Monday 18 December, 2017

Magazine pitches for Rajan to head Federal Reserve

Washington, Oct 31 (IANS) Former Reserve Bank of India (RBI) Governor Raghuram Rajan will be an apt pick to head the US Federal Reserve, global financial magazine Barron’s has said. “If sports teams can recruit the best talent from [...]

Vandana Sikka quits Infosys Foundation, USA

Bengaluru, Aug 30 (IANS) Vandana Sikka, wife of former Infosys CEO Vishal Sikka, resigned as Chairperson Infosys Foundation, USA, said the software major on Tuesday. Sikka resigned as the company’s CEO on August 18 and as its Executive [...]

Sikka quits as Infosys CEO, cites negative remarks against him

Bengaluru, Aug 18 (IANS) In a dramatic development, global software major Infosys Chief Executive Officer (CEO) and Managing Director (MD) Vishal Sikka resigned on Friday citing continuous disruptions and personal and negative remarks against [...]

Amazon founder overtakes Bill Gates to become world’s richest man

New York, July 27 (IANS) A rally in e-retail behemoth Amazons share price on Thursday propelled founder Jeff Bezos to the top of a list of the worlds richest individuals, media reported. Bezos, who is also Chairman and Chief Executive of the [...]

Infosys pays $1 million for ‘visa abuse’ in US

Bengaluru, June 23 (IANS) Global software major Infosys Ltd paid $1 million (Rs 65 lakh) to settle a litigation on the alleged abuse of visa rules, said New York State Attorney General Eric T. Schneiderman on Friday. “Infosys has agreed [...]

Sacked Infosys immigration head files lawsuit alleging discrimination

Bengaluru, June 21 (IANS) Sacked Immigration Head of Infosys Ltd Erin Green has filed a lawsuit before the US District Court at Texas, alleging discrimination and retaliation by the senior management of the global software major. The civil [...]

Indian techies forming union to protect jobs amid layoffs

Bengaluru, May 23 (IANS) Hundreds of Indian techies working as software engineers or providing back office services to global firms are setting up a pan-India trade union to protect their jobs amid layoffs by many IT firms, including Infosys, [...]

US dollar slumps amid Trump uncertainty

New York, May 20 (IANS) The US dollar declined against other major peers on Friday as uncertainties about whether Trump administration could continue to push its economic reform agenda weighed on the market. The White House earlier this week [...]

White House welcomes Infosys move to hire 10,000 Americans

Washington, May 3 (IANS) The White House has welcomed the announcement by global software major Infosys to hire 10,000 American workers in the next two years, calling it a “political victory”. “We’re glad to see companies [...]

Trump’s H1-B fallout: Infosys to hire 10,000 US techies

Bengaluru, May 2 (IANS) Global software major Infosys on Tuesday said it would hire 10,000 American workers in the next two years, a move seen as a fallout of US President Donald Trump’s executive order on H1-B visas a fortnight ago. The [...]