Infosys | The Asian Age

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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

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

08 Dec 2019 11:05 AM

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

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

28 Nov 2019 1:52 AM

Following the reports, the BSE had sought an explanation from the company on the issue. (Photo: PTI)

Infosys clarifies on whistleblower complaint reports

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

20 Nov 2019 11:05 AM

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

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.

13 Nov 2019 3:27 AM

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 | PTI)

Ask almighty or Nilekani: Sebi chief on even God can't change numbers remark

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

08 Nov 2019 2:46 PM

The complaints were still under investigation and the company was not in a position to determine concreteness, credibility and materiality of complaints. (Photo: AFP)

India's Infosys says no prima facie evidence on whistleblower complaints

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.

04 Nov 2019 1:25 PM

The market valuation of Tata Consultancy Services (TCS) jumped Rs 28,893.36 crore to Rs 8,26,293.87 crore.

Eight of top-10 firms add Rs 1.34 lakh cr in m-cap; TCS leads

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

03 Nov 2019 11:22 AM

True or not, time will tell, but in the meantime, Infosys is in the eye of the storm again.

What’s the ‘Satyam’, Infosys?

Infosys, the poster-boy of good corporate governance and all that it represents, is in the news for the wrong reasons.

27 Oct 2019 1:14 AM

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. (Photo: File | PTI)

Infosys case: US SEC to seek SEBI's cooperation in probing whistleblower allegations

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

25 Oct 2019 3:37 PM

In a regulatory update, Infosys on Thursday confirmed probe into the whistleblower’s allegations by the Securities and Exchange Board of India (Sebi) and the US Securities Exchange Commission (SEC). The Bengaluru-based IT major also said a class action lawsuit has been filed against it in the US.

Infosys confirms US SEC probe

The Infosys stock remain-ed the whipping boy of the market for the fourth day, closing 2.36 per cent down at Rs 635.40 on the BSE.

25 Oct 2019 1:41 AM

Leading exchange BSE on Wednesday also asked Infosys to explain why it did not make a disclosure about the whistleblower complaint.

Infosys woes: US SEC to probe into whistleblower allegations, Sebi seeks more info

In Indian NFRA - which is part of the corporate affairs ministry - has been asked to look into the matter.

24 Oct 2019 8:16 PM

The independent watchdog for the auditing profession is looking into alleged accounting issues at IL&FS and Infosys, following directives from the government.

Govt starts hiring process for National Financial Reporting Authority

There have been legal challenges for the NFRA, set up under the Companies Act, 2013.

24 Oct 2019 7:00 PM

A securities class action lawsuit has also been filed against the company in a US federal court based on the complaints.

SEC investigates India's Infosys on whistleblower complaints

Securities and Exchange Board of India, had also requested additional information from the company concerning the complaints.

24 Oct 2019 9:37 AM

The software major faces more trouble ahead as it has failed to inform the stock exchanges about the complaints received from whistleblowers, which could lead to more trouble at the hands of market regulator Securities and Exchange Board of India.

Infosys in mess over disclosure

Stock exchange BSE has sought clarifications from Infosys, for which the reply was awaited at the press time.

24 Oct 2019 1:09 AM

Shares of Infosys on Tuesday plummeted nearly 17 per cent marking their worst intraday fall in over six years. (Photo: AFP)

Infosys recovers lost ground; rises over 1 per cent

The scrip gained 1.28 per cent to Rs 651.55 on the BSE. On the NSE, it rose by 1.26 per cent to Rs 651.70.

23 Oct 2019 11:15 AM

Infosys shares tanked to a 10-month low and dragged the Sensex down with it on Tuesday after whistle-blowers accused Chief Executive Officer Salil Parekh of attempting to shore up profits through irregular accounting.

Infosys shares tank as Nilekani pledges probe

Infosys in a statement to the stock exchanges said that its audit committee was examining the allegations, in line with its policy on whistleblowers.

23 Oct 2019 2:47 AM

An anonymous group claiming to be employees of the firm on Monday placed a whistleblower complaint to the company's board, accusing CEO Salil Parekh and CFO Nilanjan Roy of indulging in unethical practices to boost short-term revenue and profits.

Amid row over CEO; Infosys shares crash, investors lose Rs 53,000

India's second largest IT services company Infosys was the biggest loser in the Sensex pack, plummeting 16.21 per cent.

22 Oct 2019 5:43 PM

Probe on charges against Infosys CEO, CFO for unethical practices: Nilekani

The audit committee, will take such steps as may be appropriate based on the outcome of the investigation.

22 Oct 2019 9:59 AM

Infosys has also settled with SEBI the case of alleged disclosure lapses regarding payment made to Bansal earlier this year.

Whistleblower complaint placed before audit committee: Infosys

The company is taking unethical steps to increase short-term revenue and profits -- before its audit committee.

21 Oct 2019 2:59 PM

Infosys also raised the lower-end of its FY2019-20 revenue guidance and the revised forecast now stands at 9-10 per cent growth in constant currency terms.

Infosys shares fall over 4 per cent after Q2 earnings

The company's revenue rose by 9.8 per cent to Rs 22,629 crore in the quarter under review from Rs 20,609 crore.

14 Oct 2019 11:18 AM

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Syed Ata Hasnain