COVID-19 aftermath: Funding divide among Indian startups makes survival difficult; while some bag millions, others struggle
Funding in Indian tech-led startups rose by 14 percent in the first quarter of 2020 as compared to the same period last year, yet only 16 percent startups and SMEs have cash to survive for more than three months, revealed a recent survey
More than one million information technology employees are expected to continue to work from home even after the coronavirus-inflicted lockdown situation returns to normalcy, says IT industry veteran Senapathy (Kris) Gopalakrishnan
The cloud computing proposal by India could deal a blow to companies like Amazon and Microsoft.
Infosys CEO resigns: Revenues, profit up under Vishal Sikka, so what are the co-founders complaining about?
VIshal Sikka’s resignation has wiped off investor wealth in Infosys to a whopping Rs 22.430 crore market capitalisation in the bourses.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run since their exit three years ago.
Narayana Murthy, Nandan Nilekani et al may sell entire Infosys stake worth Rs 28,000 cr, says report
There is also a possibility that this is likely to be a pressure tactics to force the management to fall in line.
Infosys founder NR Narayana Murthy has lamented dropping performance standards at the IT behemoth, saying the generous compensation given to COO Pravin Rao was improper
More than a week after co-founders N R Narayana Murthy, Nandan Nilekani and Kris Gopalakrishnan flagged what they said were corporate governance issues, Seshasayee and other board members, including Chief Executive Vishal Sikka, addressed an hour-long press conference to clear the air.
Here's how the war of words unfolded
Making his first public statement on the row that broke out after co-founders Murthy, Nandan Nilekani and Kris Gopalakrishnan wrote to Infosys Board questioning hike in CEO's compensation and severance pay to quiting executives, Sikka said the company is based on a very strong fabric.
The co-founders are upright people and are concerned about corporate governance. They have to be treated with respect.
The sore point with the founders has been the more than generous remuneration its CEO Vishal Sikkha has helped himself to that is reportedly several hundred times more than the median salary.
The IT company said its founders and board could have differing views on issues such as Sikka's compensation, the appointment of certain independent directors and the severance paid to former employees but all decisions were taken with the approval of shareholders and the necessary disclosures.
Pai, who served as a board member of Infosys from 2000 to 2011, also said it was a "mistake" on the part of N R Narayana Murthy to "focus on only founders becoming leaders (CEOs)" which led many people to quit the company.
"With regard to concerns on governance... we would like to reiterate that all decisions have been made bona fide, in the overall interest of the company, and that full disclosures have already been made thereon," Infosys said in an emailed statement.
As the economy will double in the next 10 years, the e-commerce industry will also grow, said Krish Gopalakrishnan at a panel discussion