Try GOLD - Free
Infosys to acquire 75% in Australia's Versent
The New Indian Express Kozhikode
|August 14, 2025
INDIA's second-largest IT firm - Infosys announced on Wednesday that it is acquiring a 75% stake in Versent Group, a leading digital transformation solution provider and wholly-owned subsidiary of Australia's Telstra Group for $153 million or about ₹1,300 crore.
The deal will form a joint venture between Infosys and Telstra for collaboration to propel AI-enabled cloud and digital solutions for Australian businesses. While Infosys will have operational control, Telstra will continue to retain a 25% minority stake in Versent, reflecting its confidence in shared potential for growth and customer value, combining Telstra's connectivity, Versent's digital engineering expertise, and Infosys' global scale, said Infosys. The transaction is likely to close during the second half of FY26, subject to regulatory approvals and customary closing condi
This story is from the August 14, 2025 edition of The New Indian Express Kozhikode.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Kozhikode
The New Indian Express Kozhikode
ASIA CUP Pak flip-flop delays match versus UAE
THE Asia Cup continues to deliver drama— off the field.
1 min
September 18, 2025
The New Indian Express Kozhikode
HC flags weight drop of 'gold' plates, orders probe
THE Kerala High Court on Wednesday ordered a probe into the “glaring and unexplained reduction” of 4.541 kg in the combined weight of the gold-cladded copper plates of dwara-palaka idols of Sabarimala temple and the 'peedams' on which they stood when they were weighed a month apart in 2019.
1 min
September 18, 2025
The New Indian Express Kozhikode
EU sets year-end target for India free trade pact
Strategic framework evolved for enhanced ties on trade, security, climate, technology
1 mins
September 18, 2025
The New Indian Express Kozhikode
In a 1st, pvt firm vets NIRF rankings
INDIA Rankings 2025 released by the Education Ministry a fortnight ago was vetted by a private firm—the first such instance since the inception of the rankings in 2015.
1 min
September 18, 2025
The New Indian Express Kozhikode
Trade talks positive, forward-looking: India, US
INDIA and the US on Tuesday resumed high-level negotiations for the long-pending bilateral trade agreement.
1 min
September 17, 2025
The New Indian Express Kozhikode
Corporation defies collector, Kannur's war-era siren to keep ringing
THE six decade-old 'rhythm' of Kannur town will not be silenced.
1 min
September 16, 2025
The New Indian Express Kozhikode
US team arrives for trade talks today
US TikTok deal done, Trump-Xi talks on Friday
1 mins
September 16, 2025
The New Indian Express Kozhikode
Cracks within Cong leadership after Rahul's House visit
RAHUL Mamkootathil's short-yet-damaging visit to the assembly on Monday has led to a virtual divide within the Congress leadership.
1 min
September 16, 2025
The New Indian Express Kozhikode
SC stays a few provisions of Waqf Amendment Act
Abolition of 'waqf by user' prima facie not arbitrary: Interim order
1 mins
September 16, 2025
The New Indian Express Kozhikode
Court flags discrepancies in gold plating records of Sabarimala idols
THE Kerala High Court on Monday raised concerns over missing details of the gold used for cladding the 'dwarapalaka idols' on either side of the sreekovil at the Sabarimala temple, pointing out discrepancies between official records from 1999 and the handover documents of 2019.
1 min
September 16, 2025
Listen
Translate
Change font size