mode and plans to ramp up its headcount by this fiscal (2008-09), a senior executive said Tuesday. 'Though we have said in the beginning of this fiscal that we would hire about 25,000 people, in our estimate our hiring will go up to 27,000 by March 31, 2009,' Infosys head for HRD, education and research T.V.

September 15th, 2009 MYSORE - Congress President Sonia Gandhi on Tuesday attributed nation's success in the field of Information technology to the Indian talent, ingenuity and hard work. She was speaking after inaugurating the Infosys technology campus in Mysore.

May 8th, 2009 BANGALORE - Indian IT firms would not be impacted by the tax reform proposal of US President Barak Obama, Infosys Technologies chairman and chief mentor N.R. Narayana Murthy told President Pratibha Devisinh Patil Friday.

May 22nd, 2009 In a recession hit period, where companies are downsizing to overcome the crisis, Indian software major Infosys plans to hire about 1,000 people in the US within a year and a half. Infosys Chief Executive, Kris Gopalakrishnan while attending Microsoft's CEO summit held in Seattle this week announced that the company is planning to add more than 100 employees as a part of a big US expansion in anticipation to the growth resuming in 2010.

January 12th, 2009 BANGALORE - IT bellwether Infosys Technologies Ltd would not pro-actively approach clients of the fraud-hit Satyam Computer Services on its own but is open to consider proposals for deals on merits, a top company official said Tuesday. 'We have decided not to pro-actively approach Satyam clients.

January 12th, 2009 BANGALORE - A depreciating rupee has forced IT bellwether Infosys Technologies Limited to reduce its exposure to hedging in the currency market to $576 million from $932 million for the next two quarters, a senior executive said Tuesday. 'We have brought down our hedging amount in the forex market to $576 million to minimise the risk of currency rate volatility for the next two quarters (January-June) of 2009,' Infosys chief financial officer V.

February 25th, 2009 BANGALORE - Indian IT bellwethers Infosys Technologies and Wipro Wednesday expressed confidence that the US would not take any measure that would hurt its global competitiveness. Reacting cautiously to US President Barack Obama's remarks on outsourcing Tuesday, Infosys said outsourcing had enhanced the competitiveness of US corporations and had created more jobs within the US economy.

June 26th, 2006 Ever rising salaries and poor quality of manpower are prompting foreign firms to shut their outsourcing operations in India. U.S. based Apple Computer and software maker Pervasive have been joined by Powergen, a British subsidiary of German energy supplier E.ON, in announcing their exit from Bangalore, the Silicon Valley of Indian IT industry.

May 15th, 2009 LONDON - In the latest phishing scam to hit Facebook, almost 200 million users of the social networking site are at the risk of being robbed of their passwords. A Facebook spokesman has said that Internet fraudsters have stolen the passwords of a number of members in a successful attack on May 14.

August 6th, 2009 BANGALORE/BOGOTA - Bangalore-based software major Infosys Technologies Ltd and Bancolombia today announced that Bancolombia, the largest universal bank in Colombia and among the top 500 banks globally, has selected FinacleTM Universal Banking Solution to power its operations in Colombia and its international subsidiaries. Bancolombia has a strong market share in the South American retail, corporate, credit cards, investment banking and housing loan sectors.