Infosys looking at overseas acquisitions

October 8th, 2009 BANGALORE - Infosys Technologies Ltd has declared an interim dividend of Rs.10 per share or 200 percent on par value of Rs.5 per share for the first six months (April-September) of this fiscal (2009-10). In a regulatory filing Friday, the IT bellwether said the interim dividend to its shareholders was the same as in the corresponding period of the last fiscal (2008-09).

September 17th, 2009 KOLKATA - The West Bengal government Thursday invited IT major Wipro and infosys to start new centres at Rajarhat in the northeastern fringes of the city and promised to give 45 acres of land to each of the companies. "I'm proposing today (Thursday) through the media that we are ready to give 45 acres of land each to Wipro and Infosys.

September 17th, 2009 KOLKATA - West Bengal Chief Minister Buddhadeb Bhattacharya on Thursday said that the Government would revive plans to build a one billion dollar IT hub, which was earlier, scrapped due to land acquisition problems. The State Government has planned an IT town on the outskirts of Kolkata to host IT giants Wipro and Infosys, and following the issue Bhattacharya said that IT majors, Wipro and Infosys would be given 45 acres of land each near the airport, where they can construct new centres.

September 17th, 2009 KOLKATA - The West Bengal government Thursday invited IT majors Wipro and Infosys to start new centres at Rajarhat on the northeastern fringes of this city and promised to give 45 acres of land to each of the companies. "I'm proposing today (Thursday), through the media, that we are ready to give 45 acres of land each to Wipro and Infosys.

September 16th, 2009 KOLKATA - West Bengal's ruling Left Front Wednesday said the IT township project involving giants Infosys and Wipro has only been kept on "hold" and not cancelled. "The state government has not abandoned the township project.

September 15th, 2009 MYSORE - Overwhelmed by the sprawling, state-of-the-art campus of IT bellwether Infosys, Congress president Sonia Gandhi Tuesday repeatedly said it gave her an opportunity to "bunk political classes" for a little while. Gandhi visited the Infosys Technologies Ltd campus here to inaugurate the Global Education Centre (GEC-II), the latest infrastructural addition to the IT giant meant for training its new recruits.

September 15th, 2009 MYSORE - Congress president Sonia Gandhi said Tuesday that she was happy to visit the campus of IT bellwether Infosys because it gave her a chance to "bunk political classes" for a little while. Gandhi was at the campus here to inaugurate the Global Education Centre, the latest infrastructural addition to the IT giant meant for training its new recruits.

September 15th, 2009 MYSORE - United Progressive Alliance (UPA) chairperson Sonia Gandhi Tuesday inaugurated a world-class corporate education centre of Infosys Technologies at its Mysore campus. The facility is an extension of the IT major's Global Education Centre (GEC), which was inaugurated by Prime Minister Manmohan Singh in February 2005.

September 7th, 2009 KOLKATA - The West Bengal government Monday scrapped the proposed IT township projects involving companies like Infosy and Wipro at Rajarhat near here following allegations that the land had been forcibly and illegally acquired. "The government does not want to be involved in any illegal activity," the state IT department said in a statement.

September 7th, 2009 KOLKATA - The projects proposed by Infosys Technologies and Wipro in a township just outside the state capital has been scrapped, the West Bengal government informed the two IT majors Monday. The projects were to come up in the proposed IT township at Rajarhat near Salt Lake but had become controversial in recent weeks following allegations that land sharks had been involved in acquisition of plots there.

July 10th, 2009 BANGALORE - Undeterred by the impact of the global meltdown on its revenue and profits, IT bellwether Infosys Technologies and its subsidiaries hired 3,538 people in the first quarter of this fiscal. With retention remaining high, the company and its subsidiaries saw a net decline of 995 employees during the quarter under review as against a net addition of 1,772 in the previous quarter and 3,192 in the year-ago period.

June 8th, 2009 Tata Steel downgraded on weakness of UK unitMUMBAI, India — Moody's downgraded the company rating of India's Tata Steel Ltd on Monday because of weak performance at its U.K. Corus unit — sign of how troublesome Tata's ambitious overseas acquisitions have become since the global financial crisis hit.

May 2nd, 2009 BANGALORE - Infosys Technologies Ltd appointed K.V. Kamath, non-executive chairman of ICICI Bank, as an additional director to its board, the IT bellwether said Saturday.

April 15th, 2009 BANGALORE - The impact of global recession has forced Infosys Technologies, India's second largest IT bellwether, to freeze wage hike and fresh hiring in new fiscal 2009-10, a senior official said Wednesday. 'Employees will not get salary hike or promotions this fiscal.

March 27th, 2009 WASHINGTON - Indian outsourcer Infosys Technologies Ltd. expects to find acquisition opportunities in the US during the downturn even as a rise in protectionist sentiment is holding back potential customers, it was reported here Friday.