Page 42 - Infosys

Infosys share sell-off weighs on all 5 IT funds, ICICI Pru Tech worst hit

The Infosys stock is widely held by mutual funds, with more than 400 actively- and passively-managed schemes exposed to the company

Sebi starts probe into whistleblower's complaint against Infosys management

Sources said the regulator has already asked the stock exchanges to collate trading data of Infosys' shares as well as about derivative positions

Top headlines: BSNL, MTNL to merge, Infosys controversy so far and more

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

BSE wants Infosys to explain its non-disclosure of whistleblower complaint

Against the backdrop of Nilekani's statement on Tuesday and the company's filing to the bourses a day before, the BSE has sought clarification

Yesterday once more: How the latest crisis is playing out at Infosys

For the second time in about as many years, the Indian icon synonymous with the country's technological ascendancy is being forced to answer accusations of impropriety

Whistle-blower complaint: Who got worst hit by the Infosys stock's freefall

Investors lost a staggering Rs 53,000 crore when the stock tanked 16 per cent on Tuesday

Infosys bounces back 6% from day's low on heavy volumes

According to news reports, markets regulator Securities and Exchange Board of India (Sebi) could seek clarification from the IT major on charges level levelled by the whistle-blower.

US law firm readies class suit against Infosys to recover losses

On Monday, NYSE-listed Infosys had said it had received whistleblower complaints alleging "unethical practices" by its top executives to boost short-term revenue and profit

Nilekani steps in as Infosys investors fume over whistleblower complaints

EY, Shardul Amarchand to conduct probe; CEO, CFO recuse themselves

Infosys freefall hits mutual funds; FPIs lose over Rs 17,000 crore

"As Infosys is a Nifty stock, the company is widely held in several equity schemes," said a fund manager. According to industry estimates, the stock is held in over 400 MF schemes

Sensex falls 334 pts, Nifty dips 74 pts after Infy whistle-blower complaint

This is the sharpest decline for the software exporter since April 2013, shows data compiled by Bloomberg

Allegations to remain pain point for Infosys stock in near term: Brokerages

Further, revenue and cost recognition have not adhered to accounting norms and have been done to improve short-term profitability

Top headlines: Infosys battles whistleblower scandal, Chidambaram gets bail

P Chidambaram gets bit of court relief and Prime Minister Narendra Modi and Abhijit Banerjee have an "excellent meeting".

Infosys tumbles 16% as whistleblowers accuse of unethical practices

The anonymous letter alleges the current management is taking 'unethical' steps to raise short-term revenue and profit.

Whistleblower crisis: Infosys may need some private time to fix itself

It might not be a bad idea for a buyout fund to step in and take Infosys out of the glare of the public markets

Infosys audit committee to probe whistleblower allegations: Nilekani

Infosys Chairman Nandan Nilekani on Tuesday said the company's audit committee will conduct an independent investigation on whistleblower allegations of CEO Salil Parekh and CFO Nilanjan Roy indulging in "unethical practices" to boost short-term revenue and profits. The committee began consultation with independent internal auditors EY, and has retained law firm, Shardul Amarchand Mangaldas & Co. to conduct an independent investigation, Nilekani noted in his statement to the stock exchanges. Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled Disturbing unethical practices and an undated note with the title, Whistleblower Complaint. He said both had been placed before the audit committee on October 10, 2019, and before the non-executive members of the board the following day. "Post the board meeting of October 11, 2019, the audit committee began consultation with the independent internal auditors (Ernst .

Top 10 biz headlines: Ogilvy-Vivo dispute, Tata Steel cuts jobs, and more

From Ogilvy dragging Vivo to court over plagiarism to Tata Steel cutting jobs in Europe, here are the top 10 business headlines on Tuesday

Infosys ADR sinks 13% over whistleblower's window dressing allegations

Stock likely to come under more pressure today; audit committee examining anonymous claims

Whistleblower stings Infosys again; alleges irregularities in accounting

Experts say no significant diversion from past accounting practices reported by the IT firm in recent quarters

Anonymous whistleblowers accuse Infosys CEO, CFO of unethical practices

The company in a statement on Monday said the whistleblower complaint had been placed before the audit committee as per the company's practices