Think & Learn, which owns edtech brand Byju's, on Monday moved the National Company Law Appellate Tribunal against the NCLT order, which last week declined its plea to restrain Aakash Educational Services from convening its EGM for the rights issue.
Murthy's charges, he said, are patently false and slanderous.
Seshasayee has been an independent director on the company's board since January 2011.
Managing director of Ashok Leyland R Seshasayee was elected CII president while Sunil Bharti Mittal of Bharti Telecom became the vice president on Wednesday.
Nalini Sriharan, convicted in the Rajiv Gandhi assassination case and released from prison last year, on Thursday approached the Madras high court seeking to direct authorities concerned to release her husband from a special camp in Tiruchirapalli, to enable him to live with her in Chennai.
Justice N Seshasayee said in his order on September 15 that the court is conscious of 'the very vociferous, and at time noisy debates on pro and anti Sanatan Dharma' and the court could not help pondering over with genuine concern for what is going around.
The Madras high court on Wednesday set aside an order of the previous AIADMK regime to convert late Tamil Nadu Chief Minister J Jayalalithaa's residence, 'Veda Nilayam' in Chennai as a memorial.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
I have no hesitation to say that the cultural milieu is different, said chairman R Seshasayee in a rare media interaction.
J Deepa, niece of late chief minister of Tamil Nadu J Jayalalithaa, officially received the keys to the Poes Garden residence of her aunt on Friday, bringing to close a protracted legal battle to obtain the custody of the palatial building.
Former CFO V Balakrishnan seeks exit of Infosys chairman, co-chairman R Seshasayee, co-chairman Ravi Venkatesan, audit committee chairman Roopa Kudva and nomination committee chairman Jeffrey S Lehman.
Junking Murthy's claims, Infosys said the board did all it could to look into whistle-blower complaints of corporate governance lapses, particularly those related to acquisition of Panaya.
The matter pertains to the Rs 173.8 million severance offer given to former CFO Rajiv Bansal in October 2015 when he was allegedly forced to step down due to differences with then chief executive Vishal Sikka over the acquisition of Israeli technology firm Panaya for $200 million.
Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
The founders, who hold 12.75 per cent stake in Infosys, together with a dozen leading institutional investors with a cumulative stake of about 10 per cent forced the Infosys board to bring back Nilekani.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
The share buyback -- which will be the first in the company's 36-year history -- has been a long-standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
Automobile manufacturer Ashok Leyland Ltd plans to cut 1,000 jobs during 2003-04, and to improve productivity through better processes and standardisation, R Seshasayee, the company managing director, said.
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.
A lot of my decisions are based on idealism, says N R Narayana Murthy
While Infosys board gave a clean chit to the Panaya deal, Murthy stands firm on his allegations and said, 'sadly, it appears we will no longer know the truth'.
Co-founder Nilekani could take the role of non-executive chairman, becoming a bridge between the board and Murthy, reports Ayan Pramanik.
The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards.
I started my journey as the CEO of this iconic company with a mission to transform it on the basis of software, especially (artificial intelligence), and innovation, enabled by education. Three years later, I feel proud of our progress and achievements: Vishal Sikka.
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
After his visit to Syria in April, Ambassador Rajendra Abhyankar (India's former ambassador to Syria) spoke about the ground realities in Syria and the implications of the Arab uprisings for India.
The results will give an indication whether Nilekani would continue with the software plus services strategy adopted by Sikka, or tweak it to reflect his worldview of the explosion in data.
The signs were visible for a while, but reality has finally hit home.
The court took note of the suicides at IIT-Madras since 2006 and advised the institute to provide periodic counselling to students.
The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
The 34th annual general meeting (AGM) of IT major Infosys held Monday was an exceptional one.
The company also unveiled ESSI 20, truck with emphasis on green and efficient transportation. Seshasayee said the truck embodies 20 innovative ideas that together deliver 20 per cent better fuel efficiency and correspondingly over 20 per cent reduction in CO2 emissions.
Chennai-based Ashok Leyland Ltd, the second largest truck maker in India, has inaugurated an integrated manufacturing facility at Pantnagar, Uttarakhand. This unit, in which Rs 1,500 crore (Rs 15 billion) have been invested, is the company's seventh.
Infosys as working on becoming "independent of the visa issue" as much as possible and hire more locals
Joint Commissioner (Chennai North) M Ramasubramani, under whose jurisdiction the Madras High Court comes, has been transferred in the wake of the clashes between police and advocates in the court premises. Ramasubramani has been transferred and posted as DIG Railways, official sources said.
Financial shares were among the top gainers with HDFC leading the gains.
ICICI Bank chief K V Kamath to be new CII vice president.
Though things are going well for India, the unfinished agenda is still huge and needs to be addressed quickly.
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