The Union ministry of corporate affairs (MCA) has informed Infosys that the appointment of Rohan Murty, son of co-founder and executive chairman N R Narayana Murthy, does not require its approval.
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?
Some media reports stated that Rohan has been designated as a vice president, which is a relatively senior position in the company.
Proxy advisory firms say the praise on Twitter was uncalled for.
Rohan Murty, Infosys co-founder NR Narayana Murthy's son, is working as an executive assistant to his father, CEO and Managing Director SD Shibulal said on Friday, addressing concerns about his role.
Rahul is fascinated by history and ancient texts
I was given two mandates -- to work on individual productivity and to drive automation, says N R Narayana Murthy's son.
Ekagrah Rohan Murty, NR Narayana Murthy's five-month-old grandson who was gifted a whopping 15 lakh shares by the Infosys founder recently, is set to earn Rs 4.20 crore, thanks to the Bengaluru-IT company declaring a bumper final and special dividend totalling Rs 28 per share. Murthy had gifted 15 lakh shares to Ekagrah valued at a staggering Rs 240 crore at that time, making the five-month-old the youngest millionaire shareholder of India's second-largest IT company.
His mandate at Infosys, he says in an interview at the family office in Jayanagar and his first after the stint at Infosys, was to solve the problem of how to measure the individual productivity of a software engineer.
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Rohan Murty was speaking at the 50th anniversary symposium of the computer science department at Cornell University.
The son is not being groomed for a bigger role in the company as of now.
If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.
What do you, dear reader, have to say about Rohan Murty's elevation in a company founded by his father? Is it a case of nepotism, or no?
After agonizing over this for weeks, he made a decision. When they met after work one evening, he startled her by blurting out, 'I think we should break up.' A moving excerpt from Chitra Banerjee Divakaruni's An Uncommon Love: The Early Life of Sudha and Narayana Murthy.
According to sources privy to the development, Murthy has chosen a team of four senior executives -- former Infosys India business unit head Binod Hampapur Rangadore, Ranganath D Mavinakere, Deepak Padki and Rohan Murty.
The stranglehold of the founders over the Infosys management has strengthened after the recent changes.
Of the, four are co-founders of Infosys.
Murthy sought the shareholders understanding, support and encouragement in this exciting and rewarding journey of the next three years.
The JCB Prize for Literature is worth Rs 25 lakh.
Most high-profile exit since co-founder Narayana Murthy returned to the helm.
Murthy talks about his role at the company, retirement plans and the direction in which Infosys is headed.
"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.
Between 2000, when Steve Ballmer became the chief executive officer of Microsoft, and now, when he has announced his retirement, the company's earnings have more than doubled and its revenues have increased over three-fold.
They expressed disappointment over the firm's performance.
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
The Street is especially looking forward to the management commentary to get a sense of its new direction
The 34th annual general meeting (AGM) of IT major Infosys held Monday was an exceptional one.
One needs to bring differentiation to succeed: Murthy
India must first improve working condition, then it can concentrate on Make in India concept.
Whether India can create labour-intensive factory jobs instead that it needs to put millions to work in the next few years looks very unlikely.
Sudha Murty worries that India has still not learnt its lessons from history.
Sri Srinivasan, the first Indian-origin federal judge in the United States, is India Abroad Person of the Year 2013
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