If the only superpower, which calls India an ally, sees the region through an India-Pakistan prism, it is unacceptable. Rather than endorse India's sphere of influence, this undermines it, asserts Shekhar Gupta.
India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022.
In his blog, sikka said, "It is clear to me that despite our successes over the last three years, and the powerful seeds of innovation that we have sown, I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks."
'The romanticism of late night tennis in New York, it's time to move past that'
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
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.
Stamp of approval on CEO's strategy and long-term goal for the company
Experts believe it is extremely important for Sikka to connect with employees to gain acceptance at Infosys, which has had home-grown leaders so far.
In 2015-16, Sikka as CEO took home Rs 48.73 crore as salary (including, bonus and incentives), which is the highest among peers.
He had said the sector was running on a treadmill of lowering costs
Sikka has been appointed as the Executive Vice-Chairman, Infosys said.
In the past two years, Sikka has brought in new measures by putting project managers to pitch how they cut time, saved costs and improved productivity
Infosys has drawn up a vision to position itself as a next generation services company.
Infosys CEO Vishal Sikka, who shuttles between San Francisco and Bangalore to balance his family and work life, believes that India lives in his heart.
Sikka is considered to be the force behind SAP's analytics platform, HANA that had helped the company strengthen its position in the global market.
Team-building, lifting employee morale, stanching the attrition rate are a few immediate tasks on his hands.
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 COO U B Pravin Rao has been named as the interim-MD and CEO of the firm.
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After spending time at several of the company's delivery locations in India over the past week and holding town hall discussions with employees, on Monday Sikka wrote to the company's staff seeking their views on how to improve Infosys.
Asked about his relationship with the founders, Sikka said: "My relationship with the founders? It is wonderful. I meet Mr Murthy quite frequently...I have always had a heartfelt warm relationship with Mr Murthy, probably meet him 4-5-6 times a year."
Infosys has tried to bring stability to the troubled company, which was struggling to maintain its growth momentum in the changing dynamics of technology industry.
Stating that he is looking forward to working with talented Infoscions, Vishal Sikka said, "I am honoured to lead Infosys, an iconic company built by pioneers in the technology industry. I look forward to working with and learning from talented Infoscions around the world."
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.
Sikka has influenced the company to break away from the old mould in more ways than one.
The new CEO will have to move very quickly to first calm the three key stakeholders, employees, customers and the investors: Gartner
Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
As Vishal Sikka settles down at the head of Infosys, he is slowly unveiling his new strategies.
India's second largest IT firm Infosys has extended the tenure of its chief Vishal Sikka by nearly two years till March 2021, saying his initiatives have helped the company move towards reclaiming its industry leadership position.
Perhaps the greatest positive for Mr Sikka is his job knowledge and career record.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
Infosys is looking for acquisitions but for innovative reasons instead of revenue priorities.
Analysts say no pressure on new CEO for immediate results.
The company attributed the cut in guidance to the macroeconomic uncertainties.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
Reaches out to Kris Gopalakrishnan to mentor the company's science and technology initiatives.
She was among the key executives brought in by Sikka from SAP and was overseeing large deals
Vishal Sikka has little time left to turnaround Infosys.
Sikka dismissed that the new technology and connectivity would create imbalances.
Infosys Ltd will pay its new chief executive officer Vishal Sikka up to $5.08 million in annual salary besides a stock option of $2 million, a package considered lower than global peers.
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