Infosys Ltd share price soars 50 pct after Narayana Murthy's return despite top-level exits

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Despite high-level exits since June this year, Infosys shares still retain a gain nearly 50 per cent since its founder N R Narayana Murthy returned to the helm of affairs at the country's second largest IT firm. Despite high-level exits since June this year, Infosys shares still retain a gain nearly 50 per cent since its founder N R Narayana Murthy returned to the helm of affairs at the country's second largest IT firm.
SummaryInfosys Ltd share price retains a gain of nearly 50 per cent since its founder N R Narayana Murthy returned to the helm of affairs.

Basab Pradhan quit in July, the company's global manufacturing head Ashok Vemuri resigned in August to join rival iGate as CEO. Stephen Pratt, who co-founded Infosys consulting, had stepped down last month.

In September, Infosys Head of BPO sales in Australia Kartik Jayaraman and BPO Head Latin America Humberto Andrade had quit the company. A month earlier, its Vice President and Financial Services Head for the Americas Sudhir Chaturvedi quit.

Murthy, 67, has been making a series of changes at Infosys, including cutting costs at on-site work locations, and shifting focus to winning large outsourcing projects.

The top level exit also comes amidst organisational restructuring that company Executive Chairman N R Narayana Murthy is overseeing after returning to revive the sagging fortunes of the company in June.

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