Murthy improved Infosys' revenue growth: K V Kamath
Posted on 28th June 2014 |
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| Commending the role of N R Narayana Murthy, banker K V Kamath on Friday said the Infosys co-founder had "got the cost equation right" to improve revenue growth. Kamath, also the non-executive chairman, said it was on "successor" Vishal Sikka to take that agenda forward. Chief Executive Officer (CEO) and Managing Director-designate Sikka will take over his new role in August from S D Shibulal. Sikka is the first non-founder and an outsider to be appointed CEO in the company's 33-year history. Kamath said, "We always look at a company and a succession with great degree of positivity. I would look at Infosys in exactly the same way." Murthy stepped down as executive chairman on June 14, completing a second stint at the $8-billion firm he founded with six engineers in 1981. He was brought back from retirement in June last year to head Infosys and put it back on a high-growth path when Tata Consultancy Services and HCL Technologies were running ahead. Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company. "Actually if you look at it, Infosys is a very profitable company so there is no turnaround per se. It is basically to get the top line as it were ticking at a faster pace than it was earlier," he added. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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