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Home > Infosys
Infosys
In 2017, Infosys had agreed to pay the State of New York USD 1 million to settle allegations of submitting wrong documents to federal authorities.
Infosys to pay USD 800,000 to settle case with California Attorney General
19 Dec 2019 10:19 AM

In the settlement, Infosys denied the allegations and asserted of no wrongdoings.

Infosys will pay California USD 800,000 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. (Photo: File)
Infosys to pay USD 800,000 to settle case with California Attorney General
18 Dec 2019 4:44 PM

Fine will be paid to settle allegations of misclassification of foreign workers and tax fraud, officials said.

The market capitalisation (m-cap) of TCS jumped Rs 26,360.5 crore to Rs 7,96,612.51 crore at close on Friday.
Five of top-10 most valued firms add Rs 56,877 crore in market valuation
08 Dec 2019 11:03 AM

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.

Sebi Chairman Ajay Tyagi said compliance to the corporate governance should be on a principled basis and not merely from a "tick-mark" perspective where a company only looks at mandated requirements.
Sebi to review related party transactions
28 Nov 2019 1:50 AM

Some listed companies, especially due to their family-driven nature, have been found to be wanting on the related-party transactions.

Following the reports, the BSE had sought an explanation from the company on the issue.
Infosys clarifies on whistleblower complaint reports
20 Nov 2019 11:06 AM

All material information has been disclosed by the company as per Sebi norms and the firm's materiality policy.

Infosys is said to have hired PwC to investigate two whistle-blower complaints alleging financial malfeasance against chief executive Salil Parekh and finance chief Nilanjan Roy.
Infosys faces another whistleblower complaint, CEO accused of misdeeds
13 Nov 2019 3:19 AM

When the first letter became public on 22 October, Infosys stock plunged about 16 per cent and since then, the stock has recovered 9.5 per cent.

You have to ask him or you can ask God, Ajay Tyagi told reporters on Friday when asked about his view on Nandan Nilekani's comments. (Photo: File)
Ask almighty or Nilekani: Sebi chief on even God can't change numbers remark
08 Nov 2019 2:44 PM

Investors should draw their own conclusions. Whatever we have to do, we are doing, said Sebi chief Ajay Tyagi.

The complaints were still under investigation and the company was not in a position to determine concreteness, credibility and materiality of complaints.
India's Infosys says no prima facie evidence on whistleblower complaints
04 Nov 2019 1:25 PM

The letter was in reply to the NSE’s request to the company to explain why it had not disclosed the receipt of the letter.

RIL's market valuation zoomed Rs 16,671.95 crore to Rs 9,23,613.71 crore.
Eight of top-10 firms add Rs 1.34 lakh cr in m-cap; TCS leads
03 Nov 2019 11:20 AM

RIL, HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation.

Infosys is listed in India as well as in the US, where a class action suit has also been filed against the Indian IT major to recover what has been termed by the litigants as losses suffered by investors there.
Infosys case: US SEC to seek SEBI's cooperation in probing whistleblower allegations
25 Oct 2019 3:34 PM

Sources said the SEBI will provide all possible help to the US Securities and Exchange Commission (SEC).

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