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Infosys to acquire 75% in Australia's Versent

The New Indian Express Hyderabad

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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.

- ENS ECONOMIC BUREAU @ New Delhi

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

The New Indian Express Hyderabad से और कहानियाँ

The New Indian Express Hyderabad

Hyd envisioned as ‘Midnight Metropolis’

THE state government plans to position Hyderabad as a “Midnight Metropolis” by 2047, by allowing businesses to operate round the clock. The proposal forms part of the Telangana Rising Vision Document, set for release on December 9.

time to read

1 min

November 25, 2025

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China draws India flak over Arunachal woman detention

Held up at Shanghai airport for 18 hours

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1 mins

November 25, 2025

The New Indian Express Hyderabad

Dec 14 rally against 'vote theft' a pure Cong show

INDIA bloc constituents will not take part in the December 14 rally being organised by the Congress to protest against the Election Commission of India (ECI)'s alleged \"vote theft\".

time to read

2 mins

November 25, 2025

The New Indian Express Hyderabad

Living boundaries for your outdoor garden

WALLS can mark a boundary, but hedges bring a boundary to life. Think about it — a neat line of plants running along the edge of a bungalow garden doesn't just separate \"inside\" from \"outside,\" it frames the entire home like a picture. Hedges are one of the oldest and most reliable tools in landscaping: they provide privacy, reduce noise and dust, and simultaneously soften the hard lines of walls and gates.

time to read

2 mins

November 25, 2025

The New Indian Express Hyderabad

A 'Honest Second Opinion' can ensure right treatment

WITH a view to help patients avoid unnecessary surgeries and reduce unnecessary expenses, Superhealth, a healthcare startup has launched ‘Honest Second Opinion’.

time to read

1 mins

November 25, 2025

The New Indian Express Hyderabad

Level up: PMO to babus on cabinet notes

ONUS ON PULLING TOGETHER IN SAME DIRECTION

time to read

1 mins

November 25, 2025

The New Indian Express Hyderabad

It’s a wrap for Vijay Sethupathi-Puri Jagannadh film

WE had previously reported about director Puri Jagannadh teaming up with Vijay Sethupathi for a Telugu-Tamil bilingual.

time to read

1 min

November 25, 2025

The New Indian Express Hyderabad

Rupee sees biggest single-day gain as RBI props up local unit

AFTER rupee’s worst single-day fall since May 8 on Friday to 89.61, the RBI intervention propped the domestic currency on Monday, helping it post the biggest single-day gain in a month to close at 89.23.

time to read

1 min

November 25, 2025

The New Indian Express Hyderabad

The New Indian Express Hyderabad

Israel FTA: Scale of Indian goods trade unlikely to increase sharply

WITH both India and Israel reinstating their efforts to start negotiating a free trade agreement (FTA), Indian exporters across sectors like electronics and mechanical appliances, gems and jewellery, pharmaceuticals are likely to get the opportunity to tap their export market.

time to read

1 min

November 25, 2025

The New Indian Express Hyderabad

Adani Group’s gross debt increases to ₹3.36L cr, cash balance up at ₹57k cr

ADANI Group said on Monday that it had a cash balance of ₹57,157 crore at the end of September 2025.

time to read

1 mins

November 25, 2025

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