INFOSYS CFO V BALAKRISHNAN
Indian $245 billion IT sector swallows tougher terms amid scramble for contracts
That is forcing companies including Tata Consultancy Services, Infosys and HCLTech to accept contract conditions such as guaranteeing minimum cost savings, billing the client only if certain goals are achieved and reviewing cost overruns.
Narayana Murthy cites WWII aftermath, wants India's youngsters 'to work 70 hours a week' for nation-building
The Infosys founder feels that the country's work culture needs to change drastically if India were to become a leading power.
Lessons from the past: what the IT sector can learn from 2008 crisis?
Over the past few weeks, the US has seen its second and third largest banking failures in history with Silicon Valley Bank and Signature Bank, both taken over by the Federal Depositors Insurance Corporation (FDIC).
Mohandas Pai slams Oyo over 'fake accounting', hospitality major replies
Former Infosys Director T.V. Mohandas Pai slammed Ritesh Agarwal-run Oyo for allegedly misleading investors via 'fake accounting' as the hospitality major reported its maiden positive EBITDA during the first quarter of the current fiscal.
TV Mohandas Pai, V Balakrishnan criticise RSS-backed Panchjanya's article on Infosys
The former executives said that while criticism of Infosys over its failure to address issues in the newly built Income Tax e-filing portal in a timely manner was valid, the scathing remarks made by Panchajanya questioning the company’s motives was unacceptable.
"Apprehension that we are going Chinese way": Ex-Infy CFO Balakrishnan on IT rules
"India is one of the large social media ecosystem in the world which is free till now and the apprehension is that we are going the Chinese way", he said.
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BJP MLC demands independent probe into allegations of Akshaya Patra fundsbeing misused
APF, an initiative of ISKCON (International Society for Krishna Consciousness) has come under lens after four high-profile trustees including Mohandas Pai, chairman of Manipal Global Education and V Balakrishnan, former Infosys chief financial officer, quit in quick succession allegedly upset about the governance issues and misuse of funds in the organisation.
Akshaya Patra audit committee raises issues, puts the spotlight on high-profile resignations
APF is a massive organisation it is today – one that feeds 1.8 million children in 19,039 government and government-aided schools across 12 states and two union territories. The budget it handles now is humongous. In 2019-20, it received Rs 248 crore as grants and cash subsidy, and Rs 352 crore as public donations.
Flat or negative growth for Indian IT sector this year: Balakrishnan
India's information technology sector is expected to post either flat or negative growth in 2020 due to the impact of the Coronavirus pandemic globally, an IT industry veteran said on Saturday.
Coronavirus impact on economy to be like 2008 financial crisis: Former Infosys CFO Balakrishnan
"It's (now) exactly like 2008 when everything got shut down over a period of time but again recovery then was in a V-shape because central banks and all got in and stabilised," Balakrishnan said. "Now, central banks are helpless; interest rates are almost zero in most parts of the world...I think the pain is going to be similar to what we saw in 2008 and we don't know how long this is going to last."
Don’t bring bad name to Bengaluru: India Inc
BSY disapproves of police action, says they should act against goondas, not common man
Missing CCD founder: Slowdown, tax terrorism & regulatory issues at fault, says Bala
If the situation is bad, people tend to take extreme steps, says former Infosys board member.
Ex-Infosys CFO V Balakrishnan joins Association of NBFC P2P Platforms as patron member
P2P lending industry players have formed association to represent the Indian NBFC-P2P industry at various forums.
Transform Bengaluru into true global city: Former Infy CFO to Karnataka government
The former Chief Financial Officer of Bengaluru-headquartered IT major Infosys Ltd, V Balakrishnan said Karnataka deserves a strong and stable government which focuses on governance issues.
Former Infosys CFO V Balakrishnan demands discontinuance of certain board members
In view of the current development it is all the more important to restructure the board and fill it with people of high integrity and stature, Balakrishnan added.
Nandan Nilekani must stay at Infosys for 2-3 years, Ravi Venkatesan needs to go: Ex-CFO V Balakrishnan
Balakrishnan has been one of the most vocal critics flagging alleged erosion in corporate governance standards at IT behemoth Infosys.
Ex-CFO V Balakrishnan bats for Nandan Nilekani as chairman of Infosys
Balakrishnan argued that Nilekani had "done well" during his tenure at Infosys and had been well connected with customers.
Infosys board blaming N R Narayana Murthy to hide own failures: Ex-CFO V Balakrishnan
Murthy has done a great service to stakeholders by bringing corporate governance issues to the fore and requesting accountability from the board, said Balakrishnan.
It is time for the Board to go, says ex-Infy CFO V Balakrishnan
Talking about the Rs 13,000-crore buyback announced by the company, Balakrishnan said the timing was "unusual" with the CEO's resignation being announced just a day before.
Narayana Murthy never doubted Vishal Sikka's performance: V Balakrishnan, former CFO, Infosys
"I think the most important thing is to first restructure the board, let go some of the board members and then have an ideal balance in the board which will create the checks and balances."
Ex Infosys CFO favours Narayana Murthy being invited as chairman emeritus
Former Infosys CFO V Balakrishnan today said he favoured co-founder N R Narayana Murthy being invited as chairman-emeritus and chief mentor with immediate effect.
Techies well taken care of, no need for union: Ex-Infosys CFO V Balakrishnan
"Whenever there is a downturn, there is always noise about unions coming into play in the IT industry but it never sustained," Balakrishnan said.
Indian IT industry has to reconfigure business model: Ex-CFO, Infosys
V Balakrishnan, former chief financial officer, Infosys, also said hiring in the information technology sector would further drop following growing automation.
Infosys paying Rs 13,000 crore to shareholders is too little: Ex-CFO V Balakrishnan
"Accenture returned substantial part of existing cash and also, if I am right, they returned around 90% of free cash flow to shareholders every year," Ex-CFO said.
Pay hike for top Infosys executive terrible, says ex-CFO V Balakrishnan
Infosys Chairman R Seshasayee should step down and the board reconstituted to ensure the governance and value system of the company are protected, said V Balakrishnan.
V Balakrishnan's startup Billionloans looking to raise $1mn shortly
The startup, which was launched earlier this year, will act as a marketplace to connect institutions that need to lend, which companies or individuals who want to borrow.
Infosys board is a big letdown: Former CFO V Balakrishnan
If you make a mistake, you should stand up before the public and accept it. Say you made a mistake, fix accountability and move on, says Balakrishnan.
Appoint interim chairman to engage with Infosys founders: Ex-CFO V Balakrishnan
Demanding that Chairman Ramaswami Seshasayee steps down, Balakrishnan said the Chairman should take responsibility for the "lapses" in corporate governance.
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