In October, an anonymous whistleblower group called 'Ethical Employees' alleged that the company's current management was taking 'unethical' steps to spur short-term revenue and profits.
Infosys says the anonymous complaints were still under investigation as company's stocks rise.
According to the IT firm, the engineering services segment spreads across communication, manufacturing, retail & CPG and life sciences verticals
The companies have also invested heavily in digital marketing and improving consumer experience.
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While Murthy was relentless in his criticism of the erstwhile company board and its CEO for not disclosing information to shareholders, his silence this time has been deafening
The letter was made public last Monday, after which Infosys' stock price was badly hit, though it has recovered a bit in the last trading session
Tax cut helps, but India Inc's revenue growth falters
Employees are mostly worried about what impact this could have on their incentive structures or promotions
Queries sent to the SEC with regard to cooperation sought from Sebi remain unanswered
In April this year, the board of Infosys adopted a new stock plan called "Expanded Stock Ownership Programme"
Infosys said it complied with its whistle-blower policy through placing the complaint before the audit committee of its board
Parekh took solace in a couple of things in his new job
The Bengaluru-headquartered firm said that it complied with its whistleblower policy through placing the complaint before the audit committee of its board
On Monday, Infosys informed stock exchanges about anonymous whistleblower complaints alleging certain unethical practices
The company said India's market regulator, the Securities and Exchange Board of India (SEBI), has also asked it to submit information concerning the complaints
The matter could get further complicated for Infosys as the company is also listed on the Nasdaq Stock Exchange in the US
From government announcing the merger of BSNL and MTNL to HCL Tech Q2 net income rising 4.4%, here are the top 10 business headlines on Thursday
Credibility of the Indian IT sector is at stake
Former CFO and deputy CFO could be approached to assist in the probe