Sikka, 52, is among the world's leading experts in Artificial Intelligence (AI), Machine Learning and would be helping Oracle in the business value and adapt to change, the company said in a statement.
Rajagopalan's resignation from Infosys comes in a string of top-level exits at the company after Vishal Sikka quit last month
Sikka, 50, remarked in the light of reports that Narayana Murthy had written to his advisers that 'he (Sikka) was more a Chief Technology Officer material than a CEO material'.
Within hours of taking charge at the helm of Infosys, Nilekani got into damage control mode seeking to calm investors' nerves through an early morning conference call.
Technocrat Vishal Sikka termed his dramatic resignation as CEO of the global software major Infosys as one of the hardest decisions of his life
Infosys founder Murthy will address and interact with the company's investors across the world this evening at 6:30 p.m. through a conference call.
Days after taking over the mantle from flamboyant technocrat Vishal Sikka, software major Infosys' unassuming interim CEO U.B. Pravin Rao on Tuesday reached out his nearly 2 lakh employees, asserting: "We can do it again and we will"
IT major Infosys is no longer on the list of top 10 most valued companies on the BSE and the NSE as the stock has taken a beating following the abrupt exit of its CEO Vishal Sikka
“Enough is enough. You have drawn first blood. Do not mortally wound the organisation by persisting in your actions," Goswami says in his open letter to Murthy
Interestingly, the Infosys board blamed founder NR Narayana Murthy for Sikka’s resignation and the open spat led to company stocks plummeting nearly 10 per cent, with its market valuation falling by over Rs 22,518 crore.
For the week, both Sensex and Nifty recorded a gain of 311.09 points, or 0.99 percent, and 126.60 points, or 1.30 per cent, respectively. This is markets' sixth weekly rise in seven.
"My concern primarily was the deteriorating standard of corporate governance which I have repeatedly brought to the notice of the Infosys board," Murthy said
The Infosys founder claimed that at least three Independent Directors of the company told him that Vishal Sikka was “more chief technology officer (CTO) material than chief executive officer (CEO) material”
Vishal Sikka was the first non-promoter CEO at the helm at the $10 billion company
“Mr. Murthy’s continuous assault, including this latest letter, is the primary reason that the CEO, Dr. Vishal Sikka, has resigned despite strong board support,” Infosys informed the stock exchange.
Besides, weak global cues on a deadly attack in Spain and rising concerns over the fate of US President Donald Trump’s economic agenda also influenced investors sentiment.
After resigning as Infosys MD and CEO, Vishal Sikka made public his resignation letter on micro-blogging site Twitter.
In a letter to Infosys board members, Vishal Sikka cited “personal” attacks as one of the reasons for his resignation.
The Infosys promoter group, which includes Murthy, Nandan Nilekani, Kris Gopalakrishnan, S D Shibulal and K Dinesh, are exploring a sale of their entire 12.5 per cent stake in the company worth around Rs 28,000 crore, a media report said today
The announcement by Infosys is further evidence that companies are renewing investment in the US as a result of the Trump administration's "pro-growth economic agenda", the White House said
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