Vishal Sikka

Timelines
Infosys loses arbitration, asked to pay Rs. 12cr to Bansal

18 Sep 2018

Infosys loses arbitration, asked to pay Rs. 12cr to Bansal

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.

Ex-Infosys CEO Vishal Sikka received Rs. 13cr remuneration in 2017-18

22 May 2018

Ex-Infosys CEO Vishal Sikka received Rs. 13cr remuneration in 2017-18

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.

Whistleblower asks SEBI to question Infosys board

16 Apr 2018

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.

How much does Salil Parekh, new Infosys CEO, earn?

04 Jan 2018

How much does Salil Parekh, new Infosys CEO, earn?

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

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

02 Dec 2017

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

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

24 Oct 2017

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.

A month after Sikka, Infosys senior VP Sanjay Rajagopalan resigns

18 Sep 2017

A month after Sikka, Infosys senior VP Sanjay Rajagopalan resigns

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

Infosys to recruit 6,000 techies annually for next 2 years

10 Sep 2017

Infosys to recruit 6,000 techies annually for next 2 years

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 offer shares worth Rs. 2,038 crore for buyback

04 Sep 2017

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.

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

01 Sep 2017

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

30 Aug 2017

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

27 Aug 2017

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.

Will Vishal Sikka join HPE as CTO? Sources say yes

25 Aug 2017

Will Vishal Sikka join HPE as CTO? Sources say yes

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.

Infosys appoints Nandan Nilekani as Chairman of the Board

24 Aug 2017

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.

US law firms file suits against Infosys after Sikka's resignation

20 Aug 2017

US law firms file suits against Infosys after Sikka's resignation

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 share buyback: What you need to know

20 Aug 2017

Infosys share buyback: What you need to know

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

Who could be the next CEO of Infosys?

19 Aug 2017

Who could be the next CEO of Infosys?

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 Infosys stint: The highs and lows

18 Aug 2017

Vishal Sikka's Infosys stint: The highs and lows

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".

Infosys CEO Vishal Sikka resigns, what's next?

18 Aug 2017

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.

36th Infosys AGM: Unhappy founders choose to skip

25 Jun 2017

36th Infosys AGM: Unhappy founders choose to skip

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.

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

09 Jun 2017

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.

Infosys gives Rs. 14 crore in compensation, Sikka's pay slashed

24 May 2017

Infosys gives Rs. 14 crore in compensation, Sikka's pay slashed

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.

Japanese firms eye automation due to lack of labor

16 May 2017

Japanese firms eye automation due to lack of labor

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.

White House welcomes Infosys decision to hire Americans

03 May 2017

White House welcomes Infosys decision to hire Americans

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."

H-1B issue: Infosys to hire 10,000 local US techies

02 May 2017

H-1B issue: Infosys to hire 10,000 local US techies

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.

Former Infosys CFO  fights for salary dues

21 Apr 2017

Former Infosys CFO fights for salary dues

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

Infosys Q4 results report 2.83% fall in net profits

13 Apr 2017

Infosys Q4 results report 2.83% fall in net profits

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

Infosys may freeze over, Sikkha will get a check

05 Apr 2017

Infosys may freeze over, Sikkha will get a check

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

New H-1B visa norms: Entry level computer programmers face hit

05 Apr 2017

New H-1B visa norms: Entry level computer programmers face hit

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.

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

03 Apr 2017

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.

SEBI seeks to overhaul board room governance

27 Feb 2017

SEBI seeks to overhaul board room governance

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.

NSE, BSE seek clarification from Infosys over whistle-blower's allegations

22 Feb 2017

NSE, BSE seek clarification from Infosys over whistle-blower's allegations

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.

Infosys CEO writes to employees against "libellous" allegations

21 Feb 2017

Infosys CEO writes to employees against "libellous" allegations

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.

Decision on hefty severance pay for ex-Infy CFO not recorded

15 Feb 2017

Decision on hefty severance pay for ex-Infy CFO not recorded

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.

Whistleblower's letter malicious, slanderous: Vishal Sikka

14 Feb 2017

Whistleblower's letter malicious, slanderous: Vishal Sikka

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.

Infosys founders critical of Vishal Sikka's variable pay

10 Feb 2017

Infosys founders critical of Vishal Sikka's variable pay

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

Infosys releases 9000 employees as automation kicks in

22 Jan 2017

Infosys releases 9000 employees as automation kicks in

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

Infosys's appointment of DN Prahlad sees shareholders uneasy

20 Oct 2016

Infosys's appointment of DN Prahlad sees shareholders uneasy

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.

Infosys EVP Sanjay Purohit resigns

20 Sep 2016

Infosys EVP Sanjay Purohit resigns

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

CEO salaries: Exponential rise

25 Aug 2016

CEO salaries: Exponential rise

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.