'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window.
He will get annual base salary of $1.3 million apart from bonus.
Murthy shares some of the key life events that influenced him.
We have to really focus on improving productivity: infy, COO
Scores of leading SEZ promoters, including Infosys Technologies, CMC Ltd, Hindalco Industries, NIIT Technologies, HCL Technologies, Orient Craft Infrastructure, L&T Phoenix Infoparks and K Raheja Corp, have sought more time from the Board of Approval, which is meeting in New Delhi on June 2.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
US is the largest market for the over $140 billion Indian IT services industry
The government must undo the damage inflicted by the flawed policies of globalisation, and India should be converted into a country where entrepreneurs can thrive and the entire population can participate in the economy, says Arvind Kumar.
The broader Nifty ended on top of 9,800 again.
On Aug 28-31, an average of 1.5 mn e-filed tax returns a day, against IRCTC's daily average bookings of 600,000 & Flipkart's 100,000.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
The event took off with an introductory speech by Dr Ajit Ranade appreciating the achievements of IIT Bombay. Among the other speakers were Dr Anil Kakodkar, chairman of the board of governors, IIT-B, Infosys chief Nandan Nilekani and Prof. R K Shevgaonkar, deputy director of finance and external affairs and the co-chairman of the IITBAA.
75 companies can dole out Rs 1.1 trillion from the 'extra cash' to shareholders.
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
Nandan Nilekani will have the responsibility to lay down plans and policies to implement the Unique Identity card scheme and shall own and operate the UID database. The authority was notified on January 28 this year as an attached office under the aegis of the Planning Commission with an initial core team of 115 officials and staff. The scheme will be implemented in three years.
He was accompanied by Hindustan Lever Limited chairman Vindi Banga, ICICI CEO K V Kamath and a member of the Board of Governors.
The latest updates from the Kannada film industry.
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
The second campus would have the potential to create around 18,000 jobs
Nandan Nilekani, erstwhile CEO and a founder of Infosys Technologies Limited, who is currently co-chairman of its board of directors, offered a peek into his forthcoming book Imagining India, which he said attempts to alleviate a gap in understanding India, while delivering the kick-off Global Leader Lecture at Johns Hopkins University's School of Advanced International Studies.
In a move to revamp corporate governance practices, Securities and Exchange Board of India will look afresh at the issue of number of company directorships that a person could hold.
In a move to revamp corporate governance practices, Securities and Exchange Board of India will look afresh at the issue of number of company directorships that a person could hold.
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
Five persons, including three directors of auto spare-part manufacturer, Automotive Axle, had a narrow escape when the helicopter in which they were travelling overturned due to a technical snag at the Infosys helipad in Mysore on Friday.
Students will have more H1Bs to count on after they graduate.
Metals bucked the trend and shone across the board.
In 2011, the Trinamool manifesto had said, the government would not allow SEZs in West Bengal, to protect multi-crop lands.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
Infosys chief mentor Narayana Murthy gave this speech at the NYU Stern School of Business.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The broader NSE Nifty gained 22 points to 10,480.60
Kamath also served on the board of Infosys.
India's booming IT and ITeS sector is estimated to have hired 3,80,000 people during the current financial year as demand for technology talent gained further momentum, officials said.
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