"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.
Design thinking refers to solving traditional tech problems using newer, different and innovative methods
Infosys announced acquisition of digital commerce company Kallidus for $120 million.
Once the IT bellwether, Infosys was also reporting laggard performance and facing harassment allegations by overseas employees.
N Chandrasekaran received Rs 2.62 crore (Rs 26.2 million) as perks.
With the appointment of Vishal Sikka as CEO and Managing Director of the company, IT major Infosys has elevated 12 leaders to the position of Executive Vice President with additional responsibilities.
The new CEO's next challenge is to grow margins.
Infosys usually gives a wage rise to employees every April.
Parekh in a video address to employees expressed delight on leading the iconic company
Abidali Neemuchwala, who had joined Wipro in 2015 as group president and chief operating officer, was also given 200,000 in stock options in the financial year ended March 2016.
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.
In Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
Firm's dented image following Sikka's exit could bring down revenues in the margin rich US market and force Infy to hire fewer Americans, as hiring locals in developed markets comes at a cost.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
In a statement, Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of Infosys resulting from allegations that the company may have issued materially misleading business information to the investing public.
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
It is not that platforms and products are something that Infosys has not tried earlier.
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'.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
Sore points: Sikka's salary, high severance pay to executives, poor disclosures.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
After news of KV Kamath stepping down as the non-executive chairman, Infosys is on the hunt for filling up the post.
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".
Infosys has been aggressively embracing automation tools.
Infosys is planning to hire the first 500 within two years.
What is perhaps most fascinating is that Infosys was not the first large Indian IT company to raise its head, nor has it been the largest; but it has often shown a remarkable ability to market itself so that it has punched above its weight.
Credit Suisse thinks it possible for the company to narrow its forecast ('guidance') range.
Legal experts fear such shareholder activism could turn into a class-action suit against Infosys
With this, the total strength of TCS's board has increased to 11.
This will be Infosys' first investment from its innovation fund dedicated to start-ups and emerging technologies.
Ranganath has held several leadership positions.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run.
A lot of my decisions are based on idealism, says N R Narayana Murthy
Murthy's letter comes even as Sikka celebrates the completion of three years at the helm of India's second largest software exporter.
Seshasayee has been an independent director on the company's board since January 2011.
Over the last years, taking the helm at Infosys has always had a strong resemblance with taking a roller-coaster ride
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
Erin Green, former head of immigration, Infosys says says only the loss of a big client could push Infosys to correct its internal corporate culture.
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