Salil Parekh

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Salil Parekh - Total results - 59
Infosys shares fall 4% post-Q4 earnings; IT major refrains from giving revenue outlook for FY21
Business

Infosys shares fall 4% post-Q4 earnings; IT major refrains from giving revenue outlook for FY21

Shares of IT major Infosys on Tuesday declined nearly 4 percent after the company refrained from providing a revenue outlook for FY21, citing uncertainty amid Covid-19 outbreak that is expected to impact its business in the near-term

Infosys Q4 net profit up 6.3% at Rs 4,335 cr, revenue rises 8%; suspends FY21 guidance citing uncertainty
Business

Infosys Q4 net profit up 6.3% at Rs 4,335 cr, revenue rises 8%; suspends FY21 guidance citing uncertainty

The country's second-largest IT services player Infosys on Monday reported a 6.3 percent rise in consolidated net profit to Rs 4,335 crore for March 2020 quarter

Infosys shares jump nearly 13% as US SEC concludes probe in whistleblower case; market cap soars by Rs 28,489 cr
Business

Infosys shares jump nearly 13% as US SEC concludes probe in whistleblower case; market cap soars by Rs 28,489 cr

Shares of Infosys on Tuesday jumped nearly 13 percent after the company said the US Securities and Exchange Commission (SEC) has concluded the investigation in the whistleblower allegations made last year, and that it does not anticipate any further action by the regulator

Infosys says US SEC concludes probe in whistleblower case; no further action expected
Business

Infosys says US SEC concludes probe in whistleblower case; no further action expected

Infosys on Tuesday said the US Securities and Exchange Commission (SEC) has concluded the investigation in the whistleblower allegations made last year, and that it does not anticipate any further action by the regulator

Indian IT industry now a change originator, not in catch-up mode, say tech honchos; domestic firms getting into product spaces
Business

Indian IT industry now a change originator, not in catch-up mode, say tech honchos; domestic firms getting into product spaces

In an economy that will touch the $5 trillion mark, IT will be a $1.5 trillion industry in itself, said Rajesh Gopinathan, CEO and MD, TCS.

Infosys whistleblower case: 'Not received any SEBI request for further audit', says IT major
Business

Infosys whistleblower case: 'Not received any SEBI request for further audit', says IT major

Infosys on Friday said it has not received any request from SEBI for conducting further investigation in the whistleblower case where top executives were accused of rigging the company's balance sheet

Infosys whistleblower case: SEBI may call for forensic audit on allegations of financial irregularities in IT major
Business

Infosys whistleblower case: SEBI may call for forensic audit on allegations of financial irregularities in IT major

In October last year, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by the top management.

Infosys October-December quarter net profit up 23.7% at Rs 4466 cr; raises FY20 revenue outlook to 10-10.5%
Business

Infosys October-December quarter net profit up 23.7% at Rs 4466 cr; raises FY20 revenue outlook to 10-10.5%

Country's second-largest IT services major Infosys on Friday reported a 23.7 percent rise in consolidated net profit at Rs 4,466 crore for the December quarter

Infosys whistleblower complaints probe: IT major says audit committee finds no evidence of financial impropriety or executive misconduct
Business

Infosys whistleblower complaints probe: IT major says audit committee finds no evidence of financial impropriety or executive misconduct

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

The only way to permanently save Infosys and its legacy is if its co-founders leave, sell their holdings, and move on
News & Analysis

The only way to permanently save Infosys and its legacy is if its co-founders leave, sell their holdings, and move on

The only way to permanently save the institution of Infosys and its legacy is if the co-founders come together under a common pact

Infosys plans to hire another law firm to strengthen investigation into whistleblowers' allegations: Report
Business

Infosys plans to hire another law firm to strengthen investigation into whistleblowers' allegations: Report

A whistleblower letter stating alleged financial misconduct and “unethical practice” against Infosys Chief Executive Officer Salil Parekh and chief financial officer Nilanjan Roy

Infosys says no prima facie evidence to back whistleblower complaints; shares up 6.5% in morning trade
Business

Infosys says no prima facie evidence to back whistleblower complaints; shares up 6.5% in morning trade

Indian IT services major Infosys Ltd said on Monday it received no evidence to support the allegations in a whistleblower letter from last month, sending shares up as much as 6.5 percent in morning trade

Infosys row: Govt seeks details on wistleblower complaint to US market regulator against IT firm's management
Business

Infosys row: Govt seeks details on wistleblower complaint to US market regulator against IT firm's management

Last week, it was reported that the market regulator Securities and Exchange Board of India (SEBI) might seek clarification from Infosys management on charges levelled by the whistleblower.

Infosys whistleblower complaint probe: IT major asks investigators to complete probe in two week's time
Business

Infosys whistleblower complaint probe: IT major asks investigators to complete probe in two week's time

Nandan Nilekani, the non-executive chairman will lead the team, which will be assisted by Inderpreet Sawhney, the general counsel at Infosys

Infosys row: When racism, sexism raises head in corporate boards, it is time SEBI intervenes
Business

Infosys row: When racism, sexism raises head in corporate boards, it is time SEBI intervenes

The Infosys case, irrespective of what its actual and final findings are, should be a good eye-opener for SEBI

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves
Business

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves

The US SEC is taking up cudgels for American investors. It is in the fitness of things that SEBI should bat for the Indian investors in Infosys

Infosys headed for more trouble; SEBI may seek clarification on whistleblower's complaint, says report
Business

Infosys headed for more trouble; SEBI may seek clarification on whistleblower's complaint, says report

The Securities and Exchange Board of India (SEBI) may seek clarification from Infosys' management on charges level levelled by the whistle-blower

Infosys shares nosedive nearly 17% on whistleblower complaint; market-cap drops by Rs 53,451 cr
Business

Infosys shares nosedive nearly 17% on whistleblower complaint; market-cap drops by Rs 53,451 cr

Shares of IT services firm Infosys on Tuesday plummeted nearly 17 percent, 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

Whistleblowers open a Pandora’s box in Infosys, is the worst over for FMCG sector; all this and more on Moneycontrol Pro
Business

Whistleblowers open a Pandora’s box in Infosys, is the worst over for FMCG sector; all this and more on Moneycontrol Pro

A few anonymous employees of Infosys have accused its CEO Salil Parekh and CFO Nilanjan Roy of unethical practices for many quarters.