Businesses will have to focus on how they review their competencies in the light of new business realities, the kind of changes they need to bring into their business processes, and evaluating the elements that will guide the preparations for a turnaround

Jayesh Sanghrajka is currently Executive Vice President and Deputy Chief Financial Officer and has worked with Infosys for 13 years in various role in the finance department.

The meeting of the board will be held on July 12 and 13 to consider the audited consolidated financial results of the company and its subsidiaries for the quarter ending June 30, 2018, Infosys said in a BSE filing.

Infosys faced months of protracted standoff between its founders led by NR Narayana Murthy and the previous management over issues of corporate governance and compensation to former executives.

Infosys would deal with concerns raised by shareholders with regard to a whistleblower's letter complaining about governance issues, its Non-Executive Chairman Nandan Nilekani said today.

Ravi Venkatesan has resigned as an independent director from Infosys, the first board-level departure since Nandan Nilekani took over the chairmanship of the IT major more than eight months back.

The recent announcement in Mumbai about establishing Krea University inAndhra Pradesh has greater significance than just another liberal artsand sciences institution coming up in India.

Former Infosys CFO V Balakrishnan sought the discontinuance of certain board members in light of the company filing a settlement plea with SEBI on corporate governance lapses relating to severance payment to its former CFO Rajiv Bansal.

It was alleged that the IT firm did not seek the prior approval of the nomination and remuneration committee and disclosures relating to Rs 17.38 payout to Bansal. The company said that it wants to resolve the allegations around it.

Salil Parekh joins Bengaluru-based Infosys in January from Paris-headquartered Capgemini, where he headed their core application services business in key markets like North America and the United Kingdom, and their cloud services and cloud infrastructure businesses.

Infosys will hold another round of outreach to shareholders over the next few weeks under the chairmanship on Nandan Nilekani and expects to have a complete report by January next year.

Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last fiscal, according to a top company official.

For the first time in several years, the Bengaluru-based firm will not be among the first ones to announce its Q2 earnings in the first week of this month.

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.

Founders, led by NR Narayana Murthy, had demanded board re-constitution pointing to a variety of reasons, including whistle-blower complaints of irregularities in the company.