Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
Housing.com CEO takes a dig at Vishal Sikka.
I would prefer a government that is stable and progressive, a government that takes quick decisions, a government that is much more oriented towards creating jobs, and one that attracts a lot of foreign investments, says N R Narayana Murthy.
This is reportedly the first time that the names recommended by a search committee have been shot down by the HRD ministry
Murthy talks about his role at the company, retirement plans and the direction in which Infosys is headed.
Pai, a highflier in the software giant (he is still just under 50), has a zen for cities. As human resources head of Infosys he is constantly scouting around in India for newer destinations where the company can set up shop to beat rising costs. And he is all the time benchmarking these against the worlds great cities to develop an agenda for change and betterment.
N R Narayana Murthy, who returned as Executive Chairman of Infosys on Saturday, said he will be more effective with his son Rohan as an Executive Assistant but made it clear the latter has no leadership role.
Many chairmen & MDs continue to hold reins well into their 80s.
The panel would be chaired by T V Mohandas Pai, formerly a senior executive at IT giant Infosys and currently Chairman of Manipal Global Education Services Pvt Ltd, Sebi has said.
Even though India has major strengths in chip design and in making the software that actually commands the processors to execute specific tasks, chip-manufacturing has never been the country's strength.
Most of the hirings are, however, in the entry or junior level.
Infosys founder Narayana Murthy on Tuesday said he has not given a donation to Arvind Kejriwal for political activities and had declined a request from him for financial assistance two months ago. Murthy had in 2008 agreed to give Kejriwal's Public Cause Research Foundation Rs 25 lakh per year for five years and brought the Tata Social Welfare Trust on board to donate an equal amount for the same period to raise awareness about the Right to Information Act.
'India is a country where many of the problems need local solutions and some be solved using basic science.'
The rupee had rebounded 15 paise to close at two-week high of 61.77 against the dollar at the Interbank Foreign Exchange on Friday.
Sikka ranks 35th in the list.
Murthy indicated that it was the board's wish that he should continue as the chief mentor
The broader NSE Nifty too dived by 131.70 points, or 1.24 per cent, to close at 10,453.05.
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Infosys will develop software for managing the kumbh mela scheduled in Ujjain (Madhya Pradesh) in 2016, he told PTI in an interview.
In the current fiscal (2009-10), the company expects that this may further go down to about 50 per cent. "In fiscal 2010, we expect the variable pay for the senior management to be less than 58 per cent," said Infosys head of HR, education and research T V Mohandas Pai. He is also a member on the Infosys' board. Variable component is as high as 50 per cent in the total pay packet of the senior executives whereas the fixed component constitutes the other half.
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.
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
N R Narayana Murthy, Chairman of the Board and Chief Mentor, Infosys Technologies, outlines the key ingredients to building a great company and the role of 'compassionate capitalism' in society.
The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank. In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.
Police released a 'file photo' of the man, saying it had been 'developed' by them.
The company will move ahead with plans to have second campus on Sarjapur Road.
The buyback, if successful, will surpass RIL's 2012 share repurchase of Rs 10,400 cr
Infosys founder, N R Narayana Murthy, otherwise an admirer of the government, says he's unhappy at the way Sonia Gandhi and Manmohan Singh have handled the Lok Pal Bill issue.
At a time when speculation was rife about its course after the organisational rejig last week, Infosys on Friday validated the changes, exuding strong faith in its leadership pipeline and gave a clear signal that the company was unperturbed by the slew of senior exits in the recent past.
With Democrats having an upper hand in US Congress, the Donald Trump administration will find it difficult to come up with any future legislative changes with regard to visa regulations.
In the last three years, the institute has maintained its fees at Rs 1.58 lakh, stated to be highly subsidised.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
The biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, ICICI Bank, HDFC, Tata Motors, HCL Tech, IndusInd Bank and Axis Bank, rising up to 2.98 per cent.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
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