Latest News
-
Rs 40/Share Dividend: Small Cap Under Rs 100 To Hit Ex-Date In 4-Days, Gains 74.21% In 1-Week -
1:2 Bonus, Rs 401/Sh Dividend; Tata's NBFC Stock Falls On Big Update Related To Dividend Recommendations -
Crude Oil Prices Soar 4% Amidst Rising Middle East Conflict; Brent Surges Past $90 A Barrel -
Bloodbath In Stock Market: Sensex, Nifty Crashes By 1% On April 19; 10 Key Points Here -
Black Friday For Market? Sensex & Nifty Decline For The 5th Straight Day Amidst Rising Geopolitical Tensions -
Rupee Falls To Record Low Against US Dollar As Israel Strikes Iran -
Adani Ports: Why Adani Group's Cash-Cow Stock Falls Amid Israel-Iran Conflict? Explained! -
Iran-Israel War: How It Impacts Nifty, Sensex And Indian Rupee -
Rs 5/Share Dividend: Record Date In Due Course; Buy The Capital Goods Stock? -
Stocks To Buy: 2 Trade Calls By Chandan Taparia of Motilal Oswal On Friday, 19 April
Infosys stock drops 6% as Srinivas resigns from company
"The resignation of Srinivas will be effective June 10," Infosys said in a statement earlier on Wednesday.
Srinivas was one of the front-runners for the post of the chief executive of the troubled company after incumbent S.D. Shibulal exited in January.
"Srinivas has been an integral part of Infosys and has played an important role in the company's growth. The board and every Infoscion thank him for his wonderful contribution and wish him great success in his future endeavours," Infosys co-founder and executive chairman N.R. Narayana Murthy said in the statement.
"I thank Infosys for the wonderful opportunity given to me. My tenure at the company has been one of my most rewarding experiences, and I am proud to have contributed to the best growth story in the industry," Srinivas said.
The resignation of Srinivas makes it the 10th high profile exit from Infosys in the last one year. Before Srinivas, nine senior executives including the likes of V Balakrishnan, Mohandas Pai and Ashok Vemuri had quit the company.
GoodReturns.in
