India's innately hierarchy-prone corporate culture produces its share of willing sycophants, says Kanika Datta.
Global banking giant HSBC on Monday said Infosys chief mentor N R Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds (about Rs 52 lakh).
It's debatable whether going back in time -- twice in a span of four years -- by bringing back a once-proven leader at the top is the correct thing to do when Infosys desperately needs to be made future-ready.
Several observers have questioned the weakness in execution of the 3.0 strategy.
The formal invitation was sent after the protesting doctors on Monday morning said they did not receive any communication regarding the meeting.
Proxy advisory firms say the praise on Twitter was uncalled for.
Opposition Labour's Valerie Vaz also retained her Walsall South seat and Seema Malhotra won her south west London seat comfortably.
Despite a shrinking market share and declining profitability, Murthy's return helped Infosys get a double thumbs-up from investors.
The report, published by brokerage firm Ambit Capital Research, also says the promoters hold disproportionately high board representation with respect to their total shareholding in the Bengaluru-based company.
Chandrashekar Kakal was operational head of the India business unit.
'Otherwise, the minorities would not have acknowledged his leadership quality. I am happy the BJP is working towards achieving a secular image,' Vellappally Natesan, the OBC leader in Kerala who has created a controversy by supporting Narendra Modi, tells Rediff.com's Shobha Warrier.
Take a look at the pictures.
Kris is gentle but firm, consultative yet decisive, and thoughtful yet action-oriented
Joining the likes of N R Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire L N Mittal said the country is potentially condemning millions to remain in poverty by not helping industrialisation.
Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period.
The reunion of the two parties, which comes after a separation of three years due to what they termed "communication gap," may alter the political scenario in the state, where the local body elections are round the corner.
Murthy, 68, will cease to be the non-executive Chairman with effect from Oct 10.
Murthy on Saturday said the nation's second largest IT services firm had "diluted focus on meritocracy and accountability" in the past decade, forcing him to take "hard and tough decisions."
This is the first time, perhaps, Infosys has appointed as CEO a person who has never managed P&L or has any experience in managing lakhs of employees.
Traffic was severely affected due to heavy rains.
Foreign institutional investors (FIIs) have continued to remain bullish on the Narayana Murthy-led Infosys, taking their holdings to record levels.
Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1.
Monday's notices seek damages of Rs 2,000 crore (Rs 20 billion) each from The Times of India and The Economic Times, both owned by Bennett, Coleman & Co, and The Financial Express, owned by the Indian Express group, alleging some of their articles defamed Infosys.
No impact of exits on client engagements, says company.
Infosys has has the highest proportion of non-independent directors on its board.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
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.
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.
Senior exits and across the board attrition have started affecting the company's ability to grow business
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'If I'm able to help even a few patients during this terrible time, I'll feel I've done my duty,' Ward boy Karan Solanki tells Geetanjali Krishna.
The DMK's Stalin, TN Minister D Jayakumar, the BJP's Pon Radhakrishnan... A clutch from the political class pay tribute to T N Seshan on his last journey. A Ganesh Nadar reports.
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Last November, a lawyer for Future Retail Limited (FRL) told Delhi high court that Amazon is interfering with its lawful business and thousands may lose their jobs and FRL may go bankrupt. Senior advocate Harish Salve, who appeared for FRL, likened Amazon to East India Company. Senior advocate Gopal Subramanium, who represented Amazon, told the Future counsel to keep the "East India Company" rhetoric aside, as Amazon has invested $6.5 billion all over India and created 900,000 jobs. This drama played out in the case in which Amazon has challenged Future's $3.4-billion deal with Reliance, alleging the retailer's deal breached an agreement with the American e-commerce firm.
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.
Perhaps the greatest positive for Mr Sikka is his job knowledge and career record.
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.
Infosys chief N.R. Narayana Murthy has said the company is looking at reducing the number of top officials and subcontractors at onsite locations in a bid to reduce operational costs, according to Barclays.
Today, staff morale down the line is low, attrition last year scaled a new high, and even clients have expressed concern at the state of things.
