V Balakrishnan News

Earlier, Murthy had accused Infosys and its board of failing in disclosure and corporate governance norms.

Former Infosys CFO V Balakrishnan on Tuesday said the board of the IT major is blaming co-founder N R Narayana Murthy over Vishal Sikka's exit as CEO "just to hide its own failures".

Infosys former CFO V Balakrishnan has said the company should have increased the size of its buyback plan to boost investor confidence amid the uncertainties at the firm, but maintained that the probe by the US law firms will have no bearing on the offer.

Employees' unions are not needed in information technology industry where work ethic is good and the staff are well-paid with techies even finding opportunities outside the company they work for, says a senior industry figure.

Infosys former CFO V Balakrishnan on Monday said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to take the "first step" to address the concerns raised.

As the rift between founders and its Board widens at Infosys, its former CFO V Balakrishnan on Sunday said an interim chairman should be appointed at the earliest to "effectively" engage with its billionaire co-founders.

Exfinity Technology Fund, promoted by former IT honchos of Infosys, Wipro and I-flex, Friday announced raising Rs.25 crore in the second and final round of funding exercising the green shoe option.

The former executives are seeking Rs 3,850 a share, which is a premium of 7.7 percent over the company's closing price of Rs 3,574 on Wednesday.

The demand comes at a time when Infosys is in the middle of the biggest leadership transition in its history.