Yesterday, when the Sensex was down 455 points, Infosys an index stock was up 3.32% while TCS and HCL Technologies were flat. On Saturday, Infosys announced that NR Narayana Murthy would come back as the executive chairman. A case of insider trading? We will never know because Infosys is a holy cow and there will be no probe

Debashis Basu & Moneylife Digital Team

On Saturday, Infosys has announced that its main founder NR Narayana Murthy who was on a retirement, will be returning to the company as executive chairman of the board and as an additional director for five years beginning from 1 June 2013. It also said that Rohan, his son, will be joining the $7 billion company as his father’s executive assistant. This is strange because Mr Murthy is widely seen as a professional manager, who once headed a corporate governance committee of Securities and Exchange Board of India (SEBI). In addition, Rohan was never known to be interested in running Infosys.

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