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text 2020-09-08 02:50
The company has not publicly

 

Yet the abrupt departure of the man seen as an innovator in the global software industry has raised fresh questions over Indian corporate governance practices."There has clearly been a failure on the part of the board to get the company in the situation where it is now. His brief was to turn around a faltering business.

"The company has not publicly identified potential successors, though the interim chief executive Pravin Rao, CFO Ranganath D Mavinakere, deputy COO Ravi Kumar S and Mohit Joshi, the head of banking, financial and insurance services, are among the top internal candidates, according to the company source."There may be some people who get excited by these kinds of challenging situations," said a senior Infosys source.

"But anyone who is comfortable and doing well will think long and hard before taking this job.Staying onIn shower niche an unusual move, the board of Indias No. Mr Sikka, the eventual choice who was plucked from a top job at SAP, was the first chief appointed from outside the group of founders."The new boss will be taking on a company in better shape than it was in 2014: Mr Sikka has led efforts to diversify Infosys away from basic IT outsourcing services into more lucrative new areas, like cloud, automation and artificial intelligence.3 per cent in the period.

 

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text 2020-08-24 02:03
SC also asked BCCI president

 

The apext court had asked BCCI to give an undertaking that they would comply with the SC appointed panel’s recommendations.The recommendations asked BCCI to appoint only three selectors. The apex court said that state tile backer board Factory associations will not get funds unless a resolution is passed to implement Justice Lodha committee reforms.On Friday, the Supreme Court came down hard on the Board of Control for Cricket in India (BCCI) for not falling in line with the recommendations made by the Lodha panel. However, the board failed to meet the deadline, and even went on to disregard some of the crucial points put forward by the Lodha panel, after a Special General Meeting (SGM) on October 1.Meanwhile, the apex court barred BCCI from releasing funds to state associations.The SC had originally given BCCI a deadline of September 30 to fall in line with the Lodha recommendations.The Supreme Court has postponed the hearing on the BCCI vs Lodha Committee matter till October 17.The re-election of Ajay Shirke as the board secretary, and the appointment of a five-member selection panel are a couple of points, which have turned out to be a bone of contention between the two parties.

SC also asked BCCI president Anurag Thakur to file a personal affidavit on the details of his conversation with ICC Chief regarding Lodha recommendations.The SC was expected to pronounce its order on Lodha panel’s suggestion to replace the entire top brass of the board by independent administrators, to bring in transparency in the cricket board. Mumbai: The Supreme Court has postponed the hearing on the BCCI vs Lodha Committee matter till October 17. Also, the board was advised to do away with the zonal selectors system in the men’s, women’s and the junior teams.Frustrated with the BCCI's constant defiance, the Lodha panel had also suggested that the entire top brass of the board be replaced by independent administrators, in order to facilitate the reforms.. However, the BCCI declined to provide an undertaking to the court, after which, SC said that it would give a ruling on the board, on Friday.According to the Lodha recommendations, BCCI was asked to do away with the current policy for the appointment of their five-member national selection panel.

 

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