Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: articles on VAT and GST in India :: list of goods taxed at 4% :: cpt :: empanelment :: TDS
 
 
« Mergers and Acquisitions »
 Deals of the day-Mergers and acquisitions june 20, 2017
 How new funding avenues, M&As are powering India’s renewable energy sector
 Finance Ministry asks PSBs to explore acquisition of smaller banks
 Bank of Baroda, Canara Bank may lead next round of mergers
  Deals of the day-Mergers and acquisitions June 13, 2017
 India’s booming stock market has a downside: It’s making M&As expensive, says BNP Paribas
 Cross border mergers make India favoured FDI route: UNCTAD
 BNP expects challenging 2017 for India M&A deals as stocks rally
 Why Gulf mergers and acquisitions are back on the rise
 Sebi issues listing norms for NCDs in mergers and acquisitions
 Indian chemical industry: Will M&A be a game changer?

Infosys interested in 'bigger scale' mergers and acquisitions, says Vishal Sikka
January, 16th 2015

Infosys, the country's second largest IT services firm, is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.


The Bengaluru-headquartered company, that was once the bellwether of the IT industry, also says it is primarily interested in taking over innovative companies and in areas like automation and artificial intelligence.

Infosys CEO Vishal Sikka, who was brought from German software major SAP last year to revive the company's fortunes, also laughed off suggestions that Infosys itself can be acquired.

"We are here to acquire others and not be acquired, certainly not till I'm here," he told PTI in an interview.

"We are open to mergers and acquisitions and we would love to acquire companies that are innovative. We are looking at companies worldwide, everywhere. There are some areas where you can bolster yourself geographically and so on.

"The main point is that I have no interest in acquiring yesterdays company (technology-wise) just because it adds to the revenue number or to the bottomline and so on," he said, adding that would miss the point.

The first non-founder CEO of the over $8 billion IT services exporter said that the firm is looking at acquiring smaller companies, but is open to bigger ones as well.

"We are interested in acquiring smaller companies, although you never say no to something that makes sense and a bigger scale as well. Primarily the interest is in smaller companies, innovative companies. These areas that I mentioned automation, artificial intelligence", he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions