Recession Hits Infosys. Remedy: Stop Going to Toilets

April 18th, 2009 No US, No worry. That has been the mantra of Rajasthan, India.

April 18th, 2009 Though the financial sector has started showing some signs of recovery from the global meltdown, the IT industry in the country will take some more time to regain the growth momentum, a top industry official said here saturday. 'The crisis started in the financial sector and recovery also seems to be happening first in that sector,' S.

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.

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.

October 9th, 2009 Infosys profit falls 0.9 pct but outlook improvesMUMBAI, India — Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be over for India's software services industry after being hard hit by the global downturn.

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.

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.

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.

February 4th, 2009 NEW DELHI - Employees of Infosys Technologies may have to live with a salary cut and without any significant increment, even as the IT bellwether has virtually frozen fresh recruitments on account of the global meltdown, a top company official has said. 'A part of our salary is determined by variable sales component, which is the percentage of the company's revenue,' said Infosys' director for human resources T.V.

January 14th, 2009 BANGALORE - IT major Infosys Technologies chairman and chief mentor N.R. Narayana Murthy Thursday said the government-appointed board members of the fraud-hit Satyam Computer Services were excellent, competent and had lots of experience.

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.

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.

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.

March 2nd, 2009 BANGALORE - Umesh Krishnan, a 27-year techie employed with IT bellwether Infosys Technologies, was robbed and suffocated to death early Monday by a gang of four suspected dacoits at his house in the city's eastern suburb, the police said. 'The incident happened in the wee hours when Krishnan was attacked by the gang, which barged into his house and gagged his mouth and nose with cello tape,' city joint commissioner Alok Kumar told IANS.