Bangalore: Infosys Chairman NR Narayana Murthy who was recently brought out of retirement to lead the company through a bad patch, has warned of 'tough times ahead' for Infosys. Murthy hinted at changes in Infosys' top management in the near future.
During an annual address to company shareholders, Murthy said it would take at least three years to rebuild a 'desirable' Infosys and that would require the company to become more flexible to cope with rival IT outsourcing businesses.
He said "the task of rebuilding a desirable Infosys will take at least 36 months, even with a high quality team and full dedication of every Infoscion. In the process, there will be some tough decisions resulting in pain as we move forward." Murthy sought the shareholders "understanding, support and encouragement in this exciting and rewarding journey of the next three years."
Murthy, who had shed executive role seven years ago and retired as head of Infosys in August 2011, was made Executive Chairman on June 1, replacing KV Kamath during whose tenure the company shares slumped 15 per cent. In a move that surprised many, Murthy had also brought in his son Rohan Murty as his executive assistant. ...
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08:40 AM, Jun 16, 2013
Bangalore: Recalled to ride out the bad times for Infosys, its Chairman NR Narayana Murthy today said the task of rebuilding a "desirable" Infosys would take at least 36 months and there would be some tough decisions resulting in "pain." "The challenge is daunting and the task is tough," said Murthy in a candid address to shareholders at the 32nd Annual General Meeting in Bangalore, two weeks after he was...
06:33 PM, Jun 15, 2013
Kolkata: New data with the National Crime Records Bureau (NCRB) shows West Bengal has the highest incidence of crimes against women. The data shows that 30,942 incidents of crime against women were reported in the state - the highest in the country. According to the data, Kolkata is the third most unsafe city, preceded by Delhi and Bangalore. There is a caveat here. The data pertains to 2012 and accounts...
01:42 PM, Jun 12, 2013
Bangalore: The condition of legendary singer Manna Dey, who is admitted at a Bangalore hospital with chest infection, continued to remain critical on Monday. "There is not much change in Mannada's condition," said one of his friends while requesting anonymity. The multilingual playback singer has been ailing for over a month because of old age-related complications. Though Dey was rushed to super-specialty Narayana Health hospital late on Saturday after he...
11:07 AM, Jun 10, 2013
New Delhi: Railways have decided to launch an SMS-based service for immediate response to passenger complaints regarding housekeeping service in coaches. The service will be launched on a few select trains to facilitate passengers to contact onboard staff through SMS or phone call for complaints related to cleanliness in coaches, toilets and other problems faced during journey. An On-site Passenger Complaint Redressal System (OPCRS) is being developed as envisaged in...
05:25 PM, Jun 09, 2013
Bangalore: Legendary singer Manna Dey is admitted to a hospital in Bangalore with chest infection, said reports on Sunday morning. His condition is reported to be critical. The veteran singer, who turned 94 on May 1, was reportedly under medical supervision at his home but was shifted to the hospital on Saturday after his condition deteriorated. The Dadasaheb Phalke Award, the country's highest honour in cinema, was conferred on Manna...
09:30 AM, Jun 09, 2013
Bangalore: A 90-year-old man, found chained in the terrace of his Banashankari house in Bangalore, was rescued by police on Wednesday. Ananth Kumar Shetty was allegedly chained by his son in a makeshift shelter on the terrace of the house seven months ago. The son has claimed that he kept Shetty in chains because he was "unhygenic". While no arrests have been yet made in the case, the police are...
06:19 PM, Jun 05, 2013
The police have rescued a 35-year-old woman, who was allegedly imprisoned by her parents for 5 years. The neighbours allege she was forcibly confined by her parents for allegedly having a relationship which they disapproved of. ...
07:18 PM, Jun 04, 2013
Bangalore: The police have rescued a 35-year-old woman in Bangalore who was allegedly imprisoned by her parents for a shocking five years in a small room at their residence. Police rescued the woman after she screamed for help all night on Monday. Her parents, however, have said she was bed-ridden after a paralysis attack five years ago. Their neighbours have painted a different picture. "She was very critical for the...
01:23 PM, Jun 04, 2013
Bangalore: A 21-year-old management student has been arrested in Bangalore hit-and-run-case in which a 19-year-old youth was killed. A speeding Audi had rammed into an autorickshaw on Saturday, killing the youth. The hit-and-run happened on MG road in the heart of Bangalore. The youth, who was killed, worked at a restaurant nearby. Police said since the car was bought just two days ago, it only had a temporary registration. Eyewitnesses...
10:15 PM, Jun 03, 2013
Bangalore: A 19-year-old youth was killed when a speeding Audi rammed into an autorickshaw on Saturday. The Bangalore police are on the lookout for the driver the car and driver. The hit-and-run happened on MG road in the heart of Bangalore. The 19-year-old youth, who was killed, worked at a restaurant nearby. Police are now scanning CCTV footage to identify the suspect. Police said since the car was bought just...
05:24 PM, Jun 03, 2013
Bangalore: Vignesh and Vishwas regularly visit the Canara Book Bank after classes. Unable to afford the expensive textbooks that their engineering course demands, the bank is a second home for these youngsters. "The cost of books is very high. However, here, we just have to pay Rs 200 per year which is very minimal and anyone can pay to use it to the fullest," says Vignesh. At the helm of...
08:03 AM, Jun 03, 2013
Bangalore: Heavy rains accompanied by gusty winds and lightening lashed this tech hub on late Friday, crippling normal life, inundating low-laying areas and throwing vehicular traffic out of gear across the city. "The city and surrounding areas received about 80-90mm rain in about three hours from 7 pm due to low pressure and surface winds across the region," a senior meteorological official told reporters. Though the southwest monsoon is still...
08:30 AM, Jun 01, 2013
Bangalore: Bangalore rural police has arrested the owner of resort in connection with a nude dance party allegedly held at the resort some time back. Three police teams have been constituted to arrest other people involved in the party. Though the incident allegedly took place on December 2, 2009 but the police got CDs and pictures related to the nude dance party only two days ago from Karnataka Rakshana Vedike...
02:44 PM, May 30, 2013
As you drive on the flyover to the sprawling Electronic City from Bangalore, you can't miss the shiny, glass buildings on the Infosys campus. One is a pyramid, another looks like the bow of a ship and yet another has a big hole right in the middle. What lies inside this building, which goes by the number 44, holds a key to the future of the 32-year-old software company. Inside,...
11:59 AM, May 30, 2013
Bangalore: Indian Institute of Bangalore (IIM) Bangalore has sacked its Chief Administrative Officer (CAO) accused of sexually harassing a lady doctor. The woman had been sacked after she had filed the complaint. She, employed to cater to the IIM-Bangalore students and faculty, later turned Citizen Journalist on CNN-IBN to highlight the case after the institute failed to take strict action against officer. In an email to all his staff, IIM-B...
04:30 PM, May 29, 2013
New Delhi: A recent IPL match between Kolkata Knight Riders and Royal Challengers Bangalore may also come under the scanner of Delhi Police for "match-fixing" after the interrogation of Rajasthan Royal's player Ajit Chandila and bookies who have been arrested on charges of spot-fixing, police sources said on Tuesday. However, Delhi Police said as such they have no evidence to corroborate the claims of Chandila and others made during questioning...
08:52 PM, May 28, 2013
Cricketnext goes through a list of some of the best batting performances of the 2013 season which changed the course of the tide. Chris Gayle (175 v Pune Warriors India): The single most memorable innings of this year's IPL was provided by none other than Christopher Henry Gayle. Royal Challengers Bangalore had an incredible run during the first half of the tournament in their backyard and when Pune Warriors went...
05:11 PM, May 28, 2013
Bangalore: Bangalore is facing one of its worst water crisis ever. The city's primary source, the KRS Dam, has water supply for just two more weeks. But ironically those living near the dam have been waterless for days now. It's been a tough summer for Sudha Bose. The taps at home have been running dry, she has been struggling to cook, wash or clean. The family has been buying water...
09:56 AM, May 28, 2013
