Underlining the huge potential of the digital business, Infosys CEO and MD Salil Parekh said it is a critical element of the market.
Infosys non-executive Chairman Nilekani expressed satisfaction at the progress made in bringing stability to the company, saying he will stay only "as long as required".
Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores and would be eligible for variable pay of Rs 9.75 crores at the end of the 2018-2019 fiscal year.
"These are legal issues decided based on merits and not individual's emotions," Balakrishnan told PTI.
Investors cheered the appointment of Infosys Ltd’s new chief executive, in hopes the Indian IT services firm can move past a costly boardroom spat.
Infosys will hold another round of outreach to shareholders over the next few weeks under the chairmanship of Nandan Nilekani.
The Infosys board under chairman Nandan Nilekani gave a clean chit to the Panaya acquisition, saying there was no merit in the allegations of wrongdoing.
Infosys Senior Vice President Sanjay Rajagopalan has resigned from his post, a month after Vishal Sikka stepped down as the company's MD and CEO.
Infosys has delayed announcement of its July-September quarter earnings by almost two weeks to October 24.
Infosys has sought shareholder approval to the appointment of U B Pravin Rao as its Managing Director.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)