Ravi Venkatesan News

Infosys co-chairman Ravi Venkatesan on Tuesday met Finance Minister Arun Jaitley amid the uncertainty surrounding the company following the sudden resignation of its CEO Vishal Sikka.

Infosys Co-Chairman Ravi Venkatesan is hopeful that CEO Vishal Sikka would deliver results for the company and not think of leaving it because of losing high-profile talents.

Venkatesan was responding to a query whether the company would prefer to see Murthy, who has been flagging falling corporate governance standards, as shareholder activist or a well-wisher.

Infosys co-Chairman Ravi Venkatesan today said his priority is to get promoters and management working together as "one Infosys" and not operating in different pockets.

A former CFO of Infosys on Thursday said the company's decision to return Rs 13,000 crore to shareholders is 'too little' and appointing a co-Chairman would make the structure much more complex at board level.

Infosys, India's second-biggest software exporter, Thursday announced plans to return Rs 13,000 crore from its cash pile to shareholders after it reported an almost flat net profit in the March quarter and sales outlook that fell short of estimates.

Amid allegations of irregularities against Bank of Baroda officials in the Rs 6,000 crore illegal remittances case, its newly appointed Chairman Ravi Venkatesan Wednesday called on Finance Minister Arun Jaitley.

P S Jayakumar, the former chief executive of VBHC Value Homes, Tuesday took charge as the new MD and CEO of the state-owned Bank of Baroda for three years.