Infosys has previously said that issues with its founders had curbed some growth in FY17.
For Infosys, the news comes at a bad time. The company’s stock, already under pressure due to weak prospects in the IT sector, will be hurt even more.
TCS has been working on boosting revenue from the Tata Group, a move started under former chairman Cyrus Mistry and expected to gain steam under N Chandrasekaran.
In its annual filing with the US Securities and Exchange Commission, Wipro said that the US president was a risk factor that could hurt its operations.
Pravin Rao said that the company's consulting business will remain muted for the rest of the year as it reworks this unit.
Another cause for concern at Infosys is the fact that its pipeline over the last year has seen a greater proportion of renewal deals.
The Trust is also working with MIT and the TISS to create a Connected Learning Initiative. “The platform will have content to create a more interactive learning experience.
Premji said there is no truth to these unsubstantiated rumours. The stake sale report is baseless and malicious, Premji added.
Ramaswamy said the company was already in talks with publishers and professors from the Indian Institutes of Technologies to place content for online courses.
F7 Labs, Flipkart's US-based research arm, is developing products to help the Indian ecommerce giant improve business processes and customer interactions.
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