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Infosys crisis News

Nandan Nilekani's return

12 Sep 2017

Nandan Nilekani return may need open offer by Infosys promoters: SES

SES explained that Murthy was able to get "his people" appointed on the Board, forcing exit of other directors.

08 Sep 2017

Feedback from clients positive, reassuring: Infosys

The Bengaluru-based firm has been in the eye of a storm over the past few months, with the two sides clashing over allegations such as corporate governance lapses and irregularities in Infosys' USD 200-million Panaya acquisition.

Infosys buyback

03 Sep 2017

Infosys promoters offer shares worth Rs 2,038 crore for buyback

Nilekani, along with family, has offered to tender 58 lakh shares. Murthy, along with wife Sudha and two children, has put over 54 lakh shares on the block.

02 Sep 2017

Infosys seeks shareholder nod to appoint Pravin Rao as MD

He will continue to hold the position of interim-CEO and MD for a maximum of five years, or until a new CEO and MD is appointed, Infosys said in its postal ballot.

Infosys buyback

28 Aug 2017

Promoters intend to participate in share buyback: Infosys

Co-founder Nandan Nilekani has returned to the company for a second innings, this time as non-executive Chairman in a Board-level shake-up that saw the exit of Chairman R Seshasayee along with two independent members.

Nandan Nilekani

28 Aug 2017

Nilekani's return to Infosys gives company best start in 6 years: CLSA

The founders, led by N R Narayana Murthy, had alleged corporate governance lapses at the country's second-largest software services firm.

28 Aug 2017

Infosys shares end over 3% higher on Nilekani's return

The stock jumped 3.14 per cent to close at Rs 941.15 on the BSE. During the day, it went up 4.49 per cent to Rs 953.50.

26 Aug 2017

Vishal Sikka denies joining HP Enterprise, post-Infosys

Terming the return of Nandan Nilekani as Infosys` Board Chairman an excellent idea, Sikka said the latter was an extraordinary leader and an iconic man.

Vishal Sikka resigns

25 Aug 2017

Not right for me to hang on after Nilekani's return: Vishal Sikka

Sikka's resignation as CEO last week escalated the tensions between the founders and the management of India's second largest software company. He was then named Vice- Chairman.

25 Aug 2017

Infosys board terms past differences with Murthy 'unfortunate'

The company said in a statement, read out by Nilekani, that the Board is focused on the future, consistent with the commitment to good governance.

Infosys co-founder

25 Aug 2017

Back to Infosys as there was no one else: Nandan Nilekani

Stating that it was the Board`s "unanimous" decision in wanting him to return to the company, he said he was back with the company as "more than just a founder".

Nandan Nilekani

25 Aug 2017

Aadhaar will come out with flying colours: Nandan Nilekani

In his maiden address to investors, hours after he began his second innings at Infosys, Nilekani responding to a specific query on the SC verdict said: "I think it's a superb decision".

Nandan Nilekani

25 Aug 2017

Joined Infosys at 26, re-joined at 62, says Nilekani

The architect of unique ID Aadhaar -- a data mine that contains biometric information of a billion Indians -- says life has come a full circle for him, as he heads back to the company he co-founded over three decades ago.

24 Aug 2017

Address issues raised by Murthy with facts: Former Infosys employees write to Board

Longevity of the organization has been his ambition and driving force, founded on the cornerstone of a strong value system, they said.

24 Aug 2017

Co-founders to decide on Nilekani's return to Infosys: Ex-CFO Mohandas Pai

Pai also said all the co-founders would collectively take a decision on the return of Nandan Nilekani, a co-founder and former CEO, to the Bengaluru-headquartered IT firm.

Nandan Nilekani

24 Aug 2017

Infosys rises 2% on Nandan Nilekani return buzz

On the National Stock Exchange (NSE), the stock closed 2.09 per cent higher at Rs 911.50. During the day, the scrip had touched a high of Rs 918.25 and a low of Rs 902.35.

20 Apr 2017

Severance pay: Infosys ex-CFO Rajiv Bansal turns to arbitration

Rajiv Bansal, former CFO of Infosys, has dragged his former employer to arbitration to claim the remaining Rs 12 crore of his severance pay.

Narayana Murthy

03 Apr 2017

Full text of Infosys founder Narayana Murthy's letter on COO Rao's pay hike

Text of Narayan Murthy`s letter to the media about COO Pravin Rao`s compensation.

03 Apr 2017

Fresh row at Infosys: Compensation hike to COO Pravin Rao not proper, says Narayana Murthy

In a letter that was released to media, he also said that given the current poor governance standards at Infosys, the targets for variable pay may not be adhered to if the board wants to favor a top management person.

21 Feb 2017

Infosys denies allegations made by whistleblower's letter

IT solutions provider Infosys retaliated against allegations made in the anonymous whistleblower`s letter that was published in newspapers on Monday, stating that the assertions made are libellous and are aimed at tarnishing the image of Infosys and its management.

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