The whistle-blower's letter to Sebi said future disclosures on any wrongdoing could potentially not be exposed if Infosys is let off the hook now.
While Team Indus had backing from Nandan Nilekani, Ratan Tata and Flipkart founders Sachin and Binny Bansal, it could not even muster half of the Rs 4.5 billion it required for the mission to the moon.
The list, comprising 48 people, also includes four each from Australia, China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
US-based Schall Law Firm has said it will file a class action lawsuit against Infosys Ltd to recover losses suffered by investors in the wake of allegations of "unethical practices" at the Indian IT major. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
Tier-II and tier-III towns have a reason to rejoice.
Tata Group Chairman Ratan Tata, Infosys Technologies CEO Nandan Nilekani, Wipro Chairman Azim Premji and Reliance Industries Chairman Mukesh Ambani are the four Indians in Asia's 25 most powerful business leaders list by the Fortune magazine.
High attrition, poor infrastructure and lack of data protection laws could derail India's booming outsourcing industry, the CEO of Indian software giant Infosys Technologies said on Wednesday.
There are several discussions going around in the e-health sector for consolidation with key players being PharmEasy, 1mg, Medlife and Netmeds. According to reports, Reliance Jio is in talks with Netmeds to acquire the latter.
While Infosys board gave a clean chit to the Panaya deal, Murthy stands firm on his allegations and said, 'sadly, it appears we will no longer know the truth'.
Infosys Technologies Ltd will recruit 8,000-10,000 workers in the current fiscal, while its new subsidiary Infosys Consulting Inc would employ 75 people in its first year, Nandan Nilekani, managing director and CEO, said in Mumbai on Thursday.
Amidst leakage of files from the Prime Minister's Office and leakage of public money in scam after scam in the Congress-led government, the claim of attempting to reduce leakage in the system by using questionable plumbers like Nandan Nilekani using UIDAI does not inspire even an iota of confidence, says Gopal Krishna
Software major Infosys has sought 300 acres of land in Bangalore for setting up its new campus, Infosys CEO and president Nandan Nilekani said on Tuesday.
The GST rate on mobile phones will be hiked to 18 per cent while that on maintenance repair overhaul (MRO) services for aircraft will be lowered to 5 per cent with effect from April 1, Finance Minister Nirmala Sitharaman said on Saturday. The GST rate on handmade and machine-made matchsticks has been rationalised to 12 per cent from 5 per cent and 18 per cent respectively.
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
Mukesh Ambani of Reliance Industries, Nandan Mohan Nilekani of Infosys Technologies and Ratan Tata of the Tata group - have figured in this year's list of World's 50 most respected business leaders.
Nadar and his family donated Rs 826 crore, while Azim Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the Edelgive Hurun India Philanthropy List 2019.
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
Nandan Nilekani and his UID/Aadhaar project appear quite complicit in unconstitutional act of surrendering the country's interest in favour of a global system led by ungovernable and undemocratic business enterprises not by democratic legislatures, says Gopal Krishna
From Twitter to Facebook to Spotify, everyone it seems is clambering aboard the social audio bandwagon. Neha Alawadhi reports.
The ambitious project --which has issued unique identification numbers to more than 380 million people, which is large than the population of several large countries in just a few years -- would still take a few more years before every Indian resident is issued with this unique number and the card having the biometric information of the individual, Nilekani told a Washington audience.
As political leaders go, Goa's Chief Minister, the 57-year-old Manohar Parrikar, is an unusual specimen of the species. He might be the only Indian Institute of Technology graduate among India's chief ministers past or present, is a former classmate of Nandan Nilekani's, and is the sort of well-mannered host you can expect to observe social niceties.
As political leaders go, Goa's Chief Minister, the 57-year-old Manohar Parrikar, is an unusual specimen of the species. He might be the only Indian Institute of Technology graduate among India's chief ministers past or present, is a former classmate of Nandan Nilekani's, and is the sort of well-mannered host you can expect to observe social niceties.
On October 24, the NSE sought clarification from the IT major on the whistleblowers' allegations and why the company had not disclosed the same to the exchanges.
'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.'
TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 years.
Launching our new Election Gupshup series: Congress pulls out its Brahmastra to dent the Modi mystique.
"On a larger scale we've got to think about how we can integrate this technology into a massive effort to scale up access to financial services," the bank said.
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
On his three-day trip, the Microsoft CEO will meet governments and businesses to get them to use the company's platforms.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
'The purposes of our document are three-fold: To lay out the opportunities that India enjoys in the international sphere; to identify the challenges it is likely to confront; and to define the broad approach that India should adopt as it works to enhance its strategic autonomy in global circumstances that are likely to remain volatile and uncertain for some time to come.'
One of the chapters in the document titled 'Asian Theatre' has quite elaborate comments on China, and opines that India's China strategy has to strike a careful balance between cooperation and competition, economic and political interests, bilateral and regional contexts. Rediff.com publishes verbatim a part of the chapter 'Asian Theatre'.
UIDAI chairman Nandan Nilekani, in an interview to CNN-IBN, says that Aadhaar enabled service delivery is a far more effective way to fight corruption.
While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
An Aadhaar-based payment structure is likely to be outlined in this year's Budget.
A task force led by Nandan Nilekani on Thursday suggested that 10 lakh business correspondents be appointed to ensure that social sector schemes' benefit reach the intended beneficiaries in about six lakh villages.
Infosys pointed out that it is not uncommon for plaintiffs' lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
The Unique Identifiaction Authority of India is expediting creation of platforms for implementing the model, likely to include coverage of the Public Distribution System and other areas of subsidy, and also government's social sector schemes.
