There seems to be no end to the salary row at Infosys. The company has now responded to founder and former chairman N R Narayana Murthy's criticism of COO U B Pravin Rao's pay hike.

There seems to be no end to the salary row at Infosys. The company has now responded to founder and former chairman N R Narayana Murthy's criticism of COO COO U B Pravin Rao's pay hike.

Infosys chief Vishal Sikka today said \"false and malicious\" stories are being spread about the USD 200-million Panaya buyout to target him even as the tech major asserted that no one from the management team benefitted from the deal.

Why the trouble at Infosys is unlikely to abate quickly.

Even as Infosys management denies allegations on corporate governance deficit, its former chief financial officer T V Mohandas Pai on Tuesday accused it of not disclosing necessary details on Rajiv Bansal's exit with a high severance package of Rs 17.3 crore.

NR Narayan Murthy is believed to have agreed with chairman R Seshasayee's suggestion to continue discussion on \"coporate governance issues\" offline.

One of the main issues in the ongoing slugfest between the founders and the management is the salary of CEO Vishal Sikka. Infosys' founders, who own 12.75 per cent of the firm, have questioned the pay of Chief Executive Vishal Sikka and severance payouts given to others, including former finance head Rajiv Bansal.

No one could have quite expected Infosys, the darling of the Indian IT industry, to be caught in corporate governance mire, that too close on the heels of the ignominious events at the Tata Group.

Infosys chairman R Seshasayee finally spoke about the ongoing tussle between the management and the IT firm founders. He also hinted out at some changes in the board.

Vishal Sikka, the first non-founder CEO of Infosys, drew an annual pay package during 2015-16 that worked out to a whopping Rs 49 crore which is much higher than his counterparts in other Indian IT companies.

\"The Board of Directors have approved the revised annual compensation of Pravin Rao...with effect from November 1, 2016, subject to the approval of the shareholders. The compensation includes fixed compensation of Rs 4.62 crore per annum and a variable compensation of up to Rs 3.88 crore per annum,\" Infosys said.

\"We have just finished training about 1,00,000 of Infosys employees on design thinking. My sense is we are entering a time when everyone will be expected to innovate because increasingly the work that we do, that can be specified, that can be articulated, will be done by AI,\" Infosys CEO and MD Vishal Sikka said at Citi Global Technology Conference 2016.

Splitting his time between San Francisco (where he continues to live), Bangalore and the rest of the world, Sikka has given Infosys a new 2020 goal and introduced fundamental changes to the company's structure, its work culture and its performance.

While pre-budget meetings with the FM happen every year, industry leaders were never so anxious to put out a list of things that they wanted to see in Budget 2016.

Successive shareholders who spoke at the 34th Annual General Meeting of Infosys suggested that he should be brought back to the company as his name is synonymous with Infosys.

Pawan Munjal, who took over as Chairman, MD and CEO of Hero MotoCorp, has big shoes to fill. He is taking over from Brijmohan Lall Munjal who turned the company into the world's largest two-wheeler maker.

Seshasayee, whose appointment is with immediate effect, has been an Independent Director on the company's Board since January 2011 and is the chairperson of the Audit Committee.

Infosys paid its top management personnel a total remuneration of $10.7 million during the last fiscal, marking an increase of about 50 per cent from the previous year.

The 19 of India's best-performing CEOs, who through long stints shepherded a range of companies in sectors as diverse as manufacturing, banking, fast-moving consumer goods, media, automobiles, pharmaceuticals and energy.

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