.jpg)
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.
The NSE Nifty reclaimed the 9,800 mark
Nilekani has kept pace with technology advances, has been instrumental in digitalising the country, and is well-networked with the bureaucracy and global leaders
All major Indian IT services providers are keenly watching US President Donald Trump's potential actions on immigration law. Ayan Pramanik reports.
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.
In a statement, Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of Infosys resulting from allegations that the company may have issued materially misleading business information to the investing public.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
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.
Gopalakrishnan, who is the immediate past President of CII, is the Chairman of the summit.
In FY16, Infosys had 48 employees in India who were paid more than Rs 1 crore in annual compensation, as compared to 111 in FY15.
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.
Infosys: Sikka magic may revive double-digit revenue growth
Sikka ranks 35th in the list.
Company expects to be back to industry leading growth in FY17.
'The problem is not the performance under Vishal Sikka, but the quality of Infy's board of directors, argues Debashis Basu.
'Employees find work challenging and fun'.
Even after this sale, the founder group will continue to have a substantial shareholding in the company.
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.
Through these new hires and centres, Infosys will also focus on enhancing its play in new technology areas like artificial intelligence (AI), machine learning, user experience, cloud and big data.
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.
Pai argued that at a time when the salary for entry level software engineers had not been raised in the IT industry in India for the past seven years, it was totally wrong to hike the compensation for top-level executives.
The company said attrition of high performers had declined to 11.2 per cent during the quarter
The event, organised by Deutsche Messe AG, is held each year at the Hanover fairground, the world's largest, in Hanover, Germany.
India's innately hierarchy-prone corporate culture produces its share of willing sycophants, says Kanika Datta.
Infosys has said it will look into allegations that $200-million Panaya deal was significantly overvalued.
Its aim is to make computer programming accessible for everyone.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
N Chandrasekaran received Rs 2.62 crore (Rs 26.2 million) as perks.
Infosys usually gives a wage rise to employees every April.
Vishal Sikka said such a plan is on the anvil.
Infosys now plans to re-purpose Skava's micro services-based business and re-focus Panaya's suite of products.
Infosys co-founder N R Narayana Murthy on Monday denied that he had withdrawn his concerns about governance lapses at the firm, saying the board has to address these "properly" and "full transparency should be displayed and people responsible for it should become accountable".
The transformation will be driven by the number of initiatives the company has identified.
.jpg)
Infosys will develop software for managing the kumbh mela scheduled in Ujjain (Madhya Pradesh) in 2016, he told PTI in an interview.
Infosys has raised its annual revenue growth guidance in constant currency terms to 8.4-8.8 per cent for the current fiscal.
Infosys has a new M&A head to enhance trust on inorganic growth.
The new move is expected to help boost employee morale.
Infy board gets law firm to probe 'lapses', appoints Cyril Amarchand Mangaldas to engage with founders.
Refutes claims of differences between board, founders and Sikka; board needs to do better scrutiny, says Mohandas Pai.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances