Infosys, after founder's return, hikes pay across the board
June 13, 2013 9:00 PM EST
Infosys, India's second-largest software services provider, announced pay increases for all eligible staff, in its first concrete step made public after the return of founder Narayana Murthy to an executive role.
Eleven years after he was last CEO of Infosys, Murthy returned as executive chairman on June 1.
He faces the challenge of steering the company to stronger growth after two years of disappointing results that saw Infosys, once Indian IT's bellwether, lose market share to rivals such as Tata Consultancy Services and U.S.-based Cognizant Technology Solutions.
The pay increase will be effective July 1 for most staff, while the company's global sales force will see increases effective May 1, the company said.
(Reporting By Harichandan Arakali; Editing by Sunil Nair)
Most Popular Slideshows
- Kate Middleton’s Mom Accused Of Being A Social Climber, Prince George Not Seen By Relatives
- Prince Harry & Camilla Thurlow Getting Serious, St. Tropez Holiday Before The Prince’s 30th Birthday [PHOTOS]
- Angelina Jolie & Brad Pitt Heads to Malta For New Movie After A Whirlwind French Wedding [PHOTOS]
- Top 5 Richest Tennis Athletes
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Apple iWatch is iPhone 6 Accessory on Sept 19 Release Date: 6 Confirmed Specs & Features
- Sept 19 iPhone 6 Release Date Firms Up as iWatch Rollout Delayed to Jan 2015 – Reports
- Canada Vs Russia War Erupts Via Twitter on Russia-Not Russia Maps
- James Foley Torture Involves CIA Waterboarding Technique
- Malaysia Airlines to Axe 4,000 Employees, Including CEO; Suspends Trading of Shares
- West Looks Divided in Tackling Russian Invasion In Ukraine
- North Korea Banker Who Manages Money of Kim Jong-un Defects to Russia With $5 Million