SHARDUL AMARCHAND MANGALDAS
Promoters may ‘Give Way’ to controlling shareholders
Market regulator, SEBI, wants to introduce the concept of controlling shareholders.
I have no tolerance for divisiveness of any form: Salil Parekh, CEO, Infosys
As the board investigates the anonymous complaints, Infosys CEO ...
Whistleblower allegations: No evidence yet to back charges, says Infosys
Following these anonymous complaints, the board discussed the matter...
Employee morale hurt, reputation at stake: Timeline of how Infosys handled whistleblower complaints
Infosys is facing allegations of serious impropriety for the second time in as many years.
Whistleblower plaint: Infosys wants probe to be completed in 2 weeks
Law firm Shardul Amarchand Mangaldas and consultancy EY has been tasked to probe the whistleblower charges.
Infosys faces class action suit in US as regulators step up pressure
The exchange has asked the Bengaluru-headquartered company to provide an explanation on not making disclosures citing Sebi regulations even as Infosys braces for an inquiry by the US Securities and Exchange Commission (SEC).
Sebi starts probe against Infosys over whistleblower charges
The regulator may also summon the company's top management and others.
Infosys hires law firm to probe charges, stock tanks over 16%
CEO Salil Parekh and CFO Nilanjan Roy, accounting malfeasance, have been recused from the matter to ensure independence of the probe, Infosys non-executive chairman Nandan Nilekani said in a statement to regulators.
Advantage Wipro, TCS now. But Infy crisis can dent confidence in Indian IT
Analysts expect TCS and Wipro to gain, as funds flowing out of Infosys will look at them.
Whistleblower complaints are investigated independently: Nandan Nilekani
One Board member received two anonymous complaints on September 30, 2019 titled “Disturbing unethical practices” & “Whistleblower Complaint". Nilekani said the the CEO Salil Parekh and CFO Nilanjan Roy have been recused from this matter.
Infosys chairman Nilekani says even ‘God’ could not change its numbers
Whistleblowers claim CEO Salil Parekh hid information from the auditors to boost margin.
Gautam Thapar takes legal action against CG Power board
The financial damage to CG’s balance sheet is now estimated to be in excess of Rs 3,000 crore.
Infosys hires PwC to probe plaints
Infosys hired PwC to investigate two whistle-blower complaints alleging financial malfeasance against chief executive and finance chief. The company has already roped in law firm Shardul Amarchand Mangaldas (SAM) to look into the legal side of the complaints and asked its internal auditor, EY, to probe its revenue recognition practices.
Reliance Capital plans to file Rs 10,000 crore defamation suit against PwC
Some shareholders of Reliance Group are mulling action against the auditor for eroding their investments.
Bombay HC allows Ratan Tata's plea to quash defamation suit in lower court
In March, Ratan Tata and other members of Tata Group had moved the Bombay HC to quash the two-year-old criminal defamation case filed by Nusli Wadia in a trial court.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service