Free Press Journal
  • Infosys says some promoters may participate in its share buyback

    Mumbai : Some promoters of Infosys Ltd may participate in the company’s share buyback exercise, the company said in an exchange filing Monday. On Aug 19, the Bengaluru-based information technology major had announced that it would buy back 113.04 mln shares, or 4.9% of the total share capital, at 1,150 rupees apiece, aggregating 130 bln rupees. As at the end of June, promoters and the promoter group held 12.75% stake in the

  • Infosys net flat annually, down quarterly in Q1

    Bengaluru : Software major Infosys Ltd on Friday reported Rs 3,483-crore consolidated net profit for the first quarter (Q1) of fiscal 2017-18, registering 1.4 per cent year-on-year (YoY) flat growth from Rs 3,436 crore in the same period year ago but declined 3.3 per cent sequentially from Rs 3,603 crore quarter ago in rupee terms.

  • Auditors clear Infosys of alleged violations of corporate governance

    Bengaluru : Auditors have concluded investigating various allegations of violation of corporate governance at Infosys Ltd, made by a whistleblower, and have found no evidence of wrong doing, the company said in a release on Friday.