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Infosys on transition journey from services to innovation : Sikka

Jun 18, 2016

Bengaluru, June 18 (IANS) Infosys is on a journey to transition from the model of services to a model on innovation, said the company's CEO Vishal Sikka on Saturday. "A simple way to think about this is being more. This is in some sense the essence of the journey that we are," he said at the 35th annual general meeting. …

Infosys 2020 goals: $20b revenue, $80,000 revenue per employee

Jun 18, 2016

Bengaluru, June 18 (IANS) Indian IT major Infosys has set a goalpost of $20 billion in revenue with and operating margin of 30 per cent to be achieved by 2020, said Chairman R. Seshasayee on Saturday. "Vishal Sikka, our CEO and his…

Business

PM knows everything, does not need experts like Rajan : Rahul #congress #bjp

Jun 18, 2016

New Delhi, June 18 (IANS) Congress vice president Rahul Gandhi on Saturday hit out at Prime Minister Narendra Modi over RBI Governor Raghuram Rajan decision to forego a second term, saying the PM has no need for such experts. …

Business

Infosys clocks revenues of Rs 62,441 cr in fiscal 2015-16

Jun 18, 2016

Bengaluru, June 18 (IANS) IT bellwether Infosys recorded revenues of Rs 62,441 crore in fiscal 2015-16 with an annual growth rate of 17.1 per cent, said Infosys Chairman R. Seshasayee at the 35th annual general meeting.Infosys clocks…

Business

Text of Raghuram Rajan’s letter to RBI colleagues on 2nd term

Jun 18, 2016

Following is the text of the letter written by Reserve Bank of India Governor Raghuram Rajan in which he has made it clear that he is not interested in a second term, and that he will return to academia when his term ends in…

Business

Indian Oil Corporation – led consortium buys 24% stake in Russian oil field

Jun 18, 2016

New Delhi, June 18 (IANS) A consortium led by state-run Indian Oil Corporation (IOC) oil companies IOC, BPCL and OIL signed an agreement on Friday to buy 23.9 per cent stake in Russia's Vankor oil field from Rosneft for $2.1 billion,…

Business

Hyundai should quickly announce third unit in India: Sitharaman

Jun 17, 2016

New Delhi, June 17 (IANS) India on Friday urged South Korean auto major Hyundai Motors to take a decision on setting up its third manufacturing unit in the country without further delay as this was the appropriate time for starting the…

Business

HDFC Life in discussions to take over Max Life Insurance

Jun 17, 2016

Chennai, June 17 (IANS) In one of the biggest consolidations to happen in the Indian life insurance sector, Max Life Insurance and Max Financial Services have signed agreements to evaluate a potential merger with HDFC Standard Life…

Business

Of political idealism, corporate twists and fitness (IANS Books This Weekend)

Jun 17, 2016

Embark on a journey of remorse, redemption and love where a girl falls for a man with dark secrets; then a modern day version of the Mahabharata presented with a humorous corporate twist. (adsbygoogle = window.adsbygoogle ||…

Business

Indian pharmaceutical exports to cross $20 billion by 2020 : Study

Jun 16, 2016

New Delhi, June 16 (IANS) Indian pharmaceutical exports are likely to cross $20 billion by 2020 from $14 billion in 2016, by registering a compounded annual growth rate (CAGR) of eight per cent, said an Assocham- TechSci research joint…

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