Monday's notices seek damages of Rs 2,000 crore (Rs 20 billion) each from The Times of India and The Economic Times, both owned by Bennett, Coleman & Co, and The Financial Express, owned by the Indian Express group, alleging some of their articles defamed Infosys.
No impact of exits on client engagements, says company.
Top business leaders to raise issues on investment, trade and the rupee
Infosys did not disclose the nature of the information sought by Securities and Exchange Board of India.
Top-level exits at Bangalore-based Infosys may have led to concern about the company's medium-term growth, but these have contributed to Executive Chairman N R Narayana Murthy's strategy of cost optimisation.
India's premier software services company, Infosys Limited, has reached out to its banker, the non-executive chairman of ICICI Bank, K V Kamath, to step into the shoes of its founder N R Narayana Murthy.
Reliance Industries chairman Mukesh Ambani and his wife Nita Ambani topped a list of power couples dominated by celebrity pairs from Bollywood, according to the annual survey results released by the Indian Institute of Human Brands (IIHB) in Mumbai on Wednesday. Ranveer Singh and Deepika Padukone followed the Ambanis at No 2, and Virat Kohli and Anushka Sharma occupied the third position. Five other couples from the corporate world made it to the list - Infosys founder Narayana Murthy and Sudha Murty at 10th, Adar and Natasha Poonawala (Serum Institute) at 11th, Azim and Yasmeen Premji (Wipro) at 16th, Anand and Anuradha Mahindra (Mahindra Group) at 19th, and Kumar Mangalam and Neerja Birla (Aditya Birla Group) at 20th position.
Companies are expected to firm up their business plans for the second half of the year.
Rishi Sunak arrived in India for the first time after he took charge as the United Kingdom's prime minister on Friday, September 8, 2023.
To an outsider, the exits could signal turmoil and, perhaps, even trouble. But, Infosys, on the contrary, seems to be back as stock markets' darling.
Be it the industry laggard performance or harassment allegations by overseas employees, Infosys has a tough road ahead and investors will look at Sikka to sort out the issues.
'A person is supposed to do 40 to 42 hours of work a week.' 'If a person is working more that, it is exploitation.' 'And it is because of this exploitation that employees experience stress which affects their mental health.' 'Sometimes it even leads to ending their lives. It is very unfortunate.'
Today, staff morale down the line is low, attrition last year scaled a new high, and even clients have expressed concern at the state of things.
In the last three years, photographer Zakia Shakir has zigzagged across the world to train her camera on some of India's most famous men.
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
The Infosys Science Foundation on Monday announced the winners of the Infosys Prize 2010 recognizing outstanding contributions to scientific research that have impacted India.
Fascinating stories of how 30 famous companies got their names.
Brokerage firm says recovery under Narayana Murthy to take longer than expected; stock dips 3%.
nfosys Managing Director and CEO S (Kris) Gopalakrishnan speaks about the company to Business Standard.
Software major Infosys Technologies Ltd on Thursday said it would contest the ruling by the Chennai bench of the Intellectual Property Appellate Board, which has held that it cannot hold a monopoly on the trademark 'Infosys.'
Too many corporate leaders cherish the crown of indispensability.
The new chairman assumes his role at perhaps one of the most challenging times for both the company and the industry.
The overall trend to professionalise has always seen an upward trajectory, but at varying rates of adoption.
Infosys must focus on a few steps for quicker returns, says a Barclays report.
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
Glimpses of the pro-Ukrainian demonstration in London on Wednesday, February 16, 2022, as the United States warned of a Russian invasion of Ukraine.
The Nasscom Governance and Ethics Committe on Tuesday released its recommendations aimed at further strengthening corporate governance practices in the Indian IT-BPO industry.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
The development comes at a time when Infosys' shares are trading at a record high.
The year 2011 could end up being the mother of all years as far as corporate succession is concerned.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
Over 100 people, including 20 senior consultants and at least six VPs, have quit Infosys in 6 months.
The US legal action is likely to further strengthen public opinion, at a time of high unemployment, against information technology outsourcing -- which is seen to take away jobs from locals.
With ICT, there is a need to re-look at traditional models of business management, says Narayana Murthy.
Brijmohan Lall Munjal, chairman of the Hero Group, has become the first Indian to be selected to the international panel of judges for the Ernst & Young World Entrepreneur of the Year.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
