Currently the vice president and head of finance, Bansal will take over as CFO from November 1.
Infosys describes him as "a very bright star in the finance department", with it for 13 years and working under Balakrishnan for the past four years.
Ranganath has held several leadership positions.
As per the award, Infosys is required to pay Bansal the outstanding severance amount of Rs 12.17 crore, with interest
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
Former finance head Bansal, who left Infosys in 2015, has gone for arbitration over severance pay
The Bharatiya Janata Party (BJP) has announced a significant overhaul of its national team under party president Nitin Nabin, introducing numerous new faces and promoting prominent leaders like former Union minister Smriti Irani to general secretary and former RSS functionary Ram Madhav to vice president. The revamp aims to balance youth and experience while preparing for upcoming assembly and general elections.
Rajiv Bansal's severance payment was Rs 17.38 crore
The BJP has achieved significant victories in the Haryana municipal corporation elections, securing wins in Ambala and Sonipat, and leading in Panchkula. The party also won the president's post in Sampla, a stronghold of former Chief Minister Bhupinder Singh Hooda, where the Congress did not field a candidate.
Counting of votes is underway for municipal corporations in Ambala, Panchkula, Sonipat, and other civic bodies in Haryana. Polling was held on Sunday for mayor and ward councillor elections.
Counting is underway for municipal corporations in Ambala, Panchkula, and Sonipat, with BJP mayoral candidates leading. Elections were held on Sunday for various municipal bodies across Haryana.
Polling is underway for local body elections in Haryana, including municipal corporations of Ambala, Panchkula, and Sonipat. An average voter turnout of 25 per cent was recorded till 1 pm. The main contest is expected between the Congress and the ruling BJP.
The BJP has secured significant victories in the Haryana municipal corporation elections, winning in Ambala and Sonipat, and leading in Panchkula. The party also won the president's post in Sampla, a stronghold of former CM Bhupinder Singh Hooda, where the Congress did not field a candidate.
Local body elections in Haryana, including municipal corporations of Ambala, Panchkula, and Sonipat, saw a 54.5 per cent voter turnout. Polling was held for mayor and ward councillor posts, with key contestants from BJP and Congress. The votes will be counted on May 13.
Haryana Chief Minister Nayab Singh Saini celebrated the BJP's victory in the recent civic body elections, attributing the win to public confidence in the party's development-focused governance and rejection of the Congress' negative politics.
Ex-CFO says new incumbent steps in at the right time, will be able meet to meet challenges.
An IndiGo flight from Kuwait to Hyderabad was diverted to Mumbai following a bomb threat email. The flight landed safely, and security checks were conducted.
The death of 26-year-old Anna Sebastian Perayil -- who worked on the audit and assurance team at EY Pune, due to 'overwork' her heartbroken mother noted in a letter to EY India chairman Rajiv Memani provoked best-selling author Rashmi Bansal to pen a poem on the perils of overwork in Corporate India.
In 2021, the Centre renamed the Rajiv Gandhi Khel Ratna as Major Dhyan Chand Khel Ratna Award. But many wonder, why despite the public sentiment the country's highest civilian honour continues to elude the man who put Indian hockey on the world map.
Seventeen years after the cash-at-judge's door case rocked the judiciary, a special Central Bureau of Investigation court in Chandigarh on Saturday acquitted former Punjab and Haryana high court judge Nirmal Yadav and four others in the matter.
The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
Scheduled international passenger flights to and from India remain suspended since March 2020 amid the coronavirus pandemic. The suspension has been extended till November 30.
The Delhi High Court expressed shock and termed as "indefensible" Yoga guru Ramdev's purported remark of "sharbat jihad" on Hamdard's Rooh Afza. The court was hearing a plea by Hamdard National Foundation India against Ramdev's Patanjali Foods Ltd. Ramdev's counsel was unavailable, and the court will take up the matter again later.
The Delhi High Court has ordered Yoga guru Ramdev to remove within 24 hours an offensive video targeting Hamdard, manufacturers of Rooh Afza, from social media platforms. The court previously ordered him not to issue any statement or share videos in future similar to those before it and relating to products of competitors including Hamdard. Ramdev was accused of contempt in a row over his controversial "sharbat jihad" remarks against the drink.
The matter pertains to the Rs 173.8 million severance offer given to former CFO Rajiv Bansal in October 2015 when he was allegedly forced to step down due to differences with then chief executive Vishal Sikka over the acquisition of Israeli technology firm Panaya for $200 million.
Rajiv Gandhi, his son Rahul Gandhi, Union Minister Jyotiraditya Scindia Karan Singh, Naveen Patnaik besides celebrated authors like Amitav Ghosh and Vikram Seth studied at The Doon School.
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.
Realty major DLF's chairman Rajiv Singh remains the wealthiest Indian real estate entrepreneur with a wealth of Rs 59,030 crore, according to GROHE-HURUN India. With a wealth of Rs 42,270 crore, Mangal Prabhat Lodha and his family of Mumbai-based Macrotech Developers (Lodha Group) is at the second position. Arjun Menda & family of Bengaluru-based RMZ Corp debuted at the third position on the list, with a wealth of Rs 37,000 crore.
The Bengaluru-based company, striving to return to sustained growth, is looking at different ways to reduce the cost structure, aiming to win large clients, said Rajiv Bansal, chief financial officer.
Top decision-making body, executive council, will be dissolved on April 1.
His resignation comes at a time when the company ventured in acquisitions. Bala has been one of the key players in driving this inorganic growth strategy.
The fee of Rs 6 lakh consists Rs 1.5 lakh in respect of each application for each alleged offence by the company and Rs 25,000 by each of the current and former key managerial personnel for each alleged offence.
According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
The disquiet over Kapil Sibal... Modi's rise rattles the UPA... Nitin Gadkari is missed... All this, and more, in this week's Dilli Gupshup
Pai sought to look at the issue of founders raising questions as shareholder activism.
Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.
Refutes claims of differences between board, founders and Sikka; board needs to do better scrutiny, says Mohandas Pai.
The development comes amid Japan's SoftBank booking an investment loss of 39.28 billion yen (USD 350 million) on its investments in India, including those in Ola and e-commerce company Snapdeal.
Nilanjan Roy spent 13 years with Bharti Airtel, prior to which he worked for 15 years with Unilever across their global operations.
