So far in May, S D Shibulal had purchased the firm's scrips worth Rs 100 crore on May 12, Rs 100 crore on May 19, and Rs 100 crore on May 24 through open market deals.
Infosys co-founder SD Shibulal has a Masters in Physics and Computer Science but he has never been to a business school and yet he continues to inspire through his leadership. In this edition of our Like A Boss series we caught up with him to understand his leadership style and what keeps him inspired.
SD Shibulal along with NR Narayana Murthy and five others had founded Infosys in 1981.
About 78 lakh equity shares of Infosys changed hands via multiple blocks on BSE & NSE at a price of around Rs 1,150 apiece.
Axilor Ventures announced today the call for applications for its Summer 2016 accelerator batch starting in March. For its third batch, Axilor is ...
The Infosys stock fell 5 percent at yesterday's closing. Vibhor Singhal of Phillip Capital believes investors are reading too much into promoters selling their stake and yesterday's selling was an over-reaction.
Deutsche Bank is the sole book runner of the sale and the books were covered just after the launch, said Thomson Reuters publication IFR. It named the founders as Narayana Murthy, Nandan Nilekani, SD Shibulal and K Dinesh.
IRB Infrastructure | Tata Motors | GMR Infrastructure | Infosys | Chettinad Cement | IFB Agro Industries | Biocon | L&T Finance Holdings | Just Dial and Easun Reyrolle are stocks, which are in the news today.
Infosys management provides an insight into the company's third-quarter earnings, reasons behind the profit growth and its strategy ahead.
SD Shibulal, CEO, Infosys said the next fiscal is going to be an "exciting" one as client confidence is seen returning.
The country‘s second-largest software exporter has restructured its business under two divisions which will be headed by B G Srinivas and U B Pravin Rao.
Shibulal says that out of 37 clients addition during the quarter, five of which are Fortune 500 companies, adding, "We have closed five-six large deals. Our large deals are mostly USD 50 million and above. It will get realised over the next three-five years. We have top 25 grown by 3.3 percent and non-top 25 has also grown by 3.4 percent or so."
Shibulal said that the next couple of quarters would be about investing in the business to take it to the next orbit of growth. But he also cautioned that the measures being taken by the company would take a while to translate into growth.
Infosys insiders say V Balakrishnan's prospects for the top job brightened after Murthy's return to Infosys, prompting Vemuri to look elsewhere for a similar position.
When CEOs make the most during happy times, should they share the pain when times are tough?
Infosys beat street in the first quarter, with a 4 percent year-on-year rise in Q1 net profit at Rs 2,374 crore. SD Shibulal, CEO, is cautiously optimistic about the rest of the year and says there is momentum in large deal pipeline.
The Bangalore-based company has maintained its FY14 US Dollar revenue growth guidance of 6-10 percent and expects rupee revenue to rise 13-17 percent this financial year.
Pradhan tweeted that he was resigning to go back to the startup world. He was a member of Infosys' executive council and was seen as one of the candidates for the CEO post once SD Shibulal retires in 2015.
Analysts have welcomed Narayana Murthy's return as executive chairman, however, there are a lot of challenges ahead, including getting its earnings growth back on track with the wider industry.
Murthy's elevation will be seen as a vote of no-confidence in the current CEO SD Shibulal, whose term ends only in March 2015.
Much of Infosys' recent woes have been blamed on its stress on moving to Infosys 3.0 strategy. Here's a quick look on what the strategy really is.
Infosys has been struggling to keep pace with the wider IT industry, it has had to deal with visa lawsuits and its 3.0 strategy is yet to deliver. These are just several challenges NR Narayana Murthy will have to deal with as he returns as executive chairman.
NR Narayana Murthy has returned to Bangalore-based Infosys , the software services exporter, he had founded, at a time the company is going through challenging times and failing to keep pace with its rivals like Tata Consultancy Services , HCL Technologies , Accenture and Cognizant Technologies.
NR Narayana Murthy has been appointed executive chairman to guide the company keeping in mind the challenges the technology industry and the company faces, said KV Kamath who is stepping down as board chairman effective Saturday.
The strategy that is supposed to cement its future is hurting its performance today.