IT major Infosys on Tuesday showed the door to Abraham Mathews, CFO of its BPO subsidiary, for not complying with the code of conduct, while CEO Gautam Thakkar has resigned taking responsibility on moral grounds.
In a setback for Rajya Sabha Deputy Chairman P J Kurien, a court in Kerala has ordered issue of notice to him on a criminal revision petition filed by the Suriyanelli rape victim.
It's Mohanlal versus Manju Warrier this weekend.
Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than $1 million (Rs 6 crore) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
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