Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys Ltd, on Monday announced the successful completion of a global blockchain trial in partnership with enterprise blockchain software companies R3. Financial institutions across 19 countries participated in the trial that was completed in less than five weeks. The global blockchain technology market size is…
Tag: infosys
Will Infosys’ acquisition of Lodestone & Marsh BPO Help Its Flagging Revenues?
Infosys earlier this year was beaten to the third post by Cognizant Technologies in terms of revenue. This, after months of chasing as Infosys was hardly increasing its revenue while Cognizant was literally leapfrogging its yearly business. And the conservative business that the founders of Infosys practised was of no help too. It was only…
Infosys buys UK’s Axon for $753 million
Infosys Technologies said on Monday it had agreed to buy British consultancy Axon Group Plc for £407m (US$753m) as India’s second-biggest software services exporter looks for growth beyond an uncertain U.S. market. The cash deal values Axon at £6 per share, a 19.4 per cent premium over Friday’s close of £5.025 and 33 per cent…
Hyderabad to house world’s largest Infosys campus
Hyderabad will soon have Infosys’ largest campus worldwide. Currently, Bengaluru hosts the company’s largest centre. The director of Infosys, Mr Mohandas Pai, said this after the Chief Minister, Dr Y.S. Rajasekhar Reddy, performed the groundbreaking ceremony of Infosys’ second campus at Pocharam on the outskirts of the city. Mr Pai, said, “This campus, once it…
KV Kamath is Businessman of the year – 2007
ICICI Bank chief executive officer K.V. Kamath has been named Businessman of the Year for 2007 by Forbes Asia, for his steadiness at steering ICICI into one of Asia’s top banks. Under Mr Kamath’s watch since 1996, ICICI Bank’s market capitalisation has risen to $31 billion, placing it among the region’s top 10 banks.“By this…
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