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Vishal Sikka resigns News

01 Sep 2017

Engaging with shareholders on governance standards: Infosys

Seshasayee, however, hit out at Murthy on Friday for carrying out "personal attacks" and making "false and slanderous accusations" against him, saying he was unable to understand the motivation for the persistent vendetta.

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.

Infosys Chairman

25 Aug 2017

New Infosys chairman Nandan Nilekani to focus on CEO search, strategy

Infosys shares plumbed a more than three-year low on Monday but have risen since on expectations of Nilekani`s return.

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".

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.

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.

21 Aug 2017

Infosys slips out of 10 most valued companies on NSE

Infosys' market valuation touched Rs 2,00,617 crore, while that of Indian Oil Corporation was marginally higher at Rs 2,00,645.9 crore at the closing on the NSE.

21 Aug 2017

Infosys crisis: Pai flays Sikka for blaming Murthy to cover up his 'bad performance'

Sikka's resignation has plunged Infosys into crisis with the company facing several issues, including a suitable replacement as CEO.

21 Aug 2017

Infosys shares extend slide; down over 5%

The stock slumped 5.37 per cent to close at Rs 873.50 on BSE. During the day, it slipped 5.75 per cent to Rs 870 -- its 52-week low.

20 Aug 2017

Sikka saga: Institutions need to outlive founders, feel experts

Sikka's resignation from IT major Infosys is the second high profile exit of an 'outsider' from a big corporate after Cyrus Mistry was removed as chairman of Tata Sons in November last year.

20 Aug 2017

Narayana Murthy's shadow to loom large over search for Infosys CEO

The board, which has blamed co-founder N R Narayana Murthy for the CEO's resignation, has said it will find a replacement by March 31, 2018.

US law firm Infosys

19 Aug 2017

US law firms initiate investigation against Infosys

The development comes a day after the IT major, which is also listed in the US, saw its CEO Vishal Sikka resign citing slander by founders, led by NR Narayana Murthy.

19 Aug 2017

Infosys to buy back 11.3 crore shares at Rs 1,150 each

The buyback decision comes a day after the company`s Chief Executive Officer (CEO) Vishal Sikka resigned and was appointed Executive Vice-Chairman till a new CEO takes charge by March 31, 2018.

19 Aug 2017

Vishal Sikka saga: Twitteratis have a field day with puns, digs

As an action-packed day unfolded at Infosys with the abrupt exit of CEO Vishal Sikka, amused twitteratis exhibited their witty sides with hilarious digs and puns around an otherwise acrimonious corporate drama.

18 Aug 2017

Below my dignity to respond to such baseless insinuations: Murthy on Sikka's allegations

Once a poster boy of Indian IT success story, Infosys has been battered by intense acrimony, with founders accusing the board of poor corporate governance on issues like executive pay and acquisitions.

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