Diabytes
N R Narayana Murthy News
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The Infosys campus has been built a cost of Rs 426 crore, spanning 50 acres at New Town built.
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Entrepreneur Naren Krishna, who shared his unexpected journey with Murthy on LinkedIn, expressed his sheer disbelief at sharing an economy seat with the visionary businessman.
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Earlier, Murthy had accused Infosys and its board of failing in disclosure and corporate governance norms.
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Some ex-directors of Infosys and commentators, who made "wrong allegations" against Murthy, should also apologise, he said.
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On scouting new CEO for Infosys, Murthy said there is no need to give advice to Nilekani because he had been a good CEO himself.
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SES explained that Murthy was able to get "his people" appointed on the Board, forcing exit of other directors.
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Nilekani, along with family, has offered to tender 58 lakh shares. Murthy, along with wife Sudha and two children, has put over 54 lakh shares on the block.
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He will continue to hold the position of interim-CEO and MD for a maximum of five years, or until a new CEO and MD is appointed, Infosys said in its postal ballot.
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Seshasayee, however, hit out at Murthy on Friday for carrying out "personal attacks" and making "false and slanderous accusations" against him, saying he was unable to understand the motivation for the persistent vendetta.
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R Seshasayee said that he had always been candid and truthful in all his statements concerning Infosys.
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Murthy said the lesson learnt from the entire episode is that when there is a cloud around how the organisation is being governed, one must speak up.
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Murthy said he hoped the company`s management would rally behind Nandan Nilekani who was named as non-executive chairman last week.
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Co-founder Nandan Nilekani has returned to the company for a second innings, this time as non-executive Chairman in a Board-level shake-up that saw the exit of Chairman R Seshasayee along with two independent members.
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The founders, led by N R Narayana Murthy, had alleged corporate governance lapses at the country's second-largest software services firm.
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Sikka's resignation as CEO last week escalated the tensions between the founders and the management of India's second largest software company. He was then named Vice- Chairman.
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Infosys shares plumbed a more than three-year low on Monday but have risen since on expectations of Nilekani`s return.
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The company said in a statement, read out by Nilekani, that the Board is focused on the future, consistent with the commitment to good governance.
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The architect of unique ID Aadhaar -- a data mine that contains biometric information of a billion Indians -- says life has come a full circle for him, as he heads back to the company he co-founded over three decades ago.
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Hours after taking charge at Infosys, Nandan Nilekani on Friday described N R Narayana Murthy as an iconic figure who he said helped the company set high standards of corporate governance.
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Longevity of the organization has been his ambition and driving force, founded on the cornerstone of a strong value system, they said.
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