Infosys co-chair Nilekani quits to join govt
NEW DELHI (Reuters) - Nandan Nilekani, co-chairman of Infosys Technologies Ltd, India's No. 2 outsourcer, has resigned from the company's board to join the government, the company said on Thursday.
Nilekani, one of the founders of Infosys, has been invited by Prime Minister Manmohan Singh to head government agency Unique Identification Authority of India in the rank of a cabinet minister, Infosys said in a statement.
Nilekani, a former chief executive of the company, was not involved in active management since becoming co-chairman in 2007.
Shares in Infosys, which has a market value of about $21 billion, were up 0.7 percent at 1,771.25 rupees at 0849 GMT in a Mumbai market down 0.5 percent.
(For more news on Reuters Money click in.reuters.com/money)
- Tweet this
- Share this
- Digg this
- Current underwater search for Malaysia plane could end within a week
- UPDATE 4-Security threat reported on Detroit-Denver Delta flight
- Security threat reported on Detroit-Denver Delta flight
- India passes halfway mark in election with BJP gaining strength
- Search resumes after Everest's climbing tragedy
Nitin Gadkari, former president of the Bharatiya Janata Party and a member of the BJP’s manifesto committee, speaks to Reuters. Here are the edited excerpts. Full Article
Turning smog into jewels - a Dutch designer's solution to Beijing's pollution. Video