Infosys Foundation, which was founded in 1996, was registered under FCRA in January 2016 as over 50 percent of Infosys shareholders, which funds the charitable foundation, were foreign sources. However, the amendment to the Act in May 2016 capped the funding to be in line with FDI for that sector and Infosys Foundation no longer came under the purview of FCRA. … [Read more...] about Sudha Murty says no violation of FCRA norms by Infosys Foundation, calls reports ‘misinformed’
Infosys
Infosys to hire 12,000 more in the US by 2022
In addition, IT companies also had condemned the June 22 proclamation that banned the entry of guest visa workers such as H-1B, L-1, J-1 and H-2B. A recent report suggests that Indian IT companies continue to face higher rates of denial with Infosys having more than 50 percent of their new petitions rejected between November 2019 and March 2020. … [Read more...] about Infosys to hire 12,000 more in the US by 2022
Infosys acquires US-based Kaleidoscope Innovation for $42 million
Ravi Kumar, President, Infosys, said in the statement, “This acquisition further strengthens our digital offerings at the intersection of new software technologies and medical devices -- a sector that is expected to witness significant investments and consumerisation in the post-COVID era.” … [Read more...] about Infosys acquires US-based Kaleidoscope Innovation for $42 million
COVID-19 impact | TCS, Infosys to gain the most as clients step up IT spending, says report
In terms of customers, retail clients are investing in online platforms as shops were closed due to the pandemic to drive sales. Large retailers such as Lowes and Kohl are investing in digital platforms to increase online sales. For instance, e-commerce sales increased from 6 percent in FY19 to 8 percent between January and June for Unilever. For Nestle, the report said, e-commerce penetration increased from 8.5 percent in FY19 to 12.4 percent now. … [Read more...] about COVID-19 impact | TCS, Infosys to gain the most as clients step up IT spending, says report
Infosys’ new H-1B denial rates highest among IT firms, Cognizant is close second
Infosys was followed by Cognizant, whose denial rate increased from 8 percent in FY15 to 52 percent in FY20. Other IT companies that had a significant number of their petitions denied include Wipro at 39 percent, Capgemini at 33 percent and Tech Mahindra at 32 percent. In FY2015, their visa denial rate was between 1 percent and 7 percent five years ago. HCL Tech's share increased to 37 percent from 2 percent. … [Read more...] about Infosys’ new H-1B denial rates highest among IT firms, Cognizant is close second
