The dispute between the founders and the board of India's second largest software services company Infosys Ltd over governance issues spilled into public view again as founder N.R. Narayana Murthy criticised a salary hike given to Chief Operating Officer Pravin Rao.
In a letter that was released to media, Murthy criticised the steep rise in Rao's salary.
Activity in India's manufacturing sector expanded at the fastest pace in five months in March as output and new orders accelerated, according to a private survey that also showed price pressures eased.
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.5 in March, from 50.7 in February, the third month in a row that is has been above the 50 mark that separates growth from contraction.