Articles about Vishal Sikka

India's second largest software company, Infosys Ltd., has lost the arbitration over its disputed severance package to former Chief Financial Officer (CFO) Rajiv Bansal.

Former Infosys CEO Vishal Sikka, who resigned last year after a row with Infosys co-founder NR Narayana Murthy, received around Rs. 13cr in compensation for 2017-18.

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.

After months of search, Infosys finally decided on its new CEO last December. Salil Parekh took charge the day before yesterday.

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.

A month after Vishal Sikka resigned from Infosys, the company's senior vice-president Sanjay Rajagopalan has also quit his post.

Despite Vishal Sikka's resignation and turbulence over clashes between board members and founders over corporate governance issues, Infosys has announced that it will continue to recruit 6,000 employees per annum for the next two years.

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.

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.

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).

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.

A week ago, Vishal Sikka resigned from the post of Infosys CEO and joined as executive vice chairman. Yesterday, he quit that too, stepping down with immediate effect.

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.

The ramifications of Vishal Sikka's resignation from Infosys have been huge. Three American law firms have filed class action suits against it over alleged securities fraud, misleading information and unlawful practices.

Infosys CEO Vishal Sikka resigned on 18th Aug, citing slander by the company's founder.

Following the resignation of its first non-founder CEO, Vishal Sikka, Infosys is sifting through the resumes of internal and external candidates to find his successor.

Vishal Sikka's tenure at Infosys has been filled with bitter controversies, a war between the Narayana Murthy-led founders' camp and the Sikka-led management, and "unrelenting, baseless/malicious and increasingly personal attacks".

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

The 36th Annual General Meeting (AGM) for 2016-17 of Infosys in Bengaluru has reportedly not been attended by any of the co-founders, including NR Narayana Murthy.

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

Post results, Vishal Sikka-led Infosys has been busy, from battling layoff rumors to hiring new overseas employees and pushing towards a new direction that would give the company profitability in the coming years.

In most countries, automation comes at the cost of letting go of human labor, an exercise that draws major flak whenever it is executed but in Japan automation is more of a necessity due to the shortage of labor itself.

Ninio Fetalvo, a White House spokesman stated to the media that "We're glad to see companies like Infosys see opportunity in the American economy again."

Indian technology giant Infosys has decided to open four technology centers and hire over 10,000 US techies in light of the new limitations on the H-1B visas.

Infosys's former CFO Rajiv Bansal invoked his rights to an arbitral tribunal to fight for his salary dues from the company.

Infosys reported a 2.83% fall in consolidated net profit managing Rs. 3,603 crore in January-March quarter.

Non-founder CEO of Infosys Vishal Sikka's new salary with a 55% hike stands at $11 million.

In the midst of the mad dash for H-1B visas, for which entries open every April, the new administration in Washington DC played a trump card through a Homeland Security memo, notifying tougher vetting procedures for computer programmers.

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.

The Securities and Exchange Board of India (SEBI) said that there needs to be an overhaul of the governance structure of boardrooms of listed companies in India.

India's two biggest stock exchanges, the National Stock Exchange and Bombay Stock Exchange, have sought clarifications from Infosys on allegations of the fraudulent acquisition made in two anonymous emails against the management of the IT company.

Following allegations of fraudulent acquisition of Israeli automation firm Panaya, Infosys CEO Vishal Sikka has written to his employees a strongly-worded letter refuting all those allegations.

A meeting in which severance pay of Rs 17.38cr was decided for Infosys' ex-CFO Rajiv Bansal, an issue causing furore in the board, was not initially recorded.

A whistleblower's letter with regards to Infosys alleges that its former Chief Financial Officer (CFO) Rajiv Bansal was paid Rs. 17.4 crore as severance for remaining silent on accounting practices and an overseas acquisition.

Adding to the unhappiness of the Infosys founders with the company's board is the flexible variable pay of CEO Vishal Sikka.

Infosys stated that it has released 8000-9000 employees in the last year as it has begun automation of lower-end jobs.

After Infosys appointed DN Prahlad, a former employee and a relative of N.R. Narayana Murthy to the company's board, many shareholders have not responded well to the appointment.

Last month, Infosys's Executive Vice President, Sanjay Purohit left the company.

An analysis of the salaries of the CEOs of the top twenty listed companies in India for 2015-2016 shows a massive increase in compensation compared to the past few years.