Infosys CFO Rajiv Bansal Steps Down, M.D. Ranganath To Take Over

Infosys CFO Rajiv Bansal stepped down today even as the company was announcing its quarterly results. He would be replaced by M.D. Ranganath.

Bansal joined Infosys as Manager, Finance in 1999 and became its CFO three years ago in October 2012. He is a chartered accountant and cost accountant by profession. He would resign from the company effective December 31, 2015 to provide a smooth transition.

Indian Government Working On Easier Policies For Startups

The Government of India is working on easier taxation, labour and registration policies for startups to give a boost to the sector. These norms will be relaxed for those that have not reached a certain benchmark of turnover. This was stated by the Secretary, Department of Industrial Policy and Promotion (DIPP) at an event yesterday.