India's innately hierarchy-prone corporate culture produces its share of willing sycophants, says Kanika Datta.
The son is not being groomed for a bigger role in the company as of now.
Infosys Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company's shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.
Shibulal talks about the company's new focus areas under the chairmanship of N R Narayana Murthy, and their rationale.
Infosys did not disclose the nature of the information sought by Securities and Exchange Board of India.
N R Narayana Murthy addressed Infosys staff on Thursday for the first time since taking charge of the beleaguered company as the executive chairman.
Murthy created today's situation by pushing into leadership positions people who should not have been there.
The Infosys co-founder, who was brought back to head the firm in June last year, also expressed unhappiness over the laggard performance in the last two years.
The one-time bellwether of the country's IT industry has slid to the third spot in terms of revenue, overtaken by a relative upstart, Cognizant Technologies (TCS is the largest).
The stranglehold of the founders over the Infosys management has strengthened after the recent changes.
A centralised, founder-led model that relies on organic growth is no longer workable.
The company's inflexibility on prices and margins and a tradition of rotating leadership roles amongst its founders have made it less nimble than rivals.
Information technology leader Ganesh Natarajan hailed N R Narayana Murthy's reappointment as executive chairman and additional director of Infosys on Saturday.
The National Association of Software and Services Companies (Nasscom) on Saturday welcomed re-appointment of N R Narayana Murthy as Infosys Executive Chairman, saying his insights into the company and the technology industry would be valuable.
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
Opposition Labour's Valerie Vaz also retained her Walsall South seat and Seema Malhotra won her south west London seat comfortably.
Speaking to engineering students at the annual convocation of the Indrprastha Institute of Information Technology, Delhi, Murthy pointed out that the much famed Indian software sector ends up importing every innovation from the West despite the fact that the country produces a large number of software professionals.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
Fascinating stories of how 30 famous companies got their names.
Their investments in start-ups exceed Rs 1,000 crore at present.
The development comes at a time when Infosys' shares are trading at a record high.
Top decision-making body, executive council, will be dissolved on April 1.
Too many corporate leaders cherish the crown of indispensability.
After 2 years of criticism, the brokerage firm approves new direction but says quick turnaround unlikely.
The US legal action is likely to further strengthen public opinion, at a time of high unemployment, against information technology outsourcing -- which is seen to take away jobs from locals.
The overall trend to professionalise has always seen an upward trajectory, but at varying rates of adoption.
Infosys must focus on a few steps for quicker returns, says a Barclays report.
Speaking at the inauguration of the magazine's new office, Vaidya went on to suggest that in such a war, sometimes 'good people' have to be targeted because they are on the side of wrong.
The Rs 600-crore (Rs 6-billion) fund wants to become a global-style limited-partnership investor. It was a venture capital fund formed after much thought and attention to detail, like almost all the moves.
The decision has been taken because Executive Chairman N R Narayana Murthy attempts to bring Infosys back to basics.
The UK's prime ministerial race frontrunner, Rishi Sunak, spoke of his pride in what his Indian parents-in-law -- Infosys co-founder Narayana Murthy and Sudha Murty -- had achieved, as he fought back over media commentary around wife Akshata's family wealth.
The Infosys stock on Friday touched a two-year high, after brokerage firm CLSA said the company had the potential to double investors' money through the next three years.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
That a brown skinned man -- albeit one who speaks with a posh English accent -- would one day be the front-runner in a race to elect Boris's successor and head the party once led by Churchill and Thatcher would seem indigestible to the white men and women who have formed the trunk of the Conservative party for generations.
The 20-stock index is up about 20 per cent in the past year - it has done much better than the Nifty's 12.5 per cent.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
Many chairmen & MDs continue to hold reins well into their 80s.
A brilliant academic record, a self-effacing demeanour and a willingness to work hard - plus the famous Murthy DNA, even if he spells his surname differently. But do these justify Rohan Murty's entry into Infosys?
Murthy comes at a time when the company is losing market share, profitability, and has lost control over predictability of the business.
The company should reward the confidence of the shareholders by returning some cash to them.
