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.
As per the award, Infosys is required to pay Bansal the outstanding severance amount of Rs 12.17 crore, with interest
Ranganath has held several leadership positions.
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
Rajiv Bansal's severance payment was Rs 17.38 crore
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.
Ex-CFO says new incumbent steps in at the right time, will be able meet to meet challenges.
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 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.
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 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.
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 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.
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.
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
Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.
Pai sought to look at the issue of founders raising questions as shareholder activism.
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.
Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.
The Centre has appointed senior IAS officers Vumlunmang Vualnam and Neeraj Mittal as new secretaries in the ministry of civil aviation and the department of telecommunications respectively in a major secretary-level bureaucratic reshuffle, a government order stated.
In 2015, Infosys, under the leadership of then CEO Vishal Sikka, had bought Israeli automation technology firm Panaya for around $ 200 million and e-commerce service provider Skava for $1 20 million. The buyouts were mired in controversy owing to allegation of over-payment apart from not being an ideal fit.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
Murthy's charges, he said, are patently false and slanderous.
Following random testing, if anybody is found Covid-positive, the sample should be sent for genomic testing at the designated INSACOG laboratory network, Union health secretary Rajesh Bhushan wrote in a letter to his civil aviation ministry counterpart Rajiv Bansal.
In a letter to Air India Chairman and Managing Director Rajiv Bansal, the ICPA said, "In the press conference by Honourable Minister Shri Hardeep Singh Puri dated 16th July 2020, you had stated 'we are in negotiation with the pilots', which is far from reality." "It was not a negotiation, but the 'diktat' of the MoCA (ministry of civil aviation) which was conveyed to us. We would also like to place on record that the so-called negotiation was 'not harmonious' in any aspect," the Indian Commercial Pilots' Association (ICPA) noted.
Sore points: Sikka's salary, high severance pay to executives, poor disclosures.
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