Infosys had earlier this year decided to expand its 'Innovation Fund' five times to $500 million to provide financing to start-ups and new technologies.
Sikka said he needs to move forward and return to environment of respect, trust and empowerment, where he can take on new lofty challenges.
After four months of slide, the week since it announced a new CEO has seen the Infosys scrip gaining nearly 50 basis points in index weight.
Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's) Monetary Policy Committee kept the repo rate unchanged last week, noting that as rural demand catches up, consumption is expected to support economic growth in 2024-25.
The event, organised by Deutsche Messe AG, is held each year at the Hanover fairground, the world's largest, in Hanover, Germany.
Beating market expectations, Infosys had reported a 13 per cent jump in consolidated net profit for the third quarter
Quits as SAP board member; had made presentations before Infy board in January.
The actors star in the biopic, Amar Singh Chamkila, which has music by A R Rahman.
Housing.com CEO takes a dig at Vishal Sikka.
Infosys has been struggling to revive high growth for two years.
Infosys is on a growth path post a dull Q4.
Infosys has slashed the full-year revenue guidance to 10.5-12 per cent in constant currency terms.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
In his first email to employees, Vishal Sikka exuded confidence that he will build a sustainable business.
Mutual funds (MFs) added systematic investment plan (SIP) accounts at a record pace in 2023 with the net additions in the calendar year surpassing 15 million - 24 per cent higher than the 2022 tally of 12.2 million, according to data from the Association of Mutual Funds in India (Amfi).
Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1.
Earlier in the day, the Indian women's table tennis team of Diya Parag Chitale, Ayhika Mukherjee and Sutirtha Mukherjee scripted a facile 3-0 victory over Nepal.
Infosys burnt its fingers as the biggest loser -- sinking as much as 9.60 per cent to Rs 923.10 -- after the surprise announcement. Intra-day, it hit a low of Rs 884.40.
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.
In our case, the reason for this downward revision of guidance is because there are clients where we have had one time hits because of ramp-downs and things like this, says the Infosys CEO.
The unexpected missile attack on a second India-bound ship carrying Russian crude, just three weeks after the first, has complicated matters for domestic refiners. India now counts the Vladimir Putin-led nation as its biggest oil supplier, according to Paris-based market intelligence agency Kpler, and these attacks come on top of US sanctions since December, where vessels that bring crude to India are facing heightened scrutiny. Panama-registered Pollux, which loaded crude at the Sheshkaris oil terminal in the Russian port of Novorossiysk on January 24, was scheduled to deliver the medium, sour Urals grade to Paradip port on February 28.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
Steadily marching ahead for almost a decade now on the strength of his unassuming versatility, the 35 year old is ready to showcase his mettle in one of the most challenging roles of his career as India's first Field Marshal Sam Manekshaw in Meghna Gulzar's biopic, Sam Bahadur.
Infosys' chief executive officer and managing director Vishal Sikka says despite a healthy guidance, he can't say if this would be 'industry leading'.
The company has become very big in the past 10 years -- it has grown almost 10 times; that is an unbelievable pace of growth, said the Infosys CEO.
Mahindra & Mahindra (M&M) is setting up a greenfield tractor plant in Mohali near Punjab. Fueled by a strong domestic demand, the expansion is the first in a decade by the world's largest tractor maker. In 2012, the company had set up a facility at Zaheerabad in Telangana.
Sources said the promotions, most of those on the delivery side of the business, would be handed out before October.
Infosys aims to achieve an aspirational goal of $20 billion in topline by 2020.
Key elements in strategy are automation and advanced technologies being used to improve efficiency, productivity.
Infosys to adapt to new business strategies.
It's been three years since Meghna Gulzar's espionage thriller Raazi released on May 11.
India and Pakistan's tumultuous relationship is fodder for drama in many Bollywood movies. Be it Partition, war, jingoism or aman ki asha, there is a movie for every theme and timeline.
It's time to awaken the patriot in you!
With the festival sales in full swing, e-commerce firms are ramping up hiring to meet the increasing consumer demand. Close to 300,000 new jobs have been created in the sector so far and over 500,000 more jobs are expected to be added till Diwali, according to a report by TeamLease. The demand for gig workers is, however, not restricted to tier-1 cities. Tier-2 and tier-3 cities have seen an increase of 40 per cent, with a higher demand for delivery workers, according to a TeamLease report.
Wrestler Divya Kakran defends WFI chief Brij Bhushan
'The big thing is on the works on Zero Distance, the initiative to bring innovations in every project.'
Murthy said he was anguished by the allegations, tone and tenor of statements made by the Infosys board.
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.
Infosys Senior Vice President Sanjay Rajagopalan has resigned from his post, a month after Vishal Sikka stepped down as the company's MD and CEO.
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