Aug 25, 2017 07:29 PM IST
In his first press conference since returning to Infosys, the newly-appointed Chairman said he represents 100% of the shareholders.
- Aug 23, 2017 11:36 AM IST
Narayana Murthy postponed his conference call with investors citing health issues, according to Investec.
- Aug 18, 2017 05:10 PM IST
Narayana Murthy’s shareholding may be minuscule but his influence has been large and so has the damage he has caused
- Aug 18, 2017 04:24 PM IST
In every corporate spat, the biggest price is usually paid by the minority shareholders and Infosys is unlikely to be any different.
- Aug 18, 2017 01:45 PM IST
"We have reached a situation that is not tenable," Infosys co-chairman Ravi Venkatesan said, adding that the Board's decisions have not gone down well with the founders.
- Aug 18, 2017 12:36 PM IST
Whether this is a particularly unpleasant hiccup for the Infy stock or the beginning of the end will depend on how well the company’s board has understood the Sikka mantra and the kind of individual they get as a replacement.
- Aug 18, 2017 11:57 AM IST
The Board has, over the course of the past year, tried to resolve the concerns raised by the founders but has been unsuccessful, the Infosys board said in a letter.
- Aug 18, 2017 10:47 AM IST
Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks. Allegations that have been repeatedly proven false and baseless by multiple, independent investigations. But despite this, the attacks continue, and worse still, amplified by the very people from whom we all expected the most steadfast support in this great transformation.”
- Aug 14, 2017 02:46 PM IST
Infosys co-chairman Ravi Venkatesan opens up on all issues that have dogged the company recently.
- Jul 26, 2017 12:59 PM IST
Venkatesan was responding to a query whether the company would prefer to see Murthy, who has been flagging falling corporate governance standards, as shareholder activist or a well-wisher.
- Jun 25, 2017 10:36 AM IST
Over the past few months, the Bengaluru-based tech giant has been receiving flak from some of the founders and former employees over alleged governance lapses and high compensation doled out to key executives.
- Jun 24, 2017 11:05 AM IST
Over the last 5 years, TCS has outperformed the Infosys stock by 42 percent.
- Jun 10, 2017 09:00 AM IST
Murthy has denied it, Sikka told CNBC-TV18 in an exclusive interview. “I have deep trust for them (founders) and respect them,” he said.
- Jun 09, 2017 11:32 AM IST
People privy to the development told ET that the promoters group, led by NR Narayana Murthy and Nandan Nilekani might sell their entire 12.72 percent stake in Infosys, which is worth around Rs 28,000 crore.
- Jun 09, 2017 10:46 AM IST
The Times of India newspaper on Friday had reported the Infosys founders were exploring such a sale, citing people familiar with the developments, although it carried a denial of such a move by one of the firm's founders, Narayana Murthy.
- Jun 01, 2017 11:51 AM IST
NR Narayana Murthy, the father of Indian IT industry and founder of Infosys, has a prescription for the industry in these tough times.
- Apr 24, 2017 12:16 PM IST
The founders are in midst of submitting a list of preferred candidates, which will be presented to the nomination and remuneration committee, sources said.
- Apr 15, 2017 03:27 PM IST
While promoters of Infosys, most notably Narayana Murthy, have voiced concerns over the above-normal payout given to its top executives, Infosys’ performance in Q4 of last fiscal year was uninspiring.
- Apr 13, 2017 01:50 PM IST
For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that India is integrated with the global economy.
- Apr 06, 2017 08:46 AM IST
"The present Infosys' Board has let down its founders and lost credibility to continue. Its members should be replaced with new people," Balakrishnan said on Wednesday, two days after the company justified giving Rao a 70 per cent wage hike even after cofounder N.R. Narayana Murthy opposed it in private.
- Apr 03, 2017 09:59 PM IST
The country's second-largest software services company said the increase in Rao's salary followed a comprehensive survey of best practices and benchmarked senior management compensation with key Indian and global companies.
- Apr 03, 2017 06:47 PM IST
Infosys has written to its institutional shareholders for a reply on what role should promoters play in the day-to-day working of the company.
- Apr 03, 2017 06:24 PM IST
- Apr 03, 2017 04:29 PM IST
Alleging that Infosys' board was "misguided", Pai said the ""fundamental problem" was the pay hike given earlier to CEO Vishal Sikka "without any justification", because of which other executives were also expecting higher pay.
- Apr 03, 2017 12:23 AM IST
Infosys co-founder Narayana Murthy has questioned the pay hike given to COO Pravin Rao.