Free Press Journal
  • Infosys founders offer shares worth Rs 2,038 cr for buyback

    New Delhi : Infosys promoters, including iconic co-founders N R Narayana Murthy and Nandan Nilekani, have offered to sell as many as 1.77 crore shares — worth up to Rs 2,038 crore — in the company’s Rs 13,000 crore buyback offer. The promoters group — which includes most of the founders and their families — have expressed their intention to be part of the company’s first buyback plan in its over three-decade

  • Infosys row: Seshasayee hits back at Narayana Murthy

    Bengaluru: Terming Infosys founder N.R. Narayana Murthy’s charges against him “patently false”, the IT giant’s former non-executive Chairman R. Seshasayee on Friday said it was offensive to give an impression that he had lied to the shareholders.

  • Infosys says some promoters may participate in its share buyback

    Mumbai : Some promoters of Infosys Ltd may participate in the company’s share buyback exercise, the company said in an exchange filing Monday. On Aug 19, the Bengaluru-based information technology major had announced that it would buy back 113.04 mln shares, or 4.9% of the total share capital, at 1,150 rupees apiece, aggregating 130 bln rupees. As at the end of June, promoters and the promoter group held 12.75% stake in the

  • Vishal Sikka wants to quit with immediate effect

    New Delhi : After Nandan Nilekani returned to Infosys as chairman, former CEO Vishal Sikka said he has offered to leave with immediate effect as he saw no reason to continue in the company.

  • Ex-CFO Balakrishnan bats for Nilekani as Infy chairman

    New Delhi : Infosys’ ex-CFO V Balakrishnan Wednesday favour-ed bringing in Nandan Nilekani as the chairman of the company, saying his experience and understanding of clients made him a “good face” to lead the organisation in the current situation. Balakrishnan’s comments come at a time when the clamour to bring back Nilekani, one of the most high-profile founders of the IT firm, seems to be growing in various quarters. Speaking to PTI,

  • Nandan Nilekani teams up with Sanjeev Aggarwal for $100mn fund

    New Delhi : Infosys co-founder Nandan Nilekani has partnered venture capital veteran Sanjeev Aggarwal to set up a USD 100 million fund that will focus on building “enduring technology companies” out of India, specially consumer technology.

  • ShopX

    ShopX celebrates their first Retail Employees’ Day

    ShopX, India’s leading B2B commerce platform that powers retailers across the country, announced a one-year Educational Scholarship program in association with Trust for Retailers and Retail Associates of India (TRRAIN). The scholarship program has been designed for ShopX Retail Partners to support their children who are pursuing their education from the 5th to 12th standard. Each selected student under the program will be awarded up to Rs 25,000 per annum.

  • “Whatsapp” like movement in Indian finance sector: Nilekani

    Bengaluru: IT czar and former UIDAI Chief Nandan Nilekani today said India is witnessing a “Whatsapp” like movement in the finance sector due to emergence of payments banks, e-sign, IMPS and other technology-related revolutions. “…in 2009 there was a Whatsapp movement in telecom. My analysis is, in 2015 there is a Whatsapp movement for finance in India. “Change is coming on many fronts…new licences, smart phone Aadhar identification, e-sign, payment banks etc. Some

  • Nilekani foresees smart phones with iris cameras

    Bengaluru: With biometric sensors becoming popular and cheaper, Infosys co-founder Nandan Nilekani Monday predicted emergence of smart phones with iris cameras for authentication.