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  • Infosys board slams Narayana Murthy in BSE filing report regarding Sikka resignation

  • Shekhar Chs
    Expert +
    05:15 pm 18 August 2017
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    The Infosys tussle has gone from bad to worse after the company's board questioned founder and former CEO of the company N.R. Narayana Murthy's allegations against Vishal Sikka. In a fresh BSE filing, the Board said Murthy's baseless allegations was what drove Sikka to resign as the CEO of the company. 

     

    Here's what the Board had to say in the BSE filing: 

     

    It has come to the attention of the Board that a letter authored by Narayana Murthy, the founder of Infosys has been released to various media houses attacking the integrity of the Board and Management of the Company alleging falling corporate governance stan

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  • Snapdeal's board accepts Flipkart's up to $950 million buyout

  • Shekhar Chs
    Expert +
    05:02 pm 26 July 2017
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    Indian online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million providing heft to its bigger rival in a high-stakes battle with Amazon.com Inc

     

    The board of Jasper Infotech, which runs Snapdeal, approved Flipkart's bid of $900 million-$950 million last week. A deal is now pending the approval of Snapdeal shareholders

     

    SoftBank, Snapdeal's biggest investor, is keen to consummate the deal and take an equity stake in Flipkart to profit from India's booming online retail market.

     

    Bengaluru-headquarterd F

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