June 2018
6:09 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | 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.

Prof Debashis Chatterjee assumes charge as Director of IIM-K
Air India set to have 'Maharaja' class seats on international flights
Taj group acquires Lutyen's Delhi hotel in NDMC auction
Air India set to have 'Maharaja' class seats on international flights
Google announces training programme for journalists
Sensex tanks 261 pts as US-China trade spat escalates
FCA India launches Jeep Compass variant at Rs 17.53 lakh
RBI releases June '18 issue of monthly bulletin
Walmart expects to close Flipkart deal by the end of 2018
Passenger vehicle sales rise 20% in May
Cabinet approves bailout package for sugar industry
India to enter top 10 OTT video markets in 4 years: PwC
Kochhar on annual leave, not forced one: ICICI Bank
In AirAsia Case, CBI To Probe Role Of 2 Former Ministers
London police seize bitcoin worth $667,000 from hacker
PNB fraud: ED files charge sheet against Nirav Modi, associates
Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
Sohan Roy features in Top 100 Indian Business Owners by Forbes Middle East
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
Boko Haram raid kills five in Nigeria: residents
 Kano(Nigeria), Jun 23 (AFP) At least five people were killed and six others injured in a night-time
Musharraf says he has not quit politics
UN slams Trump over child detentions
Trump tells GOP to 'stop wasting their time' on immigration
AP will be torn apart if 'monkey gangs' come to power: CM
 Amaravati, Jun 23 (PTI) Criticising his political opponents, Chief Minister N Chandrababu Naidu toda
Congress neglected development of cities: PM
Javadekar assures students will not have to travel outside home state for NEET
YEIDA former CEO accused in land scam arrested
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.