Bansal had dragged the company to arbitration after it halted payouts on his over Rs 17 crore severance.
The company said the purchase price include earn-outs, management incentives and bonuses.
Tata Sons declined to comment. “Every company is investing in digital, creating senior management positions at digital. The group is also doing a similar thing. There is a chief digital officer, there are lot more engagements.
Infosys has had run-ins with overtime matters before. In 2008, it had to pay $26 million to settle disputes.
Infosys will hold a 60% stake in the joint venture and Temasek will hold 40%, the company said in a statement.
Facebook directly employs content moderators but also outsources the task of screening posts.
IT cos are tweaking incentives as mining existing clients become key to boosting revenue growth.
The company said it plans to grow the office into an R&D and customer support centre and is ramping up hiring across engineering, product management, and design.
The Teaneck, New Jersey-headquartered company said it invested more than $8 million on its current expansion in Irving and qualified fora$2 million grant from the Texas Enterprise Fund.
The plan for Ignio, launched commercially three years ago, looks a lot like General Electric’s strategy around its internet-of-things platform Predix.
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