16
Friday
November 2018
6:26 AM IST
News Headlines
Jailed Om Prakash Chautala Expels Older Son For "Anti-Party Activities"        ISRO Launches Communication Satellite, Has 'Geo-Eye' To Monitor India        US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya        Sri Lankan Parliament passes no-trust vote against Rajapaksa        Mitchell Starc released from IPL contract ahead of Ashes, WC        World Championships: Older, wiser, stronger Mary Kom attempts to win 6th global title        India to host Italy on grass in Kolkata        It won't be easy for Mary Kom, says High Performance Director Nieva        Sensex rebounds 332 pts on easing crude, rupee gains        Govt mulls second round of 2,500 MW medium-term PPA auction        UK says Brexit deal 'almost within touching distance'        Trump criticises Macron again over European defence remarks        Infiltration bid foiled by Army in J&K, two terrorists killed        Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities        Flipkart Group CEO Binny Bansal quits over 'serious personal misconduct' charges        Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Infosys stable and on verge of something momentous: Nilekani
 
Bengaluru, Jun 23 (PTI) Infosys Non-Executive Chairman Nandan Nilekani today said the company has taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous.

"When I stepped for the second time into Infosys in August last year, one of the concerns that you raised was about the company's stability. We have taken several steps during the year to remedy this," he said at the company's 37th Annual General Meeting here.

"We have a very stable management team and board, and everybody is united, and agrees that we are really on the verge of something momentous. The focus is now on relentless execution," he added.

Infosys faced months of protracted standoff between its founders led by N R Narayana Murthy and the previous management over issues of corporate governance and compensation to former executives.

The tussle had led to the sudden resignation of the then CEO Vishal Sikka in August last year, followed by R Seshasayee and some other directors.

Speaking at the AGM, Nilekani assured that the company would spare no effort to do all it can to realise its aspirations, with the generous support of all stakeholders and his colleagues on the board.

It was the resilience of this team that helped Infosys get through some rather testing times in the year gone by and helped it deliver strong financial performance, he said.

"I am grateful for this and for the privilege and opportunity to serve this iconic company once again," he added.

Nilekani further said even as the company brings in new digital capability to its landscape, it also has a gameplan to bring its traditional core systems into the modern era.

Hence, he said a very important aspect of the company which it is doing is energising the core for its clients in as big a way as it is powering its digital transformation.

The company has evolved from leveraging classic software development methods to approaching software creation in more agile and digital ways, Nilekani said.

The board has recommended a final dividend of Rs 20.

50 per share for the year ending March 31, 2018, he said.

The Board also has recommended a special dividend of Rs 10 per share, he added.

In October 2017, the company paid an interim dividend of Rs 13 per share, Nilekani said.

The total dividend for this year, excluding the special dividend, is Rs 33.50 per share and including the special dividend, is Rs 43.50 per share, he added.

"Total dividend paid last year was Rs 25.75 per share," he said.


Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
Rupee declines 11 paise to close at 73.27 against US dollar
Gold rises in futures trade; up 0.54% on global cues
Mistry announces startup fund on 2nd anniversary of his ouster
BSE gets Sebi's nod to launch Oman crude oil contract
Sensex cracks 34,000-mark, Nifty below 10,200 on weak global cues
Petrol pumps in Delhi on strike demanding VAT cut
RBI likely to stay on hold for rest of FY'19 : Report
Japan introduces Artificial Intelligence technology to ease business
Reliance Industries posts net profit of Rs 9516cr in Q2
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent  
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
INTERNATIONAL NEWS
US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya
 (Singapore, Nov 14, 2018):The violence which drove 700,000 Rohingya Muslims from Myanmar into
Sri Lankan Parliament passes no-trust vote against Rajapaksa
UK says Brexit deal 'almost within touching distance'
Trump criticises Macron again over European defence remarks
NATIONAL NEWS
Jailed Om Prakash Chautala Expels Older Son For "Anti-Party Activities"
 (New Delhi, Nov 14, 2018):In yet another escalation of the family feud, former Haryana chief
ISRO Launches Communication Satellite, Has 'Geo-Eye' To Monitor India
Infiltration bid foiled by Army in J&K, two terrorists killed
Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.