Page 77 - Infosys

Infosys tumbles 16% as whistleblowers accuse of unethical practices

The anonymous letter alleges the current management is taking 'unethical' steps to raise short-term revenue and profit.

Whistleblower crisis: Infosys may need some private time to fix itself

It might not be a bad idea for a buyout fund to step in and take Infosys out of the glare of the public markets

Infosys audit committee to probe whistleblower allegations: Nilekani

Infosys Chairman Nandan Nilekani on Tuesday said the company's audit committee will conduct an independent investigation on whistleblower allegations of CEO Salil Parekh and CFO Nilanjan Roy indulging in "unethical practices" to boost short-term revenue and profits. The 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. Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled Disturbing unethical practices and an undated note with the title, Whistleblower Complaint. He said both had been placed before the audit committee on October 10, 2019, and before the non-executive members of the board the following day. "Post the board meeting of October 11, 2019, the audit committee began consultation with the independent internal auditors (Ernst .

Top 10 biz headlines: Ogilvy-Vivo dispute, Tata Steel cuts jobs, and more

From Ogilvy dragging Vivo to court over plagiarism to Tata Steel cutting jobs in Europe, here are the top 10 business headlines on Tuesday

Infosys ADR sinks 13% over whistleblower's window dressing allegations

Stock likely to come under more pressure today; audit committee examining anonymous claims

Whistleblower stings Infosys again; alleges irregularities in accounting

Experts say no significant diversion from past accounting practices reported by the IT firm in recent quarters

Anonymous whistleblowers accuse Infosys CEO, CFO of unethical practices

The company in a statement on Monday said the whistleblower complaint had been placed before the audit committee as per the company's practices

Nine of top-10 firms add Rs 1.47 trillion in m-cap; Infosys the only loser

Reliance Industries on Friday added another feather to its cap by becoming the first Indian firm to hit the Rs 9 trillion market valuation mark in intra-day trade

Q2 earnings reflect various approaches to push revenue growth of TCS, Infy

Industry experts were of the opinion that TCS' focus on large IT outsourcing contracts might be one of the reasons behind the uneven distribution of quarterly revenues

Infosys, TCS, Wipro: Trading strategies for IT stocks post their Q2 results

Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.

India's tech renaissance: PhonePe, Paytm could be the next TCS, Infosys

Hopefully the momentum at both PhonePe and Paytm will spur more Indian entrepreneurship, feeding a rebirth in India's tech sector not seen since the IT-outsourcing boom two decades ago

Infosys declines 4% on profit-booking by investors post Q2 results

Analysts are surprised by the fact that Infosys did not raise the revenue guidance at the upper end despite the confidence of strong order booking

Infosys is not facing any delay in ramping up of large deals: Salil Parekh

The second half is usually weaker in our sector, which is because of normal seasonality, but overall our deal pipeline remains strong, says Parekh

Infosys results relief after TCS downer; Q2 profit up 5.8% sequentially

Improvement in operating margins and a healthy deal pipeline were other positives for Infosys in the quarter

Infosys repays faith with stellar Q2 performance; stock gains over 4%

Valuation gap between Infy and TCS is unlikely to narrow further

Top headlines: Infosys Q2 meets estimates, Ambani richest Indian again

IT announced its earnings for the quarter ended September 30 quarter, meeting estimates on most parameters. Mukesh Ambani was for the 12 time ranked as India's richest person by Forbes magazine.

Infosys Q2 net dips 2% YoY to Rs 4,019 cr; ups FY20 guidance to 9-10%

In constant currency (CC) terms, Infosys posted revenue growth of 11.4 per cent YoY while in US dollar terms, the numbers grew 9.9 per cent.

Infosys gains 4% ahead of September quarter results

In the past three months, post June quarter (Q1FY20) results, Infosys has outperformed the market by surging 13 per cent.

Top events today: Xi Jinping-Modi meet, Infosys Q2FY20 results, and more

Xi will be accompanied by China's Foreign Minister Wang Yi and Politburo members on his visit to India

Infosys Q2 preview: IT major may further increase FY20 revenue guidance

Infosys, in its June quarter results announcement, had revised its FY20 revenue guidance to 8.5-10 per cent year-on-year (YoY) in constant currency (CC) terms