Vishal Sikka

TCS will customise the hila platform to meet the specific needs of financial institutions and other key sectors

The two year-old startup will use the funding to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide.

Sikka said that for years the Oracle database has been the heartbeat and lifeblood of every large and significant organisation in the world.

Infosys condemned the "mischievous insinuations made by anonymous sources against the co-founders and former colleagues, suggesting their involvement in the recent whistleblower allegations".

Here's a selection of Business Standard opinion pieces for the day

While Murthy was relentless in his criticism of the erstwhile company board and its CEO for not disclosing information to shareholders, his silence this time has been deafening

Investors lost a staggering Rs 53,000 crore when the stock tanked 16 per cent on Tuesday

Last month, at the request of PM Modi, Sikka gave a presentation before the NITI Aayog how to expand the reach of AI to the Indian society in a very big way

Sikka quit in 2017 after almost a year of public dispute with Murthy and other promoter shareholders

He further stated that "as with all my endeavours, my work with SAP HANA was carried out with the highest integrity"

Not right for me to hang on after Nandan Nilekani's return, Sikka said

Sikka's resignation has plunged Infosys into crisis with the company facing several issues

As the first non-founder chief executive, Vishal Sikka "gives in" to the board and co-founders' feud and steps down. And, Infosys seems to have again proved its apathy towards a cultural shift of the type information technology (IT) companies need. When Sikka, a Stanford University alumnus and former SAP board member, took charge at the founder-led Indian IT services major, he had a crucial responsibility apart from business -- changing the culture at Infosys. The company once saw co-founder Narayana Murthy "taking a decision on which carpet to choose for one of the floors at the Infosys campus in Bengaluru", said a former employee. It began to see changes in areas from operations to technology under Sikka. However, after a series of "distractions" over claims of governance lapses under his regime, he blamed the the co-founders for passing on allegations as the primary reason for resignation. Though Murthy has not pointed fingers at Sikka's strategies, he continuously raised concern ..

Sikka said company employees should "massively" embrace automation and drive innovation

His total compensation, including bonus and grant of stocks, fell 7% to Rs 45.11 cr

Infosys to spend $2 billion on buyback or dividends over 12 months

Sikka said the reports created a false alternate reality out of events and dates

Infosys can be a force powering the purposeful evolution of our world, says Sikka

Infosys may be looking at giving more attention to AI in order to take it to the market independently

Sikka and Infosys have also been pushing for the adoption of AI in the IT sector