Ending months of uncertainty, Infosys has finally announced a new CEO to replace Vishal Sikka. Salil Parekh will be the company’s new CEO effective 2nd January 2018. Parekh will take over from interim CEO U B Pravin Rao, who’d been appointed following Sikka’s abrupt departure. Following Parekh’s appointment, Rao will continue as Infosys’s Chief Operating Officer and a full-time director of the company. Infosys had been plunged into crisis after CEO Vishal Sikka had put…
Infosys doesn’t really need to advertise open positions these days — it is India’s biggest IT success story, and people literally queue to be employed with the tech giant. But there was a time, not so long ago, when Infosys needed to actively recruit people into its organization. And to do so, it came up with this half-page ad in the Mumbai edition of the Times of India in 1991. “Only 64 brilliant young engineers…
TCS, India’s largest IT service provider, has long been outshined by the likes of Wipro and Infosys, but in past few years they clearly have been able to stand ahead of the race. By leveraging its technical and domain capabilities, refurbishing the performance management system and giving a face lift to its weak spots, TCS have been able to become the most valuable company in India by market capitalization.
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Indian workforce of 487 million is the second largest after China. Only 6% of this workforce work in organized sector and the rest in predominately labour-focused unorganized sector.
Here’s our list of eight largest employers in India.
This amazing space is the recreational centre at the Infosys Development Campus, located in the SEZ area, Hyderabad. The Hyderabad campus houses 8,000 employees (or “infoscions”, as Infosys terms them) has training facilities with on-campus accommodation for 700 students. There are two large food courts, the obligatory cricket ground, mini-golf and all kinds of recreational facilities for the employees. Infosys is known for its sprawling, vast campuses full of amenities and facilities.
A marginal growth in business and a weak rupee vis a vis the dollar has had Indian IT giant Infosys laughing all the way to the bank. And the highest beneficiary of the gains is Infosys CEO Vishal Sikka, who has recently had a 55% pay hike and received an additional 1 crore over his 28 crores variable pay.
At an event organised by Indian School of Business (ISB), Hyderabad, Narayana Murthy, the co-founder and emeritus Infosys, who was conferred an honorary doctorate at the premium management school, has made a rather controversial statement.
The Infosys founder was reported as saying that Indian IT companies act as “Immigration agents”, referring to the huge onslaught of employees that are sent abroad every year to work onsite in US companies.
The Infosys employee who’d been missing since the blasts in Brussels last Tuesday has confirmed to have died. This news was confirmed by the Indian ambassador to Belgium today. His body has been found in a metro train where one of the bombs went off.
Infosys has extended the tenure of its CEO Vishal Sikka by two years and announced a hefty increase in his package. In a regulatory filing to the Bombay Stock Exchange, the company said the board had re-appointed Sikka as managing director and chief executive from April 1, 2016 to March 31, 2021.
Infosys has revised its HR policy allowing employees to work from home 9 days in a month as against 4 days earlier. The measure is being seen as one more initiative to arrest attrition and drive productivity.