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Infosys co-founder Narayana Murthy.
Is Narayana Murthy alone in the Infosys boardroom battle?

Vishal Sikka’s resignation has cemented the battle lines inside India’s second largest IT firm, with the board of the company finally going on the offensive against co-founder NR Narayana Murthy.

19 Aug 2017

Infosys co-founder NR Narayana Murthy | Express File Photo
Narayana Murthy invokes Mahatma Gandhi to emphasis on good corporate governance

Earlier today, Infosys CEO and MD Vishal Sikka had tendered his resignation from the dual post. The company announced his appointment as executive vice-chairman.

19 Aug 2017

A ICICI bank facility. (File | Reuters)
ICICI Bank cut interest rate on savings account by 0.5%

The interest rate on savings bank accounts with deposits of Rs 50 lakh and above remains unchanged at 4 per cent, the bank said in a regulatory filing.

18 Aug 2017

Adani Group chairman Gautam Adani. (File | Reuters)
Congress demands SC-monitored CBI probe into alleged scam by Adani Group

Ajay Maken said the Congress-led UPA government had initiated a probe into alleged over-invoicing on import of electrical equipment by a subsidiary of the Adani Enterprises in the power sector.

18 Aug 2017

Maggi (File)
Nestle partners Amazon for new range of Maggi noodles

The new range Nutri Licious will be available to consumers first on Amazon starting August 20, 2017.

18 Aug 2017

Infosys Executive Vice Chairman Former CEO Vishal Sikka addressing through a video-link from California as Co-Chairman Ravi Venkatesan looks on during a press conference to announce the new interim CEO at the company's headquarters in Bengaluru on Friday. |PTI
'Vishal' shake up at Infosys; Sikka logs out as CEO

Vishal Sikka, the first non-founder CEO of Infosys, today resigned from the company following months of acrimony with high-profile founders, led by NR Narayana Murthy.

18 Aug 2017

Vishal Sikka
Vishal Sikka exit from Infosys revives promoter vs outsider debate for top job

This is the second high profile exit of an 'outsider' from the top post of a big enterprise in India, after Cyrus Mistry was removed as the head of the over USD 100 billion Tata group.

18 Aug 2017

Image used for representational purpose
Flood bill of approx Rs 150 crore for railways in 7 days: Ministry

The loss of revenue, officials say, is mostly because of major cancellations of trains in these two zones primarily due to submerging of tracks.

18 Aug 2017

People walking on the flooded railway tracks at Jokhalabandha in Nagaon district of Assam on Monday. | PTI
Northeast floods: 80 crore loss to railways as 800 trains cancelled

Railway Board Member Traffic Md Jamshed said tracks in parts of northeast are under water and entry to Northeast Frontier Railway is stopped.

18 Aug 2017

An advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi. (File | Reuters)
Product differentiation key to meet competition: SAIL Chairman

SAIL chairman P K Singh said that Rourkela has one of the best workforces in the industry where the ramping up after modernisation was achieved in one of the shortest times.

18 Aug 2017

The notes will be in the Mahatma Gandhi (New) Series.
RBI to introduce new Rs 50 notes; old notes will remain legal

The Reserve Bank of India will soon issue new Rs 50 notes with a base colour of fluorescent blue.

18 Aug 2017

Trai. (PTI File Photo)
Telecom regulator TRAI gets tough on call drops; slaps penalty of up to Rs 10 lakh

TRAI today issued stringent guidelines to curb call drops along with a penalty of up to Rs 10 lakh on service providers if they fail to meet the benchmark for three consecutive quarters.

18 Aug 2017

Vishal Sikka | Reuters
Promoters have no say after leaving: Former Nasscom chairman Mohan Reddy on Vishal Sikka's exit

Reddy said, it's very sad to see a good CEO leaving a great company for avoidable reasons. The promoters have no right to interfere or have say in the matter once they leave the company.

18 Aug 2017

Infosys (File|Reuters)
Infosys says Murthy's charges 'completely untenable'

The comments came after Murthy said several shareholders had told him that an "impartial and objective investigation" does not happen in the manner in which Infosys' probe was conducted.

18 Aug 2017

Nandan Nilekani (Photo |PTI)
Bring back Nandan Nilekani as Infosys chairman, says advisory firm

The Institutional Investor Advisory Services said the Infosys board has been "unable to protect its CEO" and to select a successor it must begin by "reinventing itself".

18 Aug 2017

(Left) Infosys CEO Vishal Sikka. (Right) Infosys co-founder Narayana Murthy. (Photos | PTI file photo)
Infosys board at fault, haven't said anything about Vishal Sikka's work: Narayana Murthy after CEO's resignation

Infosys co-founder NR Narayana Murthy said he is not seeking "any money, position for children, or power", while expressing anguish over the board's allegations.

18 Aug 2017

Infosys co-founder Narayana Murthy.
Upset by Infosys board's charges, will respond at right time: NR Narayana Murthy

Murthy said his concern primarily was the "deteriorating standard" of corporate governance at Infosys.

18 Aug 2017

A sign board in the Infosys campus at the Electronics City IT district in Bengaluru (File Photo | Reuters)
No change in equity shares buyback plans, says Infosys after CEO Vishal Sikka's exit

The board of the embattled company - which saw its CEO Vishal Sikka step down today amid founders alleging corporate governance lapses - is scheduled to meet tomorrow to consider the buyback proposal.

18 Aug 2017

UB Pravin Rao. (Photo | Infosys)
Pravin Rao to be interim Infosys CEO, MD post-Vishal Sikka's exit; here are seven points about him

UB Pravin Rao has been appointed as the interim Managing Director and Chief Executive Officer of Infosys, post CEO and MD Vishal Sikka's resignation today.

18 Aug 2017

BSE benchmark Sensex fell nearly 208 points and Infosys tanked over 7 per cent in early trade after Vishal Sikka resigned as MD and CEO with immediate effect. (Reuters file image used for representational purpose)
Sensex dives 271 points, Infosys crashes 9.6 per cent as CEO Vishal Sikka resigns

Vishal Sikka's resignation as Infosys CEO today dealt a big blow to stock indices as the Sensex plunged 271 points while the Nifty managed to end above 9,800.

18 Aug 2017

Photo Courtesy: shop.lenovo.com
China's Lenovo warns of cost challenges as it sinks to Q1 loss

Chinese personal computer maker Lenovo Group Ltd posted its first quarterly loss in almost two years on Friday.

18 Aug 2017