A lot of my decisions are based on idealism, says N R Narayana Murthy
'Employees find work challenging and fun'.
The company's executive vice president and chief financial officer Rajiv Bansal has resigned.
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Infosys on Friday said it is in discussion with clients for a contingency plan to ensure business continuity in the event of the US immigration reforms bill becoming a law.
Infosys, as part of performance improvement programme, allows 'poor performers' to undergo training to get into shape.
Infosys added 10,997 employees (gross) in the last quarter of FY'14 and 39,985 during the fiscal to take its total headcount to 1,60,405 people.
ESOPs allow employees to own equity in the company, which is seen as a morale booster for them.
The city-based firm had witnessed exits, especially of senior level executives, in the last couple of years and one of the main tasks before Vishal Sikka when he took over as the chief executive officer last year was to check the high attrition levels.
The counting of votes for the Rajya Sabha elections was delayed on Friday in Maharashtra and Haryana over alleged violation of rules, officials said.
A delegation of Congress leaders comprising Pawan Kumar Bansal, Vivek Tankha and Ranjeet Ranjan met the Election Commission and handed over a memorandum by Ajay Maken, its candidate for the Rajya Sabha poll in the state.
The results will give an indication whether Nilekani would continue with the software plus services strategy adopted by Sikka, or tweak it to reflect his worldview of the explosion in data.
Infosys: Sikka magic may revive double-digit revenue growth
Over the past few months, Infosys has been battling allegations by Murthy and other former senior executives of falling corporate governance standards.
The founders, who hold 12.75 per cent stake in Infosys, together with a dozen leading institutional investors with a cumulative stake of about 10 per cent forced the Infosys board to bring back Nilekani.
Infosys is on a growth path post a dull Q4.
The stock was the worst performer among the blue-chips on both Sensex and Nifty.
Former CFO V Balakrishnan seeks exit of Infosys chairman, co-chairman R Seshasayee, co-chairman Ravi Venkatesan, audit committee chairman Roopa Kudva and nomination committee chairman Jeffrey S Lehman.
'The $80,000 revenue per employee we will get through quite easily.'
Murthy's letter comes even as Sikka celebrates the completion of three years at the helm of India's second largest software exporter.
The highlight of the five-hour meeting, which ended with a plan to hold a 'chintan shivir' at the earliest opportunity to chalk the Congress' future strategy, was a demand by Sonia Gandhi's loyalists that Rahul Gandhi should assume the party leadership again.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
On instructions from Congress president Sonia Gandhi, senior Union ministers were asked to brief Congress MPs on the allocation of coal blocks and the CAG report.
Why top executives are trading cushy jobs for start-ups
In FY16, Infosys had 48 employees in India who were paid more than Rs 1 crore in annual compensation, as compared to 111 in FY15.
A few analysts were surprised by the revenue growth of 3.8 per cent; many had expected revenue growth to be 2.5-2.7 per cent.
"There was not a single decision that I took during my second tenure without discussing it with Ranga and getting valuable input from him," says Narayana Murthy.
Infy board gets law firm to probe 'lapses', appoints Cyril Amarchand Mangaldas to engage with founders.
The Green Panel also questioned the building up of pontoon bridge by the army on river Yamuna for the festival, and asked the Delhi Development Authority counsel as who gave the permission for setting it up.
Management campuses are expecting the rise in pre-placement offers to ease the final placement process.
They are witnessing, or anticipating, a double-digit growth in job offers over the same period last year.
A special Central Bureau of Investigation court in Chandigarh on Wednesday ordered to frame charges against former Punjab and Haryana high court judge, Justice (retd) Nirmal Yadav, for her alleged involvement in the 2008 cash-at-judge's door case.
A look at the pictures.
Participants are eyeing the Bihar elections.
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
Amid the raging row over the controversial 2G note, three ministers on Wednesday night met Finance Minister Pranab Mukherjee at his residence to find a way out to end the political storm.
Former Punjab and Haryana high court Judge Nirmal Yadav faces trial in the infamous 2008 cash-at-judge's door scam after a special CBI court in Chandigarh on Saturday framed charges against her in the case.
'Digital Flight Data Recorder (DFDR) and Cockpit Voice Recorder (CVR) of the ill-fated aircraft have been retrieved. AAIB (Aircraft Accident Investigation Bureau) is conducting investigations,' Civil Aviation Minister Hardeep Singh Puri tweeted, as fresh questions were raised on the safety parameters of the runway.
Murthy no more chairman emeritus; founders do not want to be addressed as promoters.
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