Despite a shrinking market share and declining profitability, Murthy's return helped Infosys get a double thumbs-up from investors.
The report, published by brokerage firm Ambit Capital Research, also says the promoters hold disproportionately high board representation with respect to their total shareholding in the Bengaluru-based company.
Chandrashekar Kakal was operational head of the India business unit.
'Otherwise, the minorities would not have acknowledged his leadership quality. I am happy the BJP is working towards achieving a secular image,' Vellappally Natesan, the OBC leader in Kerala who has created a controversy by supporting Narendra Modi, tells Rediff.com's Shobha Warrier.
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While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period.
Murthy on Saturday said the nation's second largest IT services firm had "diluted focus on meritocracy and accountability" in the past decade, forcing him to take "hard and tough decisions."
This is the first time, perhaps, Infosys has appointed as CEO a person who has never managed P&L or has any experience in managing lakhs of employees.
Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1.
Monday's notices seek damages of Rs 2,000 crore (Rs 20 billion) each from The Times of India and The Economic Times, both owned by Bennett, Coleman & Co, and The Financial Express, owned by the Indian Express group, alleging some of their articles defamed Infosys.
Foreign institutional investors (FIIs) have continued to remain bullish on the Narayana Murthy-led Infosys, taking their holdings to record levels.
Murthy, 68, will cease to be the non-executive Chairman with effect from Oct 10.
Joining the likes of N R Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire L N Mittal said the country is potentially condemning millions to remain in poverty by not helping industrialisation.
No impact of exits on client engagements, says company.
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Be it the industry laggard performance or harassment allegations by overseas employees, Infosys has a tough road ahead and investors will look at Sikka to sort out the issues.
Infosys has has the highest proportion of non-independent directors on its board.
The Telugu film industry mourned the director.
Under a year of him as executive chairman, Infosys, has had "stellar" performance, N R Narayana Murthy said of his second innings at the top in an email to employees.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
Senior exits and across the board attrition have started affecting the company's ability to grow business
Kris is gentle but firm, consultative yet decisive, and thoughtful yet action-oriented
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Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company.
Firm's dented image following Sikka's exit could bring down revenues in the margin rich US market and force Infy to hire fewer Americans, as hiring locals in developed markets comes at a cost.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Perhaps the greatest positive for Mr Sikka is his job knowledge and career record.
The succession strategy has an unmistakable stamp of Murthy's sharp management and leadership acumen - a trait he has been regarded for all this while.
Today, staff morale down the line is low, attrition last year scaled a new high, and even clients have expressed concern at the state of things.
The mesmerising and familiar image of Pandit Jasraj saying 'Jai Ho' and then raising his hands to mark the beginning of his performances will now remain only in the fond memories of thousands of Jasraj's fans and followers across the globe, remembers Ankur Biplav.
Infosys chief N.R. Narayana Murthy has said the company is looking at reducing the number of top officials and subcontractors at onsite locations in a bid to reduce operational costs, according to Barclays.
Infosys Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company's shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.
Forbes said this year's 1,226 billionaires are a record high, up one per cent from last year's total.
Global recovery and internal shake-up at Infosys have worked in tandem.
Reader Murali Krishnan sent us these pictures from Bangalore.
Brokerage firm says recovery under Narayana Murthy to take longer than expected; stock dips 3%.
India's corporate sector sees big ticket deals in 2013.
The company is reaping the benefits of change as focus shifts back to traditionally-profitable businesses and deal volumes.
The son is not being groomed for a bigger role in the company as of now.
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