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Infosys CEO Quits Citing ‘Malicious and Personal Attacks’

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The Chief Executive Officer and Managing Director of Infosys, Vishal Sikka, stepped down from his post with immediate effect on Friday morning. The former CEO posted his resignation letter on his verified Twitter handle adding the link to his personal blog.


The tech giant, Infosys also released a statement regarding the decision taken by the board to accept Vishal Sikka’s resignation and the appointment of U.B. Pravin Rao, the Chief Operating Officer, as the interim managing director and chief executive officer. Infosys added the board had commenced a search and organized the succession plan for the appointment of a new managing director and chief executive officer. 

Sikka cited “continuous distractions and disruptions” and “increasingly personal attacks against him” as the reasons for his resignation in his letter. “I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks,” he added.

Post the resignation, the company’s stock dipped in the early morning trade, falling to Rs. 958.00, registering a fall of 6.62% over its previous closing price on the Bombay Stock Exchange (BSE.)

Infosys founder Narayana Murthy and others have battered the company with allegations of poor governance including criticism of their acquisitions and executive pay. Murthy has also reportedly quoted three independent directors of the company saying Sikka was not “CEO material”, but more suited to be the chief technology officer, in an email to advisors.

This marks the second time that the company has plunged into a leadership crisis since the founding members retired from the top management. Infosys, which is the country’s second largest software firm, has seen a number of senior level executives resign recently, including Anirban Dey, the Global Head and Chief Business Officer of Edge products, Yusuf Bashir, the MD and Head of Infosys Innovation Fund and Ritika Suri, the Executive Vice President.

Sikka, who took over the position as the CEO in 2014, has been under fire from Murthy for flying private charters to meet customers and setting up an office in Palo Alto. His resignation comes a day ahead of a board meeting which was supposed to consider a proposal for huge share buyback. The complete resignation letter can be read here

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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