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Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

India's Infosys shares rise 2.7 pct on appointment of new CEO
Sunday, 3 Dec 2017 10:50pm EST 

Dec 4 (Reuters) - India's Infosys ::Shares trading 2.7 percent higher after company appoints Salil Parekh as new CEO.For a detailed story on the new CEO appointment, see: nL3N1O3086 and nL3N1O3060.  Full Article

Infosys founder Murthy says questions on "poor governance" remain unanswered
Tuesday, 24 Oct 2017 12:06pm EDT 

Oct 24 (Reuters) - Infosys Ltd :Infosys founder N. Murthy: stand by every question on poor governance raised in my speech to Infosys investors.Murthy says fact remains that none of these questions have been answered by the Infosys board with the transparency it deserves.Murthy says core question still is how and why Infosys board approved unusual, unprecedented severance payment agreement for former CFO.  Full Article

Infosys reaffirms previous findings of external probe into Panaya acquisition
Tuesday, 24 Oct 2017 06:34am EDT 

Oct 24 (Reuters) - Infosys Ltd :Gross client additions of 72 in Sept quarter.Says Sept quarter annualized standalone employee attrition at 17.2 percent ‍​.Says process of identifying the next CEO and shareholder consultation outreach have been initiated and are progressing well‍​.Says co appointed D. Sundaram as chairperson of audit committee with effect from Oct 24‍​.Says Sept quarter annualized consolidated employee attrition at 21.4 pct‍​.Says board reaffirms the previous findings of external investigations that there is no merit to the allegations of wrongdoing‍​.Says co "now globally benchmarked its severance pay and revised its senior management employment contracts"‍​.Company has identified opportunities for improvements in processes and practices, which have been implemented.Says going forward, it is co's "endeavour to build a trusting relationship with Mr. Murthy"‍​.Concluded that publishing additional details of probe would inhibit co's ability to conduct effective probe into any matter in future.  Full Article

India's Infosys Sept-qtr consol profit up about 3 pct
Tuesday, 24 Oct 2017 06:21am EDT 

Oct 24 (Reuters) - Infosys Ltd ::Sept quarter consol profit 37.26 billion rupees versus profit of 36.06 billion rupees last year.Consensus forecast for Sept quarter consol profit was 35.23 billion rupees.Sept quarter consol revenue from operations 175.67 billion rupees versus 173.10 billion rupees last year.Declared dividend of 13 rupees per share.FY 18 revenue guidance at 5.5 percent-6.5 percent in constant currency; operating margin guidance unchanged at 23 percent-25 percent.Last quarter co had forecasted FY 18 revenue guidance at 6.5 -8.5 percent in constant currency.  Full Article

Infosys Senior VP Sanjay Rajagopalan resigned on Sept. 13
Tuesday, 19 Sep 2017 01:40am EDT 

Sept 19 (Reuters) - Infosys Ltd ::Says Sanjay Rajagopalan's (senior vice president, head - design & research) last date of employment with Infosys was Sept 13, 2017​.  Full Article

Infosys and CMA CGM Group sign strategic partnership
Monday, 18 Sep 2017 12:58pm EDT 

Sept 18 (Reuters) - INFOSYS LTD ::CMA CGM GROUP SIGNS STRATEGIC PARTNERSHIP WITH INFOSYS TO ACCELERATE TRANSFORMATION OF ITS INFORMATION SYSTEMS‍​.SEVEN-YEAR PARTNERSHIP WITH INFOSYS TO ENHANCE CMA CGM’S CUSTOMER SERVICE EXPERIENCE‍​.INFOSYS TO ESTABLISH A DELIVERY CENTER IN MARSEILLE TO ATTRACT AND ENHANCE LOCAL EXPERTISE‍​.INFOSYS WILL ALSO ACQUIRE CMA CGM’S INNOVATION AND DELIVERY CENTER IN DUBAI, UAE‍​.  Full Article

India's Infosys inducted into Dow Jones Sustainability indices
Friday, 8 Sep 2017 06:45am EDT 

Sept 8 (Reuters) - Infosys Ltd :Says co inducted into Dow Jones Sustainability indices.  Full Article

Infosys establishes new office in Netherlands
Thursday, 7 Sep 2017 12:10am EDT 

Sept 7 (Reuters) - Infosys Ltd ::Says establishes new office in Netherlands.  Full Article

Infosys founder Murthy believes corrective actions on corporate governance already begun with Nilekani as chair
Tuesday, 29 Aug 2017 09:52am EDT 

Aug 29 (Reuters) - Infosys Ltd Founder Narayana Murthy ::Founder Narayana Murthy says believes corrective actions on corporate governance have already begun with Nilekani as co's chair.  Full Article

Infosys says some promoters, promoter group communicated intention to participate in proposed buyback
Monday, 28 Aug 2017 08:53am EDT 

Aug 28 (Reuters) - Infosys Ltd :Says some members of promoter and promoter group communicated intention to participate in proposed buyback.  Full Article

Infosys seeks settlement with regulator on ex-CFO's severance pay

MUMBAI, Dec 6 Infosys has sought a settlement with India's market regulator over a disputed severance package awarded to its former chief financial officer.