Even after a 164 per cent rally since its 52-week lows hit in March 2020, the Salil Parekh-led firm remains Credit Suisse top pick in the IT space
The company isn't trying to scale the solution commercially, is only showcasing it to various jurisdictions. Will be happy to help anyone who sees value in it
The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later
All Vanguard staff currently performing relevant roles will be offered comparable positions at Infosys in close proximity to Vanguard's offices in Malvern, Charlotte, and Scottsdale
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services, the report said
In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.
Parekh said that as the situation improves, the company is 'extremely comfortable that we will emerge stronger'
In October last year, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management
The company said the audit committee found that the 'allegations are substantially without merit'
Market analysts said Infosys' performance was in line with their expectations
The whistleblower complained that he was unable to disclose his identity fearing retaliation for the damning disclosures he was making against Parekh
Infosys says the anonymous complaints were still under investigation as company's stocks rise.
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
Parekh took solace in a couple of things in his new job
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
Investors lost a staggering Rs 53,000 crore when the stock tanked 16 per cent on Tuesday
Stock likely to come under more pressure today; audit committee examining anonymous claims
Experts say no significant diversion from past accounting practices reported by the IT firm in recent quarters
The company in a statement on Monday said the whistleblower complaint had been placed before the audit committee as per the company's practices