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Upset by Infy board's charges, will respond at right time: NRN
Infosys co-founder NR Narayana Murthy today said he is not seeking "any money, position for children, or power", while expressing anguish over the board's allegations that his "continuous assault" led to Vishal Sikka quitting as CEO.
Murthy, who has been in a long-running battle with the board and top management of the company he founded with six others over three decades ago, said his concern primarily was the "deteriorating standard" of corporate governance at Infosys.
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Will continue to engage with China for Dokalam solution: India
India today said it will continue to engage with China to find a mutually acceptable solution to the Dokalam standoff, asserting that peace and tranquility on the border is an important pre-requisite for smooth bilateral relationship.
"We will continue to engage with China to find a mutually acceptable solution," MEA spokesperson Raveesh Kumar said replying to a volley of questions on the issue.
He said said peace and tranquility in the border areas is an important pre-requisite...
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Spain suspects were preparing bigger attack: police
Suspects in Spain's twin terror attacks were preparing an even bigger assault but were thwarted in their plans and forced to act quickly, police said today.
"They were preparing one or several attacks in Barcelona and an explosion in Alcanar stopped this as they no longer had the material they needed to commit attacks of an even bigger scope," said Josep Lluis Trapero of Catalonia's police.
He was referring to a blast in a house in the...
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Pak anti-graft body seeks Sharif's bank details from apex bank
Pakistan's top anti-corruption body has sought the details of bank accounts of ousted prime minister Nawaz Sharif and his family from the State Bank of Pakistan, according to a media report today.
In July, Pakistan's Supreme Court had disqualified Sharif from continuing in his office for possessing a work permit at the firm of his son in the UAE.
The apex court had ruled that Sharif had been "dishonest to the parliament and the courts in not...
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Sikka says continuous stream of distractions led him to quit
Blaming a "continuous stream of distractions and disruptions" for his decision to quit as Infosys CEO, Vishal Sikka has said these attacks had become increasingly personal and negative.
Sikka, who had joined Infosys in August 2014, said these distractions were preventing the management's ability to accelerate the company's transformation.
While he didn't detail out these "distractions", it may be noted that some of Infosys founders, including N R Narayana Murthy, have alleged corporate governance lapses...
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Engine issues in A320 Neo planes, IndiGo cancels 84 flights
InterGlobe Aviation-run budget carrier IndiGo today cancelled over 80 flights as the airline grounded more Airbus A320 Neo (new engine option) planes due to engine issues.
As many as 13 A320 Neo aircraft are on ground due to the Pratt & Whitney-supplied engine issues, forcing the airline to cancel 84 flights today, sources told PTI.
The frequent grounding of the A320 planes is taking place due to multiple issues, including engine failure, the sources said.
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Board blames Murthy's continuous assault for Sikka's exit
In a scathing attack on N R Narayana Murthy, Infosys Board today blamed his "continuous assault" as the primary reason for CEO Vishal Sikka quitting the company and ruled out a formal role for the co-founder in the company's governance.
There were no immediate comments from Murthy on the allegations.
In a strongly worded statement, the country's second largest software services firm defended Sikka's performance saying under him, Infosys has delivered profitable revenue growth.
The...
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India welcomes US designation of HM as foreign terrorist group
India today welcomed the US' decision to designate Kashmiri terror outfit Hizbul Mujahideen as a foreign terrorist organisation and said it reflected the joint commitment of the two countries to firmly deal with terrorism in all its forms and manifestations.
"We welcome the designation of the Hizbul Mujahideen that has been responsible for carrying out heinous acts of terrorism and taking innocent lives in the state of Jammu and Kashmir as a foreign terrorist organisation...
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Man hit by vehicle, lies on road for 14 hours without help
A 35-year-old man lay injured on the road for nearly 14 hours, without any help, after being hit by an unidentified vehicle in north Delhi's Civil Lines on Independence Day, the police said today.
The victim, Narendra, had arrived from Jaipur and was waiting for a bus to go to his hometown Bijnor when the accident happened.
He sustained injuries to his backbone and was not able to move. He was lying on the road...
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Judicial probe will prove Sasikala innocent: Dinakaran
A judicial probe into then Chief Minister J. Jayalalithaa's death will prove AIADMK General Secretary V.K. Sasikala innocent, T.T.V. Dinakaran, a leader of one of the AIADMK factions, said here on Friday.
Dinakaran also said there would be a "surgery" in the AIADMK as per the advice of the now jailed General Secretary Sasikala, who for years was a confidante of the late Jayalalithaa.
Tamil Nadu Chief Minister K. Palaniswami on Thursday announced a judicial...
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Vishal Sikka quits as Infosys CEO, MD
Vishal Sikka on Friday resigned as the Chief Executive Officer (CEO) and Managing Director of global software major Infosys Ltd, the company announced.
"The Board of Directors has accepted the resignation of Vishal Sikka as the Managing Director and Chief Executive Officer with immediate effect at its meeting held on Friday," said the IT major in a statement here.
The Board, however, appointed the 50-year-old Sikka as Executive Vice-Chairman and will hold office until the...
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SC asks Karti Chidambaram to appear before CBI on Aug 23
The Supreme Court today directed Karti Chidambaram, son of former Union minister P Chidambaram, to appear before investigators at the CBI headquarters here on August 23 for questioning in a corruption case.
A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud allowed Karti to be accompanied by a lawyer at the CBI headquarters during the questioning.
"During the course of hearing, the counsel for respondent number 1 (Karti) states that the...
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Govt will take over 449 schools only if they fail to return extra fees: Kejriwal
The Delhi government will take over around 449 private schools, which have been served show cause notices over charging extra fee, only as a "last resort" if they do not roll back their decision, Chief Minister Arvind Kejriwal said today.
Addressing a press conference, his first in nearly four months, Kejriwal said the government does not intend to "interfere", but will surely "discipline" the schools, if needed.
The schools are among the ones identified by...
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Today's Newspaper
EPS orders probe into Jaya’s death
Friday, 18 August 2017 | Kumar Chellappan | Chennai
The stage is set for a possible merger of the Amma and the Puratchi Thalaivi Amma (PTA) factions of the AIADMK after Chief Minister Edappadi K Palaniswami (EPS) on Thursday announced a judicial probe into the death of former Chief...
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BUSINESS & FINANCE
Telecom operators can be fined Rs 5 lakh over call drop
Friday, 18 August 2017 | IANS
The Indian telecom watchdog on Friday announced stricter rules over call drops and said telecom operators who don't meet the norms can be fined at least Rs 5 lakh.
"Graded financial disincentives in case service providers...
- Jaitley asks states to reduce VAT on petroleum products
- Sensex plunges 208 pts; Infosys tanks 7% as Sikka resigns
Sports Bytes
La Liga to observe minute of silence in memory of Barcelona terror victims
Friday, 18 August 2017 | IANS | MADRID
The Spanish football league, LFP, on Friday confirmed that the opening weekend of matches of the competition will go ahead following the terrorist attacks in Barcelona which have left 13 people dead and around 100...
- Never found ex-coach Kumble strict: Wicketkeeper Saha
- Ton-up Cook and Root give Windies hard day's night
India Abroad
Indian-origin mom wants action over daughter's suicide in UK
Friday, 18 August 2017 | PTI | London
An Indian-origin mother whose daughter committed suicide last year after suffering physical and emotional abuse at the hands of an ex-boyfriend has written to a UK police force to disclose evidence linked to the death...
- US, Japan to advance security, defence cooperation with India, S Korea and Australia
- Indian-American physician announces Congressional bid
HEALTH & FITNESS
Oxygen supply interrupted on August 10 night: IMA report
Friday, 18 August 2017 | IANS | New Delhi
The Indian Medical Association (IMA) on Friday said that its fact-finding team had found oxygen supply was interrupted for a short while on the night of August 10 at Baba Raghav Das (BRD) Medical College...
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Vivacity
Talent over bloodline
Friday, 18 August 2017 | Angela Pallor
The new face of the Yash Raj banner, Aadar Jain, rebuffs any similarities between his debut movie Qaidi Band and Farhan Akhtar’s Lucknow Central. By Angela Paljor One can’t ignore the uncanny resemblance and the coincidence of the release date differing less than a month between Yash Raj Films’ Qaidi Band and Emmay Entertainment’s Lucknow Central. Not only do the trailers highlight the lives of prisoners but also tell a similar story of them doing their bit of jailhouse rock, forming a...
READ MORESOUND BITE
- Rahul Gandhi does not know the Rashtriya Swayamsevak Sangh, nor has he tried to understand the Sangh. He does not even know the history of India.
- What bothers me is why are people more concerned about my pictures and not what is happening around the world.
- India welcomes the US's designation of Hizbul Mujahideen as a terrorist. This reflects the joint commitment of the two countries to firmly deal with terrorism.
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Stop the blame-game and focus on healthcare
Wednesday, 16 August 2017 | Shreyans Jain | DelhiThis refers to the editorial, “Murder by any standard” (August 14). The death of more than 60 children in a span of a week in Gorakhpur has once again brought to fore the indifference of the State towards the plight of its subjects. It is shocking that the administration overlooked...
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