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September 2018
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News Headlines
Golden Globe Race: Indian Navy Officer Abhilash Tomy injured; INS Satpura dispatched for rescue        India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"        Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande        Wreckage of Captain Cook’s ship found off US coast        Death toll reaches 136 in Tanzania ferry disaster with scores missing        Ravindra Jadeja, Rohit Sharma take India to comprehensive 7-wicket win        Naomi Osaka Eases into WTA Tokyo Event Semi-final        Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect        Three kidnapped cops killed by terrorists in Jammu and Kashmir        Freak penne trending with dislikes and trolls        Kannur International Airport: Kerala to be the first state with four international airports        Kim, Moon join hands on peak of sacred North Korean volcano        Birthday boy Rashid stars in Afghanistan's 136-run win against Bangladesh        Shahbaz Nadeem claims eight wickets; breaks List A world record        CAT 2018: Registration extended to Sept 26; Admit card to Release on Oct 24        BAI distributes 1.6 crore to state Association        Rodrigues, Yadav help Indian women take 1-0 lead in T20 series        Sensex recovers over 100 points on value-buying, global cues        Deepak Kapoor Appointed the new Chairperson of Save the Children        Palestinian schools strive to modernize classrooms        
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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.


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INTERNATIONAL NEWS
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 (Sydney, Sep 21, 2018):The Endeavour set off from England in 1768 and traversed a world that
Death toll reaches 136 in Tanzania ferry disaster with scores missing
Kim, Moon join hands on peak of sacred North Korean volcano
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NATIONAL NEWS
India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"
 (New Delhi, Sep 21, 2018):Within 24 hours of announcing that the Indian and Pakistani foreign
Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande
Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect
Three kidnapped cops killed by terrorists in Jammu and Kashmir
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