Ad Here  
Plans to double trade with Latin America Carlyle invests in Trehan’s Medanta Medical Centre LANCO opens negotiations with buyers for Karnataka power plant Automobile sector in slump... Lanco to sell Australian acquisition Jet-Etihad Rs 2000 plus crore deal to be cleared German envoy Steiner caps a language row Urja Sangam in Delhi Infosys not to cut prices Smartphone prices may change Renault revving up small car launch SpiceJet in the news again Singapore Airlines prefers Airbus Hyundai Grand i10 awaiting launch How important is Modi’s German visit... While MoTown is on a tailspin, the telecom sector is staging a rally Flipkart India in the red by Rs 280 crore Capital Notes Kolkata kisses goodbye to Ambi? Airlines hit by service tax on lease TCS, India’s biggest block buster Vodafone slapped with tax notice of Rs 3700 crore Latin America beckons India for investments Fox Star Studios to tie-up with Bolly-wood and Kollywood Vodafone to buy out minority shareholders GMR to raise US $ 250 mn thru QIP TVS bullish on the two wheeler market? Excise duty may halt the war in SUV market Trends point to a hung assembly Wal-Mart studying FDI norms post split with Bharti Aircraft lessors to get protection from defaulting airlines Canada screams over IT outsourcing to India Hunt for new finance secretary on... ONGC to draw down on reserves to meet CAPEX needs
Infosys not to cut prices

Infosys, India’s 2nd largest software service provider will not cut prices, though it’s a major gainer from the rupee’s sharp decline in value against the USD. The company’s executive chairman N R Narayana Murthy said that instead the company will focus on increasing value to its clients.

“If you give me a dollar and I give you back two dollars of business value, the value leverage is two,” said Murthy at the Motilal Oswal Financial Services 9th Global Investor’s Conference. He further added: “but if I convince you to give me a dollar and 25 cents, and give you 3 dollars value, then the business value leverage is 2.65. This is a win-win situation for both of us as its better to add business value than reduce prices.”

The Indian rupee has fared the worst among all other currencies of developing countries and has depreciated almost 19 per cent since the beginning of this year. IT companies benefit largely from the rupee depreciation as they earn their revenues in dollars and euros and their wage bill is paid only in Indian rupees.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236