Junking Murthy's claims, Infosys said the board did all it could to look into whistle-blower complaints of corporate governance lapses, particularly those related to acquisition of Panaya.
Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore in the country's second largest software services firm.
'The $80,000 revenue per employee we will get through quite easily.'
As Raazi hit theatres, Harinder Sikka -- author of Calling Sehmat, the book on which the film is based -- reveals the thrilling real life story of an Indian spy named Sehmat.
Restricted stock units can be an effective tool to curb employee attrition and retain key talent
'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.
The company has decided to consolidate its delivery functions horizontally
Four Indian-Americans, including top US attorney Preet Bharara, are among 38 distinguished personalities who have been honoured with this year's prestigious "Great Immigrants: The Pride of America" award.
Infosys new chief executive officer and managing director Vishal Sikka took charge of the company in August.
Both Raazi and Veere Di Wedding are interesting films that worked. There is no point reading a trend in them, says Vanita Kohli-Khandekar.
Infosys now plans to re-purpose Skava's micro services-based business and re-focus Panaya's suite of products.
Even as high attrition rates continue to haunt Infosys, the country's second-largest IT services firm is confident of bringing it down to 12-14 per cent in the next two quarters as it gets back to the growth trajectory.
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
Reliance gold scheme does not require demat account.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
Pai argued that at a time when the salary for entry level software engineers had not been raised in the IT industry in India for the past seven years, it was totally wrong to hike the compensation for top-level executives.
To make money, invest in both good and bad times; otherwise the entire exercise is futile, experts tell Joydeep Ghosh & Sanjay Singh
Now mergers, acquisitions, sale of assets, fundraising, strategic intent and competitive position in the market are part of business life everywhere.
"The company has been in touch with the Securities and Exchange Commission (SEC) regarding the anonymous whistleblower complaints (anonymous complaints) and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys said in a statement.
This challenge has been made a little more daunting with the addition of two new uncertainties.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
IT major Infosys on Friday announced a 3.1% increase in profit to Rs 3,096 cr, besides announcing a 1:1 share bonus
As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.
Gopalakrishnan, who is the immediate past President of CII, is the Chairman of the summit.
India accounted for 2.2 per cent of the revenues of Infosys.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
Even after this sale, the founder group will continue to have a substantial shareholding in the company.
'Employees find work challenging and fun'.
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
When selecting a liquid fund, stick to schemes with an AUM of above Rs 1,000 crore.
New initiatives expected to bear fruit by middle of 2015
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
"We remain open to opportunities if appropriate valuations come up," said Reliance MF CEO Sundeep Sikka. Reliance MF, which is India's biggest mutual fund in terms of assets under management, has also become the first fund house to cross an average AUM of Rs 1 lakh crore. "Consolidation has already started in the industry and, going forward, only top 5-7 fund houses would command the major chunk of funds as investors will have confidence in large fund houses," Sikka said.
Infosys co-founder N R Narayana Murthy on Monday denied that he had withdrawn his concerns about governance lapses at the firm, saying the board has to address these "properly" and "full transparency should be displayed and people responsible for it should become accountable".
Reminiscing time spent at the firm he co-created with six other friends in 1981, Infosys non-executive chairman S Gopalakrishnan said many major events in his life are linked to major milestones of Infosys.
The MF Industry had a cash-rich 2014 as it crossed the Rs 3 trillion mark.
Owaisi's five seats in Bihar's Muslim-majority Seemanchal region ought to ring alarm bells, observes Virendra Kapoor.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity.
