Infosys

Mohandas Pai favours Narayana Murthy again, Vishal Sikka trying to cover up 'bad performance'

Infosys' former chief financial officer TV Mohandas Pai has spoken out in favour of Murthy and said that Sikka has been blaming the co-founder and his interference as a cover up for his "bad performance."

Aug 22, 2017

Infosys meltdown: This is how much Murthy, Nilekani and other promoters lost

In absolute terms, the software service exporter has lost Rs 33,914.71 crore of its market capitalisation as of Monday's closing, after sell-off was triggered Friday morning

Aug 22, 2017

SEBI says watching Infosys share price after freefall

Global brokerage Nomura downgrades Infosys stock to "reduce" from "neutral" and slashed target price to Rs 875 from Rs 1,000 earlier.

Aug 22, 2017

Infosys ex-board member writes open letter to Narayana Murthy for blowing tech giant's morale

'How can Infosys find a worthwhile replacement for Vishal Sikka with Murthy sniping at the wings,' ex-board member asked Murthy.

Aug 22, 2017

Will Vishal Sikka's exit derail Infosys' plans of hiring in US?

With Vishal Sikka's exit as the CEO and MD, questions are being raised on whether Infosys would go ahead with the US plans or the focus would move back to India operations.

Aug 22, 2017

Infosys stock hits new low, slammed out of Top 10 market cap league

In the last two trading sessions, investors have lost over Rs 36,500 crore in market capitalisation after the stock tumbled over 18 percent.

Aug 21, 2017

Buyback flops, Infosys stock slips to three-year low

The stock tanked 9.6% on the Bombay Stock Exchange at Friday's closing, its sharpest fall since April 2013.

Aug 21, 2017

Too little, too late: 'Vishal Sikka might have stayed on had the board sided with him sooner'

It is now also being said that Infosys would have a tough time retaining its clients, many of whom had a good equation with former CEO and MD Vishal Sikka and worked closely with him.

Aug 21, 2017

Who will succeed Vishal Sikka? Finding next Infosys chief won't be easy

Infosys is likely to pick an insider to succeed Sikka, even that won't be easy for the board.

Aug 20, 2017

Law suits chase the bear's shadow: 3 US firms to sue Infosys over investor losses after Sikka exit

The firms intend to investigate potential securities claims on behalf of Infosys shareholders arising from allegations that it may have issued materially misleading business information.

Aug 19, 2017

Infosys board clears Rs 13,000-crore share buyback at Rs 1,150 apiece

The tech bellwether expects the buyback to push higher return on equity and serve as an opportunity to put its cash holdings to good use.

Aug 19, 2017

The unlikely Infosys: Board outrage drowns out distraction; and, discretion

A post-Sikka Infosys will need room for shareholder activism even if its board feels that co-founder Narayana Murthy has a 'My way or the highway' attitude.

Aug 18, 2017

Vishal Sikka's exit erodes Rs 22,000 crore of Infosys' market value

The company market value dropped to Rs 2.12 lakh crore from Rs 2.34 lakh crore as of Thursday's close.

Aug 18, 2017

Narayana Murthy hits back at Infosys board, says 'extremely anguished by allegations'

It is below my dignity to respond to such baseless insinuations, says Narayana Murthy.

Aug 18, 2017

Murthy 'extremely anguished by allegations, tone and tenor' of Infosys statements

The Bangalore-based IT company has appointed Sikka as executive vice chairman in a newly created position.

Aug 18, 2017

Corporate governance in shambles with Ratan Tata, Narayana Murthy locking horns with their successors

Do the owners/founders have to question every move of their successors when they are running the business just because that they have diligently built the company over many summers?

Aug 18, 2017

Vishal Sikka resigns as Infosys CEO & MD: 3 lessons for India's political parties

Vishal Sikka's differences with the Infosys founder-stakeholders and his consequent resignation have some lessons for India's political parties.

Aug 18, 2017

Infosys shares surge as board to consider buyback on August 19

Infosys is currently sitting on liquid assets -- cash and investment -- of over Rs 39,000 crore and is under pressure to distribute it to shareholders.

Aug 17, 2017

Will Narayana Murthy return to Infosys as talks of his role as chairman-emeritus heat up?

While Mohandas Pai had earlier said that Infosys should bring Murthy back as chairman emeritus, his thoughts have been echoed by former chief financial officer of Infosys V Balakrishnan.

Aug 14, 2017

Top 14 Indian stocks from Mega Cap space: Morgan Stanley report

The country continues to gathers more weightage in the MSCI Emerging Market Index as it leads its peers with a 7 percent growth rate.

Aug 14, 2017