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.
Its aim is to make computer programming accessible for everyone.
Vishal Sikka, chief executive officer of Infosys has become the highest-paid professional CEO in India.
Vishal Sikka, the IT services firm's high-profile 'servant-leader', wants to go fast forward by pressing the innovation key. Will it click?
Sources said the spin-off, a joint venture company, was yet to be named.
'The problem is not the performance under Vishal Sikka, but the quality of Infy's board of directors, argues Debashis Basu.
Vishal Sikka said such a plan is on the anvil.
Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
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.
Government is set to release CPI for the month of May and Index of Industrial Production IIP for the month of April today.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
First acquisition under Sikka's plan of buying technologies for tomorrow
Indian corporate are fast tapping the international bonds market to raise funds for their operational expenses even as they reduce their presence in the rupee bond market. As bonds are costlier for companies and investors are more sceptical than the banks, chief financial officers say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points. "For corporate with reasonable credit quality, the Indian bond market has become less of an option from a cost point of view. "In addition, conditions imposed in the Indian bond market by investors post Franklin episode have also become very onerous," said Prabal Banerjee, president-finance of Bajaj group. "Hence very few corporate are looking at the local bond market for resource mobilisation, since both, bank loans and the overseas bond markets are much more attractive," he said.
Refutes claims of differences between board, founders and Sikka; board needs to do better scrutiny, says Mohandas Pai.
This rise was spurred by record kharif sowing - after a good rabi season - that ensured high disposable incomes in rural India.
Over the last years, taking the helm at Infosys has always had a strong resemblance with taking a roller-coaster ride
The city-based firm had witnessed exits, especially of senior level executives, in the last couple of years and one of the main tasks before Vishal Sikka when he took over as the chief executive officer last year was to check the high attrition levels.
The Infosys saga shows how efforts to remote-control a company by its powerful promoter, even with good intentions, might hurt the entity, says Asish K Bhattacharyya.
Sikka's regret over lack of strategic talk with clients hints at larger problem
Infosys said on Monday it would buy Panaya Inc, a New Jersey-based provider of automation technology, for an enterprise value of $200 million
The company's endeavour is to get independent of this visa matter as much as possible, Vishal Sikka said.
Design thinking refers to solving traditional tech problems using newer, different and innovative methods
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
It boosts confidence to investors sitting on the fence.
This will be Infosys' first investment from its innovation fund dedicated to start-ups and emerging technologies.
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.
Apart from Infosys, players like Tata Consultancy Services and Mindtree have also pointed towards weakness in the financial services sector and project delays and cancellations that could impact the growth of the USD 110 billion IT services sector in the near term.
Infosys as working on becoming "independent of the visa issue" as much as possible and hire more locals
Once the IT bellwether, Infosys was also reporting laggard performance and facing harassment allegations by overseas employees.
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?
A lot of my decisions are based on idealism, says N R Narayana Murthy
The company said attrition of high performers had declined to 11.2 per cent during the quarter
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
Companies expect to reach full capacity in August after fixing supply chains that collapsed in the months-long lockdown to contain the coronavirus.
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
Shares of IT giant Infosys erased early gains and ended with a loss of nearly one per cent on the NSE today on profit-booking after the company named former SAP executive board member Vishal Sikka as its new CEO.
Company expects to be back to industry leading growth in FY17.
According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
It left the Bhatt girl feeling a little emotional.
Increase in kharif sowing area, good monsoon, rural cash flows and base effect among factors that have driven volumes.
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