Nandan Nilekani: News

Infosys' next chairman will be a non-founding member: Nandan Nilekani

Infosys, India's second-largest IT services company, will have a non-founding chairman, said Nandan Nilekani, chairman and co-founder of the firm.

Government summons Infosys CEO over glitches in I-T e-filing portal

The Finance Ministry has summoned Infosys MD and CEO, Salil Parekh, over the failure of the company to address issues pertaining to the glitches in the new Income Tax e-filing portal.

Mobile phones to get more expensive; GST council raises tax

Mobile phones are expected to become more expensive as the government has raised the rate of Goods and Services Tax (GST) on them from 12% to 18%.

RailYatri raises over Rs. 100 crore in funding: Details here

RailYatri, a travel-tech start-up, has raised over Rs. 100 crore in the latest funding round led by Entrust Family Office (NRJN Family Services), Infosys co-founder Nandan Nilekani, and Samsung Venture Investment.

Infosys shares fall after whistleblower episode, worst dip since 2013

India's second-largest IT firm, Infosys, has been hit by major turbulence that had a direct impact on its shares. On Tuesday, its shares dipped nearly 16% in early morning trade.

How 'Sahamati' will make bank A/C opening, loans completely digital

After Aadhaar, Nandan Nilekani is ushering the next phase of digital India.

Five of the most famous and successful alumni of IIT-Bombay

The Indian Institutes of Technology (IITs) are the country's premier engineering institutes and a dream destination for engineering aspirants.

#RIPManoharParrikar: 5 things the Goa CM should be remembered for

Four-time Goa CM and former Defense Minister, Manohar Parrikar, passed away on Sunday at 63 after battling a prolonged illness.

RBI appoints Infosys' Nandan Nilekani as Digital Payments Committee chairman

The Reserve Bank of India (RBI) has created a new committee to look into issues surrounding digital payments in India, and has named Infosys co-founder and former UIDAI chairman Nandan Nilekani as its chairman.

'Job Crisis in India': Book advises to prepare for 'gigs'

The safe and steady "9 to 5" jobs may no more be an option for most Indians, warns a new book 'Job Crisis in India', advising youth to be prepared for short-term work or "gigs".

Government invites applications from public, private-sector employees for joint-secy posts

In a rare move, the government has published public ads inviting applications for 10 junior secretary posts.

India's Aadhaar doesn't pose any privacy issue: Bill Gates

India's Aadhaar technology doesn't pose any privacy issue as it's just a bio-ID verification scheme, Microsoft founder Bill Gates said.

Whistleblower asks SEBI to question Infosys board

An anonymous whistleblower has sent a letter to market regulator SEBI demanding accountability about the Infosys board's decision to buy firms Panaya and Skava and sell them three years later at a significantly lower value.

GST Council Meet: Rates on 29 goods, 53 services revised

At the 25th GST Council Meeting, convened in New Delhi, the highest decision-making authority on Goods and Services Tax (GST) has revised the tax rates on as many as 29 items and 53 services.

Capgemini's Salil Parekh named Infosys's new CEO & MD

Bharti family pledges Rs. 7,000cr to university for free education

One of India's richest families, the Bharti family, has pledged 10% of their wealth, Rs. 7,000cr, to philanthropy.

Nandan Nilekani pledges to donate half his wealth to charity

Infosys co-founder Nandan Nilekani and his wife Rohini pledged half of their wealth, estimated at $1.7 billion, to charity this weekend.

UIDAI mulls using dummy numbers to protect Aadhaar data

Amid a wave of criticism over lack of privacy and security, the UIDAI is mulling one more way to protect Aadhaar data of people: dummy numbers.

Digital transactions have shot up by 77 times since demonetization

PM Modi's demonetization drive may not have been as effective in tackling black money as it intended to, but it has served as a definitive catalyst in pushing India towards being a cashless economy.

SC asks Centre why Aadhaar-SIM linking is necessary

While hearing WB's petition against mandatory Aadhaar, the SC noted that a state can't challenge the parliament's mandate in a federal structure.

Infosys profit rises by 7% to Rs. 3,726cr in Q2

Infosys, India's second-largest IT company, reported a Rs. 3,726-crore net-profit for the July-September quarter, posting 7% Quarter-on-Quarter rise and 3% Year-on-Year increase.

Indian Government saved $9bn through Aadhaar scheme: Nandan Nilekani

The Aadhaar scheme has helped India's government save $9bn by eliminating fraud in financial distribution system said Aadhaar's architect, Nandan Nilekani.

Infosys promoters offer shares worth Rs. 2,038 crore for buyback

Infosys promoters, including the co-founder duo N.R. Narayana Murthy and Nandan Nilekani, have offered to put up as many as 1.77 crore shares for sale in the proposed Rs. 13,000 crore buyback offer of the firm.

Nandan Nilekani to work without salary as Infosys Chairman

According to the BSE filing by India's second largest IT firm Infosys, it will not be paying a single dime to its newly instated non-executive and non-independent chairman, Nandan Nilekani.

Infosys engaging with investors to maintain high governance norms

According to its BSE filing, Infosys is currently engaging with its shareholders to discuss what its future course of action should be so that, the "high governance standards" of the firm are maintained.

Murthy's allegations are 'false and slanderous', says former chairman Seshasayee

Responding to Infosys co-founder Narayana Murthy's allegations of lying, former chairman R Seshasayee slammed the "false and slanderous" accusations, saying he didn't understand the reason behind the persistent vendetta.

Infosys founder Narayana Murthy's mysterious whistleblower strikes again

Kickstarting a fresh chapter of controversy, Infosys founder N.R. Narayana Murthy said that a whistleblower had informed him that the former Chairman R. Seshasayee had lied to the firm's shareholders in its 33rd Annual General Meeting (AGM).

Infosys under Nilekani will adapt a 3-pronged strategy

If anything is evident from Nilekani's tweet - "Joined @Infosys at 26, re-joined it at 62." - it's the fact that Infosys is once again relying on its old guard to bring the much-needed order.

Infosys appoints Nandan Nilekani as Chairman of the Board

According to reports, Nandan Nilekani has been appointed as the non-executive, non-independent director and the Chairman of the Board of Director with immediate effect.

Infosys CEO Vishal Sikka resigns, what's next?

Bitter showdowns with the founders, continuous high profile exits and dismal financial condition of Infosys have finally broken down the resilient Vishal Sikka.

Bengaluru girl confronts pervert taking pictures of her on Metro

21-year-old girl from Bengaluru confronted a pervert after he took pictures of her, and made inappropriate gestures at her in a metro train.

Aadhaar poses security challenges, admits Nandan Nilekani

Days after an IIT-graduate was accused of hacking into the Aadhaar database, former chairman of UIDAI, Nandan Nilekani, admitted that security was a big concern for Aadhaar.

Two Indian moon missions may be launched in early 2018!

Attention, Indian space nerds! You may have something big to celebrate as two lunar missions are slated to take off from Indian soil next year.

Nandan Nilekani, Helion MD's $100mn fund for Indian start-ups

Infosys co-founder Nandan Nilekani and senior manager of Helion Sanjeev Aggarwal have announced a $100mn fund for promising new ventures that show potential to grow into billion-dollar companies.

Infosys: To sell or not to, that is the question

For Infosys, it's one bad day after another; the bellwether IT firm has too many things on its plate.

Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.

IIT-B hikes fees, but still does not have full autonomy

IIT-B has increased fees, ranging from 100-300%, for several categories including hostel, gymkhana, medical expenses and exam charges.

Aadhaar has the potential to become a huge money-spinner

With the government pushing Aadhaar at every instance, there is scope for it to become a profitable venture on its own.

Fresh dispute at Infosys over COO Pravin Kumar's pay hike

A resolution to increase the salary of Infosys COO U.B. Pravin Rao has led to fresh dispute between the Infosys board and the company's promoters.

One killed, 9 injured as KSRTC bus catches fire

58-year-old Bhagyamma, a Peenya Dasarahalli resident, was killed and nine others injured when a KSRTC bus caught fire near Arishinakuntte on NH4. Cause of the mishap is not yet known.