The 20-stock index is up about 20 per cent in the past year - it has done much better than the Nifty's 12.5 per cent.
'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.
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.
Speaking to engineering students at the annual convocation of the Indrprastha Institute of Information Technology, Delhi, Murthy pointed out that the much famed Indian software sector ends up importing every innovation from the West despite the fact that the country produces a large number of software professionals.
Many chairmen & MDs continue to hold reins well into their 80s.
A brilliant academic record, a self-effacing demeanour and a willingness to work hard - plus the famous Murthy DNA, even if he spells his surname differently. But do these justify Rohan Murty's entry into Infosys?
Murthy comes at a time when the company is losing market share, profitability, and has lost control over predictability of the business.
The company should reward the confidence of the shareholders by returning some cash to them.
'Rohan would be my executive assistant and he would receive a salary of Re 1 a year.'
Readers tell us how they celebrated the festival of lights this year.
The mesmerising and familiar image of Pandit Jasraj saying 'Jai Ho' and then raising his hands to mark the beginning of his performances will now remain only in the fond memories of thousands of Jasraj's fans and followers across the globe, remembers Ankur Biplav.
Infosys president and board member B G Srinivas has resigned, the company said on Wednesday, the latest in a series of senior management exits at India's second-largest software services exporter.
Police on Thursday filed a case against suspended head constable Giriprasad Sarma who had taken the Superintendent of Police of the Police Transport Organisation (PTO) E Lakshmi Narayana hostage.
The hostage drama in Hyderabad involving a suspended head constable and a superintendent of police ended on a peaceful note. The state Director General of Police Dinesh Reddy intervened and successfully persuaded Head Constable Giriprasad Sharma to release SP Lakshmi Narayana. The drama ended four hours after it started.
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.
After Kerala Labour Minister Shibu Baby John's meeting with Gujarat Chief Minister Narendra Modi stirred a row, the Left has trained its guns on Sree Narayana Mutt at Varkala for inviting the BJP leader as chief guest at a function on April 24.
Infosys Chairman N R Narayana Murthy and its CEO Nandan Nilekani have been named as Asia's Businessmen of the Year 2003 by international business magazine Fortune.
Infosys co-founder Murthy was named 'Philanthropist of the Year'
Sore points: Sikka's salary, high severance pay to executives, poor disclosures.
The actor sports a new look and plays the role of a don in the film.
Over 550 guests attended the Toronto Netralaya Lions Club and Doctors Lions Club fundraising dinner September 14 in Mississauga, Ontario.
Telugu Desam Party president and leader of opposition in Andhra Pradesh assembly N Chandrababu Naidu and state Communist Party of India secretary K Narayana were taken into preventive custody on Monday along with several leaders of their parties and farmers organisations when they tried to march towards the secretariat to meet Chief Minister N Kiran Kumar Reddy on the farmers issue.
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.
Addressing the 'Message Proclamation of the 80th annual pilgrimage of the Sree Narayana Mutt' at Sivagiri in Varkala in Kerala, the Dalai Lama said peace would not come just by resolutions passed by the United Nations but through compassion and understanding of the views and concerns of other individuals.
Leaders across the political spectrum on Friday condoled the demise of Chhattisgarh's first chief minister Ajit Jogi, with Prime Minister Narendra Modi hailing the IAS officer-turned-politician for striving to bring a positive change in the lives of the poor.
Rajesh and Nupur Talwar were sentenced to life after a court in Uttar Pradesh convicted them for the gruesome killings of Aarushi Talwar and their domestic help Hemraj in 2013.
Silent support for the movement, which has recently turned its guns against industry, has come from India Inc as well, mainly from Infosys founder N R Narayana Murthy, who made donations of Rs 25 lakhs (Rs 2.5 million) in 2011.
Infosys founder Narayana Murthy on Tuesday said he has not given a donation to Arvind Kejriwal for political activities and had declined a request from him for financial assistance two months ago. Murthy had in 2008 agreed to give Kejriwal's Public Cause Research Foundation Rs 25 lakh per year for five years and brought the Tata Social Welfare Trust on board to donate an equal amount for the same period to raise awareness about the Right to Information Act.
After making a strong opening, shares of Infosys further jumped 9 per cent to Rs 2,624.90 on the BSE.
Bala gets Murthy's open backing but it's an open field in this long run-up to Shibulal's handing over.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The film is all set to release in theatres.
The film is said to have a dubbed release as Gajapokkiri in Malayalam
A look at some interesting photographs we received from you.
Murthy best performer in IT stock returns, TCS' Chandra in pole position among current chief executives.
Infosys chief mentor Narayana Murthy has been felicitated with the Global Leadership and Free Enterprise awards by the University of South Florida in recognition of his entrepreneurial spirit.
Ignoring threats and entrenched interests, the admired and controversial T N Seshan helped clean up India's elections. T E Narasimhan meets the changemaker in retirement
We invited you, our dear readers, to share your unsual summer pictures with us and here is our first set of responses. You can continue contributing! Post them on ZaraBol and we will carry the best images, right here on Rediff.com!
