The country’s second largest IT major Infosys has decided to pay up to Rs 13,000 crore to shareholders via dividend or share buyback during the current financial year.
Net profit came in 0.2 per cent higher than Rs 3,597 crore in the same period previous year, according to a BSE filing by Infosys.
Infosys on Monday said it has "reduced the cash component" of his compensation and introduced "higher stock incentives".
The skirmish between Infosys founders and the company’s management seems to be far from over.
Infosys has sought shareholders' approval to change the company's Articles of Association, which includes a provision for buyback.
The Securities and Exchange Board of India (SEBI), the country’s apex market regulator, will seek a response from Infosys on several issues raised by a whistleblower in the company in a recent letter, a media report said today.
In an effort to put reports of rift to rest, Infosys Chairman R Seshasayee has said that the management and shareholders have decided to keep their ‘differences’ within the company and not to publicly air them.
Infosys Chairman R. Seshasayee on Monday defended the compensation to CEO Vishal Sikka.
Amid reports of tension between Infosys founders and its senior executives, CEO Vishal Sikka today said that he has always shared a ‘heartfelt, warm relationship’ with co-founder Narayan Murthy who had recently raised concerns over certain decisions
Amid growing discontent between the founders and incumbent senior executives, country’s second largest IT firm Infosys may consider bringing changes on the board to put reports of rift to rest.
Amid the crisis unfolding at country’s second-largest IT firm, Infosys, it has come into light that the company’s management and board are reaching to out to clients to assure them that there was ‘no impact’ of the ongoing ‘confrontation’ between the
Amid reports of tension between the bigwigs and company’s board over certain decisions, Infosys co-founder Narayan Murthy has said that the ‘issue was not with its present CEO but with the governance culture at the board’.
In a midst of reports indicating strains between Infosys founders and the company’s CEO, Vishal Sikka has advised employees not to get distracted by speculations that question the company's commitment to "governance, integrity and values".
Tensions between the founders, its former senior executives and incumbent bigwigs of the country’s second largest IT firm have reached a new level. According to a Times of India report, some founders have now expressed unhappiness with Chairman R Ses
Infosys, country’s second largest IT firm, today suffered a jolt after shares of the company fell 1 per cent to Rs 934. This comes close on heels of a media report claiming that the founders have raised certain corporate governance concerns with the
After banning immigrants from seven Muslim-majority nations, President Donald Trump is preparing to sign an executive order to revamp the H1-B Visa, used by tech companies and IT professionals including from India.
Amid concerns over President Donald Trump possibly signing a new executive order aimed at overhauling work visa programmes like the H-1B and L1, shares of Indian tech giants like Infosys, TCS and Wipro plunged as much as 9 per cent
From their alleged failure to act on a complaint by her against the accused in the case to raising questions on Rasila’s presence in office on a holiday, the distraught family has levelled serious allegations against Infosys
A 25-year-old woman working with Infosys was allegedly strangled to death by an unidentified person at her workstation in Rajiv Gandhi Infotech Park in Hinjewadi in Pune today, police said. K Rasila Raju was allegedly
India's second largest software company Infosys has "released" 8,000-9,000 employees within a year owing to the automation of lower end jobs. “We have been releasing about 2,000 people every quarter and also training them in
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