Infosys slumps after board member Srinivas resigns

Shares in Infosys Ltd fell as much as 7.6 percent in early morning trade after president and board member B.G. Srinivas, seen by some investors as a candidate to take over as CEO, resigned.

Infosys did not give a reason for his resignation in its statement to India's stock exchanges.

Srinivas, who joined in 1999, will remain in his role until June 10. He is the latest senior manager to leave India's second-largest software services exporter.

EDITORIAL OF THE DAY

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture