{"id":162341,"date":"2013-12-23T23:47:57","date_gmt":"2013-12-23T23:47:57","guid":{"rendered":"http:\/\/151.106.38.4\/2013\/12\/23\/infosys-shares-fall-over-2-after-bpo-head-balakrishnan-quits\/"},"modified":"2013-12-23T23:47:57","modified_gmt":"2013-12-23T23:47:57","slug":"infosys-shares-fall-over-2-after-bpo-head-balakrishnan-quits","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2013\/12\/23\/infosys-shares-fall-over-2-after-bpo-head-balakrishnan-quits\/","title":{"rendered":"Infosys shares fall over 2% after BPO head Balakrishnan quits"},"content":{"rendered":"<p><img src=\/old_site\/><\/p>\n<div>Shares of Infosys on Monday fell by over 2% after V Balakrishnan, head of BPO business, quit the company on whose Board he was also a member.<\/div>\n<div>Infosys shares ended the day at Rs 3,468.65, down 2.35% on the BSE. During the day, the scrip lost 2.51% to Rs 3,463.<\/div>\n<div>At the NSE, the stock settled 2.38 per cent lower at Rs 3,467. The bellwether stock was the worst performer among the blue-chips on Sensex and Nifty. \u201cIT major Infosys corrected 2.3 per cent. The stock saw a sentimental impact after the company announced the exit of another senior management personnel. IT stocks such as Infy, HCL Tech and Wipro are trading in overbought zone and thus a correction in the near-term can\u2019t be ruled out,\u201d said Milan Bavishi, Head Research, Inventure Growth and Securities.<\/div>\n<div>Said to be a top contender to the post of Chief Executive Officer, Balakrishnan, who joined Infosys in 1991 and later became its chief financial officer, resigned, on Friday after Subrahmanyam Goparaju, senior vice president and head of Infosys Labs\u2019 quit.<\/div>\n<div>This is the eighth high-profile exit in the IT major ever since Narayana Murthy returned at the helm in June, 2013 bringing along his son Rohan as Executive Assistant. \u201cV Balakrishnan has conveyed his intention to resign as a member of the board and from the services of the company. The resignation is effective December 31, 2013,\u201d Infosys had said.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Infosys on Monday fell by over 2% after V Balakrishnan, head of BPO business, quit the company on whose Board he was also a member. Infosys shares ended the day at Rs 3,468.65, down 2.35% on the BSE. During the day, the scrip lost 2.51% to Rs 3,463. At the NSE, the stock [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-162341","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/162341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=162341"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/162341\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=162341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=162341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=162341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}