While Infosys board gave a clean chit to the Panaya deal, Murthy stands firm on his allegations and said, 'sadly, it appears we will no longer know the truth'.
The thrust, they feel, remains on design thinking, AI and digital besides enhanced focus on investing in selling and marketing efforts, expanding local talent base and re-skilling staff
David, is set to join Hewlett Packard Enterprise as a senior VP for Enterprise Services Delivery.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
Vikramank Singh looks back at the year gone by!
IT major Infosys on Friday announced a 3.1% increase in profit to Rs 3,096 cr, besides announcing a 1:1 share bonus
The IT major had reported a net profit of Rs 3,398 crore in the year-ago period, it said in a BSE filing.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
Company feels automation is a big tool to drive down costs and improve efficiency
This is the best time to be in India, Prime Minister Narendra Modi said today as he wooed top Australian corporate honchos to invest in the country which is undergoing reforms to improve business environment.
Now mergers, acquisitions, sale of assets, fundraising, strategic intent and competitive position in the market are part of business life everywhere.
Consolidated net profit rose to Rs 3,465 crore in its fiscal third quarter to December 31.
Right now Infosys is somewhat on the up.
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
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.
Prospects are grim for many, as humans and organisations aren't keeping up with the pace of technology. Shyamal Majumdar ponders the future of employment.
The whistleblower, claiming to be an employee working in the finance department, said he was submitting a 'whistleblower complaint' unanimously as the matter stated was 'volatile' and that he feared retaliation on disclosing the identity.
The latest whistleblower complaint accusing him of pressuring finance team members to inflate profitability has come right out of the blue. There's another allegation that he made racist remarks against some board colleagues. For a man with a singular focus on the business and clients, all of this must have blindsided him.
Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
The company's executive vice president and chief financial officer Rajiv Bansal has resigned.
Will Infy spring a surprise in subdued second quarter?
I was given two mandates -- to work on individual productivity and to drive automation, says N R Narayana Murthy's son.
2019, however, will be a bigger test as the firm continues to deal with rising attrition and margin pressure.
Asking employees whether they would prefer to work under a man or woman amounts to asking them to discriminate, positively or negatively, on the basis of gender.
Company says faults, which were noticed soon after system upgrade on March 27, have been rectified
Revenue rose 23.4 per cent to Rs 1,655 crore
Over the past few months, Infosys has been battling allegations by Murthy and other former senior executives of falling corporate governance standards.
Infosys COO says, the firm is trying its best retain talent.
India Inc has few leaders who are likely to grab headlines in 2015.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
Silicon Valley techies and investors who were at Prime Minister Narendra Modi's Digital India dinner analyse the parlay for Ritu Jha.
Infosys' aspirations to improve revenue per employee might also prove to be a tall task, believe analysts.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Building front-end and stitching it with back-end is a task that IT firms are learning the hard way, finds Raghu Krishnan.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances