'We don't know which bus is coming next. I know for sure whatever bus comes next, it will miss that too.'
Interview with V Balakrishnan, Former CFO and board member of Infosys and AAP leader
'The Aam Aadmi Party is the most successful and exciting start-up by an IIT-ian in the history of India,' former Infosys CFO V Balakrishnan tells Rediff.com's Vicky Nanjappa.
The Election Commission (EC) on Thursday said it has resolved the issue of some Electronic Voting Machines (EVM) showing an extra vote during a mock poll in the north Kerala district of Kasargod.
My interest is to work with young entrepreneurs to build businesses and see if I can add value to the boards of other global companies.
ADGP (law and order), A Arun, told reporters in Coimbatore citing preliminary investigation, Vijayakumar was undergoing treatment for "depression" for the past few years.
A police release in Coimbatore said a case has been registered in the Ukkadam police station over the incident.
Rediff.com's Vicky Nanjappa joins the campaign trail with former Infosys chief financial officer V Balakrishnan in Bangalore Central constituency.
Ex-Infosys CFO V Balakrishnan said the IT companies 'have to get employees who understand new technologies, they have to get rid of some of the employees, who are more on the legacy, and try to attract talent which is more digital'.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
Mylapore DCP V Balakrishnan's work in replanting uprooted trees has inspired local youth.
Information technology industry veteran V Balakrishnan on Thursday criticised the new digital rules, alleging that they appear to be unduly compromising the privacy right of citizens. The two key issues with the new IT rules relate to user privacy, which is a fundamental right, and the oversight mechanism lying fully with the executive arm of the government, said the former chief financial officer of Bengaluru-headquartered IT major Infosys Ltd.
Tejas Networks, a telecom and network firm, on Thursday said an arm of Tata Sons will acquire controlling stake in it for nearly Rs 1,890 crore in a multi-step deal. The company has executed definitive agreements with Panatone Finvest, a subsidiary of Tata Sons (Tata group holding firm), it said in a statement. As part of the agreement, the company will make a preferential allotment of 1.94 crore equity shares at a price per equity share of Rs 258 per share aggregating to Rs 500 crore to Panatone.
Former Infosys CFO V Balakrishnan will be the Aam Aadmi Party's candidate from Bangalore Central Lok Sabha constituency while journalist Ashish Khetan will contest from New Delhi as the party announced its fourth list of candidates for 61 constituencies on Monday.
Balakrishnan, Pai write to board, seek correction in 'dramatic valuation disconnect' between shares of Infosys and its peers.
Modi vs Kejriwal duel has triggered a spike in voter turnout, says Aparna Kalra
Their investments in start-ups exceed Rs 1,000 crore at present.
To an outsider, the exits could signal turmoil and, perhaps, even trouble. But, Infosys, on the contrary, seems to be back as stock markets' darling.
In yet another high profile exit at Infosys, India's second-largest information technology (IT) services company, Ashok Vemuri, head of operations (Americas) and global head (manufacturing and engineering services), has resigned.
The suggested buyback price of Rs 3,850, which also is the stock's 52-week high, is at 6.7 per cent premium to the Wednesday's intra-day high price.
A survey of CEOs shows corporate India is unsure about the party's ideology, with some feeling its left-of-the-centre politics can be detrimental in the long run.
As front-runners for the CEO positions leave, speculation is rife that Infosys will have to look for a suitable candidate outside the company.
The development comes at a time when Infosys' shares are trading at a record high.
Currently the vice president and head of finance, Bansal will take over as CFO from November 1.
The move will establish a level-playing field for domestic investments in start-ups compared to foreign-based sources.
CFO admits for the first time that some amount of conservatism has set in.
Infosys on Thursday said it is "seriously looking" at acquisitions as the company understands the importance of growth through buying out other companies.
Infosys describes him as "a very bright star in the finance department", with it for 13 years and working under Balakrishnan for the past four years.
Bala gets Murthy's open backing but it's an open field in this long run-up to Shibulal's handing over.
His resignation comes at a time when the company ventured in acquisitions. Bala has been one of the key players in driving this inorganic growth strategy.
Consecutive quarters of missed targets have alarmed the investor community.
Hobbled by the European crisis, countries like France and Germany who once fiercely resisted offshoring IT jobs are increasingly doing so, sending coveted contracts India's way.
The hiring plan, which includes 13,000 jobs for its BPO operations, will be adhered to despite an uncertain global economic growth environment and the wage-hike freeze.
Infosys Technologies will soon induct two of its top executives to its board, to fill the vacancies left by the resignations of human resources and administration director Mohandas Pai and co-founder K Dinesh.
"We are going to add 35,000 more people next year, which includes 13,000 people for the BPO operations," Infosys Member of the Board and Chief Financial Officer V Balakrishnan said.
Shareholders bid adieu to the co-founder and chairman who will retire in August.
The company's revenues were up 21.7 per cent to Rs 9,858 crore (Rs 98.58 billion) in the second quarter from Rs 8,099 crore (Rs 80.99 billion) in the year-ago period, Infosys said in a BSE filing.
This currency volatility is also a problem faced by countries such as Brazil, Korea and Thailand, which are putting up restrictions by increasing taxes to stop speculative inflows into their country.
The market breadth was very negative. 2022 stocks had declined while 977 had advanced.
According to outsourcing advisors and experts, while almost half of the deals are likely to see delay, the others are expected to be renewed at a lower price as enterprises ask for discounts in roll-over contracts.
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