Friday, 21 November 2014

Infosys fixes record date for Bonus Issue

Infosys Ltd has announced that the Company has fixed Record Date as December 3, 2014 for the purpose of allotment of bonus shares / stock dividend.
The stock closed down 2% at Rs 4146.
The stock has hit a high of Rs 4201 and a low of Rs 4127.

Infosys under pressure as BPO fiasco haunts

Infosys is witnessing fresh selling pressure this morning after the ADR shed 1.5 per cent in overnight trades in the US market.

The ADR suffered losses as fears of audit in other BPO divisions following the overpricing issue in one of the BPO centre plagued the stock.

However, as per media reports, the company refuted the claims and stated there is no such audit been conducted, and the case of overbilling one of its client, Apple, was limited to Czech Republic facility only.

The stock was down 2.2 per cent at the lowest point of the day at Rs 4,128, and is now down 1.7 per cent at Rs 4,149. The counter has seen trades of around 16,000 shares as against the two-week daily average volume of around 38,000 shares on the BSE.

Meanwhile, the Sensex continues to trade on a bullish note at 28,222, up 154 points.

Infosys denies any global audit plans

Infosys has denied any talks that it may conduct an audit across all facilities of its back office division in 13 countries, according to reports.
Report stated that the company does not see any adverse impact on business at its back office.
Infosys is expected to sack up to six more employees from the Brno facility in Czech Republic.

Thursday, 20 November 2014

Infosys goes Live with SAP Business Suite powered by SAP HANA

SAP SE  announced that Infosys Limited, a global leader in technology, consulting, outsourcing and next-generation services has gone live with SAP(R) Business Suite powered by SAP HANA.
With more than 150,000 users on the system, this is currently the world's largest single instance of SAP Business Suite powered by SAP HANA. The system is deployed on a Hitachi Unified Compute platform for SAP HANA. With SAP HANA, Infosys expects to accelerate its financial closing processes, progressively move more and more batch activities into a real-time environment and renew the whole user experience with the SAP Fiori user experience.
SAP Business Suite powered by SAP HANA enables a whole new era of real-time business. It has already become one of the fastest-growing software applications in SAP's history and more than 1,500 customers have already embarked on this journey. SAP Business Suite powered by SAP HANA is the business innovation foundation to help companies drive their rapid transformation toward the real-time enterprise. Companies across all industries can use the software to drive their entire enterprise in real time so they can simulate, plan, execute, analyze and predict almost instantly along business-critical end-to-end processes. The software can provide customers with an exceptional ability to translate real-time insights to actionable business decisions while simplifying IT by combining transactions and analytics into a single in-memory platform.
Infosys is an SAP global services partner with more than 12,400 dedicated employees in its global SAP application services practice and 165,000 employees worldwide. It provides customers with access to some of the finest expertise that spans across industries and solutions.

Infosys trades in green

Infosys is trading on a positive note this morning following reports that the foreign investors have now hiked their stake in the company at record levels.

As per media reports, the FIIs have increased their holding in the company to its highest-ever level of 42.67 per cent at the end of September 2014 quarter.

The stock spurted to a high of Rs 4,215, and is now up 0.6 per cent at Rs 4,204. The counter has seen trades of around 6,700-odd shares as against the two-week daily average volume of around 39,000 shares on the BSE.

In other news development, following the major rejig at the BPO division on Tuesday. Media reports indicate that six more employees may be sacked for inflated invoices at the BPO arm.

Meanwhile, the Sensex is now down 57 points at 27,976.

Infosys BPO may sack six more employees

Infosys BPO is planning to sack more employees at the unit to underline intolerance for financial impropriety.
Report stated that six employees at one of Infosys BPO's European subsidiaries will be asked to leave soon.
There are reports that the amount involved was "financially insignificant".
On Tuesday, Infosys announced that the chief finance officer of Infosys BPO, Abraham Mathews, had been fired "for not complying with its code of conduct".

Wednesday, 19 November 2014

Infosys collaborates with Stanford Graduate School of Business

Infosys, a global leader in technology, consulting, outsourcing and next-generation services, today announced that it will collaborate with Stanford Graduate School of Business (GSB) to create a comprehensive executive education program. As part of this agreement, Stanford GSB will team with senior Infosys executives to design and deliver a customized strategic leadership development program for the company's executives, clients and partners.  
The executive education program will include a suite of business management skills, as well as courses in corporate innovation processes to help Infosys balance business discipline and entrepreneurial spirit. The office of Executive Education at Stanford GSB and Infosys will deliver the leadership program through in-person and online instruction, as well as live sessions enabled by distance-learning technology.
The initiative will include 200 executives who will each participate in a part-time, year-long program in groups of 40 over three years. Executives will be able to test and apply their learning to real business challenges in parallel.
Stanford has leveraged Infosys' facilities in Bangalore to offer its world renowned Stanford Ignite Program to participants across India. Stanford Ignite is a certificate program that teaches innovators to formulate, develop, and commercialize their ideas. The part-time program is delivered in-person and through live, high-definition video conference technology, which seamlessly connects Stanford GSB with participants in seven global markets. Infosys has twice hosted the program through its high-definition video teleconference facility at Infosys headquarters in Bangalore. Infosys will now host and support Stanford Ignite at its teleconference facility in London in 2015.