Engaging with shareholders on governance standards: Infosys
Seshasayee, however, hit out at Murthy on Friday for carrying out "personal attacks" and making "false and slanderous accusations" against him, saying he was unable to understand the motivation for the persistent vendetta.
Sep 01, 2017, 17:15 PM IST
Promoters intend to participate in share buyback: Infosys
Co-founder Nandan Nilekani has returned to the company for a second innings, this time as non-executive Chairman in a Board-level shake-up that saw the exit of Chairman R Seshasayee along with two independent members.
Aug 28, 2017, 19:42 PM IST
Nilekani's return to Infosys gives company best start in 6 years: CLSA
The founders, led by N R Narayana Murthy, had alleged corporate governance lapses at the country's second-largest software services firm.
Aug 28, 2017, 18:12 PM IST
Infosys shares end over 3% higher on Nilekani's return
The stock jumped 3.14 per cent to close at Rs 941.15 on the BSE. During the day, it went up 4.49 per cent to Rs 953.50.
Aug 28, 2017, 17:31 PM IST
Vishal Sikka denies joining HP Enterprise, post-Infosys
Terming the return of Nandan Nilekani as Infosys` Board Chairman an excellent idea, Sikka said the latter was an extraordinary leader and an iconic man.
Aug 26, 2017, 16:23 PM IST
Not right for me to hang on after Nilekani's return: Vishal Sikka
Sikka's resignation as CEO last week escalated the tensions between the founders and the management of India's second largest software company. He was then named Vice- Chairman.
Aug 25, 2017, 22:25 PM IST
New Infosys chairman Nandan Nilekani to focus on CEO search, strategy
Infosys shares plumbed a more than three-year low on Monday but have risen since on expectations of Nilekani`s return.
Aug 25, 2017, 20:35 PM IST
Infosys board terms past differences with Murthy 'unfortunate'
The company said in a statement, read out by Nilekani, that the Board is focused on the future, consistent with the commitment to good governance.
Aug 25, 2017, 19:15 PM IST
Back to Infosys as there was no one else: Nandan Nilekani
Stating that it was the Board`s "unanimous" decision in wanting him to return to the company, he said he was back with the company as "more than just a founder".
Aug 25, 2017, 17:57 PM IST
Address issues raised by Murthy with facts: Former Infosys employees write to Board
Longevity of the organization has been his ambition and driving force, founded on the cornerstone of a strong value system, they said.
Aug 24, 2017, 20:14 PM IST
Infosys rises 2% on Nandan Nilekani return buzz
On the National Stock Exchange (NSE), the stock closed 2.09 per cent higher at Rs 911.50. During the day, the scrip had touched a high of Rs 918.25 and a low of Rs 902.35.
Aug 24, 2017, 17:05 PM IST
Infosys slips out of 10 most valued companies on NSE
Infosys' market valuation touched Rs 2,00,617 crore, while that of Indian Oil Corporation was marginally higher at Rs 2,00,645.9 crore at the closing on the NSE.
Aug 22, 2017, 00:24 AM IST
Infosys crisis: Pai flays Sikka for blaming Murthy to cover up his 'bad performance'
Sikka's resignation has plunged Infosys into crisis with the company facing several issues, including a suitable replacement as CEO.
Aug 21, 2017, 17:27 PM IST
Infosys shares extend slide; down over 5%
The stock slumped 5.37 per cent to close at Rs 873.50 on BSE. During the day, it slipped 5.75 per cent to Rs 870 -- its 52-week low.
Aug 21, 2017, 17:01 PM IST
Sikka saga: Institutions need to outlive founders, feel experts
Sikka's resignation from IT major Infosys is the second high profile exit of an 'outsider' from a big corporate after Cyrus Mistry was removed as chairman of Tata Sons in November last year.
Aug 20, 2017, 14:52 PM IST
Narayana Murthy's shadow to loom large over search for Infosys CEO
The board, which has blamed co-founder N R Narayana Murthy for the CEO's resignation, has said it will find a replacement by March 31, 2018.
Aug 20, 2017, 14:14 PM IST
US law firms initiate investigation against Infosys
The development comes a day after the IT major, which is also listed in the US, saw its CEO Vishal Sikka resign citing slander by founders, led by NR Narayana Murthy.
Aug 19, 2017, 16:34 PM IST
Infosys to buy back 11.3 crore shares at Rs 1,150 each
The buyback decision comes a day after the company`s Chief Executive Officer (CEO) Vishal Sikka resigned and was appointed Executive Vice-Chairman till a new CEO takes charge by March 31, 2018.
Aug 19, 2017, 13:26 PM IST
Vishal Sikka saga: Twitteratis have a field day with puns, digs
As an action-packed day unfolded at Infosys with the abrupt exit of CEO Vishal Sikka, amused twitteratis exhibited their witty sides with hilarious digs and puns around an otherwise acrimonious corporate drama.
Aug 19, 2017, 11:50 AM IST
Below my dignity to respond to such baseless insinuations: Murthy on Sikka's allegations
Once a poster boy of Indian IT success story, Infosys has been battered by intense acrimony, with founders accusing the board of poor corporate governance on issues like executive pay and acquisitions.
Aug 18, 2017, 14:24 PM IST
