The Board of Infosys On Friday termed as “unfortunate” the past differences with founder NR Narayana Murthy and said it never intended to cause him “personal distress or anguish”. Addressing a press conference after the Board meeting, newly appointed Infosys Chairman Nandan Nilekani said: “The board is focused on bringing complete stability to the company and that it has tasked its Committee of Directors to work with the CEO and […]

Shares of Infosys ended sharply lower by nearly 10 percent on Friday, wiping out Rs 22,519 crore from its market valuation, after Vishal Sikka, the first non- founder CEO of the company, called it quits. The stock slumped 9.60 percent to settle at Rs 923.10 on BSE. During the day, it dived 13.39 percent to Rs 884.40 – its 52-week low level. At NSE, shares of the company plummeted 9.56 […]

Infosys saw A whopping 37,915 engineers leave the software major while its hiring plunged 65 per cent in fiscal year 2016-17 thanks to increasing automation and thrust on artificial intelligence in its operations and projects. According to the employee metrics disclosed by Infosys on Thursday, 37,915 left the company and its subsidiaries worldwide during the fiscal year under review (FY 2017) as against 34,688 in the previous fiscal year (2015-16). […]

NR Narayana Murthy was on the top of his game for the larger part of his career. He steered Infosys, the software services company he founded in 1981, with six others, to make it the poster boy of the Indian information technology (IT) industry. For over three decades Infosys was under Murthy’s shadow, from 1993-2002 (since it got listed) as it’s CEO, later as its chairman, until stepped down from […]