Infosys

Nilekani at work: Governance structure and CEO search immediate priorities

His immediate priorities are to help the board to create a long-term governance structure in the company, search and hire a chief executive officer (CEO) and reboot the company's business strategy.

Aug 26, 2017

People started asking who was really in charge at Infosys: Vishal Sikka

In his first interview after resigning from Infosys, Vishal Sikka told the Financial Times, London, that he left after being undermined for many months

Aug 25, 2017

For stake's sake: When Blackstone's bid for a bite of Infosys bit the dust

Giant private equity bank coveted a "significant minority stake" in Infosys when founders tussled with the board.

Aug 25, 2017

This is what Nandan Nilekani told Infosys investors and stakeholders on his first call

"I have the full support of the board, of Mr Murthy, of all the promoters," Nandan Nilekani said.

Aug 25, 2017

Vishal Sikka likely to join Hewlett Packard Enterprise as CTO

HP had not filled the position since Martin Fink stepped down last year.

Aug 25, 2017

Nandan Nilekani walks in as Infosys non-executive chairman: What happens now?

"I plan to be here as long as necessary and I will not be here as soon as I'm not necessary," Nandan Nilekani

Aug 25, 2017

Co-founder Nandan Nilekani back at Infosys as non-executive chairman

Shares of Infosys surged for a third straight day on Thursday, following reports that Nilekani could step in to the company's board in a bid to calm the ongoing controversies the company is going through at present.

Aug 25, 2017

Infosys board members offer to quit amid Nilekani's return; more resignations in the pipeline?

While co-founder Nandan Nilekani is set to return to Infosys as its non-executive chairman, the board members of the IT giant have offered to quit. Vishal Sikka's tenure too has come under question.

Aug 24, 2017

Is Nandan Nilekani's comeback to Infosys imminent?

Nilekani's return to Infosys gave a positive indication to market, as shares of the company registered a spike of 2.4 percent on Wednesday afternoon.

Aug 23, 2017

After Vishal Sikka's exit, here's what interim CEO UB Pravin Rao told Infosys staff [FULL TEXT]

Interim CEO UB Pravin Rao sent an email to the employees of Bengaluru-based Infosys and said that while Vishal Sikka had moved on, the show at the firm must go on.

Aug 23, 2017

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