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Business

Sensex, Nifty hit hard; Infosys plunges 9.6 per cent as Sikka quits

Deadly attack in Spain and rising concerns over Donald Trump's economic agenda cast a long shadow on markets.

18 Aug 2017 5:20 PM IST

Business

Sad to see a 'good CEO' like Vishal Sikka leave: Mohan Reddy

Referring to Murthy, he said that promoters have no locus standi once they leave the company.

18 Aug 2017 5:07 PM IST

Business

Bring back Nilekani as Infosys chairman, says advisory firm

Nilekani was one of the seven founders that set up Infosys more than three decades ago.

18 Aug 2017 4:54 PM IST

Business

No change in buyback plans, says Infosys

Share buybacks typically improve earnings per share and return surplus cash to shareholders.

18 Aug 2017 4:27 PM IST

Business

Murthy 'anguished' by Infosys board allegations, calls them baseless

The Board said Murthy has repeatedly made continuous assaults on Vishal Sikka, leading to his resignation.

18 Aug 2017 3:54 PM IST

Business

Infosys committed to Vishal Sikka's 'strategic direction'

The board also thanked Sikka for agreeing to stay on board as the Executive Vice Chairman and 'ensuring continuity'.

18 Aug 2017 3:01 PM IST

Business

Infosys tanks 13 per cent after Sikka quits as CEO

At NSE stock crashed 13.38 per cent to hit its one- year low of Rs 884.20.

18 Aug 2017 2:45 PM IST

Business

Infosys board claims Narayana Murthy's attacks on Sikka led to his...

The Board argued that Murthy's 'campaign' has intensified over time.

18 Aug 2017 1:05 PM IST

Business

'Continuous stream of distractions' forced Sikka to resign as Infosys...

Sikka, who joined Infosys in August 2014, said these distractions prevented the management's ability to accelerate...

18 Aug 2017 12:35 PM IST

Business

Can't do my job while constantly defending attacks: Sikka

Sikka has been in the midst of a public tussle between the management and founders.

18 Aug 2017 12:31 PM IST

Business

Sensex hit by 208 points, Infosys shares tank 7 per cent as Sikka...

National Stock Exchange index Nifty dropped by 73.95 points or 0.74 per cent to 9,830.20.

18 Aug 2017 11:28 AM IST

Business

Personal attacks behind Vishal Sikka's exit? Read full text of...

False, baseless allegations had a damaging effect on his ability to carry out a 'transformation', said Sikka in his...

18 Aug 2017 11:07 AM IST