Infosys
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Infosys pays Rs 6 lakh in compounding fees to settle ex-CFO severance payment row
Business | Mar 02, 2020, 11:47 PM ISTInfosys on Monday said it has paid Rs 6 lakh as compounding fees in the matter related to severance agreement with former CFO Rajiv Bansal. In November last year, Infosys (along with certain current and former key managerial personnel) submitted applications with the Registrar of Companies for compounding of certain alleged offences.
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Infosys allots 2.23 lakh equity shares under 2015 Stock Incentive Compensation Plan
Business | Feb 27, 2020, 10:47 PM ISTIT services major Infosys on Thursday said it has allotted 2.23 lakh equity shares under its 2015 Stock Incentive Compensation Plan to the CEO, COO and other eligible employees.
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RIL, HDFC Bank among top seven companies to suffer combine loss of Rs 1.89 lakh cr in m-cap
Business | Feb 02, 2020, 11:23 AM ISTSeven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
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Infosys divests stake in Unsilo for USD 800,000
Business | Jan 28, 2020, 04:52 PM ISTIT services firm Infosys on Tuesday said it has divested its shares in Unsilo A/S for about USD 8,00,000 (over Rs 5.70 crore).
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Nandan Nilekani defends Infosys concealing whistleblowers' complaints
Business | Jan 13, 2020, 02:55 PM ISTThe global software major was absolutely right in concealing the whistleblowers' complaints from the regulators and the media, Infosys chairman Nandan Nilekani has said.
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Infosys says audit committee finds no evidence of financial impropriety or executive misconduct
Business | Jan 10, 2020, 04:24 PM ISTInfosys on Friday said the board's audit committee has completed the independent probe into the anonymous whistleblower allegations and found "no evidence" of financial impropriety or executive misconduct.
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Sensex ends 147 points higher; Infosys up over 1 per cent
Business | Jan 10, 2020, 04:00 PM ISTThe BSE benchmark Sensex settled 147 points higher on Friday, tracking gains in index-heavyweights HDFC Bank and Infosys ahead of the earnings season.
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Infosys to pay USD 800K to settle worker misclassification, tax fraud charges
Business | Dec 18, 2019, 08:10 AM ISTInfosys will pay California USD 800,000 (nearly Rs 56 crore) to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas, California Attorney General Xavier Becerra said.
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Not aware of any complaints against company other than one disclosed in October: Infosys
India | Dec 13, 2019, 06:58 PM ISTInfosys on Friday said it is not aware of any additional complaints made against the company other than the one it had disclosed to the bourses in October this year.
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Vishal Sikka joins Oracle's board of directors
Business | Dec 10, 2019, 08:57 AM ISTSikka, 52, is among the world's leading experts in Artificial Intelligence (AI), Machine Learning and would be helping Oracle in the business value and adapt to change, the company said in a statement.
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Hired over 500 American workers in Indiana since March 2018: Infosys
Business | Nov 18, 2019, 09:27 PM ISTIT major Infosys on Monday said it has hired over 500 American workers in Indiana since March 2018.
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Another whistleblower guns at Infosys' Salil Parekh
Business | Nov 12, 2019, 09:20 AM ISTAnother whistleblower from global software major Infosys accused its Chief Executive Officer (CEO) Salil Parekh of committing misdeeds and urged the Chairman and the board of directors to act against him on his volatile complaints.
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CCMB scientist Manjula Reddy wins 2019 Infosys Prize for Life Sciences
India | Nov 08, 2019, 09:25 AM ISTThe Infosys Prize is awarded annually for outstanding achievements of researchers and scientists across six categories -- Engineering and Computer Sciences, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences and Social Sciences. The winner is awarded a gold medal, a citation and cash prize of $100,000.
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Even God can't change numbers of Infosys: Nilkani defends Co management
Business | Nov 07, 2019, 09:57 AM ISTNilkani emphasised that contrary to reports, the company had acted responsibly in response to the complaints. In October, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by the top management.
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Nandan Nilekani condemns "mischievous insinuations" against Infosys top brass
Business | Nov 06, 2019, 12:20 PM ISTInfosys Chairman Nandan Nilekani today condemned "the mischievous insinuations made by anonymous sources against the co-founders and former colleagues, suggesting their involvement in the recent whistleblower allegations."
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Infosys may layoff 10,000 employees for cost cutting
Business | Nov 06, 2019, 10:55 AM ISTThe Indian IT services company, Infosys will be firing as many as 10,000 employees in mid-senior level positions in a move to cut costs to deal with the double whammy of low margins and slow growth, IT and restructure their organisations. Infosys is laying off people in mid-senior level positions. Amid an economic slowdown in the country, this will impact Infosys workforce across all levels in the programming and engineering divisions.
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No prima facie evidence to corroborate whistleblowers' allegations, says Infosys; shares up over 3%
Business | Nov 04, 2019, 08:05 PM ISTShares of Infosys on Monday gained over 3 per cent after the company said it is yet to receive any evidence to corroborate complaints by anonymous whistleblowers that alleged unethical practices by the company's top management.
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US regulator probing whistleblowers charges Infosys
Business | Oct 24, 2019, 12:00 PM IST"The Company has been in touch with the Securities and Exchange Commission regarding the anonymous whistleblower complaints and has learnt that the SEC has initiated an investigation into this matter," said Infosys in the statement.
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BSE seeks explanation from Infosys on whistleblower complaint
Business | Oct 23, 2019, 03:55 PM ISTBSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
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Shares of Infosys recovers lost ground; rises over 1 pc
Business | Oct 23, 2019, 12:05 PM ISTShares of Infosys on Tuesday plummeted nearly 17 per cent marking their worst intraday fall in over six years, wiping Rs 53,451 crore from its market valuation.