Infosys shares jump nearly 13% as US SEC concludes probe in whistleblower case; market cap soars by Rs 28,489 cr
• 5 years agoShares 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
• 5 years agoInfosys 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
• 5 years agoIn 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
• 5 years agoInfosys 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
Fp Staff • 5 years agoIn 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%
• 5 years agoCountry'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
Fp Staff • 5 years agoInfosys 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
Pankaj Mishra • 5 years agoThe 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
Fp Staff • 5 years agoA 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
• 5 years agoIndian 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