At Infosys, it’s all-out war as Vishal Sikka resigns

At Infosys, it’s all-out war as Vishal Sikka resigns

At Infosys Ltd, the battle between the founders and the company’s board has just gone nuclear. In an unprecedented attack, the board of Infosys on Friday blamed founder NR Narayana Murthy, who has often referred to Infosys as his “middle...
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Infosys approves up to Rs 13,000 crore buyback of shares

Infosys approves up to Rs 13,000 crore buyback of shares

India’s second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to Rs 130 billion ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders. The board...
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Sensex Up Over 100 Points, ITC Surges Nearly 3%

Indian shares edged up on Wednesday, but investors remained on the sidelines in the absence of strong catalysts after the market’s record-setting run early this month. Sentiment was largely muted in Asia, with MSCI’s broadest index of Asia-Pacific ...
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Vishal Sikka’s exit from Infosys revives promoter vs outsider debate for top job

Vishal Sikka’s exit from Infosys revives promoter vs outsider debate for top job

The promoter-versus-outsider debate has returned to the fore on running a blue-chip enterprise in India with experts blaming differences between the top management and some founders for Vishal Sikka quitting as Infosys CEO. Sikka took charge as Infosys’ fir...
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Global Markets, Dollar Rally As North Korea Blinks

Asian shares rallied and the dollar firmed on Tuesday after North Korea’s leader signalled that he would delay plans to fire a missile near Guam, easing tensions and prompting investors to move back into beaten-down riskier assets. MSCI’s broadest ...
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Sensex Rebounds 235 Points, DLF Surges 16%

The BSE Sensex and Nifty rebounded sharply on Monday, snapping a five-session selloff. The Sensex ended 235 points higher at 31,449 while Nifty settled at 9,794, up 83 points. Midcap and smallcap stocks which had seen sharper losses in the...
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