Infosys
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Infosys investors lose Rs 53,000 crore amid row over CEO
Business | Oct 22, 2019, 09:45 PM ISTShares of IT services firm Infosys on Tuesday plummeted nearly 17 per cent, wiping Rs 53,451 crore from its market valuation, on concerns over a whistleblower complaint which alleged that two top executives of the company were indulging in unethical practices to increase short-term revenue and profits.
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Infosys logs worst fall in over 6 years, ends 17% lower
Business | Oct 22, 2019, 05:14 PM ISTIT major Infosys saw its worst day on the bourses in over six years on Tuesday as investors pulled out their funds over recent corporate governance issues. Its scrips settled nearly 17 per cent lower despite assurances from the company top brass.
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Infosys hires law firm to probe complaints of unethical practices
Business | Oct 22, 2019, 11:47 AM ISTIn one of the letters, the whistleblower said that Parekh and Roy were pressuring the finance team to show more profits in their treasury management by taking risks and making changes to policies.
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Infosys to conduct investigation on whistleblower allegations
Business | Oct 22, 2019, 11:23 AM ISTThe committee began consultation with independent internal auditors EY, and has retained law firm, Shardul Amarchand Mangaldas & Co. to conduct an independent investigation, Nilekani noted in his statement to the stock exchanges.
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Infosys CEO and CFO face charges of unethical practices
Business | Oct 21, 2019, 01:58 PM ISTInfosys Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy have been accused of unethical practices by a few anonymous employees of the global software vendor.
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Data Protection Bill likely to be placed in Parliament
Business | Oct 11, 2019, 03:18 PM ISTS Gopalakrishnan, Joint Secretary, MEITY, also said the Ministry has appointed a committee headed by the Infosys co-founder Kris Gopalakrishnan to make a recommendation on how to handle non-personal data.
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Infosys inks deal with Eishtec, to absorb 1,400 employees
Business | Oct 09, 2019, 10:42 PM ISTIT services major Infosys on Wednesday said it has entered into a strategic partnership with Eishtec under which 1,400 employees of the Irish firm will be transferred to Infosys BPM.
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24-year-old Hyderabad techie's body found in 300 ft deep gauge in Lonavla
Crime | Sep 16, 2019, 11:50 AM ISTThe body was found at lion point near Lonavla about 80 km from Pune. A trekking group was the first to spot the body at around 5:30 pm on Sunday.
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Infosys opens centre in Arizona, to hire 1,000 techies
Business | Sep 14, 2019, 05:10 PM ISTGlobal software major Infosys has opened a technology centre at Phoenix in Arizona, US, to accelerate innovation for its American enterprises.
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Infosys, Google Cloud expand partnership for digital services
Technology | Aug 22, 2019, 09:02 AM ISTThe partnership with the global search engine will enable the software vendor to offer consulting, assessment, migration and support services to enterprises for optimising their workloads on the Google Cloud platform.
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Infosys expands strategic partnership with Google Cloud
Business | Aug 21, 2019, 07:04 PM ISTAs a qualified MSP, Infosys will offer clients full application lifecycle services with its deep cloud and data analytics expertise, the Bengaluru-headquartered company said in a statement.
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Infosys' Murthy fetes son-in-law becoming British minister
India | Jul 25, 2019, 07:41 PM ISTGlobal software major Infosys' co-founder N.R. Narayana Murthy on Thursday congratulated his son in-law Rishi Sunak on his appointment as Minister in the new Boris Johnson-led British government.
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Infosys shares jump over 6 per cent after Q1 results
Business | Jul 15, 2019, 12:47 PM ISTShares of Infosys jumped over 6 per cent on Monday after the IT behemoth posted better-than-expected rise in its June quarter net profit.
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Sensex jumps over 250 pts; Infosys rallies 5 pc
Business | Jul 15, 2019, 09:59 AM ISTDomestic equity benchmark BSE Sensex surged over 250 points in opening trade on Monday driven by gains in index heavyweight Infosys, amid positive cues from global markets.
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Infosys net up 5.1% yearly, down 6.8% quarterly
Business | Jul 12, 2019, 06:44 PM ISTIn a regulatory filing on the BSE, the city-based IT behemoth said consolidated revenue for the quarter under review (Q1) grew 14 per cent Year-on-Year (YoY) to Rs 21,803 crore from Rs 19,128 crore in the like period a year ago.
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Infosys hired 9,100 people in the US between Apr '17-Mar '19
Business | Jun 23, 2019, 03:43 PM IST"Since April of 2017, we have hired about 9,100 people as of March 2019. This has actually helped us in strengthening our business model and becoming less dependent on visa for for talent or ability," Infosys COO UB Pravin Rao said at the company's annual general meeting (AGM).
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Infosys CEO drew Rs 24.67 cr pay package in FY19
India | May 20, 2019, 05:41 PM ISTSalil Parekh, the chief executive officer of Infosys, took home a pay package of Rs 24.67 crore in the last financial year, the company's annual report showed.
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Govt to introduce artificial intelligence system in MCA 21 portal
India | May 19, 2019, 12:18 PM ISTIn the ministry's monthly newsletter, Srinivas also said that MCA 21 allows electronic filings of various documents under Companies Act, 2013 and has fully automated all processes related to enforcement and compliance monitoring under the Act.
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Home Ministry cancels Infosys Foundation registration for violating norms on foreign grants
Business | May 13, 2019, 01:45 PM ISTThe Home Ministry had last year served show cause notice to Infosys Foundation for failing to submit annual income and expenditure statement on foreign funding for up to six years despite repeated reminders, officials said.
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What is H-1B visa and why is Infosys blaming it for rising attrition
Apr 15, 2019, 04:51 PM ISTAfter the US has tightened visa rules to give preference to applicants with master’s degrees, Indian IT companies are facing numerous administrative hurdles in both applying for new visas and extending existing ones.