Tag Archives: Infosys

Nandan Nilekani will not receive any remuneration for his current post: Infosys

India’s second largest IT services firm Infosys said on Friday that incumbent non-executive and non- independent chairman Nandan Nilekani will not receive any remuneration for his current post. In a BSE filing, the company said Nilekani’s office as director shall be subject to retirement by rotation and the remuneration proposed to be paid to him is nil. Nilekani… Read More »

Nandan Nilekani back as Infosys chairman, Vishal Sikka resigns from board

A little over 36 years after he co-founded Infosys Ltd with six others and exactly a decade after he stepped down as its chief executive officer, Nandan Nilekani has returned to the company after he was unanimously named by the board as its non-executive chairman in a widely anticipated move. The appointment, a significant victory for co-founder NR Narayana Murthy… Read More »

Infosys shares rise on reports co-founder Nilekani may return to board

Shares in Infosys rose for a third straight day on Thursday, following reports that former chief executive Nandan Nilekani could return to the board to help the software services exporter ride out its latest controversy. The board has been locked in a dispute for months with the company’s founders, led by former chairman Narayana Murthy, who have accused the directors… Read More »

Infosys Says Reports Of Job Losses Overstated, To Hire 20,000 This Year

New Delhi: IT services major Infosys today said it will hire 20,000 people this year as against only 400 people being asked to leave on performance grounds and termed reports of large-scale job losses as “overstated”. Infosys COO UB Pravin Rao said the technology-driven transformation presents new opportunities for companies like Infosys. “With respect to all the talks… Read More »

Infosys trims revenue outlook as outsourcers brace for tighter US regime

Infosys Ltd, India’s second-biggest software services exporter, pared its full-year revenue growth outlook as it fights uncertainties in its biggest markets that could curb client spending on technology. Infosys and its rivals in India’s $150 billion software services sector have struggled in recent quarters as major clients in the United States and Europe, their biggest markets, held back… Read More »