GET Stock QuotesNews18 APP
News18 English

Assembly Election LIVE Results

  • TRAILING

    Shaktisinh Gohil

    INC (Mandvi)
  • TRAILING

    Jignesh Mevani

    IND (Vadgam (SC)
  • LEADING

    Alpesh Thakor

    INC (Radhanpur)
  • LEADING

    Nitinbhai Patel

    BJP (Mahesana)
  • LEADING

    Hitu Kanodiya

    BJP (Idar (SC)
  • LEADING

    Pradipsinh Jadeja

    BJP (Vatva)
  • Awaited

    Babubhai Mangukiya

    INC (Thakkarbapa Nagar)
  • Awaited

    Himmatsinh Patel

    INC (Bapunagar)
  • LEADING

    Bhupendrasinh Chudasama

    BJP (Dholka)
  • TRAILING

    Somabhai Patel

    INC (Limbdi)
  • LEADING

    Indranil Rajguru

    INC (Rajkot West)
  • TRAILING

    Vijay Rupani

    BJP (Rajkot West)
  • LEADING

    Jayesh Radadiya

    BJP (Jetpur)
  • LEADING

    Lalit Vasoya

    INC (Dhoraji)
  • TRAILING

    Raghavjibhai Patel

    BJP (Jamnagar Rural)
  • LEADING

    Hakubha Jadeja

    BJP (Jamnagar North)
  • TRAILING

    Arjun Modhwadia

    INC (Porbandar)
  • LEADING

    Paresh Dhanani

    INC (Amreli)
  • LEADING

    Purshottam Solanki

    BJP (Bhavnagar Rural)
  • TRAILING

    Jitu Vaghan

    BJP (Bhavnagar West)
  • TRAILING

    Saurabh Patel

    BJP (Botad)
  • TRAILING

    Ramsinh Parmar

    BJP (Thasra)
  • Awaited

    CK Raulji

    BJP (Godhra)
  • TRAILING

    Mohansinh Rathava

    INC (Chhota Udaipur (ST)
  • Awaited

    Siddharth Patel

    INC (Dabhoi)
  • TRAILING

    Manisha Vakil

    BJP (Vadodara City (SC)
  • TRAILING

    Rajendra Trivedi

    BJP (Raopura)
  • LEADING

    Mahesh Vasava

    BTP (Dediapada (ST)
  • Awaited

    Chhotubhai Vasava

    BTP (Jhagadia (ST)
  • Awaited

    Tusharbhai Chaudhari

    INC (Mahuva (ST)
  • Awaited

    Thakur Singh Bharmouri

    INC (Bharmour (ST)
  • Awaited

    Asha Kumari

    INC (Dalhousie)
  • TRAILING

    GS Bali

    INC (Nagrota)
  • TRAILING

    Sudhir Sharma

    INC (Dharamshala)
  • Awaited

    Indu Goswami

    BJP (Palampur)
  • Awaited

    Jai Ram Thakur

    BJP (Seraj)
  • TRAILING

    Anil Sharma

    BJP (Mandi)
  • LEADING

    Champa Thakur

    INC (Mandi)
  • Awaited

    Prem Kumar Dhumal

    BJP (Sujanpur)
  • TRAILING

    Satpal Singh Satti

    BJP (Una)
  • LEADING

    Virbhadra Singh

    INC (Arki)
  • Awaited

    Suresh Bhardwaj

    BJP (Shimla)
  • Awaited

    Vikramaditya Singh

    INC (Shimla Rural)
  • Awaited

    Narinder Bragta

    BJP (Jubbal Kotkhai)
»
1-min read

Infosys Shares Rise on Reports that Co-Founder Nandan Nilekani May Return to Board

Vishal Sikka resigned as CEO last week amid what he said were "baseless/malicious and increasingly personal attacks" - sparking a sell-off and wiping billions of dollars off the firm's market value.

Reuters

Updated:August 24, 2017, 11:26 AM IST
facebookTwittergoogleskypewhatsapp
Infosys Shares Rise on Reports that Co-Founder Nandan Nilekani May Return to Board
Representative image. (Image: Reuters)
Mumbai: Shares in Infosys rose for a third straight day on Thursday, following reports that former Chief Executive Nandan Nilekani could return to the board to help the software services exporter ride out its latest controversy.

The board has been locked in a dispute for months with the company's founders, led by former chairman Narayana Murthy, who have accused the directors of governance lapses. Vishal Sikka resigned as CEO last week amid what he said were "baseless/malicious and increasingly personal attacks" - sparking a sell-off and wiping billions of dollars off the firm's market value.

Nilekani is set to become Infosys' non-executive chairman in the next few days, the Times of India newspaper reported, adding he would come for a predetermined period with the aim to achieve a series of goals including hiring a new CEO.

This follows a request this week from a group of 12 major institutional investors in Infosys to bring Nilekani back to the board to try to quell the feud with the founders.

Television station CNBC-TV18 also said Nilekani was likely to return as the head of the company, which was once the poster child of India's showpiece IT sector.

Nilekani, one of the company's co-founders who served as its CEO from 2002 to 2007, could not be reached for comment.

By 0530 GMT, Infosys shares were trading 2.2 percent higher in a Mumbai market that was little changed.
Read full article
Next Story
facebookTwittergoogleskypewhatsapp

Live TV

File is:/article-scroll-new.php