Infosys Salil Parekh

Infosys share price slips 4.5% despite raising FY25 guidance; here's why

The IT major's net profit soared 2.2 per cent quarter-on-quarter (Q-o-Q) to Rs 6,506 crore in the September quarter of FY25, from Rs 6,368 crore in the June quarter of FY25 (Q1FY25).

Infosys onboarding delays: Centre asks Karnataka to take appropriate action

The Union Labour Ministry instructed the Karnataka State Labour Commissioner's Office to address the situation and ensure compliance with relevant labour regulations

Infosys, CEO Parekh settle insider trading matter with Sebi; pay Rs 25 lakh

Matter pertains to 2020-21 when IT major entered into a partnership with global asset manager Vanguard

At Rs 66.25 crore, Infosys' Salil Parekh is second-highest paid IT CEO

Delaporte's successor Srinivas Pallia will receive remuneration of about Rs 50 crore in FY25. TCS CEO and managing director K Krithivasan drew Rs 25.36 cr in annual compensation during FY24

Infosys CEO & MD Salil Parekh joins USISPF on its board of directors

Salil Parekh, CEO and managing director at Infosys, has joined US India Strategic and Partnership Forum as its board of directors. An industry veteran with nearly three decades in the IT services industry, executing business turnarounds and managing successful acquisitions, Parekh in his capacity as Infosys CEO sets the strategic direction of one of India's most notable IT giants, while nurturing a strong leadership team to drive its execution. Salil's recent addition to the USISPF Board accentuates the success story of Indian IT giants in the US For years. Infosys has been a household name in India, and IT services are one of India's biggest exports to the United States, said USISPF president and CEO Mukesh Aghi. In an era of digital economy and digital trade, Infosys' success in the US is a testimony to the growing synergy in tech ties and how India's robust tech talent plays an integral part in strengthening and growing the tech sector in the United States, Aghi said. USISPF ...

All employees in Israel safe, informs Infosys CEO amid escalating tensions

Indian IT services company Infosys on Thursday said all its employees in Israel are safe. Amid escalating tensions in the Middle East, Infosys CEO and MD Salil Parekh said its employees in Israel are primarily locals but declined to comment on the exact staff strength there. The company further said it is "saddened" by the situation unfolding in the region. "We have business in Israel in that part of the region and...with what is going on there...we are saddened by it. All of our employees are safe in that business," the Infosys top honcho said during the Q2 earnings briefing. On Wednesday, the country's largest IT services company TCS said it has 250 staffers in Israel and stressed that the ongoing conflict will not have any major impact on its business. TCS has said it is in constant touch with all staffers, and at present, the focus is their safety and to look at how they help the communities they live in. It has initiated business continuity plans wherever necessary to ensure

Salary of Infosys CEO Salil Parekh drops 21% to Rs 56.45 crore in FY23

The annual report of Infosys, for the financial year 2022-23, reveals that the compensation of CEO Salil Parekh amounted to Rs 56.45 crore, compared to Rs 71 crore in the previous year

How does outgoing TCS CEO Gopinathan's salary compare to other IT execs?

TCS CEO Gopinathan resigned on March 16 and will be replaced by company veteran K Krithivasan

Infosys runs 'Accelerate' to avert moonlighting, says it supports learning

Infosys supports 'gig work' for employees but is against dual employment, has fired people who were moonlighting, CEO Salil Parekh said in a media interaction on Thursday

Infosys does not support dual employment; have fired violators: Parekh

India's second largest IT services company Infosys on Thursday made it clear that the company does not support moonlighting and said it has fired employees who were into dual employment over the last 12 months. Infosys, however, did not divulge the exact number of people who were "let go" on account of moonlighting. Last month, Wipro Chairman Rishad Premji revealed that some 300 employees were fired as the IT services company had no place for any employee who chose to work directly with rivals while being on Wipro payrolls. Put simply, moonlighting refers to employees taking up side gigs to work on more than one job at a time. On Thursday, during the Q2 earnings' briefing, Infosys CEO Salil Parekh said the company does not support dual employment. "We don't support dual employment... if we found... in the past, employee doing blatant work in two specific companies where there is a confidentiality issue, we have let go of them n the last 12 months," Parekh said. Infosys is among t

Infosys Q4 result analysis: Buy, sell or hold? What brokerages suggest

The Bengaluru-based IT major saw its revenue rise 23 per cent to Rs 32,276 crore in the recently concluded quarter, as against Rs 26,311 crore in the previous corresponding period

Winners of BS Awards 2021 capture India Inc's growth story

Business Standard Annual Awards for Corporate Excellence 2021 were announced this week. The winners were picked by an eight-member jury after extensive deliberations and capture India's growth story

Infosys may hire more than 55,000 freshers in FY23: CEO Salil Parekh

Second-largest IT exporter Infosys may hire more than 55,000 fresh graduates from campuses in FY23 as it sees a very good runway for growth going forward, says CEO Salil Parekh on Wednesday.

We're open to making large acquisitions: Infosys CEO & MD Salil Parekh

In an interview to Bibhu Ranjan Mishra & Sai Ishwar, Parekh talks about the company's plans with regard to salary hike deferment, fresher hiring, acquisitions, and much more

Covid-19 crisis: IT services companies pad up to reopen offices for staff

Apart from issuing guidelines for employees with dos and don'ts, the companies are using technology-led solutions to ensure social distancing at workplaces.

Second whistleblower letter launching personal attack on Infy CEO, surfaces

This is said to be the 'undated' letter that Infosys had earlier informed in regulatory filing

Best of BS Opinion: In every systemic crisis there is a human factor

Here's a selection of Business Standard opinion pieces for the day

Disclosures not required on whistleblower's charges: Infosys to exchange

The Bengaluru-headquartered firm said that it complied with its whistleblower policy through placing the complaint before the audit committee of its board

First quarter show! Infosys CEO Parekh in action mode after initial watch

Focus on getting more operational control to drive business predictability as he brings more leaders under his direct supervision

Infosys shareholders approve appointment of Salil Parekh as CEO, MD

97.96 per cent shareholders through the physical ballot and electronic mode voted in favour of the appointment of Parekh