The fund is allocated primarily for building an instrument called Wide Area Linear Optical Polarimeter
While IT stocks are under pressure, investors are staying away from Wipro because of its continued weak growth
Infosys' m-cap nosedived Rs 8,177.13 crore to Rs 2,30,268.70 crore
Infosys for the second time cut annual forecast in three months on account of uncertain business environment
Telstra captive centre in India in line with global trends; Infosys among largest vendors for Telstra
There have been speculations that Infosys was buying Bansal's silence with the huge severance pay
Their salary is an incentive to reach the company's revenue target of $20 billion by 2020
Some of the recent moves by the company like paying a hefty severance package to the outgoing CFO Rajiv Bansal did not go down well with the investors
Though the evolving nature of the IT industry and changing needs of their clients pose a big risk
Possibility of higher growth and relatively cheaper valuations makes Street more positive on Infosys
Q2 net profit up 6.1% at Rs 3,606 crore; revenue grows 10.1% to Rs 17,310 crore
The firm also inducted founder and CEO of Surya Software Systems D N Prahlad as an independent director on its Board
Infosys has also inducted CEO of Surya Software Systems DN Prahlad as an independent director on its Board
TCS disappointed with weak numbers, while Infosys cut its guidance despite meeting the one set for this quarter
Infosys had warned in August it was seeing some "softness" in business after the June Brexit vote in Britain
The stock has hit 52-week low of Rs 996, down 5% after Infosys cut its revenue guidance for FY17 to 8%-9%
Infosys's EBITDA margin to remain 'flat' on a sequential basis between 24 and 26 per cent, say analysts
HCL Technologies, TCS, Infosys, Tata Elxsi and KPIT Technologies were down between 1% and 3% on the NSE.
The platform has been developed by Skava, a Silicon Valley-based start-up
Some reports had claimed that the company stopped the remaining installments of severance payment of Rs 17.38 crore promised to Rajiv Bansal