Shareholders bid adieu to the co-founder and chairman who will retire in August.
Refusing to be drawn into the debate over presidential candidature, Infosys mentor N R Narayana Murthy on Monday said the decision of choosing the best candidate should be left to leaders of political parities.
Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1.
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.
India had failed to build world-class educational institutions due to government regulation in the higher education system giving limited opportunities to colleges and universities to adapt and change, says the Infosys boss.
Without panning Narayana Murthy's credentials, executives in many of these firms feel they are not sure about company's future.
Murthy will hand over his role to K V Kamath, who has been an independent director on the Infosys board since May, 2009.
Software icon N R Narayana Murthy has bemoaned that the 'elite' are going unpunished though they commit 'huge crimes' in the country and saw it as 'problem with this society'.
Indian Institute of Management-Ahmedabad Chairman N R Narayana Murthy on Friday rejected the idea of better-off institutes supporting the weaker ones.
"The fact that there may be a slowdown in the US means people will become much more concerned over better value for money. . . we could look at it as an opportunity," Infosys chief mentor N R Narayana Murthy said.
India will have to recruit local people at the front end of its operations to mitigate the discomfort and outsourcing fears, Infosys mentor N R Narayana Murthy said in Bengaluru on Tuesday.
Outgoing Infosys co-founder and chairman N R Narayana Murthy on Wednesday said the sacrifices made by his colleagues in the initial days of the company was unparalleled.
Under a year of him as executive chairman, Infosys, has had "stellar" performance, N R Narayana Murthy said of his second innings at the top in an email to employees.
Come August 2011, N R Narayana Murthy -- the chairman and chief mentor of India's second-largest IT services firm Infosys Technologies -- will sport the designation of chairman emeritus. It is a position which Infoscions and the senior management team have decided to confer on the person who co-founded the company with six others almost 29 years ago.
Shibulal talks about the company's new focus areas under the chairmanship of N R Narayana Murthy, and their rationale.
The Rs 600-crore (Rs 6-billion) fund wants to become a global-style limited-partnership investor. It was a venture capital fund formed after much thought and attention to detail, like almost all the moves.
Engineer-turned-philanthropist Sudha Murty on Thursday took oath as Rajya Sabha MP in the presence of her husband N R Narayana Murthy.
Infosys Technologies Ltd's chairman and chief mentor N R Narayana Murthy said on Thursday that development of infrastructure, which is one of the most visible signs of progress, is needed to attract foreign direct investment to India.
Poor economy should not be an excuse for laying off people especially in recession when it becomes inevitable for the corporate world, Infosys mentor N R Narayana Murthy said in Mumbai on Friday.
About 24 mn shares of Infosys worth Rs 575 cr were traded on both the exchanges on Friday compared to a three-month daily average of 14.5 mn shares worth about Rs 365 cr.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
Industry greats like Ratan Tata, Lakshmi Mittal, Narayana Murthy and P R S Oberoi have been nominated for this years Padma Vibhushan.
Infosys chairman N R Narayana Murthy said on Tuesday that fairness, transparency and accountability should decide the "compensation" of chief executive officers.
"But the real progress in India has not taken place simply because the reforms have not touched the poor people," he said at a book release function in Bangalore.\n\n
A joint house committee of the Karnataka Assembly has also recommended 'appropriate action' against those, including Infosys mentor N R Narayana Murthy, involved in the decision making process.
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.
Indian companies, Narayana Murthy said, should not underestimate China which was an "extraordinary nation and if it decided to put its soul into something it did it well."
In its 25th year of operations, software major Infosys on Friday said it was seeking to become a 'much more' respectable and global company with a truly multi-cultural and multi-ethnic workforce.
Amid a debate over 70-90-hour work week, the pre-Budget Economic Survey on Friday cited studies to state that spending over 60 hours a week on work could have adverse health effects. The survey noted that spending long hours at one's desk is detrimental to mental well-being and individuals who spend 12 or more hours (per day) at a desk have distressed or struggling levels of mental well-being.
N R Narayan Murthy, chairman and chief mentor of IT major Infosys on Tuesday called on the Gujarat Chief Minister Narendra Modi and held discussions on a wide range of issues, including the setting up of a Infosys research centre in Gujarat.
The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
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.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
"I have always believed that innovation has an important role, not only in software but in any business."
'Pravin Rao's commitment and contribution to the company has been immense, and his partnership over the past three years has been critical to the successes and growth of our company,' said Vishal Sikka, chief executive officer at Infosys.
In the midst of a raging debate over allowing multinationals in the retail sector, Infosys mentor N R Narayana Murthy on Saturday favoured MNCs in the sector saying consumers will benefit from their entry.
After making a strong opening, shares of Infosys further jumped 9 per cent to Rs 2,624.90 on the BSE.
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