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.

Seshasayee exclaimed that the statements attributed to him by Murthy were taken out of context to make it seem like he was not telling the truth to shareholders.

NR Narayana Murthy on Tuesday claimed that he upheld shareholders' interest when he waged a war of words against the software company's board which eventually led to a shake-up of the top management.

The number is likely to go up after all taxes are accounted for and the tax collection number would \"somewhat increase\" with more compliances, Arun Jaitley said.

Days after Nandan Nileakni took over as the non-executive chairman of Infosys, co-founder NR Narayana Murthy has reiterated that the previous management, led by Vishal Sikka, had disregarded the values of corporate governance and compromised transparency in the IT major.

He was hailed as the person best capable to quell the fire at Infosys, after co-founder Narayana Murthy's relentless tirade against the company board, especially former CEO Vishal Sikka and former co-chairman R Seshasayee, on issues related to corporate governance.

The Infosys founders pulled off a coup on Thursday with Nandan Nilekani returning to head the company as chairman after R Seshasayee quit the post and co-chair Ravi Venkatesan resigned as vice-chairman.

The Infosys founders pulled off a coup with Nandan Nilekani returning to head the company as chairman after R Seshasayee quit the post and co-chair Ravi Venkatesan resigned as vice-chairman.

Nilekani becomes non-executive Chairman, Infosys board reconstituted.

Nilekani's appointment as the Chairman of Infosys's board of directors comes at a time when the second biggest IT company in India is going through a rough phase.

The group of co-founders, led by NR Narayana Murthy, intends to install Nandan Nilekani, another co-founder and former CEO, as the new CEO of the company.

Leadership pipeline is critical for bluechip corporates to evolve into institutions that outlive their founders, feel HR experts, as the sudden exit of Infosys CEO Vishal Sikka raises questions over succession planning at India Inc.

Infosys' search for a new chief executive officer (CEO) may not be an easy one as the pressure of being under the constant scrutiny of the firm's high-profile founders could see many candidates shying away, said industry leaders and experts.

The turn of events at Infosys in the past few hours have been dramatic with Vishal Sikka announcing his resignation and the Infosys board putting the blame squarely on Narayana Murthy for Sikka's exit.

After months of tussle with Infosys co-founder NR Narayana Murthy, Vishal Sikka on Friday resigned from the post of CEO and MD.

In his resignation letter, Sikka has directly addressed the rift between the founders and the management, but hasn't named Narayana Murthy or any other founder member who have been critical of him.

While the public spat at Infosys has abated for now, can the company regain its winning ways?

According to the annual report of Infosys, the cash component of Sikka's salary was Rs 16.01 crore, down from Rs 48.73 crore in 2015-16. His total compensation, including bonus and grant of stocks, fell 7 per cent to Rs 45.11 crore in 2016-17 from Rs 48.41 crore in the previous fiscal.

The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards.