Mohandas Pai sought to look at the issue of founders raising questions as shareholder activism. Former Infosys board member T V Mohandas Pai has called on Infosys to announce a share buyback that would help efficient use of capital by India's second largest software exporter and sought to look at the issue of founders raising questions as shareholder activism similar to that in rival Cognizant. Pai's comments come in the wake of the larger rival Cognizant heeding to its investor hedge fund ... Rediff.com, 2 months ago
Also looks at setting up development and training centres in the US to tide over visa-related issues IT major Infosys plans to focus more on local hiring in the US and is also looking at setting up development and training centres in the country as part of its efforts to tide over visa-related issues. Infosys has been in favour of a healthy mix of local and global personnel even though hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies. With the US ...Rediff.com, 1 week ago
Infosys on Thursday appointed independent director Ravi Venkatesan co-chairman amid calls from founders to diversify the board. The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards. "Ravi will help me enhance the board engagement in supporting the management in execution of the company's strategy," R Seshasayee, Infosys ...Rediff.com, 1 week ago
Sore points: Sikka's salary, high severance pay to executives, poor disclosures. I Image: Infosys founders (from left) Nandan Nilekani, N S Raghavan, Kris Gopalakrishnan, N R Narayanmurthy, S D Shibulal and K Dinesh at Infosys headquarters. Photograph: Shailendra Bhojak/PTI Photo. The founders of Infosys have flagged concerns over transparency and corporate governance at the second-largest software exporter in the country. They have questioned the compensation package of Chief Executive ...Rediff.com, 2 months ago
A senior citizen was seriously injured after a portion of a skywalk in the Mumbai suburb of Dahisar collapsed, civic officials said today. Sunil Kulkarni (65) received serious injuries in the collapse last night at Dahisar West. Bystanders immediately rushed him to the nearby Silverline hospital where he was being treated, said an official from the municipal corporation's disaster management control room. According to the official, there were no other casualties in the incident. ...Rediff.com, 2 months ago
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