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Former British finance minister Rishi Sunak – a frontrunner to become Britain’s next Prime Minister – has family ties to a technology partner of the World Economic Forum that has advocated for a Chinese Communist Party-style economy complete with trackable, digital identities and currency. Sunak, who topped the second round of voting by Conservative Members of Parliament (MP) in the Tory leadership race on July 15th following Boris Johnson’s resignation, is widely considered the “neoliberal” or “globalist” candidate. The father of Sunak’s wife Akshata Murthy is the founder of Infosys, an Indian information technology company that provides services to a...

Highlights • Last year, Infosys had announced setting up of four such hubs and hiring about 10,000 locals in the US by 2019 • Infosys has hired over 6,200 American workers since May 2017...

India-based information technology company Infosys said Thursday it will hire 2,000 workers at its planned North Carolina hub over the next four years. Infosys executives were joined by North Carolina Gov. Roy Cooper at a news conference in which they said the hub will be developed in the state's Research Triangle region. The company expects to hire the first 500 North Carolina workers within two years as part of an overall strategy leading to eventual creation of 10,000 job overall across the four sites. The first was announced for Indiana in May and the other two locations haven't yet been...

A civil settlement announced Wednesday requires tech giant Infosys Corp. to pay a record $34 million over allegations of systemic visa fraud and abuse of immigration processes. By circumventing the process, Infosys was able to use lower-paid workers to increase its profit and gain an unfair advantage over competitors, authorities said at a news conference in Plano. Infosys admitted no wrongdoing under the settlement. It agreed to the payment as well as greater oversight of practices that bring foreigners to the United States for work in American companies. The settlement is the largest payment levied in an immigration case, authorities...

It's called outsourcing. American firms do it because foreign labor can be cheaper. But now, one company is being accused of bringing those lower-paid workers to the U.S. illegally and that may be costing Americans jobs. -- snip -- Palmer says Infosys, the global high-tech giant, engaged in a systematic practice of visa fraud, a charge the company denies. Palmer said the first thing to catch his attention was an employee that had been in the U.S. from India several times before. "He came up to me and he was literally in tears," Palmer said. "He told me he was...

No job cuts in India's IT industry: Infosys co-chair 22 Oct, 2008, 1304 hrs IST, IANS Print EMail Discuss Share Save Comment Text: TOKYO: There will be no pink slips in the Indian information technology industry as it has countered the impact of the current global financial tsuna mi well, according to Nandan Nilekani, co-chairman of Infosys Technologies. "The fundamentals in the information technology sector are strong. I do not see any job cuts," Nilekani, who is a member of a business delegation accompanying Prime Minister Manmohan Singh here, said on the margins of a meeting here. "At Infosys, we...

I read that it used to cost about $70 on average for a computer geek to walk from cubicle to cubicle to install the needed software on individual PCs at different work stations. Now, IBM has 200 people in Toronto running a software installation factory for clients worldwide. Packages are delivered over the Internet to machines at 20 cents per PC. Whoa! Big difference! Giants in the PC market don't have the luxury of making gradual changes in the way they do things anymore. Indian companies have rewritten the rules of competition - because Indians can do it cheaper and...

NEW DELHI: The Infosys brand name has started attracting scores of aspiring professionals from all across the globe who are seeking an exposure to India through one of the most respected Indian companies. The company is expecting 125 interns from leading US, European and Asian Universities at its Bangalore campus this year as part of its internship programme 'InStep'. The first batch of 50 interns has already joined the company for the training programme, a statement from Infosys said. The interns represent 81 universities from the US, Canada, Mexico, France, Germany, Korea and the Philippines etc. In its seventh year,...

The bluest of the blue chip technology companies, Infosys Technologies Ltd., also India's second-largest software exporter, reported a 21 percent jump in quarterly profit on Friday and forecast even better earnings ahead on outsourcing boom. Bangalore-based Infosys, the showpiece of India's thriving services sector, expects "stable prices with an upward bias" in the fiscal year to March 2007, with business from Europe growing faster than other revenue streams. "New businesses are coming in at higher rates. I think we are getting 3-4 percent higher," TV Mohandas Pai, chief financial officer, told in an interview after the result. Nasdaq-listed Infosys forecast...

GM to Outsource $15B in IT Work Thursday, February 02, 2006 DETROIT — General Motors Corp. (GM) said on Thursday it would outsource up to $15 billion of information technology work as it tries to cut costs and restructure operations. Five-year contracts were given to Electronic Data Systems Corp. (EDS), Hewlett-Packard Co. (HP), International Business Machines Corp. (IBM), France's Cap Gemini, the Compuware Covisint unit of Compuware Corp., and India's Wipro Ltd. About half of the $15 billion in five-year contracts were awarded on Thursday, GM said. The world's largest automaker said the initiative was driven by the end of...