We have a scoop today from our freelancer Abhimanyu Sisodia (who also figured out the puzzle which stumped so many of you ).

He tells us about a surprising outbreak of Indian boardroom rebellion today:

Infosys (INFY) hit a 3 week low on the Bombay Stock Exchange when only 23.5% of proxy votes were cast in favor of re-appointing CEO Vishal Sikka. Some 6 block exchanges of 5 million shares took place on the secondary market, with names of buyers and sellers undisclosed. While insiders abstained on the resolution to reappoint Sikka as CEO, they voted overwhelmingly to reappoint Cornell U professor and board veteran Jeffrey Lehman despite opposition from two proxy advisory firms debunking his claim to be an “independent” member after 9 years on the board, and criticizing his attending fewer than 75% of board meetings.

INFY is down 2.75% in US trading so far and Abhimanyu says this is the 3rd consecutive drop.

*Vodafone (VOD) insider Sir Crispin Dews bought £77,000 of its shares. VOD is down in the wake of French moves to stop a combo between 2 of its 4 cellphone firms.

*Insider Sir John Sawers bought £50,000 worth of BP plc (BP). However insider Brian Gilvary sold £592,000. Chartist Stefanie Kammerman of The Stock Whisperer recommended shorting BP yesterday at $28.71 because it broke downward on two moving averages. She is a fellow contributor to TalkMarkets.

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