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Monday
July 2020
12:04 PM IST
News Headlines
Former India cricketer Chetan Chauhan tests positive for COVID-19        West Indies beats England as international cricket returns        Rahul again targets Modi for Eastern Ladakh face-off with China        Aishwarya, daughter Aaradhya test positive for coronavirus        More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh        Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque        Russia''s Sechenov University completes trials of Coronavirus vaccine        Trump wears mask on camera for first time as he visits military hospital        Kerala has become ''hub'' of smuggling gold, alleges Chennithala        Kerala reports 435 new COVID-19 cases, tally rises to 7,873        2 key accused in gold smuggling case remanded to judicial custody        488 cases in Kerala, Infection tally touches 7438; 2 deaths        Gold smuggling case: Swapna, Sandeep taken into custody by NIA        Amitabh Bachchan tests COVID-19 positive, hospitalised        Hardik Patel appointed working president of Gujarat Congress        TN records 3,965 new COVID-19 cases,69 deaths        Why is Modi scared of disclosing names of those who donated to PM Cares, asks Rahul        Trump commutes friend Roger Stone''s sentence        Ruling People''s Action Party reelected in Singapore        5 killed in hostage situation at church in South Africa        
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Business News
Infosys plunges 16 pc on whistleblower complaint
 
New Delhi: IT services firm Infosys on Tuesday plummeted 16 per cent on concerns over a whistleblower complaint which alleges that two of the company's top executives were indulging in unethical practices to increase short-term revenue and profits.

The scrip plunged 15.94 per cent to Rs 645.35 on the BSE.

On the NSE, it tanked 15.99 per cent to Rs 645.

Infosys on Monday had said the whistleblower complaint has been placed before the audit committee as per the company's practice, and that it will be dealt with in accordance with the company's whistleblowers policy.

According to reports, the complaint by a group that calls itself "ethical employees" had alleged CEO Salil Parekh and CFO Nilanjan Roy were indulging in "unethical practices" to boost short-term revenue and profits.

"The whistleblower complaint has been placed before the audit committee as per the company's practice and will be dealt with in accordance with the company's whistleblowers policy," Infosys said in a statement.

In a statement on Tuesday, Infosys Chairman Nandan Nilekani said the company's audit committee will conduct an independent investigation on whistleblower allegations.

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.


Rupee slips 9 paise to 75.02 against USD
ICICI Bank to raise up to Rs 15,000 crore to bolster capital base
Gold jumps Rs 102, silver declines Rs 249
Finmin may review capital requirement of PSU banks after second quarter
I-T dept amends TDS form, makes it more comprehensive
Pak will complete CPEC at all costs, says PM Khan
COVID-19 caused huge demand destruction overseas: Bankers
Intel Capital to buy 0.39 pc stake in Jio Platforms for Rs 1,894 cr
Sensex surges over 200 pts in early trade; Nifty tops 10,600
India's trade deficit with China reduces to USD 48.66 bn in FY20
Work to begin shortly on Zojila tunnel: Gadkari
ONGC shares tank 4 pc after first-ever quarterly loss
Vodafone Idea shares plunge nearly 5 pc after FY20 earnings
Diesel price at new high as fuel prices hiked for 22nd time in just over 3 weeks
Prestige group's FY20 sales bookings flat at Rs 4,560 crore
No plans to sell non-core assets during this fiscal: PNB Chief
Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks
SBI sanctions loans to over 4 lakh MSMEs under credit guarantee scheme
Money in Swiss banks: India at 77th place, accounts for just 0.06% of all foreign funds
Asian shares advance, tracking Wall Street tech rally
KERALA NEWS
Kerala has become ''hub'' of smuggling gold, alleges Chennithala
 Kochi: Sharpening his attack against the CPI(M)-led LDF government over the sensational gold smuggli  
Kerala reports 435 new COVID-19 cases, tally rises to 7,873
488 cases in Kerala, Infection tally touches 7438; 2 deaths
Youth outfits of parties clash with police, demand CM''s resignation
INTERNATIONAL NEWS
Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque
 Moscow: Pope Francis said on Sunday that he was disappointed by Turkey''s decision to convert the Ha
Russia''s Sechenov University completes trials of Coronavirus vaccine
Trump wears mask on camera for first time as he visits military hospital
Trump commutes friend Roger Stone''s sentence
NATIONAL NEWS
Rahul again targets Modi for Eastern Ladakh face-off with China
 New Delhi: Targetting Prime Minister Narendra Modi, former Congress president Rahul Gandhi on Sunday
Aishwarya, daughter Aaradhya test positive for coronavirus
More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh
Amitabh Bachchan tests COVID-19 positive, hospitalised
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