For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Infosys shares dip as Vemuri quits

|
 Infosys shares dip as Vemuri quits
Infosys: Quotes, News
BSE 785.60BSE Quote7.55 (-0.96%)
NSE 785.40NSE Quote7.3 (-0.93%)
Shares in Infosys declined after the company said that Ashok Vemuri, has quit the company. Shares in the company were down 0.5 per cent 10.00 am and was last trading at Rs 3103 on the National Stock Exchange. Vemuri was a board member and head of its Americas business.
 

"We would like to thank Ashok Vemuri for his significant contributions to Infosys. The transition plan is in place. Sanjay Jalona, currently the Regional Head for Manufacturing in North America, will take over as the Global Head of Manufacturing," the company said in a statement.

Infosys has seen several high profile executives quit the company in the last few weeks. It maybe recalled that N R Narayanamurthy assumed charge as the Chairman once again after having come out from retirement, following a set of poor quarterly numbers by Infosys.

The Infosys stock has touched a 52-week high this month on hopes that its performance would see remarkable improvement following the appointment of of Narayanamurthy and also on the back of a robust recovery in the US.

A falling rupee has also raised bullish bets on the Infosys stock.

GoodReturns.in

Read more about: infosys vemuri narayana murthy
Story first published: Thursday, August 29, 2013, 10:08 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more