Time for truce? N R Narayana Murthy calls off battle with Infosys board

Infosys founder N R Narayana Murthy has called off the battle with the software major's board, while reasserting that the company should ensure corporate governance norms are not diluted.

"Let me stop. I have made a point, paying such large sums of money is confusing. Now they have to sort it out," Murthy was quoted as saying by Bloomberg on its India website.

The truce comes after Infosys clarified that it has not engaged in any illegal transactions or paid "hush money" in the guise of severance pay made to former chief financial officer Rajiv Bansal. The company also made