President Ram Nath Kovind today inaugurated the newly-built airport at Shirdi in Maharashtra and flagged off the facility's first commercial flight to Mumbai.
Rajiv Bansal, who is additional secretary and financial adviser at the petroleum ministry, will replace Ashwani Lohani -- who has been appointed as the Chairman of Railway Board.
There were no immediate comments from Narayana Murthy on the allegations
Vishal Sikka filled the CEO bill perfectly as he brought to the table his formidable knowledge and experience of developing SAP and ERP solutions besides using artificial intelligence
Vishal Sikka resigns: Former Infosys CEO played like Narendra Modi, but Narayana Murthy was no Advani
Narayana Murthy's dissent is much like that of Steve Jobs on the board of Apple when he was ousted ( though not fired) by John Sculley -- the man Jobs hired.
Sawhney replaces Gopi Krishnan Radhakrishnan — the acting general counsel of Infosys — who will be leaving the company later this month to pursue other opportunities.
Infosys paid Bansal just Rs 5 crore before suspending the remaining payment that was due to him
The dispute between the founders and the board of Infosys Ltd over governance issues spilled into public view again as founder N.R. Narayana Murthy criticised a salary hike given to COO Pravin Rao.
Had Vijay Mallya been compassionate in his capitalist dreams, he would have gone a long way in assuaging the woes of his employees at Kingfisher Airlines. This could perhaps have even prevented him from turning a fugitive
Infosys' Pravin Rao's salary hike issue: Narayana Murthy should not impose his socialist views on board
The tragic flaw in Murthy's missive, however, is in the way he is invoking ideas of trusteeship capitalism championed by Mahatma Gandhi in slamming Rao
Transforming culture of a company is "difficult" but the challenge is to transition "without losing values" and "ethos", Infosys chief Vishal Sikka has said.
The comments come against the backdrop of a recent public spat between Infosys founders and board members over alleged governance lapses.
It makes more sense for Infosys to make a strategic choice towards innovation-led growth in an emerging future than save some pennies to boost the short-term earning per share.
Of the 195 senior executives that earned a salary of over Rs 5 lakh per month, 88 of them witnessed fall in their gross remuneration by 0.45 percent to 47.31 percent in 2015-16
The Securities and Exchange Board of India will soon ask for a response from Infosys over the issues regarding the severance package being paid to the former chief financial officer Rajiv Bansal and the acquisition of Israel firm Panaya
Pai claimed that the company disclosed the severance agreement it had reached with the then CFO Bansal in the annual report only after the media got a whiff of the matter.
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.
The recent war of words between its promoters and the management is sullying a reputation hard earned, never mind the actual missteps which may have occurred.
It is being reported that the Israeli firm was valued six times its revenue, even though the company was on the verge of shutting and had laid of several employees before the execution of the deal
The comments come at a time when there has been a lot of buzz around some of the founders flagging concerns about governance lapses at Infosys and issues like hike in Sikka's compensation to $11 million and huge severance pay doled out to former executives, Rajiv Bansal and David Kennedy.