It said the decision was a result of the United States government's 'pro-growth economic agenda'.
In January, the company had decided to hand the charge of M&A to Suri.
Murthy comes at a time when the company is losing market share, profitability, and has lost control over predictability of the business.
The company expects its 2017-18 revenue to grow between 6.1 per cent and 8.1 per cent in dollar terms and 6.5-8.5 per cent in constant currency terms.
In Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
Earlier this week, MCA had asked rival Tata Consultancy Services for temporary assistance to resolve glitches related to the electronic filing system MCA 21 -- currently being implemented by Infosys.
Infosys, India's second largest information technology services company, which had seen some top-level attrition last year, has both embarked on a leadership development programme and trying to ensure those targetted are contented with their compensation.
"Power to purchase its own equity shares or other securities by way of a buy-back arrangement has been included and provisions relating to nomination facility for shares by a shareholder have been inserted," the Infosys postal ballot notice, uploaded on the company's website, said.
The company will move ahead with plans to have second campus on Sarjapur Road.
Will Infosys, which will announce its Q2 results on Tuesday, be able to break away from the single-digit growth rates the IT services sector has been seeing?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
According to the latest annual report for 2017-18, the percentage of the company's employees in the age group of 18-25, came down to 28.16 per cent, from 31.19 per cent in the previous financial year.
'It is not that the H1B visa employees are coming in to displace jobs.'
Pai said more and more people -- whether they are employees, or investors or others -- are coming to the conclusion that this Board has to go and a new one has to come.
Infosys, like many of its peers, has been ramping local hiring in key markets like the US, the UK and Australia to tackle increasing scrutiny around work visas by various governments.
Rediff.com's Vicky Nanjappa joins the campaign trail with former Infosys chief financial officer V Balakrishnan in Bangalore Central constituency.
Infosys had paid Rs 75 crore (Rs 750 million) for buying 50 acres from the government.
Infosys Technologies generates over 60 per cent of its revenue from the US, which is witnessing a slowdown. A falling rupee did help the company tide over the quarter, and S Gopalakrishnan (popularly addressed as Kris) says that new opportunities, geographies and centres of excellence will have to be balanced against billing cycle delays and other pitfalls of the market.
Vishal Sikka said such a plan is on the anvil.
The whistle-blower's letter to Sebi said future disclosures on any wrongdoing could potentially not be exposed if Infosys is let off the hook now.
According to highly-placed sources in the company, Sanjay Purohit, vice-president and head of corporate planning and business assurance at Infosys, has been appointed as head of innovation.
Infosys directors - N R Narayana Murthy, Nandan Nilekani, T V Mohandas Pai (head of HR) and five others - have collectively offered 1.3 crores
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
While Tata Consultancy Services, HUL, ITC and Infosys saw a rise in their market capitalisation (m-cap) for the week ended Friday, RIL, HDFC Bank, HDFC, Maruti Suzuki India, SBI and Kotak Mahindra Bank suffered losses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Striking a cautious note, Infosys Technologies' Chairman, N R Narayana Murthy, has said early signs of the global economy emerging from recession cannot be taken for granted.
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
Infosys Technologies, will announce its Q4 and FY15 results on April 24
Reaches out to Kris Gopalakrishnan to mentor the company's science and technology initiatives.
On a sequential quarter on quarter basis, the net profit has moved up by 2.6 per cent while the topline grew by 3.5 per cent.
Ending all speculation, Infosys, India's second largest IT services company today announced Vishal Sikka, the former chief technology officer and member of executive board at enterprise software maker SAP, as the new CEO & MD.
Company feels automation is a big tool to drive down costs and improve efficiency
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
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