Infosys lost the arbitration battle against Bansal over his severance package and has been directed to pay the pending amount of Rs 121.70 million with interest to their former CFO
The company said the arbitral award remained confidential
Arbitral tribunal turns down counter-claim for refund of the Rs 52 million previously paid to Bansal
Infosys looks to significantly enhance onshore base in key markets, launches campus programme
The areas where we had negative growth was in our India business, which is not really a core service, says Parekh
Infosys had previously invested $1.5 million in TidalScale Inc in 2016
CEO Salil Parekh says firm has shortlisted 20 possible acquisitions
The acquisition is expected to close during the third quarter of fiscal 2019, said Infosys
Infosys will leverage its expertise in emerging technologies like big data and analytics, artificial intelligence as well as virtual and augmented reality
The Wage and Hour Department in the State of Rhode Island had initiated preliminary investigation into this matter
The Bengaluru-based firm said it was helping it to be precise on its offerings with greater understanding of the client needs
As part of the agreement, Infosys will acquire 60 per cent in the joint venture entity in lieu of which the company would invest up to $8.7 million while Temasek will hold the rest
The JV will integrate teams from Infosys and the operations of Temasek's unit in Singapore, Trusted Source Pte Ltd, which currently delivers IT services to Temasek and a number of other clients
After the IT giant declared a bonus, investors selling shares may have to shell out 4-5 times more
Infosys hit a new high of Rs 737, up 3% (adjusted to bonus issue) on the BSE after the shares of country's second largest IT services company turned ex-bonus in the ratio of 1:1.
The stock was up 1% to Rs 1,397 on the BSE in early morning trade after the Infosys fixed September 5, 2018 as record date for the purpose of allotment of bonus shares / stock dividend.
This is a part of the company's effort to boost innovation in this key market apart from driving localisation
The exit, which was announced on Saturday, triggered a knee-jerk reaction in the stock that slipped around 4 per cent in intra-day trade once the markets opened for trade on Monday to Rs 1,373 levels
The stock was trading 2% lower at Rs 1,401, recovered from its early morning low of Rs 1,374 on the BSE.
M D Ranganath's departure an irreparable loss for Infosys at such a critical juncture, says founder Narayana Murthy