LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Focus on Stability, Have no Discordant Voices at Infosys: Nandan Nilekani

Within hours of taking charge at the helm of Infosys, Nandan Nilekani got into damage control mode seeking to calm investors' nerves through an early morning conference call.

PTI

Updated:August 25, 2017, 11:13 AM IST
facebookTwittergoogleskypewhatsapp
Focus on Stability, Have no Discordant Voices at Infosys: Nandan Nilekani
File photo of Nandan Nilekani. (Hemant Mishra via Getty Images)
Loading...
New Delhi: Nandan Nilekani, who was named Infosys Non-executive Chairman last night, on Friday said he will focus on bringing in stability and ensuring there are no "discordant" voices at the country's second-largest IT firm.

Within hours of taking charge at the helm of Infosys, Nilekani got into damage control mode seeking to calm investors' nerves through an early morning conference call.

The company has been in a crisis over the last few months amid a stand-off between the founders and the management over allegations of corporate governance lapses.

On Friday night, the Infosys board was recast, with Chairman R Seshasayee stepping down along with two other independent directors. Co-chair Ravi Venkatesan has now moved to an independent director role.

Stating that it is too premature for him to comment on Infosys' strategy and earnings, the architect of Aadhaar said he is committed to ensuring the highest standards of corporate governance are adhered to at Infosys.

"I am an admirer of N R Narayana Murthy... will ensure Infosys, Murthy and other founders have a healthy relationship," he said.

He added that he will be able to offer more details of the strategy in October and is focussed on bringing "complete stability".

"I will ensure there are no discordant voices in the company and everyone is on the same page," he asserted. Nilekani said as the Non-executive Chairman, his role will be oversight, governance and functioning and to help with the CEO search that will look for internal and external candidates as well as Infosys "alumni".

He stressed that he will stay as long as necessary, but declined to put a timeline to his latest stint. Infosys is slated to host a press conference and another investor call later in the day.

Catch the Biggest Newsmakers and the Biggest Newsbreaks on CNN-News18, your favourite English TV news channel. Keep watching CNN-News18 at just 50 Paise per Month. Contact your cable /DTH operator Now!
*Rental / capacity fee of Rs.130/- as charged by cable / DTH operator may apply. **GST extra.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,235.15 -0.21
Sun Pharma 418.95 5.18
Kotak Mahindra 1,291.75 1.91
Asian Paints 1,406.95 -1.07
Yes Bank 192.20 0.13
Company Price Change %Gain
Page Industries 22,510.10 -1.84
Reliance 1,234.75 0.02
Sun Pharma 418.05 4.95
Yes Bank 192.10 0.00
Axis Bank 661.80 0.23
Top Gainers
Company Price Change %Gain
Sun Pharma 418.95 5.18
Wipro 346.50 2.58
Titan Company 982.65 2.07
Kotak Mahindra 1,291.75 1.91
Dr Reddys Labs 2,640.30 1.56
Company Price Change %Gain
Sun Pharma 418.05 4.95
Kotak Mahindra 1,291.60 1.92
Bajaj Finance 2,616.65 1.07
Hero Motocorp 2,823.85 1.05
Axis Bank 661.80 0.23
Top Losers
Company Price Change %Gain
Vedanta 191.50 -3.50
Tata Steel 456.55 -3.21
M&M 708.50 -2.99
Zee Entertain 425.25 -2.61
HCL Tech 940.75 -2.59
Company Price Change %Gain
Vedanta 191.45 -3.50
Tata Steel 456.80 -3.13
M&M 708.05 -3.08
HCL Tech 941.60 -2.18
Bharti Airtel 304.25 -2.00

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results