Infosys Technologies, which is under huge pressure in the market from a nimbler TCS and a Cognizant-on-steroids, is expected to announce a major organizational rejig and name a new chairman and CEO shortly. The announcements may, in fact, come as early as April 15, the day it will announce its fourth-quarter as well as full-year earnings for fiscal 2010-11.
The “no” vote was ahead in Iceland’s referendum on a plan to repay Britain and the Netherlands $5 billion from a bank crash.
Concerned by an apparent rise in business visa fraud cases, the US embassy recently suspended five companies among which wereand Wipro (the two were subsequently reinstated).
Infosys Technologies Ltd became involved in a lawsuit two months ago on charges of visa fraud alleging that the company was sending employees to work full time in the US on B visas, intended for temporary visitors on work trips.