Paramita Bannerjee's  Instablog

Tata Consultancy Services Ltd has informed BSE that by an Order made on April 12, 2013, in the abovementioned Company Summons for Direction, the Honble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Tata Consultancy Services Ltd (Applicant Company), be convened and held at Birla Matushri Sabhagar,19, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai - 400 020 on May 31, 2013 at 3.30 p.m., for the purpose of considering and if thought fit, approving with or without modification(s), the proposed arrangement embodied in the Composite Scheme of Arrangement between Tata Consultancy Services Limited and TCS e-Serve Limited and TCS e-Serve International Limited and their respective shareholders (`the Scheme).

Source - TCS

IT major, Infosys Ltd said that Infosys Finacle has been selected by the Golomt Bank, Mongolia's largest private banking and financial services provider, to power its technology transformation. Golomt Bank's technology infrastructure comprises diverse systems resulting in integration and operational efficiency challenges. The implementation will include Finacle core banking solution along with CRM , treasury, e-banking and mobile banking solution, the company said in a filing to the Bombay Stock Exchange. Moreover, Finacle will modernize retail and commercial banking services across the bank's 85 branches. It will also support Golomt Bank's ambitious growth plans of adding 50 new branches in the next three years.

Source - Infosys

IT major, Infosys Ltd, said that it has received '2013 Environmental Tracking (ET) Carbon Ranking Leader' award for it green house gas emission and disclosure practices.

As part of the selection process, the Environmental Investment Organization, a climate change and finance think tank, assessed the carbon ranking of the 300 largest companies across the five BRICS countries, ranking Infosys in the top five companies, the company said in a filing to the Bombay Stock Exchange.

Commenting on the development, Gopalakrishnan, Founder and Executive Co-Chair, Infosys, said, "Sustainability has been one of the core values at Infosys for several years. We continuously strive to bring creative solutions to reduce our carbon emissions. As well as the environmental and cost benefits, a focus on environmental innovation has created a new business opportunity for us. We are now looking for ways to bring this expertise to the benefit of our clients, providing sustainability services to clients across the world."

Moreover, the key carbon reduction projects at Infosys includes establishment of a 250 Kw solar plant on a campus in Jaipur and a 125 kW solar photo voltaic plant in Trivandrum.

Source - Infosys