New Infosys CEO to Get Annual Salary of $ 5.08 Million

BANGALORE: Infosys will pay its new chief executive officer Vishal Sikka up to $ 5.08 million in annual salary besides a stock option of $ 2 million, a package considered lower than global peers. Sikka, 47, will replace SD Shibulal and take charge on August 1. India’s second-largest software services exporter sent out a circular calling for an extraordinary general meeting (EGM) of company shareholders on July 30 at Bangalore to approve appointment of Sikka as the new Chief Executive Officer (CEO). According to the circular, Sikka will be paid an annual base salary of $ 9,00,000 and annual variable pay of $ 4.18 million.

http://www.siliconindia.com/news/technology/New-Infosys-CEO-to-Get-Annual-Salary-of–508-Million-nid-168931-cid-2.html

HCL Learning forays into Nepal, Middle East & Africa

NEW DELHI: Bullish on the multi-billion global education sector, HCL Learning today said it has forayed into international markets, including Nepal, the Middle East and Africa to offer customised content in these regions.  HCL Learning, a wholly owned subsidiary of IT firm HCL Infosystems will offer K-12 content in these markets in partnership with local educational service providers and schools.

http://economictimes.indiatimes.com/tech/ites/hcl-learning-forays-into-nepal-middle-east-africa/articleshow/36308190.cms

Former SAP executive Vishal Sikka set to be new CEO of beleaguered Infosys

BANGALORE: Former SAP board member Vishal Sikka is all but certain to be chosen as the new CEO of Infosys, according to two people aware of the company’s plan. The appointment of Sikka, 47, who resigned from the German business software maker early last month, is likely to be announced within the next few weeks.

http://economictimes.indiatimes.com/tech/ites/former-sap-executive-vishal-sikka-set-to-be-new-ceo-of-beleaguered-infosys/articleshow/35914068.cms

Infosys performed creditably, new initiatives to yield results in two years: N R Narayana Murthy

BANGALORE: Infosys Chairman and Chief Mentor N R Narayana Murthy on Thursday termed his company’s performance as “creditable” and assured investors that the company remained on track to regain its lost momentum in two years. In his first address to shareholders since his return last year in June, Murthy asked over 160,000 employees at Infosys to “think big and act boldly” and hinted that bold steps are in the offing he believes “nothing is as painful as staying stuck where you do not belong”.

http://economictimes.indiatimes.com/tech/ites/infosys-performed-creditably-new-initiatives-to-yield-results-in-two-years-n-r-narayana-murthy/articleshow/35167342.cms

India : Tech giants glow pink again as key markets edge back to normal

TAG indexIndia’s information technology sector, after what seems like years, is back to where it once was: optimistic about the future.  The Big Four of India’s software-led services industry that includes business process outsourcing (BPO) pleasantly surprised the markets this month with solid results for the January-March quarter. All four — Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies — showed numbers that were better than analyst expectations that dispelled concerns about persisting worries in advanced economies affecting their business.

http://www.hindustantimes.com/business-news/tech-giants-glow-pink-again-as-key-markets-edge-back-to-normal/article1-1209764.aspx