Rohan Murty, Infosys co-founder NR Narayana Murthy's son, is working as an executive assistant to his father, CEO and Managing Director SD Shibulal said on Friday, addressing concerns about his role.
Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company.
A readout of the meeting reportedly said Lord Johnson "made clear that he was keen to see a bigger Infosys presence in the UK and would be happy to do what he could to facilitate that".
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.
What do you think is the right way to go?
Sudha Murty, who was on Friday nominated to the Rajya Sabha by the President, holds a 0.83 per cent stake in IT bellwether Infosys which at current prices is worth close to Rs 5,600 crore. The 73-year-old philanthropist is the wife of Infosys co-founder NR Narayana Murthy. She is the chairperson of the Murty Trust and has authored several books.
Modi asserted in a post on X that her presence in the Upper House is a powerful testament to 'Nari Shakti' (women power), exemplifying the strength and potential of women in shaping the nation's destiny.
Opposition Labour's Valerie Vaz also retained her Walsall South seat and Seema Malhotra won her south west London seat comfortably.
Focus on the quality of work and not on the quantity, as one can change the world in 10 hours, Mahindra Group Chairman Anand Mahindra said on Saturday, joining the debate on a 90-hour work week.
Be it the industry laggard performance or harassment allegations by overseas employees, Infosys has a tough road ahead and investors will look at Sikka to sort out the issues.
Infosys co-founder N R Narayana Murthy on Wednesday said exit of his investment firm Catamaran from SKS Microfinance, which is in the thick of controversies, was legally not possible at this juncture.
Infosys co-founder N R Narayana Murthy on Monday denied that he had withdrawn his concerns about governance lapses at the firm, saying the board has to address these "properly" and "full transparency should be displayed and people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".
What do you, dear reader, have to say about Rohan Murty's elevation in a company founded by his father? Is it a case of nepotism, or no?
Nilekani is an organised person and his strength is simplification of complex ideas, said Murthy.
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
Most high-profile exit since co-founder Narayana Murthy returned to the helm.
Infosys co-founder Narayana Murthy has singled out "erroneous policies" pursued by successive governments at the Centre.
The debate over working hours flared up after Infosys Co-founder N R Narayana Murthy called for 14-hour workdays.
Akshata Murty, the wife of Britain's Prime Minister Rishi Sunak, stands to earn Rs 68.17 crore in dividend income from her shareholding in India's second-largest IT firm Infosys. Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares of Infosys at the end of December, according to company filings with the stock exchanges. Infosys declared a final dividend of Rs 17.50 per share for FY23 (April 2022 to March 2023).
Despite a shrinking market share and declining profitability, Murthy's return helped Infosys get a double thumbs-up from investors.
Infosys co-founder N R Narayana Murthy stirred a storm on X when he said young people should work 70 hours a week to level up the country's productivity. In a conversation with former Infosys CFO Mohandas Pai in the inaugural episode of 3one4 Capital's podcast 'The Record,' Murthy said that youngsters should put extra hours at work to compete with leading economies. "India's work productivity is one of the lowest in the world. Unless we improve our work productivity...we will not be able to compete with those countries that have made tremendous progress," he said, comparing India with China, Japan and Germany.
The company should reward the confidence of the shareholders by returning some cash to them.
'Think of the poorest retail investor before you decide to go for an IPO'
Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to company filings with the stock exchanges.
'We need good teachers at the primary, secondary and higher education levels.'
Infosys on Friday posted healthy growth in earnings for July-September 2013, and raised the lower end of its FY14 revenue guidance, indicating the company had regained its momentum.
The targeted budget for the project was reportedly projected at 750,000.
The Union ministry of corporate affairs (MCA) has informed Infosys that the appointment of Rohan Murty, son of co-founder and executive chairman N R Narayana Murthy, does not require its approval.
Joining the debate on working hours, IT services company Capgemini India's chief executive Ashwin Yardi on Tuesday advocated 47.5 hours work per week, and was against sending e-mails to employees on weekends. He was speaking at Nasscom Technology and Leadership Forum (NTLF) in Mumbai.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run.
Infosys co-founder Murthy was named 'Philanthropist of the Year'
Of the, four are co-founders of Infosys.
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.
Union Finance Minister Nirmala Sitharaman, former chief minister B S Yediyurappa, IT industry veteran N R Narayana Murthy along with wife Sudha Murty, and Mysuru royal family member 'Rajamate' Pramoda Devi Wadiyar, were among the early voters who cast their ballot in the Karnataka Assembly polls.
The founders, who hold 12.75 per cent stake in Infosys, together with a dozen leading institutional investors with a cumulative stake of about 10 per cent forced the Infosys board to bring back Nilekani.
Britain's Prince Edward and former prime minister Rishi Sunak were also at the game.
Capitalism, grounded in the twin pillars of a free market and entrepreneurship, is the singular solution to addressing the issue of poverty in India and any country, N R Narayana Murthy, co-founder of Infosys, said during a fireside chat moderated by Nikhil Kamath, co-founder of the brokerage platform Zerodha. "The government should function as a fair and transparent regulator. "On the entrepreneurs' side, they must recognise themselves as evangelists for capitalism.
His detractors now say they're believers again, after Murthy stepped down to allow Sikka to chart his own course.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.
