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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 | February 02, 2020 11:23 IST

  Seven 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 | January 28, 2020 16:52 IST

  IT 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 | January 13, 2020 14:55 IST

  The 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 | January 10, 2020 16:24 IST

  ​Infosys 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 | January 10, 2020 16:00 IST

  The 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 | December 18, 2019 8:10 IST

  Infosys 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 | December 13, 2019 18:58 IST

  Infosys 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 | December 10, 2019 8:57 IST

  Sikka, 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 | November 18, 2019 21:27 IST

  ​IT 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 | November 12, 2019 9:20 IST

  Another 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 | November 08, 2019 9:25 IST

  The 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 | November 07, 2019 9:57 IST

  Nilkani 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 | November 06, 2019 12:20 IST

  Infosys 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 | November 06, 2019 10:55 IST

  The 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 | November 04, 2019 20:05 IST

  Shares 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 | October 24, 2019 12:00 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 | October 23, 2019 15:55 IST

  BSE 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 | October 23, 2019 12:05 IST

  Shares 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.

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  Infosys investors lose Rs 53,000 crore amid row over CEO

  Business | October 22, 2019 21:45 IST

  Shares 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 | October 22, 2019 17:14 IST

  IT 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.