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Salil Parekh News
US law firm files class-action suit on Infosys
Thu, Dec 12, 2019
A United States-based rights litigation firm has filed a class-action lawsuit against tech services giant Infosys for making "false" and "misleading" statements to the market. The lawsuit, filed by The Schall Law Firm, accused Chief Executive Salil Parekh of avoiding standard reviews of mega deals to get rid of scrutiny.
Infosys whistleblower row: Infy says no immediate evidence to support complaints
Mon, Nov 04, 2019
Indian IT services major Infosys Ltd said on Monday it had not yet received any evidence to support the allegations in a whistleblower letter from last month, sending its shares up as much as 6.5% in early trading.
Infosys row: Market Guru Anil Singhvi says information should not be allowed to leak
Tue, Oct 22, 2019
Anil Singhvi said that such allegations should be probed as soon as possible to save the interest of investors, stock market and loss to the company as well.
Infosys proposes to allocate up to 50mn shares to incentivise staff; CEO to get stock units worth Rs 10cr
Fri, May 17, 2019
Infosys board has approved an 'Expanded Stock Ownership Program 2019' that intends to allocate five crore shares to a broad base of employees.
Q3 Results: Infosys fails to sell Panaya, Skava assets - How Vishal Sikka's legacy gave sleepless nights to IT giant
Fri, Jan 11, 2019
Infosys had earlier classified its subsidiaries Kallidus & Skava (together referred to as "Skava”) and Panaya as “Held for Sale”.
Infosys Q3 result: PAT down by almost 30% to Rs 3,610 crore; constant currency guidance revised to 8.5%-9%
Fri, Jan 11, 2019
Going forward, FY19 revenue guidance in constant currency revised upward to 8.5%-9.0%; Operating margin guidance retained at 22%-24%.
Infosys CEO Salil Parekh reveals his focus areas
Wed, Oct 17, 2018
Infosys CEO Salil Parekh Tuesday said the company has begun to focus on its elements of growth, including digital and automation, to improve its clients' businesses as part of its transformation plans that kickstarted two quarters ago.
Vishal Sikka's Panaya deal dents Infosys profit in 1HFY19 by $39 mn; all details inside
Tue, Oct 16, 2018
For half year end of FY19, Infosys revenue stood at Rs 39,737 crore with growth of 14.7% YoY. While net profit was at Rs 7,721 crore increasing by 7.1% YoY.
Infosys beats estimates, posts over 10% growth in Q2FY19 PAT
Tue, Oct 16, 2018
Infosys Q2 result: All eyes were on Indian IT-giant Infosys and it did not fail to surprise pleasantly. Infy revealed today that it has posted a strong September 2018 quarter ended (Q2FY19) result by beating analysts estimates.
This Vishal Sikka deal is a burden for Infosys; here's how
Mon, Jul 16, 2018
Infosys posted 3.70% growth in net profit to Rs 3,612 crore in Q1FY19 compared to net profit of Rs 3,483 crore in the corresponding period of the same month.
Wipro CEO Abidali Neemuchwala beats Infosys chief Salil Parekh, even TCS chief Rajesh Gopinathan in FY18; Check fat pay packets
Mon, Jun 25, 2018
Wipro CEO Abidali Neemuchwala, Infosys chief Salil Parekh, TCS chief Rajesh Gopinathan are three names that are very renowned in IT sector for taking their respective companies to a higher level due to their skills and knowledge.
After TCS share price steals spotlight, Infosys CEO Salil Parekh unveils road map ahead
Mon, Apr 23, 2018
In a detailed presentation to analysts, Infosys CEO and MD Salil Parekh said the company is betting on growth with strategic investments and "will invest in inorganic moves to expand client relevance". This comes in wake of rival Tata Consultancy Services Q4 being announced, which caused TCS share price to zoom and enter the $100 bn club, although it closed short of that mark today
What kind of pay hikes did Infosys employees get in April? Attrition soars
Sat, Apr 14, 2018
Infosys also announced it has cleared pay hikes for its employees. The tech major said that it has rolled out salary hikes ranging from "mid-single digit to high-single digit " for a majority of its employees. The salary hike would be effective from April onwards
Windfall at Infosys for Salil Parekh, M D Ranganath, others; here's how
Tue, Mar 06, 2018
Of the total 1.13 lakh RSUs given to Parekh, 84,768 RSUs will vest over a period of two years (one-time grant), while the remaining 28,256 units will vest over three years (annual grants), Infosys said in a BSE filing
Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crore
Thu, Jan 04, 2018
Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores and would be eligible for variable pay of Rs 9.75 crores at the end of the 2018-2019 fiscal year, according to a top company executive.
Salil Parekh begins his new innings with Infosys
Tue, Jan 02, 2018
Salil Parekh (53) has an experience of 25 years in a leading technology service provider, Capgemini, as member of the group executive board.
Infosys gains nearly 3% on BSE Sensex after Salil Parekh named new CEO
Mon, Dec 04, 2017
Shares of the IT major edged higher in early trade on BSE Sensex with news of appointment of a new CEO over the weekend.
Growth, healing: New CEO faces twin tests at Infosys
Mon, Dec 04, 2017
After well over a decade with Capgemini, Salil Parekh is returning home to head unsettled Indian software services firm Infosys, where he will seek to replicate his success in notching up record growth at the divisions he ran.
Salil Parekh who played vital role in Capgemini; now takes over as Infosys CEO
Sat, Dec 02, 2017
Salil Parekh a group executive board of the Capgemini, has now been appointed as the CEO and MD of Infosys. He will take the place of Vishal Sikka in Infosys from January 02, 2018.