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Wednesday
April 2024
7:02 PM IST
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Quo Vadis, Manipur?
'Ponniyin Selvan II' breaches Rs 300 crore mark at global box office
64 arrested in London on Charles III coronation day
KL Rahul out, Ishan Kishan in for WTC final
27-year-old Hyderabad woman among victims of Texas mall shooting
EC asks Kharge to clarify on Sonia's "Karnataka sovereignty" remark
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SC refuses to entertain plea challenging caste-based census in Bihar
Bangladesh police arrest six persons for selling fraud US visa stamps
Mumbai City FC on course to becoming ISL ‘Invincibles’
One held in Swati Maliwal case: Delhi Police
Congress takes dig at Modi over unemployment
Equalize
Mumbai City FC win 4-0 as Bengaluru FC’s misery deepens
Australia thrash undermanned England in first ODI
AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail
Erdogan announces extension of grain deal by 120 days
Musk hints at new chief for Twitter
PM to deliver opening address at 'No Money for Terror' event
Transparency, accountability are essence of governance in parliamentary democracy: Birla
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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.
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KERALA NEWS
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INTERNATIONAL NEWS
64 arrested in London on Charles III coronation day
London: At least 64 people were arrested in UK's capital during the coronation of Charles III on May
Bangladesh police arrest six persons for selling fraud US visa stamps
Erdogan announces extension of grain deal by 120 days
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NATIONAL NEWS
Quo Vadis, Manipur?
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27-year-old Hyderabad woman among victims of Texas mall shooting
One held in Swati Maliwal case: Delhi Police
PM to deliver opening address at 'No Money for Terror' event
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