Thanks to Aadhaar many activists went to the Supreme Court and they claimed that it was a privacy violation, said the 62-year-old non-executive chairman of Infosys
The system, launched by the previous UPA government, has been "enthusiastically" supported by the current government led by Prime Minister Narendra Modi, and Finance Minister Arun Jaitley, said the 62-year-old non-executive chairman of Infosys -- India's second largest software services firm.
According to a Deccan Herald report, Kiran Mazumdar-Shaw, board director and head of the Nominations and Remuneration Committee (NRC), said Nilekani will not receive any remuneration "as per his request”.
In less than a week, the company lost thousands of crores in market cap, shook investors’ confidence and stunned its clients. The debacle offers some valuable lessons...
In a video message to Infosys staff after taking over as Chairman, Nandan Nilekani said he hopes to contribute to the future of Infosys in a very positive way.
The Delhi based startup which won Rs 3 lakh prize, provides services such as application for a new passport, marriage certificate, PAN Card, police verification on an 'IndiaStack' application platform
Nilekani, who was named as the non-Executive Chairman of Infosys last week, returned to the company after months of acrimony between the founders and the management led to the abrupt exit of CEO Vishal Sikka.
"It is most unfair for people to demand his resignation. He is indeed a very valuable board member as chairman Nandan Nilekani has rightly said. It's sad that people comment so loosely without any credible facts," she told PTI over phone.
There has been a historic overhaul at Infosys as several changes took place at the IT major. This includes co-founder Nandan Nilekani's re-entry as board Chairman and the removal of several members of the board. To know how this will impact the stock and outlook going forward CNBC-TV18 spoke to Ravi Menon, Analyst IT Services, Elara and Mehrab Irani, General Manager-Investments, Tata Investment Corporation.
Balakrishnan, who has been one of the most vocal critics flagging alleged erosion in corporate governance standards at Infosys, also stuck to his demand that co-chair-turned- independent director Ravi Venkatesan step down from the Board.
It was the mega identification project that had prompted Nilekani to leave Infosys after 28 years in 2009 to try his hand at bureaucracy.
In his first press conference since returning to Infosys, the newly-appointed Chairman said he represents 100% of the shareholders.
Infosys has been in crisis over the last few months, with the promoters alleging corporate governance lapses and flagging the USD 200-million Panaya buyout
Speaking to CNBC-TV18, Damodaran said the tensions between the Board and founders that culminated in the resignation of CEO Vishal Sikka did not happen overnight.
An electrical engineer from the Indian Institute of Technology, Bombay, he co-founded Infosys in 1981, and went on to hold several positions at the company, including that of chief operating officer, CEO, president and managing director.
Balakrishnan's comments come at a time when the clamour to bring back Nilekani -- one of the most high-profile founders of the IT firm -- seems to be growing in various quarters.
Clarity on Nandan Nilekani’s role is expected in the next 48 hours, sources said.
According to the signatories of a letter to the board, Nilekani enjoys the confidence of customers, stakeholders and employees and his return to the board would instill credibility.
"The fact that we are talking of using big data is not just some technical mumbo-jumbo, it is actually creating a cycle of investment and growth for India's small businesses, which will lead to economic growth and jobs," he told reporters at an event organised by CII here.
Former Unique Identification Authority of India (UIDAI) Chairman Nandan Nilekani makes a strong pitch for democratising data so that it is available to everybody and not just a few organisations. In an exclusive chat, Shereen Bhan caught up with him and began by asking if he believes that India will be data rich before it becomes economically rich and that the implications that it bears for everyone.
Infosys co-founder Nandan Nilekani said that India has a chance to build a completely new paradigm.
Fundamentum, a platform created for entrepreneurs by entrepreneurs, will extend its corpus to USD 200 million if good opportunities come along, it said in a statement.
Sharad Sharma, prominent angel investor and founder of iSpirt apologised in an open letter admitting to being the man behind the pro-Aadhaar troll accounts on Twitter
Puma will leverage ShopX's digital offline model to scale up its footwear business and help it establish presence in over 1,500 retail outlets in tier II markets, ShopX said in a statement.
Watch the interview of Nandan Nilekani with Vir Sanghvi on CNBC-TV18 in which he shared his views on the recent controversy on making Aadhaar mandatory.