Stocks to watch today on July 27: Cipla, ICICI Bank, InterGlobe Aviation, Adani Power, Infosys among others are the top stocks to watch out for in Monday's trading session

Shibulal's son Shreyas sold 40 lakh shares, \"representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020\", an exchange filing by the company showed

U B Pravin Rao has been appointed as interim-managing director and chief executive, Infosys said in a statement. Sikka has now been appointed as executive vice-chairman.

Murthy, who has had serious differences with the current management headed by Vishal Sikka over corporate governance issues, however, said he did not miss being on the campus every day.

Muthy and other founders of Infosys have not been happy with the way CEO Vishal Sikka has been handling compnay's corporate governance. However, this is no reason to leave, Murthy asserted.

He (Tata) clearly wanted us to launch and grow the network in India first before taking it overseas. Mr Tata's investment in MUrgency will help attract leading talent to the company and major partnerships beyond India, MUrgency Inc Fonder Shaffi Mather said in a statement.

To fund philanthropic activities, four of the seven original promoters on Monday jointly sold off 32.6 mn shares of Rs 5 face value in the blue-chip company.

\"The Management Development and Compensation Committee of the Board has granted 22,794 RSUs to Vishal Sikka. The grant price of the RSU is Rs 5 per RSU,\" Infosys said in a filing to the BSE.

The new Infosys CEO Vishal Sikka, who took charge of the IT service provider today, outlines his agenda for the company, says he has no Plan B for it.

Sikka starts with an almost clean administrative slate as founding members have given way in the hope of getting fresh blood into a hitherto conservative company.

In Business Today's 13th Best Company to Work For survey, Infosys has dropped to the seventh position this year from fourth last year. Wipro did worse, dropping to the 16th place this year from the ninth rank last year.

Events, people who made the news this past fortnight. Featuring Arun Jaitley's 5-minute break during his Budget speech, Carrefour exiting India, Infosys reporting its first quarter results and more.

The last of seven co-founders to hold the CEO position at Infosys, SD Shibulal will pass the baton to former Board member of German software giant SAP, Vishal Sikka - the first outsider.

Once a bellwether for the over $118 billion Indian outsourcing industry, the $8-billion Infosys has been lagging behind peers like Tata Consultancy Services and HCL Technologies.

A year ago, the attrition rate was 16.9 per cent. The company had 161,284 employees as on June 30 - it added just 879 employees on a net basis since March.

\"... transformation of a company is really about transformation of the people within, and around it, transformation of the contexts we form, the processes we have, and of the things we do,\" the IT company's new CEO said in a blog post.

Sikka's total compensation package of $7.08 million, including stock options, compares to $18 million Microsoft pays to its chief executive, $16.2 million IBM CEO gets and $14.4 million Citibank CEO receives.

Vishal Sikka inherits an Infosys where Narayana Murthy has cut costs and increased margins. He also has to deal with the rampant loss of top talent and the heartburn caused by an Executive Assistant's overarching role.

Often criticised for promoting his son after promising he would keep his family out of the business in the past, Murthy laid out in detail six strategic efforts Rohan \"conceived, implemented and pushed forward\" and those that would help Infosys differentiate in the marketplace.

Murthy will take over as Chairman Emeritus from October 11 as part of a management rejig announced on Thursday by Infosys, which named former SAP board member Vishal Sikka as its new chief executive officer and managing director.