Key Developments: Infosys Ltd (INFY.NS)

INFY.NS on National Stock Exchange of India

1,970.75INR
12:53pm IST
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Latest Key Developments (Source: Significant Developments)

ICA Gruppen outsources part of IT operations to Infosys
Monday, 8 Dec 2014 

Infosys Ltd:ICA Gruppen outsources part of IT operations to Infosys.Says this change will decrease costs in stages by about 75 million Swedish crowns starting from 2016 (compared with 2014).Says about 120 people at ICA gruppen and ICA Sweden will be offered jobs with Infosys.Increasing the proportion of outsourcing from 20 pct to about 40 pct.  Full Article

Infosys Ltd's founders to sell $1.1 bln worth shares - Reuters
Monday, 8 Dec 2014 

Infosys Ltd:Four of the founders of Infosys Ltd are seeking to raise about $1.1 bln by selling stakes in the company - Reuters.Founders are offering 32.6 mln shares in Infosys at a fixed price of 1,988 Indian rupees ($32) each.Deutsche Bank is the sole book runner.  Full Article

Infosys Ltd announces dividend payment through bonus shares distribution
Friday, 5 Dec 2014 

Infosys Ltd:Says the ex-date is on Dec. 8.Says the record date is on Dec. 10.Says the payment date is on Dec. 11.Says the allocation parity is the delivery of 1 new share for 1 existing share as bonus shares distribution.Says the centralizing agency is BNP Paribas Securities Services.  Full Article

Infosys Ltd collaborates with Stanford Graduate School of Business to develop world-class education and training
Wednesday, 19 Nov 2014 

Infosys Ltd:Says that it will collaborate with Stanford Graduate School of Business (GSB) to create a comprehensive executive edcation program.As part of this agreement, Stanford GSB will team with with senior Infosys executives, clients and partners.  Full Article

Infosys Ltd and Tableau Software partner on next-generation business intelligence and visualization
Friday, 7 Nov 2014 

Infosys Ltd:Announces a strategic partnership with Tableau Software.Says the partnership will combine the global talent pool and client reach of Infosys with Tableau's analytics technology.Says as part of the partnership, Infosys will integrate Tableau's software into the solutions it deploys to help clients unlock the power of big data. Infosys will use its global training facilities to substantially increase the number of Tableau analytics experts in the company.Says this will ensure that the benefits of business analytics are included within a wide range of client solutions across multiple industries.  Full Article

Infosys Ltd announces cash distribution
Tuesday, 21 Oct 2014 

Infosys Ltd:Says ex date is on Oct. 14.Says record date is on Oct. 16.Says payment date is on Oct. 20.Says gross dividend is $0.4924.Says paying agency is BNP Paribas Securities Services (030).  Full Article

LIC hikes stake in Infosys Ltd-Business Standard
Sunday, 19 Oct 2014 

Infosys Ltd:LIC has shored up its stake in Infosys Ltd to 4.45 pct, purchasing shares that are worth about 14.00 bln Indian Rupees in the July- Sept quarter-Business Standard.  Full Article

Infosys Ltd's chairman resigns
Friday, 10 Oct 2014 

Infosys Ltd:Says Narayana Murthy will cease to be non-executive chairman effective Oct. 10.Says it would not be appropriate for him to be the chairman emeritus of Infosys.Says K. V. Kamath has been elected as the chairman of the Board effective Oct. 11.  Full Article

Infosys Ltd reaffirms FY 2015 revenue outlook
Friday, 10 Oct 2014 

Infosys Ltd:Says that its outlook (consolidated) for FY 2015, under IFRS is for revenue to grow 7 pct. - 9 pct. in US dollar terms.Reported revenue of $8.249 billion in FY 2014.FY 2015 revenue of $8.857 billion - Thomson Reuters I/B/E/S.  Full Article

Infosys Ltd approves bonus issue
Friday, 10 Oct 2014 

Infosys Ltd:Says it has considered and approved and recommended a bonus issue of one equity share for every equity share held, and a bonus issue, viz., a stock dividend of one American Depositary Share (ADS) for every ADS held, respectively as on a record date to be determined.  Full Article

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IT stocks gain after rupee falls to over 9-month low

Reuters Market Eye - Infosys Ltd gains 1.6 percent, Tata Consultancy Services Ltd is up 0.8 percent.

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