Narayana Murthy Letter

The group of institutions, who have signed the letter to the Infosys board, together own roughly 10 percent of the company's shares, according to Thomson Reuters data.

Vishal Sikka has resigned blaming a "continuous stream of distractions and disruptions."

Infosys shares fell sharply after Vishal Sikka's resignation as MD and CEO.

In a letter published in full text by some dailies including Business Standard, Murthy criticised the steep rise in Rao's salary.

Infosys co-founder Narayana Murthy has criticised the decision of the IT company's board to approve a big salary hike for chief operating officer Pravin Rao.

First, a heartwarming letter from ICICI Bank Managing Director and CEO Chanda Kochhar to her daughter Aarti thrilled social media. Now, two weeks later, a similar letter by Infosys founder NR Narayana Murthy to his daughter Akshata is winning hearts online.

Mohandas Pai writes on the founders exiting the board.

In the letter to the board, the investors said the company has not articulated its strategy for use of its cash effectively. Given this massive net cash position and robust net income generation, Infosys is perhaps the most over-capitalized company in the Indian corporate history, from our perspective, they said.

"I'm grateful to K V Kamath, V Balakrishnan, T V Mohandas Pai, Ravi Venkatesan and to my family for the role they played in my coming back to the company," Murthy wrote in his letter in the company's annual report.

On Saturday, Infosys reappointed Narayana Murthy as executive chairman of the firm, two years after he retired in August 2011, having turned 65.

Murthy's return to the firm comes at a time when it is struggling with weak earnings and losing market share to rivals like Tata Consultancy Services and HCL Tech.

The group of institutions, who have signed the letter to the Infosys board, together own roughly 10 percent of the company's shares, according to Thomson Reuters data.

Vishal Sikka has resigned blaming a "continuous stream of distractions and disruptions."

Infosys shares fell sharply after Vishal Sikka's resignation as MD and CEO.

In a letter published in full text by some dailies including Business Standard, Murthy criticised the steep rise in Rao's salary.

Infosys co-founder Narayana Murthy has criticised the decision of the IT company's board to approve a big salary hike for chief operating officer Pravin Rao.

First, a heartwarming letter from ICICI Bank Managing Director and CEO Chanda Kochhar to her daughter Aarti thrilled social media. Now, two weeks later, a similar letter by Infosys founder NR Narayana Murthy to his daughter Akshata is winning hearts online.

Mohandas Pai writes on the founders exiting the board.

In the letter to the board, the investors said the company has not articulated its strategy for use of its cash effectively. Given this massive net cash position and robust net income generation, Infosys is perhaps the most over-capitalized company in the Indian corporate history, from our perspective, they said.

"I'm grateful to K V Kamath, V Balakrishnan, T V Mohandas Pai, Ravi Venkatesan and to my family for the role they played in my coming back to the company," Murthy wrote in his letter in the company's annual report.

On Saturday, Infosys reappointed Narayana Murthy as executive chairman of the firm, two years after he retired in August 2011, having turned 65.

Murthy's return to the firm comes at a time when it is struggling with weak earnings and losing market share to rivals like Tata Consultancy Services and HCL Tech.